Arab investors account for 93.6% of non-Jordanian purchases at ASE in February 2024

AMMAN — Amman Stock Exchange (ASE) announced that the value of purchased shares by non-Jordanian investors at the ASE in February 2024 worth JD8.9 million, representing 8.7 per cent of the overall trading value, while the value of shares sold by them amounting to JD31.7 million.

The value of shares bought by non-Jordanian investors since the beginning of the year until the end of February 2024 was JD15.5 million, which constituted  93.6 per cent of all purchases by non-Jordanians, while their sales reached JD42.3 million, the ASE announced on its website.

Arab investors purchased shares worth  JD8.3 million, or 93.6 per cent of the overall purchases by non-Jordanians, while the value of non-Arab purchases amounted to JD0.6 million, constituting 6.4 per cent of the overall purchases by non-Jordanians. 

When it came to sales, Arab investors sold shares worth JD10.4 million, making up 32.7 per cent of all non-Jordanian sales. Non-Arab investors sold a higher value of shares, amounting to JD21.3 million, which represented 67.3 per cent of the total.

As of the end of February 2024, non-Jordanian investors owned 47.1 per cent of the total market value of companies listed on the ASE. Of this, institutional investors, including companies, institutions, and funds, held 35.3 per cent. Arab investors owned 32.2 per cent, while non-Arab investors owned 14.9 per cent.

At the sector level, non-Jordanian ownership was most prominent in the financial and industrial sectors, with 51.3 per cent and 52.4 per cent, respectively. The services sector saw a lower level of non-Jordanian ownership at 21.4 per cent, the ASE added.