Amman: Non-Jordanian investors purchased JD13.6 million in shares at the Amman Stock Exchange (ASE) during the month of March, 11.8 percent of the total trading volume, and sold shares worth JD15.6 million, according to bourse data.
According to Jordan News Agency, from the beginning of the year through the end of March, foreign investors bought shares worth approximately JD49.9 million, representing 13.1 percent of the total volume. During the same period, they sold shares valued at JD47.5 million. Arab investors were the predominant force in foreign trading in March, with purchases amounting to JD12.7 million, accounting for 93.3 percent of total non-Jordanian purchases. Non-Arab purchases totaled JD0.9 million, or 6.7 percent. On the sales side, Arab investors sold shares worth JD14.4 million (92.1 percent), while non-Arabs sold JD1.2 million (7.9 percent).
By the end of March, non-Jordanians held about 47.6 percent of the total market capitalization of listed companies on the ASE. Institutional investors, including companies, institutions, and funds, accounted for 33.3 percent of total holdings, the figures showed. Arab investors’ shareholding stood at 31.5 percent of market capitalization, while non-Arab investors held 16.1 percent. Sector-wise, foreign ownership reached 50.7 percent in the financial sector, 22.8 percent in the services sector, and 52.4 percent in the industrial sector, according to the data.