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    Non-Jordanian ownership in companies listed on ASE reaches 51%

    December 3, 2020
    finance & economy

    Amman, Nov. 2 (Petra) -- The value of shares bought by non-Jordanian investors in the Amman Stock Exchange (ASE) in November 2020 was JOD5.6 million, 6.7 percent of the overall trading value, the ASE said Wednesday.

    According to a statement on the ASE official website, the value of shares sold by non-Jordanian investors amounted to JOD 10.4 million. As a result, the net of non-Jordanian investments showed a negative value of JOD 4.8 million, compared to a positive value of JOD14.6 million for the same period of 2019.

    The value of shares bought by non-Jordanian investors at the ASE in the period January-November 2020 was JOD 87 million, 9.6 percent of the overall trading value, while the value of shares sold by them amounted to JOD 152.7 million, the ASE said.

    Non-Jordanian net investments showed a negative value of JOD 65.7 million, whereas the net of non-Jordanian investments during the same period of 2019 showed a positive value of JOD 120.7 million.

    Arab investors’ purchases in November 2020 totaled JOD 4.8 million, 85.4 percent of the overall purchases by non-Jordanians, while the value of non-Arab purchases amounted to JOD 0.8 million, 14.6 percent of the total purchases by non-Jordanians.

    Arab investors' sales amounted to JOD 6.2 million, 59.6 percent of non-Jordanians’ total sales, while the value of non-Arab sales amounted to JOD 4.2 million, 40.4 percent of the total sales by non-Jordanians, the statement said.

    Non-Jordanian investors' ownership in companies listed on the ASE by the end of November 2020 represented 51.3 percent of the total market value, 32.6 percent for Arab investors and 18.7 percent for non-Arab investors.

    On the sector level, non-Jordanian ownership in the financial sector was 53.2 percent: 19.3 percent in the services sector and 65.5 percent in the industrial sector, the ASE said.

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