AMMAN — In line with previous sessions, the mining sector
stocks along with stocks from the industry sector went up on Monday, pushing
the general stock index of the Amman Stock Exchange (
ASE) up 0.098 percent to
close at 2,098.27 points.
اضافة اعلان
The Arab Potash Company’s share rose to the highest
permitted limit on Monday, at a price of JD29.5 per share, as for the
Jordan Phosphate Mining Company, it closed at JD17.67, and the Jordanian Petroleum
Refinery Company went up by 5 percent, its highest permitted rise, closing at JD3.67
per share.
Figures from the ASE indicate that there is a 2.94 percent
increase in the industry sector, and 1.79 percent for the service sector,
however, the financial sector dropped by 0.02 percent.
Globally, commodities, minerals and oil prices went up, as in
the US global market, the price of crude oil reached its highest level in three
years, as for brent crude, its highest in the last two years, due to high
global demand for fuel in the first half of the current year, and rising probabilities for a shift
in the market towards supply deficit.
According to the Wall Street Journal, American crude
increased by 1.25 percent to reach $71.67, the highest since October 2018, up
from $70.79 at the beginning of the session, while its lowest price during the
session was $70.69. Brent crude went up by 1.3 percent, to reach $73.62 per
barrel, the highest since April 2019, after the opening price was $72.70, with
the lowest registered rate at $72.60.
Bank stocks went down on the contrary of the last period, during
which they lead the board.
The government announced in May 26 a gradual reopening plan
to reach a “safe summer”, through three stages, the first started this month,
the second in July 1, and the third is slated for September, which should
positively reflect on the economy, which suffered a 1.9 percent contraction due
to lockdowns.
The value of trade reached JD13.9 million, with 7.6 million shares
traded through 5,404 transactions.
Comparing with the closing prices of Sunday’s
session, out of the 122 traded companies on Monday 37 companies witnessed an
increase in the value of their stocks, while 45 showed a decrease.
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