Jordan Times
Wednesday, September 8, 2004
Net foreign investment at ASE
rises JD88 million
AMMAN (Petra) — Net foreign investment at the Amman Stock Exchange (ASE) rose
during the first eight months of this year by JD87.9 million compared to JD33.9
million during the same period last year.
According to the Amman bourse figures, the value of shares purchased by
non-Jordanian investors during the January-August period amounted to JD241.7
million, representing 12.3 per cent of the overall trading volume.
Purchase transactions by Arab investors totalled JD216.8 million or 89.7 per
cent of the overall purchase transactions by non-Jordanians while purchase
transactions by non-Arab investors accounted for the remaining 10.3 per cent or
JD24.9 million.
Total stocks sold by Arab investors amounted to JD102.9 million or 66.9 per cent
of the overall sale transactions by non-Jordanians while shares sold by non-Arab
investors represented the remaining 33.1 per cent or JD50.9 million.
The ASE figures also showed that net foreign investment increased by JD3.9
million during last month compared to a drop by JD16.9 million during the same
month last year.
Stocks purchased by non-Jordanian investors during August totalled JD17.5
million or 9.5 per cent of the overall trading volume compared to JD18.3 million
during the same period last year.
Stocks sold by the same bracket of investors stood at JD13.6 million compared to
JD35.2 million during the same month last year.