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The ASE sheds 9 points for the week as banks and industrials weigh
- Jordanian stocks lost 9 points or 0.44% last week amid lower volumes with the general index closing Thursday’s session at 2219.1 points.
- On the sectoral front, all sector indices closed the week in red except for the diversified financials and services sectors with the industrial sector recording the biggest loss of 2.03% WTD.
- Heavyweights Arab Potash (APOT) (-8.8%) and Al-Eqbal Investment Company (EICO) (-4.2%) weighed on the industrial sector during the week.
- Banking blue-chip, Bank of Jordan (BOJX), also contributed to market losses after falling by 7.9% for the week after passing its ex-dividend date.
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