Amman Stock Exchange (ASE) is a stock exchange based in Amman, Jordan. The acronym or abbreviation for this market is ASE. This page contains information on the trading hours, market holidays, contact information and more.
Amman Stock Exchange is located in the country of Jordan.
The main currency of Amman Stock Exchange is JOD. It's symbol is د.أ.
The Amman Stock Exchange (ASE) is the national stock exchange of Jordan located in the capital, Amman. It is the primary venue for securities trading in Jordan and is overseen by the Jordan Securities Commission (JSC), which regulates trading activities and ensures compliance with Jordanian laws and regulations.
History of Amman Stock Exchange
The Amman Stock Exchange was established in 1976, although its modern operations began in 1999 with the introduction of electronic trading systems. Since then, the ASE has strived to modernize its infrastructure and expand its offerings to investors. In 2019, the ASE was officially recognized as an Emerging Market by the FTSE Russell, a global index provider.
Amman Stock Exchange Today
As of 2021, the Amman Stock Exchange lists over 180 companies, including 11 banks, and has a total market capitalization of around JOD 31 billion. The ASE is known for its strong investor protection laws and its commitment to transparency, making it an attractive destination for both local and international investors. In addition to traditional equity offerings, the ASE also offers bonds and mutual funds.
In recent years, the ASE has also introduced initiatives to modernize its trading infrastructure and make it more accessible to a wider range of investors. For example, in 2020, the ASE launched an online trading platform, which allows investors to trade securities from anywhere in the world.
Despite its many successes and achievements, the ASE faces a number of challenges, including political instability in the region, limited liquidity, and low levels of financial literacy among the general population. However, the ASE remains committed to maintaining a stable and transparent trading environment for investors.
Overall, the Amman Stock Exchange is an important institution for Jordan's economy and the wider region. Its commitment to transparency and investor protection has helped it earn a reputation as a reputable and reliable market. Despite challenges, the ASE remains focused on modernizing its operations and expanding its offerings to meet the evolving needs of investors.
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