National Insurance Company Sees Significant Price Increase on Damascus Securities Exchange

Strategic Insights -

The National Insurance Company (NIC) saw a 3.3% price increase on the Damascus Securities Exchange (DSE) on June 16, 2025, with the average price rising to 8,310.95. The trading session was characterized by robust investor confidence and heightened trading activity, with the highest price reaching 8,446.00 and the lowest recorded at 7,644.00.

Key Takeaways:

  • The National Insurance Company (NIC) experienced a significant price increase of 3.3% on the Damascus Securities Exchange (DSE) on June 16, 2025.
  • The average price of NIC rose to 8,310.95, with a reference price set at 8,045.30.
  • The trading session saw substantial traded volumes, with 502 shares traded and a traded value of 4.17 million across four distinct trades.
  • The bid and ask volumes were recorded at 416 and 132, respectively, with a bid to ask ratio of 3.15.
  • The support and resistance levels were identified at 7,823.53 and 8,288.53, respectively, indicating potential future movements in the stock price.
  • The trading session dynamics suggest optimistic investor sentiment, with stakeholders likely to keep a close watch on upcoming sessions for further developments.
  • NIC's performance on the DSE is characterized by investor confidence and market interest, with the company's stock price showing robust movement.

Statistics:

  • Traded volume: 502 shares
  • Traded value: 4.17 million
  • Average price: 8,310.95
  • Highest price: 8,446.00
  • Lowest price: 7,644.00
  • Bid volume: 416
  • Ask volume: 132
  • Bid to ask ratio: 3.15
  • Support level: 7,823.53
  • Resistance level: 8,288.53

Sources:

  • Damascus Securities Exchange (DSE)