Damascus Securities Exchange (342)

18-03-2012

Investors in the Damascus Securities Exchange remained cautious as downward and upward pressures appeared to balance each other.

12-03-2012

Syria’s stock market index remained unchanged last week although it has now fallen more than 50 percent in the year since the beginning of a popular uprising in March 2011. Some analysts speculate, however, that the market could rise again in the coming weeks as the decline in the real value of stocks caused by inflation could render them attractive again.

23-02-2012

Trading at the Damascus Securities Exchange remained dull this week with the total value of stocks traded in the last three sessions at only SYP 16 million or around USD 228 thousand.

21-02-2012

Al-Ahliah Vegetable Oil has reported a 12.75 percent increase in its 2011 revenues to SYP 1.5 billion.

19-02-2012

UG, Syria’s largest media group, reported a loss of SYP 45 million in its 2011 fiscal year amid a steep decline in revenues and a stricken media sector.

12-02-2012

Trading volumes and prices fell last week in the Damascus Securities Exchange although some brokers hope that positive financial results by banks may partly help revive interest in their stocks.

01-02-2012

Arab Bank Syria has announced the resignation from its Board of Basma Talal Zein, a founding shareholder.

30-01-2012

The DWX fell 0.82 percent last week to close at 860.31 on January 25, although the index posted an increase in Thursday's session, the first such growth in some three weeks, thanks to a rise in the stock price of two leading banks.

25-01-2012

Al-Ahliah Transport, one of the largest passenger transport companies in the country, announced a 30 percent decline in revenues last year on the back of the unrest resulting from the popular uprising that began in March.

22-01-2012

The prices of all the stocks that changed hands last week in the Damascus Securities Exchange declined as investors continue to flee the Syrian bourse.

21-01-2012

Three brokerage houses took a market share of more than 50 percent of all trading in the Damascus Securities Exchange last year, according to data from the Syrian bourse.

12-01-2012

The Damascus Securities Exchange resumed its downward slide this week amid very low trading volumes.

09-01-2012

Syria’s stock exchange began the year on a positive note with an increase of 1.83 percent in the market’s main index, the DWX.

02-01-2012

The stock exchange's main index rose for the second week running but closed the year with an annual decline of 50 percent.

26-12-2011

Syria’s stock index posted a gain of 2.81 percent this week after several consecutive weeks of decline.

21-12-2011

The value of the Syrian Pound to the US Dollar has stabilized in the last few days on the back of the decision of the Central Bank to bring the national currency’s official rate closer to its black market value.

19-12-2011

The main index of Syria’s stock exchange remained stable this week as the market regulator passed a new measure to limit the decline in share values.

05-12-2011

Updated December 05: SCFMS, the financial markets regulator, has given a preliminary approval to Arab Orient Insurance Company to list in the Damascus Securities Exchange.

27-11-2011

Since the beginning of the year Syrian stocks have on average  lost half of their value as political and economic risks continued to increase.

20-11-2011

All stocks traded in the Damascus Securities Exchange declined in every one of the three sessions held last week.

07-11-2011

Syria’s stock market declined last week although it remained above the 900 level as the two large Qatari banks operating in the country were the most traded stocks.

16-10-2011

Sanabil for Financial Investments, a brokerage house operating in the Damascus Securities Exchange, has announced that it was closing down because of its poor operating results.

16-10-2011

Syria’s stock market continued its slide last week as the Minister of Economy announced the set-up of a National Investment Fund that will invest in listed companies.

10-10-2011

Daman Cham, a brokerage firm operating in the Damascus Securities Exchange, has suspended its IPO and advisory services and announced the divestment of its UAE strategic shareholder.

09-10-2011

Syrian stocks resumed their decline last week, losing ground in each of the three trading sessions.

04-09-2011

Only one trading session at the Damascus Securities Exchange was held last week before the 3-day long Eid Al-Fitr, marking the end of the holy month of Ramadan.

