AMMAN — Amman Stock Exchange (ASE) has conducted the periodic quarterly review of the ASE indices constituents in purpose of ensuring that these indices reflect the market performance and the trading activity of the listed companies.

By this rebalancing, the activity of listed companies in regard to trading during the last quarter has been reviewed, according to ASE statement.

After that, the ASE has conducted its screening process for all listed companies based on the criteria used by the ASE represented by full market capitalisation of the companies and the number of trading days during the last quarter.

As a result of this review, 7 companies have been excluded from the general index sample ASEGI, and another 3 companies have been added.

The companies that have been excluded from the index sample were; Arabia Insurance Company, Jordan, Mediterranean Tourism Investment, Arab Phoenix Holdings, Comprehensive Multiple Transportations Company, Ibn Al Haytham Hospital Company, Jordan Dairy and Universal Modern Industries.

The companies that have been added to the index sample were; Salam International Transport and Trading, Nutri Dar and Jordan Vegetable Oil Industries.

As part of the process, the ASE calculated the free float for all listed companies on the ASE based on the data received from the Securities Depository Centre.

Noting that the ASE is setting a 10 per cent cap for the company's weight in the index to prevent the index from being dominated by individual companies; adjustments were made to the company’s weights listed in the ASEGI, ASE20 and ASETR indices.

Regarding the general index ASEGI, the full market capitalisation of the index constituents represents 95.0 per cent of the total market capitalization of the companies listed on the ASE.

The free float market capitalisation of the index constitutes represents 96.8 per cent of the total free float market capitalisation of the listed companies on the ASE.

As for the ASE20 index and ASETR index sample the full market capitalisation of the index constituents represents 89.0 per cent of the total market capitalisation of the companies listed on the ASE,

The free float market capitalisation of these companies represents 90.5 per cent of the total free float market capitalisation of the ASE listed companies, according to ASE statement.

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