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Jordan News
30-07-2025
- Business
- Jordan News
Trading Volume at Amman Stock Exchange Reaches JD 18.6 Million Today - Jordan News
Trading Volume at Amman Stock Exchange Reaches JD 18.6 Million Today The total trading volume at the Amman Stock Exchange (ASE) on Wednesday amounted to JD 18.6 million, with 7.9 million shares traded through 4,913 transactions. اضافة اعلان The general index of share prices closed at 2,904 points, marking a decline of 1.06% compared to the previous session. Out of the 109 companies whose shares were traded today, 25 companies saw an increase in their stock prices, while 49 companies recorded a decline. Sector-wise: The Industrial Index dropped by 3.05%. The Financial Index declined by 0.74%. The Services Index showed a slight increase of 0.04%.
Zawya
08-04-2025
- Business
- Zawya
Muscat Stock Exchange posts third consecutive monthly decline
Muscat – The benchmark index of the Muscat Stock Exchange (MSX) recorded its third consecutive monthly decline, falling by 1.6% in March following a 2.4% drop in February. In terms of sectoral performance, all three main sectors on the Muscat Stock Exchange posted declines last month. The Industrial Index led the losses with a 4.9% fall, followed by the Services Index, which dropped by 2.0%. The Financial Index saw a marginal dip of 0.6%, according to an analysis by Kamco Investment. Double-digit share price drops in constituent companies such as Oman Cement (-18.9%) and SMN Power Holding (-17.7%) contributed significantly to the Industrial Index's overall decline during the month. On the positive side, Muscat Insurance Company topped the monthly performance chart with an impressive gain of 60.3%, followed by Voltamp Energy and Al Anwar Investment, which gained 13.5% and 10.3%, respectively. Muscat Insurance returned to profitability in the 2024 financial year, reporting net profits of RO0.4mn, compared to a net loss of RO0.5mn in 2023. On the decliners' side, Financial Corporation recorded the largest fall, dropping by 31.9%, followed by Oman Cement and SMN Power Holding, which declined by 18.9% and 17.7%, respectively. Financial Corporation posted a net loss of RO0.4mn in 2024, compared to a net profit of RO0.7mn in 2023. Trading activity remains weak Trading activity on the Muscat bourse saw a sharp decline in March. The total volume of shares traded dropped by 42.3% to 652.8mn shares, down from 1.1bn in February. Similarly, the total value of shares traded fell by 45.2% to RO119mn, compared to RO217mn in the previous month. OQ Exploration & Production topped the monthly value traded chart at RO18.7mn, followed by Bank Muscat and Sohar International Bank, with trades worth RO11.1mn and RO10.5mn, respectively. In terms of trading volume, Sohar International Bank led with 114.3mn shares traded, followed by OQ Base Industries and OQ Gas Networks, with volumes of 73.1mn and 69.3mn shares, respectively. Stock markets around the world came under pressure for a second straight month in March, as investor sentiment was dampened by uncertainty surrounding US trade policies and forecasts of a slowdown in the US economy. A series of announcements by the US government regarding the imposition of tariffs on imports, along with retaliatory measures from its trading partners, shook investor confidence in near-term global economic growth. As a result, investors turned to safer asset classes such as gold – which reached a record high during the month – and government bonds. The MSCI GCC Index posted a marginal decline of 0.4% during March, despite broad-based losses across all seven regional exchanges. Within the GCC, Dubai registered the steepest fall of 4.2%, marking the exchange's first monthly decline in ten months. Abu Dhabi and Qatar both declined by 2.0%, while the other GCC markets saw smaller drops. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
06-04-2025
- Business
- Muscat Daily
Muscat Stock Exchange posts third consecutive monthly decline
Muscat – The benchmark index of the Muscat Stock Exchange (MSX) recorded its third consecutive monthly decline, falling by 1.6% in March following a 2.4% drop in February. In terms of sectoral performance, all three main sectors on the Muscat Stock Exchange posted declines last month. The Industrial Index led the losses with a 4.9% fall, followed by the Services Index, which dropped by 2.0%. The Financial Index saw a marginal dip of 0.6%, according to an analysis by Kamco Investment. Double-digit share price drops in constituent companies such as Oman Cement (-18.9%) and SMN Power Holding (-17.7%) contributed significantly to the Industrial Index's overall decline during the month. On the positive side, Muscat Insurance Company topped the monthly performance chart with an impressive gain of 60.3%, followed by Voltamp Energy and Al Anwar Investment, which gained 13.5% and 10.3%, respectively. Muscat Insurance returned to profitability in the 2024 financial year, reporting net profits of RO0.4mn, compared to a net loss of RO0.5mn in 2023. On the decliners' side, Financial Corporation recorded the largest fall, dropping by 31.9%, followed by Oman Cement and SMN Power Holding, which declined by 18.9% and 17.7%, respectively. Financial Corporation posted a net loss of RO0.4mn in 2024, compared to a net profit of RO0.7mn in 2023. Trading activity remains weak Trading activity on the Muscat bourse saw a sharp decline in March. The total volume of shares traded dropped by 42.3% to 652.8mn shares, down from 1.1bn in February. Similarly, the total value of shares traded fell by 45.2% to RO119mn, compared to RO217mn in the previous month. OQ Exploration & Production topped the monthly value traded chart at RO18.7mn, followed by Bank Muscat and Sohar International Bank, with trades worth RO11.1mn and RO10.5mn, respectively. In terms of trading volume, Sohar International Bank led with 114.3mn shares traded, followed by OQ Base Industries and OQ Gas Networks, with volumes of 73.1mn and 69.3mn shares, respectively. Stock markets around the world came under pressure for a second straight month in March, as investor sentiment was dampened by uncertainty surrounding US trade policies and forecasts of a slowdown in the US economy. A series of announcements by the US government regarding the imposition of tariffs on imports, along with retaliatory measures from its trading partners, shook investor confidence in near-term global economic growth. As a result, investors turned to safer asset classes such as gold – which reached a record high during the month – and government bonds. The MSCI GCC Index posted a marginal decline of 0.4% during March, despite broad-based losses across all seven regional exchanges. Within the GCC, Dubai registered the steepest fall of 4.2%, marking the exchange's first monthly decline in ten months. Abu Dhabi and Qatar both declined by 2.0%, while the other GCC markets saw smaller drops.
