Camp David peace talks leave mark on Amman Financial Market
(MEBG) – Political uncertainty over the outcome of Middle East peace talks, underway at Camp David in the United States, have led to losses on the Amman Financial Market, dealers said on Tuesday.
The Amman Stock Exchange (ASE) index lost 0.65 percent to close at 138.71 points. It is the second time this week that the index fell below the psycological barrier of 140 points.
It seems that investors are currently awaiting results of the Camp David Summit, worried that collapse of Palestinian-Israeli peace talks might endanger regional stability
The fall 1.80 dinars in the Arab Bank share price, which alone accounts for more than 40 percent of the total market, heavily affected the index. The bank share closed at 162.30 dinars with a turnover of around 750,000 dinars.
The rarely traded Specialised Investment Jordan rose 0.03 dinar in one transaction worth around 45,000 dinars.
The share price of Mediterranean Tourism, a tourism investment firm, was unchanged at 0.93 dinars, in one order worth around 23,000 dinars.
Overall losers passed gainers by 25 to 11 with the price of 22 shares unchanged.