Amman Stock Exchange Overview and Insights

The Amman Stock Exchange (ASE) is the primary stock exchange in Jordan, located in Amman, the capital city. It's a significant platform for investors to buy and sell securities.

The ASE was established in 1999 and is a member of the Federation of Euro-Asian Stock Exchanges (FEAS). This membership allows the ASE to connect with other stock exchanges across the region.

With over 200 listed companies, the ASE offers a diverse range of securities, including stocks, bonds, and sukuk. This diversity provides investors with various options to suit their investment goals and risk tolerance.

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The Amman Stock Exchange was established in March 1999 as a non-profit, private institution with administrative and financial autonomy. It was authorized to function as an exchange for the trading of securities.

The ASE is governed by a seven-member board of directors, with a chief executive officer overseeing day-to-day responsibilities and reporting to the board. The members of ASE are Jordan's 68 brokerage firms.

In 2017, the ASE became a state-owned company under the name "The Amman Stock Exchange Company (ASE Company)" on February 20th.

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The early years of ASE were marked by a strong foundation in electronics and automotive repair. ASE was established in 1972 by the National Institute for Automotive Service Excellence (ASE) to improve the quality of automotive repair and service.

ASE's first certification program was launched in 1972, initially covering only brakes and electrical systems. This marked the beginning of a rigorous testing and certification process that would become the standard for the industry.

The first ASE certification tests were written and administered by a team of experienced technicians and educators who understood the importance of standardized testing. These early tests were designed to assess a technician's knowledge and skills in a specific area of automotive repair.

ASE's early years were characterized by a focus on building a strong network of certified technicians and repair shops. By the mid-1970s, ASE had already certified thousands of technicians and established a reputation as a leading authority in the industry.

The certification process itself was designed to be challenging and comprehensive, with tests covering a wide range of topics and skills. ASE's commitment to excellence and customer satisfaction quickly earned the organization a loyal following among technicians and repair shops.

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The Amman Stock Exchange has a rich history, and here are some key milestones that mark its journey.

The ASE was established in March 1999 as a non-profit, private institution with administrative and financial autonomy.

It's interesting to note that the ASE was initially governed by a seven-member board of directors, with a chief executive officer overseeing day-to-day responsibilities and reporting to the board.

The ASE became a state-owned company under the name "The Amman Stock Exchange Company (ASE Company)" on February 20, 2017.

Today, the ASE is a member of several international organizations, including the Arab Federation of Exchanges, the Federation of Euro-Asian Stock Exchanges (FEAS), and the World Federation of Exchanges (WFE).

The ASE's commitment to fairness, transparency, efficiency, and liquidity has been a key factor in its success, and it continues to work closely with the Jordan Securities Commission JSC on surveillance matters.

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The Amman Stock Exchange has a clear leadership structure, which is crucial for its success. Kamal Ahmad Al-Qudah serves as the Chairman.

The CEO is Mazen Wathaifi, who plays a vital role in overseeing the day-to-day operations of the exchange.

The Amman Stock Exchange (ASE) has been experiencing its most robust bull run in over a decade, with double-digit gains across all indices.

Trading volumes have reached levels not seen since before the 2008 global financial crisis, with average daily turnover jumping by 83.2 per cent year-on-year to JD7.58 million.

The industrial sector has led the rally, with its market value rising by 42 per cent to JD9.19 billion, driven by strong earnings from extractive industries, particularly phosphate and potash producers.

The ASE General Index (ASEGI) closed July at 2,914.79 points, up 92 per cent from its pandemic-era low of 1,551.37 in late 2020 – the highest reading since 2009.

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The ASE offers a range of stock indices to track market performance.

The ASE Unweighted Index is one of the stock indices offered by the ASE.

The ASE Market Capitalization Weighted Index is another index that helps investors understand market trends.

The ASE Free Float Index is a type of index that's used to gauge market performance.

These indices provide a comprehensive view of the market, giving investors valuable insights into market trends and performance.

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Market Trends are shifting rapidly, with a notable increase in online shopping. Many consumers are now turning to digital platforms for their purchasing needs, with a significant rise in e-commerce sales.

The COVID-19 pandemic has played a major role in this trend, with lockdowns and social distancing measures forcing people to shop from home. This shift has been particularly pronounced among younger generations, who are more likely to use digital channels for their shopping needs.

Global e-commerce sales are projected to reach $6.5 trillion by 2023, up from $3.9 trillion in 2019. This growth is driven by increasing internet penetration, improved mobile connectivity, and a growing demand for convenience and speed.

As a result, businesses are adapting by investing in digital transformation and online marketing strategies. This includes developing e-commerce platforms, improving website user experience, and leveraging social media for customer engagement.

The average online shopper is now spending around 20% more per order than they were pre-pandemic, with many consumers prioritizing convenience and flexibility over traditional brick-and-mortar shopping.

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The Amman Stock Exchange (ASE) is witnessing its most robust bull run in over a decade, with double-digit gains across all indices and trading volumes reaching levels not seen since before the 2008 global financial crisis.

The ASE's total market capitalisation surged by 26.3 per cent in the first seven months of 2025, reaching JD22.3 billion, up from JD17.65 billion at the end of 2024, the highest valuation since 2010.

Average daily turnover jumped by 83.2 per cent year-on-year to JD7.58 million, reflecting a significant uptick in investor appetite and a notable improvement in market liquidity.

The industrial sector led the rally, with its market value rising by 42 per cent to JD9.19 billion, buoyed by strong earnings from extractive industries, particularly phosphate and potash producers.

Trading activity was particularly vigorous in industrial shares, where turnover more than doubled (+130 per cent).

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The Amman Stock Exchange has been in operation since 1999, making it a relatively new exchange in the region.

The exchange has a market capitalization of over $100 billion, making it one of the largest in the Middle East.

The Amman Stock Exchange has a total of 170 listed companies, offering a diverse range of investment opportunities to investors.

These companies come from various sectors, including banking, construction, and services.

The exchange has implemented various measures to increase transparency and efficiency, including the introduction of electronic trading systems.

Investors can access the exchange's services through a network of brokers and dealers.

The Amman Stock Exchange (ASE) has been on a strong positive trajectory since the beginning of 2025, with the ASE General Index (ASEGI) increasing by 14.8%.

This growth reflects improved performance among listed companies and growing investor confidence in the Jordanian financial market.

The ASE20 index, representing large-cap companies, rose by 15.63% to a value of JD1.55 billion since January.

Daily trading volume saw a significant jump, increasing from JD3.8 million at the start of the year to JD10.3 million in mid-July, representing a growth of 46.97%.

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The market capitalisation of listed shares expanded by 23.3%, approximately JD4 billion, indicating heightened valuation confidence among both local and foreign investors.

The market capitalisation of the ASE as a percentage of Jordan’s GDP has risen to 57.5%, up from 48.9% at the end of 2024.

Government stimulus measures have played a significant role in invigorating the economy and supporting market confidence.

The favourable performance is attributed to the strong macroeconomic outlook and optimistic forecasts for further positive results.