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The decline brought to about 7 per cent the accumulated losses of the Amman Stock Market (ASE) since the start of the trading week on Sunday.
"I believe the plunge has been triggered by the awareness of investors that this year's dramatic rise of certain stocks, particularly mining firms, has been exaggerated and that the time has come for a deep correction," Nizar Taher, chief of brokerage at the Jordan Ahli Bank, told Deutsche Presse-Agentur dpa.
He referred mainly to the Arab Potash Co., the Jordan Phosphates Mines Co. and the Jordan Petroleum Refinery, the shares of which more than trebled over the past few months.
However, Taher predicted that share prices to pick up next week as investors were expected to make benefit from the low prices to build new positions.
Customers can earn miles with every purchase made with any linked payment card across all Union Coop stores and online
People will be trained for a couple of months before they are able to drive and fly it
Conditions are likely to get humid by night time
For Asangaziev Elim, the holy month meant toiling for the less fortunate
Organised by the Emirates Red Crescent Society, this grand affair aimed to nurture a profound sense of inclusivity and belonging within the community
About 50 members of the Divine Mercy Apostolate joined the
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Twelve months ago Musabbeh Al Mheiri reached a significant personal milestone of saddling 500 winners