ASE gains 16 points

Amman Stock Exchange ended the past week operations with a gain of 15.7 points and trading climbed 36.1 percent, according to the bourse weekly report released on Friday.Benchmark of the financial sector rose 0.42 percent, index of the services, 0.64 percent, and that of industries, 0.29 percent.Samer Sanaqrat, an analyst, noted in remarks to KUNA that the last week operations were distinguished with rise of the index, volume of trade -- and that happened without transactions or transfers, a positive sign.Such factors prompted a number of investors to activate their frozen assets and inject some liquidity into the market, thus elating sentiments of the traders in general. Most of the traders in the ASM have become upbeat and tending to act in the last quarter of the current year.In elaborating the market status, the ASM report noted that the average daily trading reached approximately USD 17 million, compared to USD 12.5 million in the previous week, with a rise of 36.1 percent. Meanwhile, the total trading amounted to USD 85.1 million, in contrast to USD 25 million of the previous week. As to the number of the traded stocks, they reached 1.08.5 million, exchanged in 30,906 deals. Financial sector was on top in terms of trading, occupying 66.4 percent of the trade volume, followed by the services, 24.2 percent, and then the industries, 9.4 percent. The figures also showed that 94 companies posted rise of stock prices, while those of 67 others dropped.