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ASE continues to drop, pressured by all sectors

ASE continues to drop, pressured by all sectors
Photo Credit: Arabianeye-Reuters


Cairo-Mubasher: The benchmark index of the Amman Stock Exchange (ASE) closed in the red on Sunday, pressured by profit-taking. 

The benchmark index inched down 0.05% or 1.10 points to end today’s session at 2194.30 points.

Moreover, trading volume reached 10.8 million shares, at a turnover of JOD 12.49 million, traded through 3019 transactions.

The service index fell 0.23% as Jordan Telecom, Jordan Petroleum Refinery Company declined 1.49% and 0.80% respectively.

Furthermore, the financial index lost 0.07%, affected by Cairo Amman Bank and Bank of Jordan that registered a decrease by 1.21%and 0.35% respectively. However, the index’s losses were trimmed by Arab Bank that added 0.58%.

The industrial index retreated by 0.05%, pressured by Arab Potash Co, Universal Modern Industries, and Dar Al Dawa Development and Investment that lost 0.83%, 0.72% and 0.33% respectively.

It is worth highlighting that ASE index declined 0.45% to 2195.46 points on Thursday. 
 

Meanwhile, the index rose by 1.19% to 2195.5 points by the end of February.