The DWX gained some 9.63 percent last month, its highest monthly increase since the beginning of the year, mostly thanks to the rise in the price of a single stock.
The government has allowed the Central Bank of Syria to issue certificates of deposits denominated in dollars.
The main index of the Damascus Securities Exchange declined again last month to close at 5,528.66.
Syrian banks are expanding again their branch network as they seek to capitalize on the improving security situation across the country.
The main index of Syria’s stock exchange remained unchanged last month as trading volumes declined significantly.
Remittances by Syrian expatriates during Ramadan increased markedly, a local media has reported.
The balance sheets and income statements of Syrian banks show an improvement in their performance last year.
The main index of the Syrian stock exchange fell for the third month in a row and for the fourth time in five months since the beginning of the year, highlighting investors’ lack of confidence over the economy.
Rami Makhlouf has reportedly obtained a license to open a microfinance bank in Syria.
Syria’s stock market index fell for the second month in a row as investors partly retreat from the market.
The latest political developments, perceived in Damascus as favourable to the Syrian regime, have helped shore up the value of the Syrian pound in the foreign exchange market.
The value of trading in the Damascus Securities Exchange declined during the first quarter of 2018 relatively to the previous quarter, while share prices remained mostly stable as investors seem to be in a wait-and-see mode.
Payment facilities and restrictive measures have ensured a sharp increase in the Large Taxpayers Unit of the Ministry of Finance last year.
The Syrian financial markets regulator has revoked the license of several investment banks, some of them regional institutions, which had already suspended their operations in Syria or never started them.
Syria’s main stock market index gained again last month amid rising trading volumes.


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