Amman Stock Exchange
The Federation of Euro-Asian Stock Exchanges
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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
Despite the challenges and difficult circumstances facing the region, given the stability of the national economy in the face of these challenges and achieving positive indicators during the past year, the ASE managed to maintain its balance. The Amman Stock Exchange General Index weighted by free float shares ASEGI recorded a slight decrease to 2431.2 points at the end of 2023, compared to 2501.6 points at the end of 2022, representing a decrease of 2.8%. It is noteworthy that this comparison is with the index at the end of 2022, which reached its highest levels since 2009. It should be noted that the closing of 2023, excluding the 2022 closing, remains at its highest level since 2010. The price index weighted by free float market capitalization ASE20 decreased to reach 1308.8 points at the end of 2023, compared to 1345.3 points at the end of 2022, a decrease of 2.7%. The Total Return Index ASETR, which measures the change in the prices of index sample companies' stocks, in addition to their cash distributions assuming reinvestment in the index companies' stocks, increased to reach 1488.5 points at the end of 2023, compared to 1430.2 points at the end of 2022, representing an increase of 4.1%. The market capitalization of listed companies on the ASE decreased to reach JD16.9 billion, a decrease of 5.9%, compared to the market capitalization at the end of 2022. It is worth mentioning that the market capitalization at the end of 2023, excluding the 2022 closing, is still at its highest level since 2018.
As for the trading value, it decreased during the year 2023 to approximately JD1.5 billion, compared to about JD1.9 billion in 2022, representing a decrease of 23.5%. The number of traded shares in 2023 was about 1.1 billion shares executed through approximately 686 thousand contracts, compared to 1.2 billion shares traded in 2022, executed through about 738 thousand contracts.
ASE has persisted in fulfilling its role by providing a secure environment for securities trading and enhancing investors' confidence. This has been achieved through necessary measures and the development of strategic plans encompassing various projects and programs with the aim of strengthening the ASE's competitiveness, enhancing legislative and technical frameworks, and promoting the digital transformation journey in alignment with the latest international standards and practices. This effort aims to strengthen the investment climate and increase the attractiveness of the ASE for both local and foreign investments.
ASE has continued its efforts to promote sustainability and enhance disclosure and transparency in the market. However, 100% of the listed companies in the ASE20 index sample provided sustainability reports for the year 2022 within the specified deadline set by the ASE's sustainability reporting rules. This was done through the XBRL electronic disclosure system, in accordance with the latest international standards and practices, aiming to strengthen sustainability.
The ASE also issued rules for managing investors’ relations in listed companies, obligating listed companies in the ASE20 index to establish a dedicated Investor Relations unit by the end of the year 2023. The ASE has obtained the conformity certificate for the International Quality Management System Standard (ISO 9001:2015) from TÜV AUSTRIA Group after an auditing process and examination of documents conducted by the accredited body TÜV AUSTRIA/JORDAN in Jordan.
The ASE met all the requirements and standards of the international certificate following the completion of the auditing process, document examination, and verification of the ASE's adherence to the conditions of the Quality Management System according to international standards.
In the context of the ASE's efforts to enhance its security and protection system to provide necessary protection for its various systems and equipment according to the best practices and specialized global technologies in this field, a Security Information and Event Management (SIEM) project has been implemented.
Year in review