ASE20 Sample for the Fourth Quarter 2019
|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|
|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.