As 2006 turned its last few pages, the Amman Stock Exchange (ASE) closed the
eventful year with a positive final 3-day-week. Although, overall, the capital
market witnessed significant losses throughout the year, the general index gained
2.93% during its last trading session to end the year at 5518.09 points, increasing
3% over the week, yet decreasing 32.36% Year-on-Year (Y-o-Y). Similarly, the Atlas
Market Index (AMI) and Atlas Smaller Market Index (ASMI) closed at 530.13 points and
574.32 points, increasing 3.30% and 2.05% over the week, and decreasing 26.93% and
28.10% Y-o-Y, respectively. Meanwhile, Average Daily Trading Volume (ADTV) reached
US$58.92 million, while the advance to decline ratio stood at 1.64.<?XML:NAMESPACE
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Flashback…“Market participants at the Amman Stock Exchange (ASE) were busy this week
tidying up their portfolios ahead of the close of the year, which helped maintain
activity levels.”…ASE brief December 2004
Please click on the following links to read the ASE Market Brief in your language of
preference.
ASE English Brief:
<http://www.atlasinvest.net/html/research/market_brief/En_ASE_brief.pdf>
http://www.atlasinvest.net/html/research/market_brief/En_ASE_brief.pdf
ASE Arabic Brief:
<http://www.atlasinvest.net/html/research/market_brief/Ar_ASE_brief.pdf>
http://www.atlasinvest.net/html/research/market_brief/Ar_ASE_brief.pdf
Hamas’ ascendance to power was the defining event of the year. Although Hamas seized
power in a peaceful and democratic manner, an international political and economic
embargo crippled the economy and amplified the adverse effects of the correction
movement that swept the Palestine Securities Exchange (PSE) and the region. The
Israeli-Lebanese war further complicated matters in the Middle East, which was
already suffering from a messy situation in Iraq and the confrontation between the
US and Iran over the latter’s nuclear program and involvement in Iraq .
Flashback… “The Palestine Securities Exchange (PSE) had an active last three days as
it finished 2003 with zeal. Despite the blurred political situation investors
decided to show the PSE their full support by building new positions.” …PSE brief
December 2003
