Jordan Times
Friday, May 14, 2004
Net foreign investment rises
JD82.5m at Amman Bourse in first quarter
AMMAN (Petra) — Net foreign investment rose during the first four months of the
year by JD82.5 million compared to a drop by JD4.6 million during the same
period last year, according to the Amman Stock Exchange (ASE).
The value of shares purchased during the January-April period by non-Jordanian
investors totalled JD174 million accounting for 15.4 per cent of the total
trading volume, whereas the value of shares sold by the same bracket of
investors totalled JD91.5 million.
Purchase transactions by Arab investors totalled JD164.4 million or 94.5 per
cent of the overall purchase transactions by non-Arab investors while those by
non-Arab investors accounted for the remaining 5.5 per cent totalling JD9.6
million.
Sale transactions of Arabs totalled JD56.4 million, accounting for 61.7 per
cent, while those sold by non-Arab investors accounted for the remaining portion
of JD35.1 million, the bourse figures indicated.
The ASE figures also showed that net foreign investment saw a drop during last
April by JD8.9 million compared to a rise by JD1.4 million during the same month
last year.