Jordan's stock index sheds 16% in one-week time

The share price index in Amman Stock Exchange (ASE) shed about 16 percent over the past six trading days, with analysts calling on government's step in, local daily The Jordan Times reported on Monday.

The share price index closed at 2,893 point on Sunday, registering a 3.47 percent drop. Among 170 companies whose shares were traded, prices of 30 companies rose, and prices of 132 declined.

"The series of losses has been continuing for a long time at the Amman Bourse and I believe it is the time for the government to do something to stop the flagging market," Jawad Kharouf, president of the Association of Certified Capital Market Professionals, said on Sunday.

Source: Xinhua