Amman Stock Exchange’s main index gained a slight 35 points, or 1.33 percent, this week and stood at 5,724 points, despite the drop in the average volume of daily trade by 15.6 percent.
Jordan News Headlines from Various News Sources
Amman Stock Exchange’s main index gained a slight 35 points, or 1.33 percent, this week and stood at 5,724 points, despite the drop in the average volume of daily trade by 15.6 percent.
Thursday’s trading value amounted to JD31.4 million spread over 23.3 million shares traded through 10,809 transactions.
Wednesday’s trading value amounted to JD25.3 million spread over 16.2 million shares traded through 8,798 transactions.
Over the last two months, the Greater Amman Municipality , in cooperation with the Ministry of Tourism and the Department of Antiquities , has been renovating the archaeological site, which dates back to 8000BC.
Tuesday’s trading value amounted to JD23.9 million spread over 14.9 million shares traded through 8,676 transactions.
The Company’s bottom line registered a 29.6% decline in 2008, dropping to JD 8.12 million. For Q1 2009, profits registered at JD 948.12 thousand, falling short of the JD 1.81 million profits realised in Q1 2008. Total revenues fell by 5.1% to JD 29.26 million, on the back of the JD 2.21 million drop in advertising revenues during 2008. Meanwhile, revenues from commercial press increased to JD 3.67 million from JD 3.06 million in 2007. PRES’s top line registered at JD 6.42 million in Q1 2009, only 3.5% lower year-on-year. PRES’s total assets declined in 2008 and Q1 2009 to JD 38.31 million and JD 36.58 million, respectively, from JD 39.22 million in 2007. Meanwhile, shareholders’ equity rose by 1.8% in 2008 to JD 34.02 million before slumping to JD 27.47 million the following quarter. Return on Average Assets (ROAA) and Return on Average Equity (ROAE) declined to 20.9% and 24.1% in 2008 from 32.8% and 38.6%
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Visiting U.S. Defense Secretary Robert Gates holds a press conference in Amman, Jordan, July 27, 2009.
Monday’s trading value amounted to JD21.9 million spread over 15.3 million shares traded through 8,568 transactions.
Shareholders of Jordan Islamic Bank approved during an extraordinary general assembly meeting on Monday a recommendation by the board of directors to raise the bank’s capital by JD18.75 million to JD100 million/share through distribution of bonus shares.
Washington on Monday pushed for progress towards Middle East peace, calling on Arab states to normalise relations with Israel and urging Iran to respond to overtures over its nuclear programme.
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