Mr. Azar added that as a result of this review, ten companies had been excluded from the index sample and other ten companies had been added. The companies that had been excluded from the index sample were: Amoun International for Investments, National Poultry, The Jordanian Pharmaceutical Manufacturing, Afaq Holding for Investment & Real Estate Development, Siniora Food Industries, al-Isra for Education and Investment, Jordanian Co. for Developing & Financial Investment, Emmar Investments & Real Estate Development, Jordan French Insurance, and International for Medical Investment.
The companies that had been added to the index sample were: Rumm Financial Brokerage, Transport & Investment Barter Company, Nutri Dar, Comprehensive Land Development and Investment, Comprehensive Multiple Project Company, Future Arab Investment Company, Arab International Hotels, Al-Israa for Islamic Finance and Investment, Salam International Transport & Trading, and Zara Investment Holding.
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 (89.9%) of the total market capitalization of the companies listed at the ASE. The free float market capitalization of the index constitutes’ represents (93.5%) 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 October 2016. Interested parties can access to the constituents of the index with the new weights through the following link: