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Constituents ASE20

ASE20 Sample for the Second Quarter 2021

Company's code

Symbol code

Company's Name

Factor

Weight

111001 JOIB  JORDAN ISLAMIC BANK  0.2791 9.50
111002 JOKB  JORDAN KUWAIT BANK  0.25 2.90
111004 THBK  THE HOUSING BANK FOR TRADE AND FINANCE  0.05 2.77
111005 AJIB  ARAB JORDAN INVESTMENT BANK  0.30 3.08
111006 SIBK  SAFWA ISLAMIC BANK  0.20 1.70
111007 UBSI  BANK AL ETIHAD  0.30 4.51
111014 INVB  INVEST BANK  0.55 4.13
111017 EXFB  CAPITAL BANK OF JORDAN  0.45 7.18
111021 CABK  CAIRO AMMAN BANK  0.45 6.21
111022 BOJX  BANK OF JORDAN  0.4143 9.50
111033 AHLI  JORDAN AHLI BANK  0.65 6.32
113023 ARBK  ARAB BANK  0.0619 9.50
131004 JOEP  JORDAN ELECTRIC POWER  0.70 4.34
131022 JDFS  JORDANIAN DUTY FREE SHOPS  0.20 2.13
131052 AIEI  THE ARAB INTERNATIONL FOR  EDUCATION & INVESTMENT.  0.50 3.25
131206 JTEL  JORDAN TELECOM  0.10 1.70
131286 MANE  AFAQ FOR ENERGY CO. P.L.C  0.10 0.75
141018 JOPH  JORDAN PHOSPHATE MINES  0.15 5.11
141043 APOT  THE ARAB POTASH  0.05 5.90
142041 JOPT  JORDAN PETROLEUM REFINERY  0.5783 9.50

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.