Amman Stock Exchange
The Federation of Euro-Asian Stock Exchanges
36
About Company
Established: 1999
Address: Amman - Arjan Area, Near Ministry of Interior
Contact person: Amjad Qudah
Email: [email protected]
Website: www.ase.com.jo
- Joined FEAS in 1995 as Founding member -
Mazen Wathaifi
Chief Executive Officer
Year 2021 was a distinguished year that witnessed many developments and achievements, despite the challenges that the stock exchange, the national economy and the world faced during that period. Positive indicators were achieved and the stock exchange continued to play its role of providing a safe environment for the trading of securities and enhancing investor’s confidence.
The trading value at the ASE increased during 2021 reaching JD2.0 billion; an increase of 87.2%, compared with JD1.0 billion for the year 2020. The number of traded shares reached 1.5 billion shares, traded through 818 thousand transactions, compared with 1.1 billion shares traded during 2020 through 421 thousand transactions.
The ASE price index weighted by free float shares ASE100 increased to reach 2118.6 point at the end of 2021, compared with 1657.2 point by the closing of 2020; an increase of 27.8%. In addition, the ASE price index weighted by free float shares ASE20 increased to reach 1074.4 point at the end of 2021, compared with 806.5 point by the end of 2020; an increase of 33.2%. The market capitalization of listed shares at the ASE increased to JD15.5 billion; an increase of 20.0% compared with the market capitalization of listed shares at the end of 2020. Thus, the market capitalization of listed shares at the ASE for 2021 constituted 49.9% of the GDP. The improvement of the stock market’s performance indicators for this year was supported by the improvement of the listed companies’ performance indicators in terms of achieving a significant increase in their profits, which reached 412.7% for the first half of year 2021 compared to the first half of year 2020, an increase of 285.4% in profits of listed companies for the third quarter of 2021 compared to the last year, in addition to the emergence of the recovery of the national economy and the improvement of its performance. The most important of which is the increase in the exports by 16%, and recording positive growth rates which reached 3.2% for the second quarter of this year compared to a negative growth rate last year of 1.6%, as well as the increase in foreign currency reserves and Jordanian remittances
abroad. In addition, the national capital market is now enjoying a regulatory and legislative infrastructure in accordance with the latest international standards and best practices in terms of disclosure, transparency, financial services and electronic systems. In this connection, the Amman Stock Exchange and Jordan Securities Commission and in order to enhance the technical infrastructure in the market and digital transformation, they launched the Electronic Disclosure System XBRL which provides the necessary information to investors in both Arabic and English languages. Also, the ASE launched the new trading system “Optiq” In March 2021 which was developed by Euronext, and it is implemented in the largest European stock exchanges, in addition to the launching of new features for mobile applications which enable investors to follow the trading live and direct and follow all information related to companies and their disclosures, in addition to reports, statistics and circulars issued by the ASE.
We hope also, that next year, will witness more implementation of projects aim to improve the investment climate and enhance the attractiveness of the stock market and listed companies to local and foreign investments.
Year in review
The new Electronic Trading System with the new version Optiq Project.
Launching the new Electronic Trading System (Optiq) under the patronage of H.E. the Minister of Finance, Dr. Muhammad Al-Assiss, which coincides with the occasion of the celebration of the centennial of the Jordanian state the 22nd anniversary of the establishment of the Amman Stock Exchange
Moving toward Sustainability.
ASE achieves positive indicators during 2021 and the highest annual gains since 2005.
“Sustainability is one of the most important issues for businesses today”
Dr. Rasha Dayyat / Director of Planning and Institutional Development/
Project of the year
Event of the year
Change of the year
Accomplishment of the year
Word of the year
Person of the year