Grows Fourfold, 61 Percent Of Shares On Indonesia Stock Exchange Are Sharia-Based

Photo: Doc. Antara

BATAM - Director of Development of the Indonesia Stock Exchange (BEI) Jeffrey Hendrik said, as many as 61 percent of the 810 shares listed on the IDX are sharia shares. He explained that this contributed to the daily transaction value of 50 percent on the IDX.

"Market conditions related to the needs of sharia investors in the last 5 years have almost quadrupled growth. Then, 61 percent of our sharia shares of the 810 stocks listed on the Indonesia Stock Exchange are sharia shares," said Jeffrey, quoted by Antara, Monday, November 7.

Regarding the number of issuers, Jeffrey said that by 2022 there were 54 new companies listed on the IDX so there were 820 listed companies.

"The addition of issuers this year until yesterday was 44 new listed companies, and tomorrow there will be six new companies listed on the IDX including Blibli. On the 9th there are two more companies. And on the 10th there are two more companies that are listed on the Stock Exchange. And soon we will to be number 1 in the ASEAN region," he said.

There are several things that IDX will do in deepening the capital market, which consists of increasing the number of investors through 30 IDX representative offices in Indonesia.

"Then 300 investment galleries in collaboration with the IDX, and of course support from the media in educating the public about investment opportunities in the capital market," said Jeffrey.

He further explained that the effort to deepen the capital market is to add products.

In addition to increasing the number of listed companies, IDX will also invite several prospective issuers from companies in Batam City to convey the benefits of being a listed company.

"Hopefully, we can add more from the existing 6 companies listed in Batam City," said Jeffrey.