ASE Market Capitalization Weighted Index explained

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 create 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 sector, service sector and industrial sector. The lists are alphabetized by stock symbol.

Banking sector

SymbolCompanyNotes
ABCOArab Banking Corporation/Jordan
AJIB Arab Jordan Investment Bank
ARBK Arab Bank
BOJX Bank of Jordan
CABK Cairo Amman Bank
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
JONB Jordan National Bank
THBK The Housing Bank for Trade and Finance
UBSI Union Bank for Savings and Investment

Insurance sector

SymbolCompanyNotes
AAINAl-Nisr Al-Arabi Insurance
AIUIArab Union International Insurance
ARAIArab American Takaful Insurance
ARASThe Arab Assurers
JIJCJordan International Insurance
JOINJordan Insurance
MEINMiddle East Insurance

Service sector

SymbolCompanyNotes
AAFIAl-Amin for Investment
ABMSAl-Bilad Medical Services
AEIVArab East Investment
AIHO
AMALAl-Amal Investment
AMWLPortfolio Management and Investment Services
AREDArab Real Estate Development
BAMBBeit El Mal Savings and Investment for Housing
EMAREmmar Investments and Real Estate Development
IBFMInternational Brokerage and Financial Markets
ICMIInternational for Medical Investment
ITSCIttihad Schools
JEIHJordanian Expatriate Investment Holding
JETT
JOEP
JOITJordan Investment Trust
JNTHAl-Tajamouat for Catering and Housing
JTEL
MERM
NAQL
NPSC
PRES
REALArab East for Real Estate Investments
REDVReal Estate Development
REINReal Estate Investment
SHIP
SITT
SPICSpecialized Investment Compounds
TAMRJordan Tammer
UAICUnited Arab Investors
ULDCUnion Land Development Corporation
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 Loan Guarantee Association
Jordanian Real Estate for Development
The Real Estate and Investment Portfolio

Industrial sector

SymbolCompanyNotes
AALU
ACDT
AIFF
APMC
APOT
CEBC
DADI
ELZA
FNVO
IENG
ITCC
JNCCJordan New Cable
JOCF
JOCM
JOIR
JOPH
JOPI
JOPT
JOST
JOWM
MECE
NATA
NATC
NAST
RMCC
UMIC
UTOB
WIRE

External links