National Islamic Bank Experiences Significant Stock Price Increase on Damascus Securities Exchange

Strategic Insights -

The National Islamic Bank experienced a significant move in its stock price on the Damascus Securities Exchange, with the stock price increasing from a reference price of 6,692.00 to a closing price of 7,026.00 on July 8, 2025. The average trading price for the day was also 7,026.00, with a traded volume of 45,512 shares and a traded value of 319.77 million. The strong buying interest was indicated by the bid volume surpassing the ask volume, with a high bid price of 7,026.00 and a high bid volume of 43,866 shares.

Key Takeaways:

  • The National Islamic Bank's stock price experienced a significant increase on the Damascus Securities Exchange, with a closing price of 7,026.00 on July 8, 2025.
  • The reference price of the bank's stock was 6,692.00, while the average trading price for the day was 7,026.00.
  • The traded volume for the day was 45,512 shares, with a traded value of 319.77 million.
  • The number of trades executed for the day was 37, with a high bid price of 7,026.00 and a high bid volume of 43,866 shares.
  • The strong buying interest was indicated by the bid volume surpassing the ask volume, with a low ask volume of 49,217 shares.
  • The stock's support and resistance levels aligned with its reference price at 6,692.00.
  • The National Islamic Bank's performance highlighted a buoyant trading session on the Damascus Securities Exchange.

Statistics:

  • Closing stock price: 7,026.00
  • Reference price: 6,692.00
  • Average trading price: 7,026.00
  • Traded volume: 45,512 shares
  • Traded value: 319.77 million
  • Number of trades: 37
  • High bid price: 7,026.00
  • High bid volume: 43,866 shares
  • Low ask volume: 49,217 shares

Sources:

  • Damascus Securities Exchange (DSE)
  • National Islamic Bank (NIB)