The Jordanian Stock Exchange declined today, Sunday, due to limited selling in leading shares, amid weak trading, and a state of anticipation among investors for the local economy, amid security measures taken by the authorities.
The general index of shares closed down 0.2% at 1779.17 points, and the value of trading was 5.9 million dinars (8.3 million dollars), compared with 11.2 million in the previous session.
The Arab Bank fell 0.5%, Cairo Amman fell 1.61%, and Jordan Telecom fell 1.3%.
The Jordanian army said yesterday, Saturday, that Prince Hamzah bin Al Hussein, the half-brother of the Jordanian monarch and former crown prince, was asked to stop the movements and activities used to target "Jordan's security and stability."
Shares of 27 companies rose, while the shares of 33 companies decreased, and the shares of 29 others were stable.
The net profit of public shareholding companies listed on the Amman Stock Exchange in 2020 decreased by 65.6%, to reach 383.1 million dinars ($ 540.4 million), compared to 2019, which amounted to 1.115 billion dinars ($ 1.6 billion).
An investment promotion program
Meanwhile, the World Bank announced a program worth $ 1.100 million to boost public and private investments in Jordan, for economic recovery and the achievement of climate-related goals.
The bank said that the program, called "a comprehensive and transparent regulatory environment for business in Jordan," to which the International Bank for Reconstruction and Development, affiliated to it, the Jordanian government, and other international bodies would contribute.
The bank added that the Corona pandemic affected the Jordanian economy, which is already suffering from water scarcity, and the volatility of rainfall, as well as issues that represent local challenges, such as the decline of arable land areas and desertification.