Thursday, May 31, 2007

Jordanian Stocks Rise, Paced by Arab Bank Shares: World's Biggest Mover

(Bloomberg) -- Jordan's main stock index gained for
the first time in nine days on speculation the shares have become
cheap relative to prospects for earnings growth. Arab Bank Plc,
the country's largest lender, led the advance.

The Amman Stock Exchange General Index added 2.9 percent to
5831.06 at the close, the biggest move among markets included in
global benchmarks. The measure dropped 3.8 percent during its
latest losing streak and is down 5.2 percent so far this quarter.


Read more at Bloomberg Stocks News

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