Northern Levant

Atlas ASE Market Brief 21 June 2001
Preliminary figures for first quarter GDP growth have been released by the
Department of Statistics, showing real growth of 3.4%, which stands firmly
above nominal growth of 3.2%. A vibrant banking sector led the way in terms of activity with the Arab Bank (ARBK) slipping 5% to JD160, while Jordan National Bank (JONB) broke the JD1 barrier for the first time since October of last year to end at JD1.03.
Jordan: Sunday, June 24 - 2001 at 09:00

Atlas ASE Market Brief 14 June 2001
It's been a while since the ASE witnessed such high trading volumes with almost 8.5 million shares changing hands in deals worth more than JD17 million. Union Tobacco & Cigarettes (UTOB) was amongst the week's best performers; recording a 12% rise at JD7.6, after reaching a high of JD8.2.
Jordan: Tuesday, June 19 - 2001 at 09:00

Arab Bank deal fires the market
In an unprecedented JD16.7 million deal brokered solely by Atlas Investment Group, the Social Security Corporation on Sunday acquired 100,000 shares of market heavyweight Arab Bank from Kuwaiti investors. The Union Bank for Savings and Investment's AGM approved the company' s financials for 2000, reporting earnings of JD0.312 million compared to JD2.91 million in the previous year.
Jordan: Sunday, June 10 - 2001 at 09:00

Buy back prospects boost the market
The government is moving towards allowing public companies to buy back a limited portion of their outstanding shares - known as Treasury Stock. The pharmaceuticals sector got its shot in the arm with Dar Al Dawa for Development and Investment and Arab Pharmaceuticals gaining 6% and 3%, respectively.
Jordan: Sunday, June 10 - 2001 at 09:00

Arab Bank powers the market
The Atlas Market Index made moderate gains throughout the week, pushed by market heavyweight Arab Bank. In terms of trading activity, the market saw 5.3 million shares change hands in deals worth more than JD8 million, with ARBK, Jordan Steel and Zara Investments accounting for 64% of the value traded.
Jordan: Saturday, June 02 - 2001 at 09:00

Difficult week for stocks, Aqaba SEZ launch
Today marks the official inauguration of the Aqaba Special Economic Zone (SEZ) by HM King Abdullah II. The Al Quds Index retracted this week by 3.6%, to close at 171.25. Trading volume was relatively heavy, reaching JD 1.02 million,with moderate selling pressure on major stocks.
Jordan: Saturday, June 02 - 2001 at 09:00

Atlas ASE Market Brief 21 June 2001