AMMAN, JORDAN – Data released by the Amman Stock Exchange reveals that non-Jordanian investors bought shares worth US$12.5 million (JD8.9 million) in February 2024, accounting for 8.7 percent of the month’s total trading volume.
Conversely, these investors offloaded shares valued at US$44.7 million (31.7 million dinars) during the same timeframe.
From the beginning of the year until the end of February 2024, non-Jordanian investments in the stock exchange totaled approximately US$21.8 million (JD15.5 million) in purchases, representing 7.2 percent of the aggregate trading volume.
Sales by non-Jordanian entities during this period reached US$59.6 million (JD42.3 million).
Arab investors predominantly contributed to the non-Jordanian investment pool, with purchases amounting to US$11.7 million (JD8.3 million), or 93.6 percent of non-Jordanian acquisitions in February.
Non-Arab investors made up the remainder, purchasing US$0.8 million (JD0.6 million) worth of shares, equivalent to 6.4 percent of non-Jordanian purchases.
Regarding sales, Arab investors sold shares totaling US$14.6 million (JD10.4 million), constituting 32.7 percent of non-Jordanian sales for February, while non-Arab investor sales were more significant at US$30 million (JD21.3 million), making up 67.3 percent of the total.
By the end of February 2024, non-Jordanian investors held approximately 47.1 percent of the total market value on the Amman Stock Exchange.
Legal investment institutions, including corporations, establishments and funds, accounted for 35.3 percent of this figure.
Arab and non-Arab contributions to the market value stood at 32.2 percent and 14.9 percent, respectively.
In sectoral terms, non-Jordanian investment was notably high in the financial and industrial sectors, with contributions of 51.3 percent and 52.4 percent, respectively.
The services sector saw a lower contribution rate of 21.4 percent from non-Jordanian investors.