Significant Decline in National Islamic Bank Shares on Damascus Securities Exchange

Strategic Insights -

On August 17, 2025, National Islamic Bank (NIB) shares on the Damascus Securities Exchange (DSE) experienced a considerable decrease in value, classified as a very large or significant move. The trading day began with an initial price of 4,544.00, reaching a peak at 5,022.00 and a low at 4,544.00, with the reference price for NIB set at 4,783.00 and the day's trading concluding with a closing price of 4,661.47. The traded volume for the day was 182,618 shares, with a traded value of 851.27 million in 112 executed trades.

Key Takeaways:

  • The reference price for National Islamic Bank (NIB) shares was set at 4,783.00 on August 17, 2025.
  • The day's trading concluded with a closing price of 4,661.47, resulting from a considerable decrease in value.
  • The trading session opened with an initial price of 4,544.00, reaching a peak at 5,022.00 and a low at 4,544.00.
  • The market support level stood at 4,866.67, and the resistance level was observed at 4,950.33.
  • The designated market category for NIB is "Security".
  • The traded volume for the day was 182,618 shares, with a traded value of 851.27 million in 112 executed trades.
  • The significant decline in the share price reflects the day's market dynamics.

Statistics:

  • Reference price for NIB: 4,783.00
  • Closing price on August 17, 2025: 4,661.47
  • Initial trading price: 4,544.00
  • Peak price: 5,022.00
  • Low price: 4,544.00
  • Market support level: 4,866.67
  • Resistance level: 4,950.33
  • Traded volume on August 17, 2025: 182,618 shares
  • Traded value on August 17, 2025: 851.27 million

Sources:

  • Damascus Securities Exchange (DSE), August 17, 2025. (n.d.). Retrieved from [Damascus Securities Exchange]