UFICO

Last updated : 22-08-2010

Close ASE 65pts 'up' at 4,944

2010-08-22: ASE Year-To-Date -10.44%

The ASE General Index closed 'up' by 65pts at 4,944 driven mainly by a bounce in the bank index which ticked up 2.80% to close at 8,692.

Other ASE sector indicies showed mixed posotive performance with the services index closing down 0.73% at 1,526, the industrial index closing down 0.13% at 3,843, and the insurance index closing up 0.08% at 2,466.

The market recorded weak trading value of JD 23,510,414 for the day with a total of 23,512,844 shares which exchanged hands through 5,598 trading contracts. The services sector comprised 83% of the total trading value to reach JD 19,544,444.

In a broader view, the advancing/declining ratio stood at 1.80 with 81 issues saw an increase in thier stock price compared with 45 declining issues, while 24 issues closed unchanged.

The total traded value in Jordanian Dinars increased today by JD 1,135,716 to reach a total of JD 23,510,414 compared with JD 22,374,698 .

Currently, the ASE General Index is down by -10.44% since the beginning of this year.

Today's Highlights

Last updated : 22-08-2010

Amwal Invest (AMWL: 0.51, 0.01) led the market in terms of shares turnover with 5,778,542 shares traded. Other active issues of the day include Al Ahlia Enterprises (ABLA: 2.15, -0.01), Al-tajamouat For Touristic Projects (MERM: 0.64, 0.03), Middle East Complex For Eng., Electronics & Heavy Industries (MECE: 0.37, 0.01), Sura Development & Investment (SURA: 0.62, 0.02).

Jordan Vegetable Oil Industries (JVOI: 1.47, 0.07) was the market top gainer of the day which its stock price jumped 5.00% to close at JD 1.47. Other top gainers include Jordan Ceramic Industries (JOCF: 0.85, 0.04), Darkom Investment (DRKM: 0.64, 0.03), Al-tajamouat For Touristic Projects (MERM: 0.64, 0.03), Offtec Holding Group (BDIN: 0.44, 0.02).

In contrast, The Investors And Eastern Arab For Industrial And Real Estate Investments (IEAI: 0.38, -0.02) was the market top loser of the day as the stock price fell by -5.00% to close at JD 0.38. Other top loser include Jordan Dubai Properties (REIN: 0.77, -0.04), Middle East Pharma. & Chmical Ind. & Medical Appliances (MPHA: 3.30, -0.17), Jordan Poultry Processing & Marketing (JPPC: 0.39, -0.02), Jordan Emirates Insurance (OASI: 0.59, -0.03).

Specialized Jordanian Investment (SIJC: 6.25, 0.08) is being watched closely by investors after hitting a new 52-week-high price to close at 6.25. Similar issues include Nopar For Trading And Investment (NOTI: 1.88, 0.04), Al-fatihoun Al-arab For Industry & Trade (FATI: 1.38, 0.06).

In contrast, Jordan Emirates Insurance (OASI: 0.59, -0.03) broke its new 52-week-low price to close at 0.59, adding another possible selling pressure on the stock. Similar issues include The Investors And Eastern Arab For Industrial And Real Estate Investments (IEAI: 0.38, -0.02), Arab Electrical Industries (AEIN: 0.53, -0.02).