Amman Stock Exchange (ASE) is a
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
exchange
Exchange may refer to:
Physics
*Gas exchange is the movement of oxygen and carbon dioxide molecules from a region of higher concentration to a region of lower concentration. Places United States
* Exchange, Indiana, an unincorporated community
* ...
private institution in
Jordan
Jordan ( ar, الأردن; tr. ' ), officially the Hashemite Kingdom of Jordan,; tr. ' is a country in Western Asia. It is situated at the crossroads of Asia, Africa, and Europe, within the Levant region, on the East Bank of the Jordan Rive ...
, based in
Amman
Amman (; ar, عَمَّان, ' ; Ammonite language, Ammonite: 𐤓𐤁𐤕 𐤏𐤌𐤍 ''Rabat ʻAmān'') is the capital and largest city of Jordan, and the country's economic, political, and cultural center. With a population of 4,061,150 a ...
.
History
The ASE was established in March 1999 as a non-profit, private institution with administrative and financial autonomy. It is authorized to function as an exchange for the trading of securities. The exchange is governed by a seven-member board of directors. A chief executive officer oversees day-to-day responsibilities and reports to the board.
The members of ASE are Jordan's 68 brokerage firms.
Amman Stock Exchange became state-owned company under the name "The Amman Stock Exchange Company (ASE Company)" on February 20, 2017.
The ASE is committed to the principles of fairness, transparency, efficiency, and liquidity. The exchange seeks to provide a strong and secure environment for its listed securities while protecting and guaranteeing the rights of its investors. To provide this transparent and efficient market, the ASE has implemented internationally recognized directives regarding market divisions and listing criteria.
To comply with international standards and best practices, the ASE works closely with the Jordan Securities Commission JSC on surveillance matters and maintains strong relationships with other exchanges, associations, and international organizations. The exchange is an active member of the
Arab Federation of Exchanges,
Federation of Euro-Asian Stock Exchanges
The Federation of Euro-Asian Stock Exchanges (FEAS) is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East, and Central Asia. The purpose of the Federation is to contribute to the coopera ...
(FEAS) and a full member of the
World Federation of Exchanges
The World Federation of Exchanges (WFE), formerly the ''Federation Internationale des Bourses de Valeurs'' (FIBV), or International Federation of Stock Exchanges, is the trade association of publicly regulated stock, futures, and options exchang ...
(WFE).
The ASE is charged with providing enterprises with a means of raising capital by listing on the Exchange, encouraging an active market in listed securities based on the effective determination of prices and fair and transparent trading, providing modern and effective facilities and equipment for trading the recording of trades and publication of prices, monitoring and regulating market trading, coordination with the JSC as necessary, to ensure compliance with the law, a fair market and investor protection, setting out and enforcing a professional code of ethics among its member directors and staff, and ensuring the provision of timely and accurate information of issuers to the market and disseminating market information to the public
Leadership
Dr. Kamal Ahmad Al-Qudah - Chairman
Mr. Mazen Wathaifi CEO
Listed Securities
StocksBonds* Right Issues
The ASE Indexes
The ASE's
stock indices
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of the ...
include the
ASE Unweighted Index
Ase may refer to:
* Ase, Nigeria, a town in Delta State, Nigeria
* -ase, a suffix used for the names of enzymes
* Aṣẹ, a West African philosophical concept
* American Sign Language (ISO 639-3 code: ase)
See also
* Åse (disambiguation) Åse m ...
, the
ASE Market Capitalization Weighted Index
The ASE Market Capitalization Weighted Index is a stock index of the Amman Stock Exchange in Jordan. The ASE Weighted Index is one of two principal stock indices on the exchange, the other being the ASE Unweighted Price Index.
The ASE Unweigh ...
and the ASE Free Float Index.
Bulletins
Daily BulletinWeekly BulletinMonthly BulletinsYearly BulletinsMonthly Statistical
See also
*
Economy of Jordan
The economy of Jordan is classified as an emerging market economy. Jordan's GDP per capita rose by 351% in the 1970s, declined 30% in the 1980s, and rose 36% in the 1990s. After King Abdullah II's accession to the throne in 1999, liberal econom ...
*
List of stock exchanges in Western Asia
This is a list of Asian stock exchanges.
In the Asian region, there are multiple stock exchanges. As per data from World Federation of Exchanges, below are top 10 selected in 2020:
* Shanghai Stock Exchange, China
* Tokyo Stock Exchange, Japan
...
*
List of stock exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges.
There are sixteen stock exchanges in the world ...
References
External links
Amman Stock ExchangeMARKET WATCH LIVEASELIVE- AndroidAmman Stock ExchangeGovernment of Jordan
{{Authority control
Stock exchanges in the Middle East
Finance in Jordan
Companies based in Amman
1999 establishments in Jordan
Financial services companies established in 1999
Divisions and subsidiaries of the prime ministry (Jordan)