Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Amman Stock Exchange weekly analysis  Join our daily free Newsletter

MENAFN - Jordan Times - 05/04/2009

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Jordan Times) Driven by strong performance of a number of strategic stocks, the general index of Amman Stock Exchange (ASE) rose 1.4 per cent, closing last week at 2740.4 points, amid apparent optimism derived from the recent surge in the indices of global and regional markets.

The most prominent stocks were Jordan Petroleum Refinery Company, Jordan Cement Factories Company and Jordan Electricity which increased by 18.1 per cent, 7.4 per cent and 8.8 per cent respectively.

After the release of positive economic news regarding growth in gross domestic product (GDP) and unemployment rates, we expect rising demand this week on shares of strategic companies.

All sector indices advanced last week except banking which declined by 1.3 per cent. The services sector recorded the highest gain as its index increased by 4.4 per cent.

As for trading activity, 171.9 million shares exchanged hands leaving gains at 90 firms and losses at 86 entities out of 197 corporations whose shares were traded.

In terms of value traded by sector, real estate came in first place accounting for 40 per cent of the total followed by services with 26.1 per cent and then the diversified financial services sector which accounted for 15.6 per cent of the total value traded last week.

The most actively traded shares were those of Taameer Jordan Holdings, South Electronics Company, and Ad Dulayl Industrial Park, with a combined value traded of JD55.8 million accounting for 21.31 per cent of the total value traded.

Several block deals were executed last week; most significantly were deals on Arab German Insurance, Specialised Investments Compounds and Middle East Diversified Investment with transaction values of JD1.4 million, JD1.3 million and JD1 million.

Jordan Cement Factories Company's board of directors recommended to the general assembly the distribution of cash dividends to shareholders at rate of 65 per cent.

Jordan Phosphate Mines Company has decided to distribute JD37.5 million in cash dividends to the shareholders at a rate of 50 per cent.

The general assembly of Jordan Ahli Bank approved the distribution of cash dividends at a rate of 10 and stock dividends at a rate of 5 per cent.

The extraordinary general assembly of General Lightweight Concrete Industries decided to increase the company's paid-up capital through a 50 per cent rights issue at the price of JD0.85 per share.

The ASE approved the listing of the 20 million new shares of Al Isra for Investments and Islamic Finance.

According to data issued by the Department of Statistics (DoS), GDP at constant prices grew by 4 per cent during the fourth quarter of 2008 compared to its level in the same quarter of 2007.

The DoS data also showed that unemployment rate during the first quarter of 2009 stood at 12.1 per cent compared to 12 per cent at the end of 2008.

The Securities Depository Centre revealed that non-Jordanian ownership in the ASE dropped by 1.4 per cent during the first quarter of 2009 compared to total investments at year-end 2008.

Investment in companies registered at the Companies Control Department plunged 53.4 per cent to JD68 million during the first quarter of 2009, compared to JD146.0 million during the same period of 2008.

According to the latest government financial bulletin issued by the Ministry of Finance, total revenues and foreign grants amounted to JD879.4 million during the first two months of 2009 compared to JD792.8 million during the same period in 2008, reflecting an increase of JD42.3 million or 5.3 per cent.

According to the same bulletin, the budget deficit reached JD33.1 million during the first two months of 2009, compared to a surplus of JD169.1 million in the same period last year.

 






  MENA News Headlines
Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

Apr 23 2014Kowait- 'All must join hands to save youth from strife' ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (kuna): minister of information and minister of state for youth affairs sheikh salman al-sabah said tuesday the youth ministry has completed a study ...

Apr 23 2014Kowait- MoH boosts efforts to curb obesity rate ,Arab Times
(MENAFN - Arab Times)  kuwait city feb 3 (kuna): director of the health well-being division of the ministry of health dr abeer al- baho affirmed sunday that the ministry scaled up the efforts ...

Apr 23 2014UAE- Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014UAE- ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Galadari Automobiles unveils all-new 2015 Mazda3 in UAE ,Khaleej Times
(MENAFN - Khaleej Times) The all-new mazda3 was unveiled to the world at events held simultaneously in five cities where the consensus was loud and clear: ?mazda has done it again!? galadari ...

Apr 23 2014Kowait- Parliament refuses to lift MP immunity ,Arab Times
(MENAFN - Arab Times) Kuwait april 3 (kuna): the national assembly committee on legislative and legal affairs has turned down a request from the public prosecution on wednesday to lift the immunity ...

Apr 23 2014Kowait- 'Probe delay in Jaber Stadium construction' ,Arab Times
(MENAFN - Arab Times) Kuwait city april 7 (kuna): the cabinet has asked its fatwa and legislation department to take necessary legal procedures to send a report on negligence and remissness that ...

Apr 23 2014Kowait- Men women's brains wired differently ,Arab Times
(MENAFN - Arab Times) Washington dec 23 (afp): women aren't very good at reading maps and men are incapable of multi-tasking. at first glance they might seem like a couple of hoary old stereotypes ...

Apr 23 2014Emirates NBD opens branch at Wafi Mall ,Khaleej Times
(MENAFN - Khaleej Times) Emirates nbd on tuesday announced the opening of its new branch at wafi mall which is in line with the bank?s strategy to focus on customer centricity and convenient ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Rationalization of water use in focus ,Arab Times
(MENAFN - Arab Times) Kuwait city april 7 (kuna): under the patronage of minister of electricity and water abdulaziz al-ibrahim kuwait environment protection society (keps) organized monday a ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014UAE- Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Three tied for Asian lead ,Khaleej Times
(MENAFN - Khaleej Times) Gms adhiban of india maghami of iran and yangi of china going strong former asian women’s champion irene sukandar of indonesia (right) beat atousa pourkashiyan ...

Apr 23 2014UAE- ADCB profit grows 26% in first quarter ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank?s profit grew 26 per cent in the first quarter of the year to dh1. however net profit rose 22 per cent year-on-year. non-interest income was 24 ...

Apr 23 2014Kowait- MoI FM discuss visa issuance by embassies ,Arab Times
(MENAFN - Arab Times) Kuwait april 10 (agencies): officials of the ministries of interior and foreign affairs on thursday discussed implementation of a decision by the minister of interior to ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Emirates Nuclear Energy Corporation adds two nuclear simulators ,Khaleej Times
(MENAFN - Khaleej Times) With the addition of two new nuclear simulators the emirates nuclear energy corporation?s (enec) training centre is now complete and ready to take in students. the ...

Apr 23 2014UAE- Leaders mourn "South Korean" ferry victims ,Khaleej Times
(MENAFN - Khaleej Times) The president his highness shaikh khalifa bin zayed al nahyan has sent a cable of condolences to president park geun-hye of south korea and the families of the hundreds of ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help