Jordan's bourse resumed trading on Sunday after a two-month suspension with shares falling across the board, weighed down by investor fears the coronavirus pandemic will drag on the economy for months.
AMMAN - Jordan’s bourse resumed trading on Sunday after a two-month suspension with shares falling across the board, weighed down by investor fears the coronavirus pandemic will drag on the economy for months.
The bourse was one of only a few markets around the world to stop trading entirely, a move brokers said dented its creditbilty with foreign funds. “The bourse mirrors the economy but we need a longer period for the market to return back to its balance,” Amman Stock Exchange CEO Mazen Wathaifi told Jordan’s Al-Mamlaka TV public broadcaster.
“There were many shares that were offered at limit down and had no buyers. Many investors wanted to divest their shares to cash in,” said Wajdi Makhamreh, an investment consultant
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