Amman - Leading Arab stock exchanges declined this week because of what financial analysts on Friday attributed to the advent of the fasting month of Ramadan and a shrinking volume of liquidity.
"We believe investors' decisions have been affected by the start of Ramadan when business retreats to a low ebb," an Amman-based portfolio manager told Deutsche Presse-Agentur dpa.
"However, we also believe the low prices of stocks will trigger a wave of buying in the coming two weeks that will reverse the downward trend," he said.