Following in the steps of two of its competitors, BLOM Bank, Lebanon’s second largest bank by the size of its assets, has deconsolidated its operations in Syria.
The main indicators of the Damascus Securities Exchange witnessed an overall positive performance last year when measured on a nominal basis, although the Syrian bourse remains largely disconnected from the economy at large.
Al-Baraka Bank Syria, an Islamic lender and one of the newest comers to the Syrian banking sector, saw its assets jump 50 percent in the first half of this year.
The value of the shares traded last month in the Damascus Securities Exchange fell to its lowest level since the beginning of the year.
The value of trading and of the main market index of the Damascus Securities Exchange continued to increase markedly in April.
In dollar terms, the assets of Syria’s private sector banks declined by 25 percent on annual basis last year.
February saw an increasing interest by Syrian investors in the Damascus Securities Exchange.
Years after most of its counterparts, one of Europe’s largest commercial banks has just decided to stop all relations with Syria’s banking sector.
The value of trading in the Syrian bourse last week was slightly above 5 million pounds, which at the current exchange rate is equivalent to some USD 13,000.
The value of trading in the Damascus Securities Exchange remained stable this week.
Syria’s stock market index, the DWX, fell in each of this week’s four sessions to close at 1,214.95.
Syria’s stock market index crossed the 1,200 level again in a week that saw only two trading sessions.
The assets of Syria’s private commercial banks increased 17 percent in the first half of this year in Syrian Pound terms.
The DWX remained unchanged last week amid low trading values.
Syria’s main stock market index fell below the 1,200 mark for the first time since mid-July.
Only a quarter of the listed stocks in the Damascus Securities Exchange were traded this week.
Only SYP 7.3 million worth of stocks were traded in the Damascus Securities Exchange last week.
Syria’s stock market index gained more than one percent last week amid low trading volumes.
Last week, Syria’s stock index closed above the 1,200 level for the first time in more than a month, while the value of trading was among the lowest on record.
In the absence of large transactions, the volume of activity at the Syrian stock exchange returned to the lows of the past weeks.
Syria’s DWX stock market index remained below the 1,200 mark for the second week in a row.
Al-Baraka Bank Syria, an Islamic lender, opened on May 28 a branch in Tartous, the bank’s second in less than six months in the coastal area.
There was little to highlight in the Syrian stock exchange last week as trading volumes remained miniscule.
Last week was another uneventful one in the Syrian bourse with the market’s main index sliding again and the volume of transactions remaining very low.
The main index of the Damascus Securities Exchange gained 0.29 percent last week to close at 1,211.44.
Only a quarter of the listed stocks in the Damascus Exchange were traded last week.
Syria’s stock market index continued its slow and steady decline.
Trading at the Damascus Securities Exchange remained subdued last week and dominated by four stocks.
Syria’s stock market index was unchanged last week, while trading values remained low.
Syria’s stock market index remained unchanged last week amid low trading volumes.
The value of trading in the Damascus Securities Exchange increased last week, largely over transactions on a single stock, as did the market index.
Syria’s stock market index lost almost one percent last week falling under the 1,240 mark for the first time since April of last year.
The total value of trading at Syria’s stock exchange fell last week and stood at less than USD 50,000.
The main index of the Syrian stock exchange fell again last week amid dull trading activity.
Only eight of the 24 listed stocks were traded in the Damascus Securities Exchange last week.
Syria’s stock market index climbed by almost one percent last week helped by an increase in the price of Cham Bank, the most traded stock in the exchange.
For weeks, the same four banks have been dominating trading in the Damascus Securities Exchange, even though the total value of activity in the Syrian bourse remains very small.
The index of the Damascus Securities Exchange gained last week as the value of trading remained mostly unchanged compared to the previous week.
Last week, the index of the Damascus Securities Exchange recorded a weekly gain for the first time in some two months.
The index of the Damascus securities exchange declined again last week following recent losses.
Both the DWX and the value of trading in the Damascus Securities Exchange slightly declined last week.
The Syrian bourse saw last week the beginning of trading on Al-Baraka Bank Syria, the latest stock to be listed in the exchange.
The DWX continued last week its slow decline, shedding 0.21 percent, although the value of trading is so low that price changes bear little significance.
At the end of last week, the DWX, the Syrian stock market’s main index, remained below the 1,300 mark, a level it has not crossed for more than a month.
After a weeklong break, investors resumed trading in the Syrian bourse last week.