Amman Stock Exchange

The Amman Stock Exchange (ASE) is Jordan's national securities exchange, headquartered in Amman. It provides an organized marketplace in which securities can be listed and traded, prices can be formed through market activity, and information about issuers and transactions can be disseminated to investors and the public. Its principal market instruments include listed equities, bonds, and rights issues, while its published indices include the ASE Unweighted Index, the ASE Market Capitalization Weighted Index, and the ASE Free Float Index. The exchange was established in March 1999 as a private, non-profit institution with administrative and financial autonomy. Its creation formed part of the reorganization of Jordan's securities-market infrastructure and followed the earlier Amman Financial Market. Under the reformed framework, the exchange's responsibilities center on operating the securities market, while regulatory supervision and securities custody and settlement are handled through other specialized institutions, including the Jordan Securities Commission and the Securities Depository Center. The ASE serves several groups within Jordan's capital market. Listed companies use the exchange to raise capital and provide a public market for their securities. Investors use it for price discovery, portfolio transactions, and access to Jordanian listed issuers. Brokerage firms and other intermediaries participate in the trading system and support transactions for clients. The exchange also publishes daily, weekly, monthly, and yearly bulletins, together with statistical information intended to improve market transparency. The institution is governed by a seven-member board of directors, while a chief executive officer manages day-to-day operations and reports to the board. The exchange states that its operating principles include fairness, transparency, efficiency, and liquidity. Its functions include establishing and applying listing criteria, providing trading and recording facilities, monitoring market activity, coordinating with the Jordan Securities Commission on compliance and investor protection, promoting professional conduct among members and staff, and making timely issuer information available to the market. On February 20, 2017, the ASE became a state-owned company under the name Amman Stock Exchange Company, commonly referred to as ASE Company. The change altered its institutional form while preserving its role as Jordan's organized securities marketplace. The exchange also maintains relationships with regional and international market organizations. It is described as a member of the Arab Federation of Exchanges, the Federation of Euro-Asian Stock Exchanges, and the World Federation of Exchanges. Current listings, trading turnover, index levels, membership figures, and market capitalization are time-sensitive and are therefore not stated here without a dated official statistical source.

The Amman Stock Exchange was established in March 1999 as a private, non-profit institution with administrative and financial autonomy. It was authorized to operate as an exchange for securities trading and became the principal organized marketplace for Jordanian listed securities. Its institutional origins lie in the development and subsequent restructuring of Jordan's earlier securities-market arrangements, particularly the Amman Financial Market. The restructuring separated the functions of trading, regulation, settlement, and custody among specialized institutions rather than concentrating all market responsibilities in one body. Within this framework, the ASE took responsibility for operating the organized securities market. It provides facilities for listing and trading, records transactions, publishes prices, distributes issuer and market information, and establishes requirements for market participation and listing. The Jordan Securities Commission performs the main regulatory role, while securities depository and settlement functions are carried out through the relevant market infrastructure. The exchange works with the commission on surveillance and compliance matters, with the shared objective of maintaining an orderly market and protecting investors. The exchange's membership is composed of Jordanian brokerage firms. These intermediaries connect investors with the market and support the execution of transactions in listed securities. The ASE's market instruments include equities, bonds, and rights issues. It also publishes market indices designed to provide different views of market performance, including an unweighted index, a market-capitalization-weighted index, and a free-float index. Periodic bulletins and statistical publications provide additional information about trading and listed securities. The ASE operates under a seven-member board of directors. A chief executive officer is responsible for day-to-day management and reports to the board. The institution describes fairness, transparency, efficiency, and liquidity as core operating principles. Its stated functions extend beyond matching buyers and sellers: it provides companies with access to public capital, supports price discovery, sets and enforces listing and market rules, monitors trading, encourages professional conduct, and disseminates timely and accurate information about issuers. A significant institutional change occurred on February 20, 2017, when the Amman Stock Exchange became a state-owned company under the name Amman Stock Exchange Company, also known as ASE Company. This conversion changed the exchange's legal and ownership structure while retaining its role as Jordan's securities-trading venue. The exchange presents its market framework as aligned with internationally recognized practices concerning market divisions, listing criteria, transparency, and surveillance. The ASE also participates in regional and international exchange networks. It is identified as an active member of the Arab Federation of Exchanges and the Federation of Euro-Asian Stock Exchanges, and as a full member of the World Federation of Exchanges. Through these relationships and its cooperation with the Jordan Securities Commission, the exchange connects Jordan's market infrastructure with wider professional and regulatory standards. Detailed historical measures such as the number of listed securities, turnover, capitalization, and index performance require dated exchange reports because they vary by reporting period.

• 2017

  Conversion into a state-owned company

  [1]Amman Stock Exchangeen.wikipedia.org

  On February 20, 2017, the exchange became a state-owned company under the name Amman Stock Exchange Company, commonly shortened to ASE Company.

• 1999

  Amman Stock Exchange established

  [1]Amman Stock Exchangeen.wikipedia.org

  The ASE was established in March 1999 as a private, non-profit institution with administrative and financial autonomy, taking on the organized trading function within Jordan's securities-market framework.

Jordan's core securities-market infrastructure, emphasizing organized trading, transparency, liquidity, issuer access to capital, and investor protection

• Securities trading

  Listed equities

  The ASE provides the listing and trading venue for shares issued by Jordanian public companies. Equity trading supports secondary-market liquidity and enables market-based price discovery. The exchange also publishes information intended to help investors evaluate listed issuers and follow transactions. The exact number of listed companies and securities changes over time.

• Fixed-income securities

  Bonds

  Bonds are among the securities traded or listed through the exchange. This segment gives issuers access to a public market for debt financing and gives investors an organized venue for fixed-income transactions. The available instruments, eligibility rules, and trading activity depend on applicable Jordanian market regulations and the securities admitted at a given time.

• Corporate-actions securities

  Rights issues

  Rights issues are included among the exchange's listed securities. They represent rights associated with a company's capital-raising activity and provide a market mechanism through which eligible rights may be recorded, listed, or traded according to the applicable rules and corporate action timetable.

• Market indices

  ASE market indices

  The exchange publishes several indices for tracking market performance, including the ASE Unweighted Index, the ASE Market Capitalization Weighted Index, and the ASE Free Float Index. Their methodologies provide different perspectives on the movement of listed securities, from broad unweighted performance to capitalization- and free-float-sensitive measures.

• Market information

  Market bulletins and statistics

  The ASE distributes daily, weekly, monthly, and yearly bulletins, as well as monthly statistical material. These publications support transparency by communicating prices, trading activity, issuer information, and other market data to investors, listed companies, intermediaries, and the public.

• 2017

  Conversion to a state-owned companyStrategy

  Background

  Jordan's securities-market infrastructure had developed through institutional reforms that separated exchange operation from regulatory and depository functions. The exchange was subsequently converted from its earlier private, non-profit institutional form into a state-owned company.

  Action taken

  On February 20, 2017, the Amman Stock Exchange became the Amman Stock Exchange Company, also referred to as ASE Company.

  Aftermath

  The conversion changed the exchange's ownership and legal form while it continued to operate as Jordan's organized securities exchange. The available reference material does not provide a quantified financial effect or a detailed post-conversion performance assessment.

  Source

1. 1Amman Stock Exchangeen.wikipedia.org
2. 2Amman Stock Exchange official websitease.com.jo