name: Amman Stock Exchange Market Value Weighted Index
The ASE Market Capitalization Weighted Index is the stock index of the Amman Stock Exchange in Jordan. It is one of the two major stock indexes of the Amman Stock Exchange, and the other is the unweighted price index of the Amman Stock Exchange.
The unweighted index of the Amman Stock Exchange was created in 1980. Due to its success after the launch, Amman Securities Exchange continued to launch a weighted index in 1992. The weighted index calculates the value of each stock price based on the total market value of each stock, that is, the total value of the stock in the stock market. The unweighted index only calculates the index value based on the price.
Both the weighted and unweighted indexes of the Amman Stock Exchange use the same stock list, and the composition of the Amman Stock Exchange index is evaluated annually.
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