47.1% non-Jordanian ownership in companies listed on ASE

AMMAN — Amman Stock Exchange (ASE) revealed that the value of shares bought by non-Jordanian investors at the ASE in June 2024 was JD9.8 million, representing 14.5 per cent of the overall trading value, while the value of shares sold by them amounted to JD13.2 million.

The value of shares bought by non-Jordanian investors since the beginning of the year until the end of June 2024 was JD164.1 million, representing 24.9 per cent of the overall trading value, while the value of shares sold by them amounted to JD181.8 million, the ASE announced on its website.

Arab investors' purchases during June 2024 were JD8.4 million, or 85.6 per cent of the overall purchases by non-Jordanians, while the value of non-Arab purchases amounted to JD1.4 million, constituting 14.4 per cent of the overall purchases by non-Jordanians.

Arab investors' sales amounted to JD6.7 million, or 50.4 per cent of non-Jordanians' total sales, while the value of non-Arab sales amounted to JD6.6 million, representing 49.6 per cent of the total sales by non-Jordanians.

Hence, non-Jordanian investors' ownership in companies listed on ASE as of the end of June 2024 represented 47.1% of the total market value, of which 33.1 per cent for institutional investors including companies, institutions and funds. Arab investors own 32.0% and non-Arab investors own 15.1 per cent. At the sectoral level, the non-Jordanian ownership in the financial sector was 51.0 pe cent, in the services sector was 21.5 pe cent and 53.5 per cent in the industrial sector.