The volume of trading in the Damascus Securities Exchange more than 7 times during the third quarter of 2019, compared to the same period last year, as 50 million shares were traded during the third quarter of this year, compared to about 6.7 million in the third quarter of 2008. According to the trading report, the trading value reached about 15 billion Syrian pounds distributed on 4494 transactions, during the third quarter of 2019, compared with 5 billion pounds distributed on 5774 transactions. The index closed at the end of September at 5668.25 points, down by 290 points, or 4.86 percent from the end of June. The index of blue-chip stocks weighed on the free shares at the end of September at 907.07 points, down by 130 points, or 12.56 percent compared to the level of the end of June. A source at the Damascus Securities Exchange said that the reasons for the decline in the stock exchange index are due to the effects of exchange rate fluctuations during the third quarter of this year, as the economic conditions experienced by the country also had an impact, in addition to inviting listed companies to submit disclosures for the third quarter of this year. 2019, in this period there is a weak demand for trading awaiting the results of disclosures of companies, expected to see the fourth quarter of this year to improve the values and index of the stock market with the emergence of signs of improvement of the economic situation and stability in the exchange rate. Source: Al Watan Newspaper
The volume of trading in the Damascus Securities Exchange more than 7 times during the third quarter of 2019, compared to the same period last year, as 50 million shares were traded during the third quarter of this year, compared to about 6.7 million in the third quarter of 2008.
According to the trading report, the trading value reached about 15 billion Syrian pounds distributed on 4494 transactions, during the third quarter of 2019, compared with 5 billion pounds distributed on 5774 transactions.
The index closed at the end of September at 5668.25 points, down by 290 points, or 4.86 percent from the end of June.
The index of blue-chip stocks weighed on the free shares at the end of September at 907.07 points, down by 130 points, or 12.56 percent compared to the level of the end of June.
A source at the Damascus Securities Exchange said that the reasons for the decline in the stock exchange index are due to the effects of exchange rate fluctuations during the third quarter of this year, as the economic conditions experienced by the country also had an impact, in addition to inviting listed companies to submit disclosures for the third quarter of this year. 2019, in this period there is a weak demand for trading awaiting the results of disclosures of companies, expected to see the fourth quarter of this year to improve the values and index of the stock market with the emergence of signs of improvement of the economic situation and stability in the exchange rate.
Source: Al Watan Newspaper