ASE closes Monday in red

Mubasher: The Amman Stock Exchange (ASE) ended Monday’s trading session in the red zone, as the main index lost 0.27% or 5.9 points and closed at the level of 2,178.69 points.

On the first session after the Christmas holiday the main index was dragged down by blue chips stocks, especially banks, as Arab Bank, Bank of Jordan, and Cairo Amman Bank went down by 1.12%, 0.34%, and 1.06% respectively, the three stocks combined account for around 22% of the main index weight.

The financial sector went down by 0.35% despite that Al Amal investments gained 1.42% and was the most active in traded volumes with 370,240 shares.

The services sector decreased by 0.34%, as Orange led the session’s gainers and dropped 4.44%, while Jopetrol helped offset the sector index’s losses as it added 0.28% and registered the highest turnover at JOD 660,300.

On the other hand, the industrial sector edged up 0.13%, as Arab Aluminium was today’s biggest gainer and grew 1.53%, while Al Eqbal and Union Tobacco gained 1.21% and 0.99% respectively.

Traded volumes increased to 12.9 million shares compared to 5.4 million shares on Thursday, while traded values reached JOD 18.5 million up from JOD 7.3 million.

Mubasher Contribution Time: 26-Dec-2016 13:39 (GMT)
Mubasher Last Update Time: 26-Dec-2016 13:39 (GMT)