Damascus Stock Exchange Records Sharp Increase in Trading Value Despite Decline in Bank Prices

The Damascus Securities Exchange recorded a significant increase in total trading value today, Wednesday, reaching 1.770 billion Syrian pounds, compared to approximately 624 million Syrian pounds in yesterday's session.

According to the daily bulletin issued by the market, 374 transactions were executed, trading 681,823 shares.

The session saw an increase in the prices of several prominent stocks. The share of Qatar National Bank - Syria rose by 3.12% to close at 3403 pounds, achieving one of the largest trading volumes at 136.98 shares. The share of Syria and Overseas Bank increased by 0.04% to close at 1475 pounds, while the share of the International Bank for Trade and Finance rose by 0.23% to reach a price of 5048 pounds.

On the other hand, bank sector prices generally declined, with Banque Bemo Saudi Fransi leading the declines at 4.99% to close at 1930 pounds. The share of Baraka Bank - Syria recorded a decrease of 4.80% to close at 1972 pounds.

Several companies' shares did not see any trading activity during the session, including: Cham Bank, Syria International Islamic Bank, Jordan Bank - Syria, Fransabank - Syria, Syria and Gulf Bank, Syrian National Insurance Company, United Group for Publishing, and MTN Syria, in addition to other companies that maintained their previous closing prices without activity.

A massive investment transaction contributed to pushing the trading value higher, as a single transaction was executed with a volume of 100,000 shares worth 329 million and 500 thousand Syrian pounds.

It is noted that yesterday's session, Monday, closed with a total trading value of approximately 624 million Syrian pounds, distributed over 234,629 shares through 225 transactions, according to the same daily bulletin.