Mubasher: Amman Stock Exchange (ASE) halted an 11-day rally on profit-taking.
The benchmark fell 0.33% or 5.01 points to close Wednesday at the 2,082.05 level.
The index hit its technical resistance near 2,083 points, said technical analyst Mohannad Uraiqat, adding that the gauge will continue moving in a downward trend unless it breaks this resistance.
He expected the index to cross this barrier on Thursday, stating that if the index continues closing below this level, it will see a correction wave.
Traded value declined from JOD 6.7 million to JOD 6.3 million, while traded volume fell to 5.5 million shares, exchanged through 3,650 transactions.
Sectors declined across the board, led by the industrial which dropped 0.72%, followed by the financial sector which slid 0.2%.
Rounding up stocks, losers eclipsed gainers 49 to 40. Jordan Hotels was the major disappointment, tumbling 7.39% to JOD 4.01. Meanwhile, Resources Development led the way in gains, rocketing 9.09% to JOD 0.12.
Translated by Abdul Maguid Aboshahla
