ASE Market Capitalization Weighted Index
Encyclopedia
The ASE Market Capitalization Weighted Index is a stock index of the Amman Stock Exchange
in Jordan
. The ASE Weighted Index is one of two principal stock indices on the exchange, the other being the ASE Unweighted Price Index.
The ASE Unweighted Index was created in 1980 and was very successful. The ASE went on to created a weighted index in 1992. The weighted index, whose constituents are listed below, attaches a value to each stock price based on the total market capitalisation of each stock; that is, the total amount of money the stock is worth on the stock market. The Unweighted Index calculates an index value based on the price alone.
, service sector and industrial sector. The lists are alphabetized by stock symbol.
Amman Stock Exchange
Amman Stock Exchange is a stock exchange private institution in Jordan. It is named "Amman" after the country's capital city, Amman.-History:...
in Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
. The ASE Weighted Index is one of two principal stock indices on the exchange, the other being the ASE Unweighted Price Index.
The ASE Unweighted Index was created in 1980 and was very successful. The ASE went on to created a weighted index in 1992. The weighted index, whose constituents are listed below, attaches a value to each stock price based on the total market capitalisation of each stock; that is, the total amount of money the stock is worth on the stock market. The Unweighted Index calculates an index value based on the price alone.
Index listings
Both the weighted and unweighted indices use the same list of stocks. The constituents of the ASE indices are evaluated each year. The 70 stocks listed here are the 2007 version of the index. They are categorized by sector: banking sector, insurance sectorInsurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
, service sector and industrial sector. The lists are alphabetized by stock symbol.
Banking sector
| Symbol | Company | Notes |
|---|---|---|
| ABCO | Arab Banking Corporation/Jordan | |
| AJIB | Arab Jordan Investment Bank | |
| ARBK | Arab Bank Arab Bank Arab Bank is one of the largest financial institutions in the Middle East. Established in Jerusalem in Palestine in 1930 as a small bank, it has evolved into a group with the largest worldwide Arab network with over 500 branches in 30 countries on five continents, participating in financial markets... |
|
| BOJX | Bank of Jordan Bank of Jordan The Bank of Jordan is a bank in Jordan. It was founded in 1960 and is based in Amman. The Bank of Jordan offers credit cards and internet banking. It operates over 60 bank branches in Jordan and 8 branches in the West Bank and Gaza Strip areas, and over 60 automated teller machines.The bank's... |
|
| CABK | Cairo Amman Bank Cairo Amman Bank The Cairo Amman Bank is a full service bank in Jordan and the Palestinian territories, with headoffice in Amman. The headoffice for the Palestinian territories is in Ramallah. The bank operates about 70 branches and offices in Jordan and 21 in the Palestinian territories. CAB currently ranks 6th... |
|
| EXFB | Capital Bank of Jordan | |
| JIFB | Jordan Investment and Finance Bank | |
| JOGB | Jordan Commercial Bank | |
| JOIB | Jordan Islamic Bank for Finance and Investment | |
| JOKB | Jordan Kuwait Bank Jordan Kuwait Bank Jordan Kuwait Bank, a Jordanian public shareholding company, was founded in 1976 and has successfully evolved in to a major player in the Jordanian banking system over the last few years. The bank currently operates a domestic network of 52 branches and offices distributed throughout Jordan in... |
|
| JONB | Jordan National Bank | |
| THBK | The Housing Bank for Trade and Finance | |
| UBSI | Union Bank for Savings and Investment | |
Insurance sector
| Symbol | Company | Notes |
|---|---|---|
| AAIN | Al-Nisr Al-Arabi Insurance | |
| AIUI | Arab Union International Insurance | |
| ARAI | Arab American Takaful Insurance | |
| ARAS | The Arab Assurers | |
| JIJC | Jordan International Insurance | |
| JOIN | Jordan Insurance Jordan Insurance Company Jordan Insurance Company is a full service insurance company in Jordan. JIC offers the following insurance:*Marine Insurance*Motor Insurance*Life Insurance*Casualty insurance*Health Insurance*Property insurance.... |
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| MEIN | Middle East Insurance | |
Service sector
| Symbol | Company | Notes |
|---|---|---|
| AAFI | Al-Amin for Investment | |
| ABMS | Al-Bilad Medical Services | |
| AEIV | Arab East Investment | |
| AIHO | Arab International Hotels | |
| AMAL | Al-Amal Investment | |
| AMWL | Portfolio Management and Investment Services | |
| ARED | Arab Real Estate Development | |
| BAMB | Beit El Mal Savings and Investment for Housing | |
| EMAR | Emmar Investments and Real Estate Development | |
| IBFM | International Brokerage and Financial Markets | |
| ICMI | International for Medical Investment | |
| ITSC | Ittihad Schools | |
| JEIH | Jordanian Expatriate Investment Holding | |
| JETT | Jordan Express Tourism Transport | |
