Amman Stock Exchange bearish upon week closing

Benchmark of Amman Stock Exchange (ASE) shed 17 points in the past week trading and the average daily trading dropped 16.8 percent. The ASE weekly figures showed that the main index of the Jordanian stock market closed at 2,198 points, compared to 2,215.8 points of the previous week, losing 17 points - 0.8 percent. Index of the financial sector fell 0.47 percent, that of the services, 0.62 percent, and that of the industries, 0.81 percent. Average daily trading amounted to USD 18 million, in contrast to USD 21.7 million of the week before. Average weekly trading, during the same period, amounted to USD 90.6 million, in contrast to USD 109 million of the week before. Number of exchanged stocks amounted to 110 million, traded in 34,148 transactions. As to the proportion of the sectors' contribution to the volume of the trading, the financial sector came first, 75.3 percent, as compared to the overall volume of trade, followed by the services, 13.7 percent, and finally came the industries, 11 percent. Comparing the closing stock prices of the trading companies of the week with the closing of the week before, the figures showed that up to 78 companies of the 184 listed firms posted hike of the stock prices, while those of 84 others dropped.