Company's code Symbol code Company's Name Factor Weight
141098 ASPMM ARABIAN STEEL
PIPES
MANUFACTURING
0.25 0.09
141106 IDMC AD-DULAYL
INDUSTRIAL PARK &
REAL ESTATE
COMPANY P.L.C
0.70 0.36
141208 AQRM AL-QUDS READY MIX 0.35 0.10
141209 MBED THE ARAB
PESTICIDES &
VETERINARY DRUGS
MFG. CO.
0.65 0.79
141210 HPIC HAYAT
PHARMACEUTICAL
INDUSTRIES CO.
0.35 0.27
141215 UCIC UNITED CABLE
INDUSTRIES
0.50 0.23
142041 JOPT JORDAN PETROLEUM
REFINERY
0.6017 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 its 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, and 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 weighs more than (10%) of the market capitalization
of the index.
Source URl:
https://www.ase.com.jo/en/print/pdf/node/50
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