Leaders
11-03-2025
- Business
- Leaders
GASTAT: Saudi Industrial Production Sees 1.3% Rise in Jan 2025
Saudi Arabia's industrial production quantity index has seen a 1.3% surge during January 2025 compared to the same month of 2024, according to the General Authority for Statistics (GASTAT). According to GASTAT's bulletin, this noticeable growth is driven by an increase in the activities of manufacturing industry, water supply and sanitation, as well as waste management and treatment. The figures also showed a 0.4% decrease in the sub-index for mining and quarrying activity on an annual basis. Meanwhile, the sub-index for manufacturing activity has seen a 4% growth. Furthermore, the sub-index for electricity, gas, steam as well as air conditioning supply activity recorded a decrease of 1.7%. At the same time, the sub-index for water supply and sanitation activity and waste management and treatment activities reached a 12.8% increase. As for the key economic activities, oil activities recorded a 0.4% increase in January 2025, while the index of non-oil activities posted an increase of 3.6% compared to January 2024. GASTAT's bulletin Issued by GASTAT on a monthly basis, the index of industrial production serves as an economic indicator that reflects the relative changes in the volume of industrial production quantities based on industrial production survey data. The authority applies such surveys on several establishments in the targeted industrial activities, as follows: Mining and quarrying activity Manufacturing activity Electricity, gas, steam and air conditioning supply activity Water supply activities Sanitation, waste management and treatment activities Related Topics: GASTAT: Inflation Rate Reaches 2.0% in January 2025 Saudi Arabia's Industrial Index Climbs 3.4% in November: GASTAT GASTAT: Real GDP Grows by 4.4% in Q4 2024 Short link : Post Views: 60
Zawya
04-03-2025
- Business
- Zawya
Oman: MSX continues bearish trend as main index declines by 2.4% in February
Muscat – The benchmark index of the Muscat Stock Exchange (MSX) has continued its downward trajectory in 2025, declining by 2.4% in February to close the month at 4,435.9 points. This followed a 0.7% drop in January, reflecting a continued bearish trend. Throughout February, the MSX30 Index traded within a narrow, declining range, primarily due to a lack of significant market catalysts, according to a research report released by Kamco Investment. Sectoral performance on the MSX was mixed, with two out of the three sector indices on the exchange recording losses during the month, while the third reported a gain. The Financial Index fell by 1.1%, closing the month at 7,739.7 points. This decline was largely driven by losses in shares of major companies within the sector, including National Bank of Oman (-4.8%) and Sohar International Bank (-3.6%). The Services Index also declined during the month, falling by 3.5% to close at 1,632.9 points. In contrast, the Industrial Index posted a notable monthly gain of 7.8%, closing in February 2025 at 5,832.22 points. In terms of company performance, Al Jazeera Steel Products topped the gainers list with a share price gain of 25.4%, followed by Oman Cement and Construction Materials Industries, which recorded monthly share price gains of 24.0% and 20.6%, respectively. On the decliners' side, Oman Cables Industry led the chart with a share price fall of 11.6%, followed by Ooredoo Oman and Muscat Gases, which saw share price drops of 10.3% and 10.0%, respectively. Trading activity rises Trading activity on the MSX saw strong gains in February. The total volume of shares traded on the exchange increased by 166.4%, rising to 1.1bn shares in February compared to 424.8mn shares in January. Similarly, the total value traded on the exchange increased by 204.5%, reaching RO217mn against RO71.3mn in January. OQ Exploration & Production topped the monthly value traded chart with trades amounting to RO13.8mn, followed by OQ Base Industries and Bank Muscat, with total values traded of RO5.2mn and RO4.2mn, respectively. In terms of monthly volume traded, Ahlibank topped the list with 828mn shares, followed by OQ Base Industries and OQ Exploration & Production with volumes of 51.3mn shares and 43.6mn shares, respectively. GCC markets According to Kamco Investment's report, after witnessing healthy gains at the start of the month, the GCC MSCI Index closed February with a marginal decline, led by a fall in large-cap stocks. The decline occurred despite positive performance recorded by three out of the seven exchanges in the region. 'The decline reflected a fall in key global markets, including the US, driven by factors such as an economic slowdown, the geopolitical standoff between Russia and Ukraine, elevated valuations, and the uncertainty surrounding trade wars. Crude oil also had an uneventful month, declining by 4.7% due to increasing supply,' the report said. The GCC monthly performance chart showed a marginal decline of 0.4% for the MSCI GCC Index. At the exchange level, Bahrain was the best-performing market during the month with a gain of 4.3%, closely followed by Kuwait with a gain of 4.1%. Dubai also registered growth of 2.6%. On the other hand, Saudi Arabia was the biggest declining market in the region, falling by 2.4%, in line with the decline in Oman. Qatar and Abu Dhabi followed with declines of 2.1% and 0.2%, respectively. In terms of year-to-date performance, the GCC remained in the green with a gain of 2.6%, reflecting gains at the start of the year. Kuwait was the best-performing market. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
