Mr. Azar added that as a result of this review, seven companies had been excluded from the index sample and other seven companies had been added. The companies that had been excluded from the index sample were: Jordan Decapolis Properties, Jordan Trade Fac, Transport & Investment Barter Company, Philadelphia International Educational Investment Company, Methaq Real Estate Investment, Future Arab Investment Company and Arab Electrical Industries.
The companies that had been added to the index sample were: Jordan French Insurance, Jordan Investment Trust, Bindar Trading & Investment Co . P.L.C, Afaq Holding For Investment & Real Estate Development Co. P.L.C, Tuhama For Financial Investments, Amoun International For Investments and The Jordanian Pharmaceutical Manufacturing.
As part of the process, the ASE calculated the free float for all listed companies at the ASE based on the data available at the Securities Depository Center (SDC) website. This review also includes the reduction of the weights for some companies to maintain the 10% cap that applied to index constitutes.
Mr. Azar clarified that the index sample includes one hundred 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 (90.3%) of the total market capitalization of the companies listed at the ASE. The free float market capitalization of the index constitutes’ represents (92.8%) of the total free float market capitalization of the listed companies at the ASE.
In light of the above, the index constituents will be modified on 2nd of January 2017. Interested parties can access to the constituents of the index with the new weights through the following link: