JSF’s investor confidence index remains stable during August-September period

AMMAN — The Jordan Strategy Forum’s (JSF) Jordan Investor Confidence Index remained unchanged at 133.1 points for the August-September period.

Confidence in real economy sub-index increased by 0.45 per cent to 121 points in December, while the capital of registered companies dropped from JD14.55 million last August to reach JD1.127 million in September 2020, according to JSF data, cited by the Jordan News Agency, Petra.

The number of registered companies saw a decrease from 139 to 105 for the same comparison period, the JSF report showed.

The index aims to measure the confidence of investors operating in the Jordanian market through three sub-indices: Confidence in the Jordanian dinar and the monetary system, confidence in the real economy and confidence in the financial system.

Meanwhile, confidence in the Jordanian dinar and the monetary system dropped by 1.17 points to reach 190.3 points in September 2020, compared with 191.5 points in August, as the value of the Gross Foreign Reserves of the Central Bank of Jordan (CBJ) remained at JD13.9 billion in the August-September period, 2020, according to the JSF figures.

Confidence in the monetary system remained unchanged at 100 points between August and September, where the index of the Amman Stock Exchange (ASE) went up by 38.77 point to 2,981 points in September.

The percentage of shares bought by foreign investors in September increased to 84 per cent compared with 71 per cent in the previous month, the JSF said.