01779cas a2200253 a 4500 AALejournalIMF009106 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864472 1018-5941 BD-DhAAL BD-DhAAL Petri, Martin. The Jordanian Stock Market-Should You Invest in It for Risk Diversification or Performance? / Martin Petri, Tahsin Saadi-Sedik. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk diversification. However, there is no cointegrating relationship between the ASE and other emerging or developed stock markets. Two of the main regional stock markets-Kuwait and Saudi Arabia-Grangercause the Jordanian stock market. The paper finds that there may have been some overvaluation at end-2005, but that the market correction in early 2006 and strong recent earnings growth have reduced overvaluation concerns. Mode of access: Internet Saadi-Sedik, Tahsin. IMF Working Papers; Working Paper ; No. 2006/187 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/187/001.2006.issue-187-en.xml IMF e-Library