Amman, July 25 (Petra) – Amman Stock Exchange (ASE) recorded positive
performance during the week of July 19-23, driven by increased
trading values ​​and an improved general index.

The industrial sector led market activity, reflecting continued
investor interest in industrial stocks despite a mixed performance by
other sectors.

ASE data showed the average daily trading volume rose to about JD14.7
million, compared to JD12.6 million the previous week, a growth rate
of 16.6 percent.

The total trading value spiked to JD73.4 million, compared to JD62.9
million in the previous week, while some 21.9 million shares were
traded in 21,910 transactions.

The industrial sector took the lion’s share of the trading value, at
about JD27.3 million, accounting for 37.2 percent of total trading.
It was followed by the financial sector, at around JD25.5 million,
34.7 percent, and the services sector at JD20.7 million, 28.1
percent. The general share price index rose by 0.32 percent, closing
at 3932.4 points, compared to 3920 points the previous week.

The increase was driven by the strong performance of the industrial
sector, which recorded a growth of 2.65 percent, in addition to a
0.75 percent rise in the financial sector. However, a 2.22 percent
decline in the services sector shrank the market’s gains.

Trading indicators point to a relatively robust market, with the
share prices of 50 out of 125 companies rising, while the prices of
45 dropped. The remaining shares were flat, reflecting continued
selectivity in investor decisions and a focus on companies with
strong operational performance and promising investment
opportunities.

National Steel Industries topped the list of the week’s biggest
gainers, surging 18.95 percent, followed by the Jordanian for
Developing and Financial Investment (JDFI) at 16.36 percent, then Al
Shamkha Real Estate and Financial Investments, and Enjaz for
Development and Multi-Projects, each rising 10.53 percent. Arab
Investment Projects came in fifth with an 8.51 percent increase.

Conversely, Jordan Insurance led the list of biggest losers, dropping
9.26 percent, followed by National Aluminum Industries, at 6.67
percent, then Coordinates Real Estate at 6.25 percent, Jordan Housing
for Land Development and Industrial Projects at 5.71 percent, and
Jordan Petroleum Refinery (JOPETROL) at 5.40 percent.

The rising trading volumes and upward trend of the general index
reflect an improved market activity. However, the mixed performance
of sectors and stocks indicates that investors are still adopting a
selective approach, with a clear focus on companies and sectors with
better growth and profitability opportunities.

//Petra//SS