ASE down Wednesday on blue-chip bank stocks

Mubasher: The Amman Stock Exchange (ASE) ended Wednesday’s trading losing 0.2% or 4.16 points, closing at the level of 2,076.83 points.

The main index was dragged down by the declining blue chips, as Arab Bank declined 0.16% and registered the highest traded value at JOD 265,520, while Bank of Jordan, Jordan Islamic Bank, Jordan Kuwait Bank, and Arab Jordan Investment Bank (AJIB) lost 0.42%, 1.62%, 0.55%, and 1.21% respectively.

This led to the decline in the banking sector, which slipped 0.35%, despite International Cards leading today’s gainers with 4.76%, and Al Amal Financial Investment being the most active in traded volume with 180,950 shares.

The services sector slipped 0.18%, as Jordan Press, Philadelphia Int'l Educational dropped 4.44% and 3.29%, while Jopetrol levelled up 0.58%.

Only the industrial sector rose today, adding 0.27%, as Dar Al Dawa and Al Eqbal decreased 0.9% and 0.78% respectively, despite El Arabeya for Aluminum being the session’s biggest loser with 5.55%.

Total traded volume increased today to 7.4 million shares from 5.5 million shares in the last session, total turnover also grew to JOD 9.2 million compared to JOD 6.2 million on Tuesday.

Mubasher Contribution Time: 31-Aug-2016 14:21 (GMT)
Mubasher Last Update Time: 31-Aug-2016 14:21 (GMT)