| JOEP | Jordanian Electric Power | |
| JOIT | Jordan Investment Trust | |
| JNTH | Al-Tajamouat for Catering and Housing | |
| JTEL | Jordan Telecom Jordan Telecom Jordan Telecom is a privatised company, now belonging to the Jordan Telecom Group .-History:The history of Telecommunications in Jordan can be traced back to early 1921. After the foundation of the Hashemite Kingdom of Jordan, the Ministry of Post, Telegraph and Telephony was established which... |
|
| MERM | Al-Tajamouat for Touristic Projects | |
| NAQL | Transport and Investment Barter | |
| NPSC | National Portfolio Securities | |
| PRES | Jordan Press Foundation/Alra'i | |
| REAL | Arab East for Real Estate Investments | |
| REDV | Real Estate Development Real estate development Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others... |
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| REIN | Real Estate Investment | |
| SHIP | Jordan National Shipping Lines | |
| SITT | Salam International Transport and Trading | |
| SPIC | Specialized Investment Compounds | |
| TAMR | Jordan Tammer | |
| UAIC | United Arab Investors | |
| ULDC | Union Land Development Corporation | |
| Al Dawliya for Hotels & Malls | ||
| Al-Sharq Investments Projects | ||
| Amad and Handi Housing | ||
| Arab International for Investment and Education | ||
| Comprehensive Land Development Land and Investment | ||
| Consulting and Investment Group | ||
| International Arabian Development and Investment Trading | ||
| Investors and Eastern Arab for Industrial and Real Estate Investments | ||
| Jordan Investment and Tourism Transport (Alfa) | ||
| Jordan Loan Guarantee Association | ||
| Jordanian Real Estate for Development | ||
| The Real Estate and Investment Portfolio | ||
| Specialized Trading and Investment | ||
| Zara Investment (Holding) |
Industrial sector
| Symbol | Company | Notes |
|---|---|---|
| AALU | Arab Aluminium Industry | |
| ACDT | Arab Chemical Detergents Industries | |
| AIFF | The Arab International Food Factories | |
| APMC | Arab Pharmaceutical Manufacturing Arab Pharmaceutical Manufacturing The Arab Pharmaceutical Manufacturing Company is a pharmaceuticals and healthcare company based in Jordan. Its headquarters are located in Amman. APM was founded in 1962 and it operates two main production facilities, in Al Salalem and Buhayra... |
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| APOT | Arab Potash Arab Potash Arab Potash is a company that is primarily involved in harvesting minerals from the Dead Sea. The company was formed in 1956 as a pan-Arab business venture and has a 100-year concession from the government of Jordan to manufacture and market mineral products derived from the Dead Sea. It is... |
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| CEBC | Al Faris National Company for Investment and Export | |
| DADI | Dar al Dawa Development and Investment | |
| ELZA | El-Zay Ready Wear Manufacturing | |
| FNVO | First National Vegetable Oil | |
| IENG | Rum Metal Industries | |
| ITCC | International Tobacco and Cigarettes | |
| JNCC | Jordan New Cable Jordan New Cable The Jordan New Cable Company is a manufacturing company based in Jordan. The company was founded in 1992 and its main production facility located about 60 kilometers from Amman... |
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| JOCF | Jordan Ceramic Industries Jordan Ceramic Industries Jordan Ceramic Industries is a geaser manufacturing company in Jordan. It was founded in 1966 ,i think ,and is based in Zarka and Amman. Jordan Ceramic produces floor and wall tiles, and vitreous sanitary ware, i.e. toilets, sinks and showers. It operates 3 factories; it produces 2.5 million,... |
|
| JOCM | The Jordan Cement Factories | |
| JOIR | Industrial Resources | |
| JOPH | Jordan Phosphate Mines Jordan Phosphate Mines Jordan Phosphate Mines is a mining company based in Jordan. It was founded in 1949 and its main offices are located in Amman. The company operates 3 mining facilities in Jordan and a chemical manufacturing complex in Aqaba... |
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| JOPI | The Jordan Pipes Manufacturing | |
| JOPT | Jordan Petroleum Refinery | |
| JOST | Jordan Steel Jordan Steel Jordan Steel is a steel company in Jordan. According to the company's website, it is Jordan's largest steelmaker, with a production capacity of 300,000 metric tons of steel per year... |
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| JOWM | The Jordan Worsted Mills | |
| MECE | Middle East Complex for Engineering | |
| NATA | National Aluminium Industrial | |
| NATC | National Chlorine | |
| NAST | National Steel Industry | |
| RMCC | Ready Mix Concrete and Construction Supplies | |
| UMIC | Universal Modern Industries | |
| UTOB | Union Tobacco | |
| WIRE | National Cable and Wire Manufacturing | |
| Al-Quds Ready Mix | ||
| Century Investment Group | ||
| Comprehensive Multiple Projects | ||
| The Industrial Commercial and Agricultural | ||
| Jordan Pharmacy Manufacturing | ||
| Middle East Pharmaceutical Industries | ||
| Union Chemical and Vegetable Oil Industries | ||