Wednesday, 7 August 2013

Taking stock of mixed fortunes for Middle East bourses - The National

Taking stock of mixed fortunes for Middle East bourses - The National:

"Damascus Securities Exchange

Syria's bourse was the best performing Arab stock market in the second quarter.

The market's performance was largely attributable to a plummeting currency that has forced investors to pile their money into stocks as a hedge.

The drop in the Syrian pound, the world's steepest currency decline this year, has prompted Syrians to look for alternative methods to maintain the value of their assets amid restrictions on foreign currency and remittances abroad.

The Damascus Securities Exchange General Index has risen 44.7 per cent in the second quarter."

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