The Amman Stock Exchange index Quarterly Review

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The Amman Stock Exchange index Quarterly Review

The Amman Stock Exchange (ASE) has conducted the periodic quarterly review of the ASE index constituents in purpose of ensuring that the ASE General Price Index reflects the market performance and the trading activity of the listed companies. By this rebalancing, the activity of listed companies in regard to trading during the last quarter has been reviewed. After that, the ASE has conducted its screening process for all listed companies using the full market capitalization of the companies and the number of trading days during last quarter. It is worth mentioning that the criteria adopted by the ASE are similar to the criteria applied by many leading international index providers.

As a result of this review, (9) companies have been excluded from the index sample and other (9) companies have been added. The companies that have been excluded from the index sample were: Jordan Insurance, Arab Orient Insurance Company, The Real Estate& Investment Portfolio, Ibn Alhaytham Hospital Company, National Chlorine Industries, Nutri Dar, Jordan Vegetable Oil Industries, United Iron & Steel Manufacturing, and Northern Cement.

The companies that have been added to the index sample were: Societe Generale De Banque–Jordanie, Jordan French Insurance, Al- Sharq Investments Projects (Holding), Nopar for Trading and Investment, Rumm Financial Brokerage, The Jordan Pipes Manufacturing, General Investment, Al-Ekbal Printing and Packaging, and United Cable Industries. As part of the process, the ASE calculated the free float for all listed companies at the ASE based on the data Received from the Securities Depository Center. This review also includes the reduction of the weights for some companies to maintain the 10% cap that applied to index constitutes. Where the index sample includes (100) companies which are the most active in the ASE and the highest in terms of market capitalization. The full market capitalization of the index constituents represent (92.3%) of the total market capitalization of the companies listed at the ASE. The free float market capitalization of the index constitutes represents (94.9%) of the total free float market capitalization of the listed companies at the ASE.

As the index constituents will be modified on the 1st of October 2018. Interested parties can access to the constituents of the index with the new weights through the following link: https://www.exchange.jo/en/constituents

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