ANNUAL REPORT 2015
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
AMMAN STOCK EXCHANGE
The ambitious strategic plan that the ASE adopted for the years
(2016‑2018) will surely give the ideal momentum to the ASE
to maintain and sustain its position among the most successful
exchanges in the Middle East.
Nader Azar
Chief Executive Officer
In 2014, the ASE achieved a positive performance for
the second consecutive year. The ASE free float price
index increased by 4.82%. The market capitalization of
listed shares at the ASE decreased by 0.8% compared
with the closing of last year, constituting 75.8% of
the GDP. The trading value for the ASE decreased by
25.2% reaching JD 2.3 billion compared with 2013. In order to modernize the market according
to international standards, increasing the ASE
competitiveness, enhancing the investors’ confidence
in the market, and raising public awareness, the ASE
is currently developing an ambitious strategic plan
for the coming three years (2016-2018). The plan will
include a number of projects such as:
In 2014 the ASE has witnessed a number of
improvements. On the legislative level; the ASE
reviewed, amended and issued several internal
regulations and bylaws. The ASE has also applied
the procedures issued by the Jordan Securities
Commission for the year 2014 regarding the listed
companies in the market, of which accumulated losses
reach 50% or more of their capital. On the technical
level; the ASE started a joint project with Muscat,
Beirut and Tunisia stock exchanges aiming to upgrade
their electronic trading system to a new version
developed by the Euronext Technologies Company and
an agreement was signed in this regard. This version is
characterized by a variety of advanced technical and
functional features. • T ransforming the legal status of the ASE to a for-
profit public shareholding company.
• Upgrading the ASE classification in the MSCI
Market classification from Frontier to Emerging
Market
• Upgrading the trading system to a new version
which will include variety of advanced technical
and functional features;
• Implementing new surveillance system that will
enable the ASE to monitor trading activities in
the market on real time basis by providing early
warning signs through the use of alerts;
• Implementing XBRL disclosure system in both Arab
and English languages. It will improve transparency
at the ASE.
key HigHligHts Of tHe year
Companies and market capitalization
Number of Listed Companies
Domestic companies
Foreign companies
Number of new Listings
Domestic Market Capitalization (US$ million)
Trading
Value of share trading (US$ million)
Number of share trades (thousand)
Value of bond trading (US$ million)
Number of bond trades
Index
ASE 100 Index
31.12.2013 31.12.2014
240
240
0
2
25,717.2 236
236
0
3
25,504.4
4,269.8
1,074
2.88
2,058 3,192.4
956
0.028
20
2,065.8 2,165.5
• Motivating family businesses to go public and list
their shares in the ASE.
• Organizing campaigns to raise public awareness
including journalists, students, and other interested
parties; and organizing road shows outside Jordan
to introduce investment opportunities at the ASE.
• Calculating a branded index for the ASE;
• Motivate companies to issue bonds and Sukuk; and
• Establishing special markets, e.g. markets for new
financial instruments and SMEs.
In 2016, the ASE is looking forward to complete
its privatization and become a for-profit public
shareholding company. This step will lead the ASE
to have a clearer focus on the needs of customers;
a fast and more effective approach in decision-
making; flexibility to respond swiftly to changes in
international business arena; a fully commercial basis
of operation; an understanding of the needs of its
stakeholders; and a better motivated staff.
“
In 2014, the ASE achieved a
positive performance for
the second consecutive
year.
”
ABOUT AMMAN STOCK EXCHANGE
Established: 1999
Chairman: Marwan Batayneh
Address: Arjan Area, Near Ministry of Interior,
Amman-Jordan
Contact name: CEO / Nader Azar
E: [email protected]
W: www.exchange.jo
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