AMMAN — Mazen Wathaifi, the CEO of the
Amman Stock Exchange (ASE), stated on Saturday that the market is suffering from a
liquidity shortage due to rising interest rates. He indicated that investors
"prefer" to
deposit their funds in banks rather than in the stock
exchange.
اضافة اعلان
During a dialogue session about
ASE at the 8th Conference for Jordanian
Businessmen and Investors Abroad, Wathaifi mentioned that company profits have "declined" in
the first half of the current year compared to the same period last year, Ammon
News reported.
Financial data from listed companies, observed
by the
Amman Stock Exchange earlier, showed a net after-tax profit of
approximately JD1.071 billion in the first half of the current year, compared
to JD1.27 billion in the same period last year, marking a decrease of 15.7
percent.
Wathaifi also called for abolishing fees
imposed on
stock trading operations and for including government-owned
companies in the exchange. He noted that there is an intention to reconsider
taxes imposed on investment funds.
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