May 19, 2024

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Amman stock market posts some gains

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Amman Stock Exchange (ASE)
Amman Stock Exchange (ASE)

Benchmark of Amman Stock Exchange (ASE) gained 11 points in the past week trading, buoyed by positive operations that have continued for the third consecutive week.
According to the ASE weekly report, the main index rose upon closing in this week’s sessions to 2,164.1 points, compared to 2,153.1 the previous week.
Main index of the financial sector dropped 0.12 percent, that of the services 2.4 percent while the index of industries also decreased, by 0.49 percent.
Daily turnover fell to USD 11.4 million from USD 12.5 million the week before — with a drop of 8.6 percent.
The week’s total trade amounted to USD 57.4 million, as compared to USD 62.9 million the previous week. Number of traded shares amounted to 40.3 million, done in 18,651 deals.
As to sectors’ contribution to the trading volume, the financial sector ranked top, 59.3 percent, followed by services, 26.2 percent. Third came industries, 14.5 percent.
Comparing closing prices of the trading companies’ stocks, totaling 174, with the previous closures, figures showed that 84 ones posted drop of share prices, while those of 50 others rose.

Source : KUNA Kuwait News agency

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