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Jordanian stocks fall for 2nd week
- The ASE General Index continued to shed more points this week amid depressed volumes as financials continued to weigh on the market. Cairo Amman Bank (CABK, -6.06%), Bank of Jordan (BOJX, -1.81%), and The Housing Bank for Trade & Finance (THBK, -1.65%) were among the biggest losers in the banking sector. On the other hand, Arab Bank (ARBK) shares helped partly offset broader market losses after advancing by 1.02% during the week. The general index closed the week at 2156.8 points, down by 7.4 points or 0.34% WoW.
- On the sectoral front, all sector indices closed the week in red except for the real estate (+1.18%) and industrial (+0.39%) sectors with the banking sector recording the biggest loss of 0.7% for week.
- Jordanians were net sellers while Arabs and foreigners were net buyers.
- Institutions were net buyers while retail investors were net sellers.
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