'Drop in stock prices remain in normal levels' - ASE official

[31-01-2011 12:00 AM]

Ammon News - By Hisham Awartani

AMMONNEWS - In a first response to reports of $850 million losses in the Amman Stock Exchange (ASE) as a result of event in Egypt, ASE Executive Director Khalil Tarifi said that the in prices here remain in normal levels.

Tarifi told Ammon News that the Amman Index has been affected by political events in Egypt, as did Arab and international indexes.

He noted that stock markets are more sensitive to political factors and conditions, explaining that the in stock prices in Jordan remains normal compared to others in the region.

Stock prices in Jordan registered a 2 percent since the events in Egypt unfolded.

Tarifi added that the Jordanian stock market is stable and has been coping with the political events.

He called on investors to base their trading decisions on market facts and their own convictions rather than reactions.

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