Jordan bourse: Non-Jordanian investors control 15.8% of overall trading value
The total value of shares that were bought by Non-Jordanian investors since the beginning of the year 2008 until May 2008 was JD1387.3 million, representing 15.8% of the overall trading value, while the value of shares sold by them amounted to JD1277.1 million. As a result, the net of non-Jordanian investment until May 2008 showed an increase by JD110.2 million, compared to an increase by JD230.9 million in the same period of the year 2007.
Arab investors purchases during 2008 was JD1087.0 million, or 78.4% of the overall purchases by non-Jordanians, while the value of non-Arab purchases amounted to JD300.3 million, constituting 21.6%. Arab investors sales amounted to JD1040.7 million, 81.5% of non-Jordanians total sales, while the value of non-Arab sales amounted to JD236.4 million, representing 18.5% of the total sales by non-Jordanians.
According to a statement by the Amman Stock Exchange, the total value of shares bought by non-Jordanian investors during May 2008 was JD344.0 million, representing 16.7% of the overall trading volume, while the value of shares sold by them amounted to JD304.2 million. Thus, the net of non-Jordanian investment during May 2008 showed an increase by JD39.8 million.
Non-Jordanian ownership in companies listed at the ASE by end of May 2008 represented 50.4% of the total market value, 33.9% for Arab investors and 16.5% for non-Arab investors. At the sector level, the non-Jordanian ownership in the financial sector was 51.3%, in the services sector was 34.0%, and in the industrial sector was 56.2%.