Northern Levant
Booming Banks
- Better than expected semi annual results for a number of companies fueled volumes throughout the week. Daily value traded remained well above the JD2 million mark without the help of bloc deals as general prices rose at the beginning of the week, before cooling down as the weekend approached.
- Jordan: Monday, August 20 - 2001 at 09:00
All Aboard
- In line with the exuberance shown throughout the past few weeks, this week was no exception. With close to 10 million shares traded, the AMI ended the week slightly upwards.Healthy trading activity pushed value traded to the range of JD17 million as investors lined up to ride the shooting stocks
- Jordan: Tuesday, August 14 - 2001 at 09:00
Four, Three, Two...
- Jordan is one step closer in finalizing a landmark free trade agreement with the US, which was signed just under one year ago with the Clinton Administration. On the market, the AMI barely inched upwards closing at 94.05 after a mixed week between positive and negative territor.
- Jordan: Tuesday, August 07 - 2001 at 09:00
Booming Banks
- Jordan's largest institutional investor, the Social Security Corporation (SSC), has acquired Kuwait Investment Authority (KIA)'s 400,000 shares in the Arab Bank (ARBK). The deal, which was executed on Monday at a price of JD170.75, is the largest single trade executed on the bourse in history.
- Jordan: Sunday, July 29 - 2001 at 09:00
52-Week Highs..and Lows!
- Liquidity at the ASE dried up as investors took a precautionary attitude ahead of mid-year result announcements, due to be completed (according to law only!!) by the end of July. Around 7 million shares changed hands in deals worth around JD6.1 million. The AMI slipped throughout the week by almost 1%, while the number of advancers was almost in parity with that of decliners.
- Jordan: Monday, July 23 - 2001 at 09:00
Atlas ASE Market Brief 12 July 2001
- The Atlas Market Index (AMI) closed slightly higher only after a falling
week, while investors preferred to adopt a (wait and see) approach as
companies are getting ready to release their performance reports for the
first half of the year. Unlike previous weeks, trading activity was lower
as a mere 4.6 million shares changed hands in deals around JD6.5 million.
The government has finally taken action on an IMF sponsored hike in fuel
prices. The increase, which covered only a few basic fuel products, ranged between 4% and 15%. - Jordan: Sunday, July 15 - 2001 at 09:00
Atlas ASE Market Brief 5 July 2001
- Yet another busy week on the stock exchange in Amman, as more than 6 million shares flushed the market in deals worth almost JD13 million.
Perennial favorite, Arab Bank (ARBK), still managed to hold on to earlier
gains it achieved in the previous weeks. - Jordan: Thursday, July 05 - 2001 at 09:00
Atlas ASE Market Brief June 28
- The market was very active this week with the AMI closing at 92.31 oints, a 2.18 point rise from last week. Market heavyweight, Arab Bank (ARBK), closed 4.38% higher with deals worth JD7.8 million, thereby capturing around 46.2% of the value traded for the week.
- Jordan: Monday, July 02 - 2001 at 09:00
Web Feeds