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Constituents ASE20

ASE20 Sample for the Fourth Quarter 2019

Company's code

Symbol code

Company's Name

Factor

Weight

113023 ARBK ARAB BANK 0.0474 9.50
142041 JOPT JORDAN PETROLEUM REFINERY 0.5650 9.50
111022 BOJX BANK OF JORDAN 0.4328 9.50
141048 EICO AL-EQBAL INVESTMENT COMPANY LTD 0.2400 9.50
111001 JOIB JORDAN ISLAMIC BANK 0.30 9.05
111004 THBK THE HOUSING BANK FOR TRADE AND FINANCE 0.10 8.94
111033 AHLI JORDAN AHLI BANK 0.60 6.05
111021 CABK CAIRO AMMAN BANK 0.45 4.62
111017 EXFB CAPITAL BANK OF JORDAN 0.40 4.28
141043 APOT THE ARAB POTASH 0.05 4.12
111007 UBSI BANK AL ETIHAD 0.30 4.07
111005 AJIB ARAB JORDAN INVESTMENT BANK 0.45 4.05
131004 JOEP JORDAN ELECTRIC POWER 0.70 3.94
111002 JOKB JORDAN KUWAIT BANK 0.25 3.73
131022 JDFS JORDANIAN DUTY FREE SHOPS 0.20 2.65
141018 JOPH JORDAN PHOSPHATE MINES 0.15 2.16
131206 JTEL JORDAN TELECOM 0.10 1.47
111006 SIBK SAFWA ISLAMIC BANK 0.20 1.43
131286 MANE AFAQ FOR ENERGY CO. P.L.C 0.10 0.83
131213 RJAL ALIA- THE ROYAL JORDANIAN AIRLINES PLC. 0.10 0.59

The Amman Stock Exchange calculates a price index weighted by the market capitalization of free-float shares. The market capitalization of each company included in the index is calculated by multiplying it's total number of listed shares with the last close price and then by a number called " factor " .

The calculation of this factor depends on the company's free-float ratio that represents the total listed shares minus the shares owned by the board of directors, investors who own more than 5% and any government ownership, then this factor is multiplied with adjusted weight factor which depends on the weight of company before and after capping. The ASE changes the value of this factor at the time of the index re-balancing.

The weight of each individual company is capped at (10%) in order to prevent the index from being dominated by individual companies. Therefore, the factor value is reduced for any company which weights more than (10%) of the market capitalization of the index.