ASE closes in red for the 5th week in a row
- Jordanian stocks continued to shed more points this week closing Thursday’s session at 2162.3 points, down by 1.05%, despite a 9.3% WoW increase in average daily trading values as more heavyweights traded ex-dividend during the week including Jordan Telecom (JTEL, -6.52%), Jordan Petroleum (JOPT, -7.08%), Cairo Amman Bank (CABK, -8.56%), Jordan Ahli Bank (AHLI, -3.97%), and Jordan Electric Power (JOEP, -2.62%).
- On the sectoral front, all sector indices closed the week in red except for the diversified financial services sector (+1.5%) with the services sector recording the biggest loss of 2.85% WTD.
- Arab Bank (ARBK), The Housing Bank (THBK) and Jordan Phosphate Mines (JOPH), helped partly offset broader market losses for the week after advancing by 1.0%, 1.35% and 12.2% respectively.
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