Non-Jordanians owned 50.3% of ASE shares in April

AMMAN — The Amman Stock Exchange (ASE) index on Monday rose slightly by 0.31 percent, recording 1,831 points, in a quiet trading session ahead of the Eid Al-Fitr holiday.اضافة اعلان

The stock exchange announced the suspension of trading as of Tuesday. Trading will resume on Sunday morning, May 16.

The total trading volume on Monday was about JD6.6 million, involving 6.3 million shares.

The majority of investors tend not to build financial positions before the holidays in anticipation of any information or developments that might affect their financial positions.

On the other hand, statistics issued by ASE showed that the value of shares purchased by non-Jordanians during April 2021 amounted to JD9.52 million, representing 7 percent of the total trading volume, while the value of shares they sold  in the same period totaled JD9.48 million, making the net value of non-Jordanian investments in April JD0.04 million.

The value of shares purchased by non-Jordanian investors from the beginning of the year until the end of April 2021 amounted to JD112.3 million, representing 16.6 percent of the total trading volume, while the value of shares sold by them amounted to JD119.5 million. Accordingly, the net value of non-Jordanian investments would be minus JD7.2 million.

As for Arab investors, the total value of their purchases during April 2021 reached about JD8.6 million, or 90.3 percent of the total purchases of non-Jordanians, while the total value of non-Arab purchases rose to JD0.9 million, or 9.7 percent of total purchases of non-Jordanians. 

As for the total value of sales by Arabs, it amounted to JD7.1 million, or 74.7 percent of the total value of non-Jordanian sales. The value of non-Arab sales amounted to JD2.4 million, or 25.3 percent of the total value of non-Jordanian sales. The net investment value of Arabs is, based on that, JD1.5 million, and the net value of non-Arab investment is minus JD1.5 million, for the month of April 2021.

Accordingly, the share of non-Jordanian investors in the companies listed on the stock exchange at the end of April 2021 was about 50.3 percent of the total market value, with the Arabs’ stakes accounting for 31.5 percent, and the non-Arabs’ for 18.8 percent. 

In terms of sectors, the share of non-Jordanian investors in financial sector reached 52.3 percent at the end of last month, while in services sector, it stood at 19.4 percent, and in the industrial sector, it was 61.8 percent.

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