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Investors’ confidence slightly down in September — index

By JT - Dec 24,2016 - Last updated at Dec 24,2016

AMMAN — Investors’ confidence decreased to 87.31 in September from 91.4 points in August, according to the monthly — published Jordan Investor Confidence Index. The index, published by the Jordan Strategy Forum, seeks to measure investors’ confidence, relying on three factors, in particular.

These are the strength of the Jordanian dinar and the monetary system, confidence in the real economy, and confidence in the Amman Stock Exchange.

Confidence in the monetary system fell by 0.75 points to 89.60 despite a minor increase in Central Bank of Jordan’s foreign reserves which reached JD 11,838 million in September 2016. Moreover, the number of registered companies decreased to 685 in September from 785 companies in the previous month.

This was accompanied by a decrease in the capital of these registered companies to JD 5.6 million in September from JD13.9 million in August, according to a statement of the forum. 

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