ASE declines by 23.6 percent
The trading value on the Amman Stock Exchange declined by 23.6 percent in the first eight months of this year compared to the same period of 1999, the ASE's monthly bulletin showed on Saturday.
The bulletin indicated that trade volume amounted to JD215.4 million by the end of August compared to JD282.2 million in the corresponding period of last year.
The bulletin, which was made available to the Jordan Times, showed that general price index declined by 3.2 percent in August, down to 134.5 percent, compared to July figures.
It also showed that the bourse's daily average value in August amounted to JD1 million compared to JD800,000 in the previous month.
The bulletin indicated that net investments by non-Jordanians during this year amounted to JD5.8 million compared to JD10 million in the same period of 1999.
By the end of August, shares owned by non-Jordanians amounted to 41.9 percent of ASE capitalization, of which 36 percent is owned by Arab investors while the remaining 5.9 percent is controlled by non-Arab investors, the bulletin indicated. — (Jordan Times)
By Tareq Ayyoub
© 2000 Mena Report (www.menareport.com)