FEAS Yearbook FEAS Yearbook 2024 | Página 48

The Federation of Euro-Asian Capital Markets

Amman Stock Exchange

About Company

Established: 1999

Address: Amman - Arjan Area, Near Ministry of Interior

Contact person: Amjad Qudah

Email: [e-mail]

Website: www.ase.com.jo

- Joined FEAS in 1995 as Founding member -

Mazen Wathaifi

Chief Executive Officer

Despite the challenges faced the ASE and the national economy in 2024, which impacted the economic activity and the financial markets in the region, the ASE continued to play its role in providing a safe environment for trading securities and enhancing investors’ confidence to attract more investments and contribute to the development and strengthening of the national economy. The ASE General Index (ASEGI), increased by 2.4%, reaching 2488.8 points by the end of 2024, compared to 2431.2 points at the end of 2023. Noting that this closing is the highest since 2009, excluding the closing of 2022. Additionally, the ASE20 Index increased by 2.7%, reaching 1344.0 points by the end of 2024, compared to 1308.8 points at the end of 2023. The Total Return Index (ASETR), increased by 10.3%, reaching 1641.5 points by the end of 2024, compared to 1488.5 points at the end of 2023. The market capitalization increased to approximately JD17.7 billion, a 4.2% increase compared to the market capitalization at the end of 2023. It is worth noting that the market capitalization at the end of 2024, excluding the closing of 2022, was at its highest level since 2015.

As for trading value, it decreased in 2024 to approximately JD1.2 billion, compared to about JD1.5 billion in 2023, a decrease of 17.7%. The number of traded shares during 2024 reached approximately 913.2 million shares, executed through 543,000 contracts, compared to 1.1 billion shares traded in 2023 through 686,000 contracts.

Many sectors achieved an increase in the prices of their listed companies' shares by the end of 2024. The following sectors witnessed an increase in their indices as follows: Insurance 9.33%, Technology and Communication 10.66%, Utilities and Energy 7.31%, Chemical Industries 12.82%, Engineering and Construction Industries 21.86%, Mining and Extraction Industries 36.28%, and Electrical Industries 44.47%.

 The ASE has been actively pursuing the objectives of the Economic Modernization Vision and its strategic goals by implementing various projects. A notable achievement is that the ASE and the Securities Depository Center (SDC) signed an agreement with Abu Dhabi Securities Exchange (ADX), which aims to join "Tabadul" Hub operatedby ADX and includes some Arab and Asian stock exchanges, enhancing regional and global market integration and attracting Arab and foreign investments. Furthermore, it provides interconnection among the Hub’s members' markets and facilitates mutual access by brokerage firms in each market to enable them and investors to easily seize available investment opportunities.

Year in review