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Article: Investors await midyear results to reverse ASE slide.
- Article from:
- Jordan Times (Amman, Jordan)
- Article date:
- June 28, 2007
CopyrightCOPYRIGHT 2007 Jordan Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mohammad Ghazal
Jun. 28--AMMAN -- Midyear results of public shareholding companies may reverse the downward trend of the Amman Stock Exchange (ASE), whose index, dropped to 5,759 points on Tuesday continuing a decline from the beginning of this week.
Jawad Kharouf, president of the Association of Certified Capital Market Professionals, attributed the slide in the stock exchange over the past few days to investors selling shares to reduce outstanding dues or to close accounts before the end of the month, noting that investors are awaiting the companies' midyear results.
"The situation is normal and I am optimistic. I expect the trend in ...