Amman: The Amman Stock Exchange (ASE) General Index experienced a 2.02 percent rise during the week of July 5-9, closing at 3883.9 points. This positive movement occurred despite a significant 21.6 percent drop in the weekly trading value compared to the previous week.
According to Jordan News Agency, all sector indices witnessed gains over the week. The industrial sector led the charge with an impressive 5.07 percent increase, while the services sector climbed by 2.83 percent, and the financial sector saw a modest rise of 0.67 percent. Despite the overall rise in the index, turnover fell to JD46.9 million from JD59.8 million in the previous week, with the average daily trading volume also decreasing to JD9.4 million from JD12 million. The number of shares traded was 20.2 million through a total of 17,875 transactions.
The financial sector maintained its dominance in the market, accounting for JD20.45 million, or 43.62 percent of the total trading. This was followed by the industrial sector, which contributed JD17.11 million or 36.49 percent, and the services sector, which accounted for JD9.32 million or about 19.88 percent of the trading value.
On the company level, 64 out of 126 companies saw an increase in share prices, while 38 experienced losses, and the remainder remained unchanged. Specialized Jordanian Investment emerged as the top gainer with a 13.33 percent increase, followed by National Aluminium Industrial Company at 13.04 percent, Arab Phoenix Holdings at 10.14 percent, Safwa Islamic Bank at 9.24 percent, and Jordan Insurance at 9.20 percent.
Conversely, Amwaj Properties led the decliners with a 13.64 percent drop in share price. Other notable losers included Arab Development for Trade and International Investments, which fell by 5.26 percent, Jordan Poultry Processing and Marketing Co. PLC down by 5.00 percent, Saba Energy down by 4.98 percent, and Jordan Decapolis Properties, which saw a 4.88 percent decline.