ASE down Tuesday on banks

Mubasher: The Amman Stock Exchange (ASE) ended Tuesday’s trading session losing 0.27% or 5.75% closing at the level of 2,125.6 points.

The main index was dragged down by clue chip bank stocks, as Arab Bank, Bank of Jordan, and Cairo Amman Bank lost 0.97%, 1.5%, and 0.52%.

All the sectors saw a decline today. The financial sector went down 0.42%, as International Cards was the session’s biggest loser and dropped 4.55%, while Ahli Bank grew 0.85% and was the most active in traded volume with 302,670 shares.

The industrial sector slipped 0.06%, as Universal Modern Industries, Jordan Steel fell 2.4% and 2.33% respectively.

The services sector levelled down 0.04%, as Zarka Education and Arab International Hotels was down by 2.9% and 1.56%.

Total traded volume declined to 6.3 million shares from 6.5 million on Monday. Total turnover also decreased to JOD 6.6 million compared to JOD 7.7 million last session.

Mubasher Contribution Time: 27-Sep-2016 13:53 (GMT)
Mubasher Last Update Time: 27-Sep-2016 13:53 (GMT)