NON-JORDANIAN OWNERSHIP IN COMPANIES LISTED ON THE ASE REACHED 49.0%

Industry

Amman Stock Exchange (ASE) revealed that the value of shares bought by non-Jordanian investors at the ASE in June 2021 was JD19.4 million, representing 7.2% of the overall trading value, while the value of shares sold by them amounted to JD29.3 million. As a result, the net of non-Jordanian investments in June 2021 showed a negative value of JD9.9 million, whereas the net of non-Jordanian investments showed a negative value of JD7.4 million during the same month of 2020.

The value of shares bought by non-Jordanian investors since the beginning of the year until the end of June 2021 was JD164.8 million, representing 14.3% of the overall trading value, while the value of shares sold by them amounted to JD184.6 million. As a result, the net of non-Jordanian investments showed a negative value of JD19.8 million, whereas the net of non-Jordanian investments showed a negative value of JD50.9 million for the same period of 2020.

Arab investors purchases during June 2021 were JD18.4 million, or 95.0% of the overall purchases by non-Jordanians, while the value of non-Arab purchases amounted to JD1.0 million, constituting 5.0% of the overall purchases by non-Jordanians. Arab investors sales amounted to JD19.8 million, or 67.4% of non-Jordanians total sales, while the value of non-Arab sales amounted to JD9.5 million, representing 32.6% of the total sales by non-Jordanians. As a result, the net of Arab investments showed a negative value of JD1.4 million, whereas the net of non-Arab investments showed a negative value of JD8.5 million in June 2021.

Hence, non-Jordanian investors’ ownership in companies listed on ASE as of end of June 2021 represented 49.0% of the total market value, compared to 51.2% in the previous month. The reason for this decrease is due to the delisting of Al-Eqbal Investment from the First market and transferring it to the Over-The-Counter Market (OTC).

The ownership of Arab investors constitutes 34.4% and 14.6% for non-Arab investors. At the sectoral level, the non-Jordanian ownership in the financial sector was 53.5%, in the services sector was 21.6% and 53.4% in the industrial sector.

 

Source: Amman Stock Exchange