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May 22 2022 4:29 PM ˚
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ASE closes with slight decline

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(Photo: Pixabay)
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AMMAN — The Amman Stock Exchange (ASE) closed Tuesday’s trading session with a slight drop in the general price index of listed shares, with the decline amounting to 0.28 percent, closing at 1,794.61 points.اضافة اعلان

Tuesday’s decline follows Sunday’s closing on the highest index for a year, pushed by a rise in blue-chip shares. The session was characterized by relatively slow trading, with the total trading volume standing at JD6.2 million, where 6.5 million shares were traded through 3,215 transactions.

Companies whose share price saw a rise on Tuesday, compared to the previous day, amounted to 29 out of 93 traded companies, while those whose share price dropped stood at 31.

On the level of sectors, the index of the service sector dropped by 0.76 percent, while those of the financial and industrial sectors dropped by 0.16 percent each.

Regarding subsectors, the indices that increased are the garment, leather and textile sector (3.40 percent), the tobacco and cigarettes sector (1.99 percent), electronic industries (1.08 percent), food and beverages (0.57 percent), commercial services (0.53 percent), insurance (0.33 percent), real estate (0.08 percent), and the pharmaceuticals and medical industries (0.08 percent).

Meanwhile, sectors whose indices declined included the utilities and energy, chemical industries, technology and communication, diversified financial services, hotels and tourism, engineering and construction, banks, transportation, mining and extraction industries sectors decreased by 1.51 percent, 0.70 percent, 0.54 percent, 0.49 percent, 0.48 percent, 0.28 percent, 0.19 percent, 0.09 percent, and 0.08 percent respectively.

The companies whose shares gained the most were the Amwaj Properties by 7.69 percent, Assas For Concrete Products Co. Ltd by 5 percent, Arab Aluminium Industry by 4.84 percent, Jordan Poultry Processing & Marketing by 4.79 percent, and Kafa’a For Financial & Economical Investments PLC by 4.76 percent.

On the losing side, the companies whose shares dropped the most were Al-Sharq Investments Projects Holding by 4.85 percent, Shira Real Estate Development & Investments by 4.71 percent, Arab East Investment by 4.69 percent, Arabian Steel Pipes Manufacturing by 4.41 percent, and Ihdathiat Co-ordinates by 3.85 percent.