Amman Stock Exchange Records Lower Weekly Trading Volume, Benchmark Index Declines

Amman Stock Exchange Records Lower Weekly Trading Volume, Benchmark Index Declines
Amman Stock Exchange Records Lower Weekly Trading Volume, Benchmark Index Declines
The Amman Stock Exchange (ASE) recorded a decline in both weekly trading volume and its benchmark index during the trading week from June 28 to July 2.اضافة اعلان

The average daily trading value stood at JD 12.0 million, down 4.5% from JD 12.5 million in the previous week. Total trading value reached JD 59.8 million, compared with JD 62.6 million a week earlier.

A total of 23.8 million shares were traded through 20,197 transactions during the week.

The industrial sector accounted for the largest share of trading activity, with JD 26.00 million, representing 43.49% of total trading volume. The financial sector ranked second with JD 21.52 million (35.99%), followed by the services sector with JD 12.27 million (20.52%).

The ASE General Share Price Index closed the week at 3,806.9 points, down from 3,865.7 points the previous week, marking a 1.52% decline.

Sector performance was mixed. The industrial index posted the largest decline, falling 5.84%, while the financial index dropped 1.02%. The services index was the only sector to record gains, rising 0.38%.

Of the 126 listed companies whose shares traded during the week, 40 recorded gains in their share prices, while 61 posted declines.

The week’s top five gainers were:

* Al-Mutasader for Business and Projects, up 20.96%
* Jordan Specialized Investments, up 13.92%
* Jordan Masaken for Land and Industrial Projects Development, up 12.90%
* Jordan Insurance, up 10.88%
* Arab Investors Union for Real Estate Development, up 10.64%

The five biggest losers were:

* Northern Cement, down 10.65%
* Jordan Phosphate Mines, down 8.76%
* Afaq Holding for Investment and Real Estate Development, down 6.67%
* Al-Manara Islamic Insurance, down 6.06%
* Al-Kafa’a Real Estate Investments, down 5.56%