16-08-2011

Solidarity Alliance Insurance Company became the twenty first company, and fifth insurance firm, to be listed on the Damascus Securities Exchange, on  August 10, 2011.

15-08-2011

Trading in the Damascus Securities Exchange has been reduced to three sessions a week in an apparent bid to stem the decline of share prices.

14-08-2011

Syrian stocks continued to lose ground this week with the DWX shedding 3.41 percent over the last four sessions as the board of the stock exchange reduced the number of trading days in a bid to stem losses.

07-08-2011

Syrian stocks fell two percent on average over the last week with the market’s weighted index having now fallen in eight of the last nine sessions.

27-07-2011

Solidarity Alliance, an insurance firm, will start trading on the Damascus Securities Exchange starting August 10 after it received the go ahead from the market’s Board.

25-07-2011

Syria’s main stock index closed at 1,023.18 on July 24 recording a week-to-week increase after falling at one point below the 1,000 mark for the first time since its launch in early 2010.

18-07-2011

The Damascus Securities Exchange resumed its decline last week with no single stock rising on a weekly basis as political prospects remain highly uncertain.

11-07-2011

Syria’s stock market rose slightly this week with its main index gaining 1.59 percent as investors await clearer signals as to where the political situation is heading.

03-07-2011

Solidarity Alliance will become the fifth insurance company to be listed on the Damascus Securities Exchange after it received a preliminary approval from the board of the Syrian stock market.

03-07-2011

Ihab Makhlouf has resigned from his position as vice-Chairman of the Board of Al-Aqeelah Takaful Insurance, a few weeks after the European Union imposed a freeze on his assets and on those of several other Syrian personalities, as well as on “legal persons and entities associated with them,” according to a filing by the company.

26-06-2011

Emaar IGO issued a press release saying it had already delivered 315 office units in the first phase of its Eighth Gate compound outside Damascus and that it was continuing works on the project.

19-06-2011

Updated June 19: The Syrian securities market regulator has given its nod for the capital increase of Bank of Syria and OverseasBank Audi Syria, Byblos Bank Syria  and Fransabank Syria in line with the target of raising the minimum capital levels of conventional private commercial banks to SYP 10 billion by the end of 2012.

09-06-2011

Syria’s Minister of Finance said deposits in the banking sector were now increasing at a faster pace than withdrawals after the Central Bank raised rates in May.

30-05-2011

The Damascus Securities Exchange continued its steady decline as all listed stocks except one fell in the last week.

26-05-2011

Syria’s stock exchange is going to see the listing of seven new companies before the end of the year, according to its CEO, raising the total number of listed firms to 27.

23-05-2011

BSFF, the brokerage arm of Banque Bemo Saudi Fransi, said that it was now licensed to offer asset management services.

09-05-2011

The value of the Syrian Pound traded in the black market returned close to its official rate levels last week, while the index of the Damascus Securities Exchange rose for the first time in weeks.

09-05-2011

Maamoun Hamdan has been named new Executive Director of the Damascus Securities Exchange, replacing Mohammad Jleilati, who was recently appointed Minister of Finance.

02-05-2011

Stocks in the Damascus Securities Exchange continued their downward slide last week as the market’s regulators seem short of solutions to help stem the decline.

25-04-2011

The Board of the Damascus Securities Exchange is considering putting new caps on daily trading prices as stocks continue their downward slide.

18-04-2011

The Damascus Securities Exchange continued its downward slide with its main index declining in each of the last five sessions as there is no end in sight for unrest throughout the country.

18-04-2011

The departure of Abdallah Dardari, the man who most symbolised in the last decade the transition of Syria from a state-led to a market-led economic system, represents the most significant change in the newly-appointed Government.

31-03-2011

Stocks traded in the Damascus Securities Exchange declined today, while the national currency also lost ground against the US Dollar, a day after the Syrian President, in a long awaited speech before Parliament, declined to give any clear timetable for political reform.