Jordan Times
Sunday, November 20, 2005
Amman Stock Exchange
AMMAN — The Amman Stock Exchange (ASE)
successfully absorbed the effects of last week's terrorist attacks, regaining
levels above the 9000-point barrier. The index increased 1.40 per cent finish
the week at 9240.6 points. The market capitalisation stood at JD29.3 billion
The average trading volume dropped by 11.6 per cent to JD112.730 million. A
JD204,000 block deal was executed on 30,000 shares of Salam International
Transport and Trading.
Overall, advancers outnumbered decliners as 70 companies out of 149 advanced,
while 63 companies declined.
The banking index rose 1.67 per cent during the week to close at 19367.6 points.
The Housing Bank for Trade and Finance led the sector in terms of percentage
increase in share price which gained 10.03 per cent to close at JD21.51.
Arabian Seas Insurance reported JD465,000 in net income for the first three
quarters of the year. The company's share price advanced considerably during the
week and closed at JD3.15, a 21.2 per cent increase.
The Jordan Securities Commission approved JD80 million increase in the paid- up
of United Arab Investors through a private placement at par value. The company's
share price went up by 2.36 per cent to close at JD17.80. International
Brokerage and Financial Markets announced the commencement of its JD15 million
private placement at par which was to begin last Tuesday.
Jordanian Real Estate Company for Development is completing requirements for
listing its 15 million shares on the ASE. The company's board of directors has
also decided to increase its paid up capital to JD30 million in efforts to
expand and diversity its real estate investment base.
Jordan Phosphate Mines' share price increased by 3.44 per cent to close at
JD4.51.