Stock market maintains uptrend, rises by 1.31%

Al-Hassa Mine
Al-Hassa Mine (Photo: Jordan Phosphates Mines Company)
AMMAN — The Amman Stock Exchange (ASE) index continued to rise for the second day in a row, by 1.31 percent, boosted by hikes in the prices of blue chips, to close at 2,067.06 points.اضافة اعلان

The share of the Arab Bank hit the mandatory upper limit, reaching JD5.02 per share, as did the share of the Jordan Phosphate Mines Company, closing at JD15.57 per share.

Wednesday's total trading volume reached about JD11 million, while the number of traded shares was 8.3 million, executed through 4,575 transactions.

By comparing the closing prices of the 102 companies traded during the session with their previous closings, 45 companies showed an increase in their share prices, and the share prices of 21 companies dropped.

At the sectoral level, the industrial sector index went up by 2.01 percent, the financial sector by 1.49 percent, and the services sector by 0.08 percent.

Statistics issued by the ASE also showed that the value of shares purchased by non-Jordanian investors in May amounted to JD33.1 million, accounting for 15.6 percent of the total trading volume during the said month. Meanwhile, the value of shares sold by non-Jordanians in the same period was JD35.8 million. Thus, the value of non-Jordanian net investments during the month of May 2021 reached negative JD2.7 million, compared to negative JD8 million for the same month of 2020.

The percentage of non-Jordanian investors’ stake in the companies listed on the stock exchange at the end of May 2021 was about 51.2 percent of the total market value, with the Arabs’ stakes constituting 32.8 percent, and the non-Arabs’ 18.4 percent of the total market value.

As for the sectoral aspect, non-Jordanians stakes in the financial sector were valued at 53.6 percent of the sector market value while the ratio was, 21.3 percent in the services sector, and 60.5 percent of the total value of the industrial sector.

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