Northern Levant

Investing in Results
The Amman Stock Exchange (ASE) was swooshed off the ground this week, giving itself a little relaxing break halfway through, as strong trading kept most market participants well occupied. All in all, 22 million shares, worth JD48 million, changed hands as most blue chips advanced.
Jordan: Sunday, August 31 - 2003 at 11:43

Minute-Made Gains
Investors continued to bank on gains they received from profit taking activity throughout the week, thus ensuring high turnover for many stocks. Although principal companies have shown an average growth rate of approximately 30% in their semi-annual net incomes, some of the major players in the market have yet to post their financials.
Jordan: Sunday, August 24 - 2003 at 10:58

Seven-Week Itch
Investors, after getting the chance to absorb this year's relatively mundane mid-year results, resorted to profit taking, thus leading stocks through an uneasy ride. Consequently, both the AMI and ASMI retracted by 0.59% and 1.20%, respectively as more than 26 million shares changed hands in deals worth JD48 million.
Jordan: Sunday, August 17 - 2003 at 14:19

Eager Anticipation
Healthy volumes were the order of the day as semi-annual results continued to answer many anticipant investors' questions. Meanwhile, market participants were given another encouraging sign as Jordan hosted a conference aimed at briefing bidders about the tender regarding the reconstruction of the Iraqi telecommunications sector. This helped push the AMI forward to 167.10 as advancers outnumbered decliners three to two.
Jordan: Sunday, August 10 - 2003 at 09:51

Mixed Bag of Earnings
Impatient investors succumbed to the temptation of cashing in early, but were soon swayed by the influx of mid-year results. Consequently, the market turned around mid-week, causing prices to pick up again, hauling the ASMI to a new high of 225.70.
Jordan: Sunday, August 03 - 2003 at 11:37

Mid-Year Results Critical
The Amman Stock Exchange (ASE) started off with soft movements keeping many stocks lulling at the previous week's positions. However, matters turned round on Tuesday as semi-annual results announcements began to seep through in local papers. This helped the market obtain the boost it required allowing the AMI and ASMI to rise by 2.25% and 4.60%, respectively.
Jordan: Sunday, July 27 - 2003 at 11:27

Revaluation
The market came under pressure this week as profit taking pushed prices down. Many investors are still awaiting mid-year results but are now more conservative in their forecasts.
Jordan: Sunday, July 20 - 2003 at 11:34

Exuberance
The Amman Stock Exchange (ASE) took a roller coaster ride this week, as a run of zealous trading caused the exchange to witness a record daily trading value of JD18.35 million on Sunday.
Jordan: Sunday, July 13 - 2003 at 11:26