خصائص الاستثمار في بورصة عمان قبل و بعد الأرمة المالية العالمية

Abstract EN

The study aimed to explore the basic investment characteristics in Amman Stock Exchange (ASE) (before and after the global financial crisis.

The study included the daily close prices of all the major stock indices during the period of the crisis, which includes: Free Float, (FF); (Price Weighted, (PW) and Unweighted, (UW), and in each of them there were four sectoral sub-indices: Banking; Insurance; Services and Industrial.

Paired sample t-test was used to test the research hypotheses.

The results showed that there are statistical significant differences for each of the rates of return; risk and the coefficient of variation for all financial indices before and after the global financial crisis.

The study also revealed that common equity in ASE have been affected differently according to the affiliation of each index, but generally it can be said that the industrial and banking sectors are the two most affected by the global financial crisis.

A number of recommendations have presented including the need to reconsider the composition of some market indices, where results showed the presence of severe convergence considering the investment characteristics of these indices.