Latest news with #AmmanStockExchange
Jordan News
5 hours ago
- Business
- Jordan News
Amman Stock Exchange's share price index rises 14.8% - Jordan News
Amman Stock Exchange's share price index rises 14.8% The Amman Stock Exchange (ASE) demonstrated a strong positive trajectory since the beginning of 2025, with the ASE General Index (ASEGI) increasing by 14.8%, reaching a total market value of JD2.86 billion. اضافة اعلان The 14.8% growth reflects improved performance among listed companies and growing investor confidence in the Jordanian financial market. The upward movement has been accompanied by a notable increase in trading activity and liquidity. The ASE20 index, representing large-cap companies, rose by 15.63% to a value of JD1.55 billion since January. The ASE Total Return Index (ASETR) surged by 24.5%, amounting to JD2.04 billion during the same period. In parallel, the market capitalisation of listed shares expanded by 23.3%, approximately JD4 billion, indicating heightened valuation confidence among both local and foreign investors. The developments are among the most prominent indicators of the market's resilience and its positive response to recent economic conditions and regulatory reforms. Daily trading volume saw a significant jump, increasing from JD3.8 million at the start of the year to JD10.3 million in mid-July, representing a growth of 46.97%. The rise underscores increased activity in terms of both transaction volume and trade value, signaling a healthy level of economic vitality. In relation to the broader economy, the market capitalisation of the ASE as a percentage of Jordan's GDP has risen to 57.5%, up from 48.9% at the end of 2024. The growth highlights the increasing role of the ASE in supporting the national economy and enhancing Jordan's attractiveness as a regional investment destination. The positive indicators suggest a robust recovery phase for the Amman Stock Exchange and foster cautious optimism that this momentum will continue through the second half of 2025. Contributing factors include ongoing efforts to enhance transparency, an expanding investor base and improvements in the efficiency of the Jordanian financial market. The favourable performance is attributed to the strong macroeconomic outlook, the record second-highest net profits achieved by listed companies in 2024 and optimistic forecasts for further positive results. Government stimulus measures have played a significant role in invigorating the economy and supporting market confidence.
Jordan News
a day ago
- Business
- Jordan News
CFI Sparks Interest in Jordan's Stock Market as a Promising Investment Opportunity - Jordan News
CFI Sparks Interest in Jordan's Stock Market as a Promising Investment Opportunity In a strategic move to boost local investment and promote the Jordanian capital market as a promising and secure destination that supports long-term national economic growth within a regulated environment, CFI Financial Group—a global leader in trading and financial services—has launched initiatives to promote a culture of investment in the Amman Stock Exchange (ASE). اضافة اعلان CFI is positioning the Jordanian stock market as a smart, secure investment choice offering real opportunities for individuals and investors in a regulated ecosystem overseen by the Jordan Securities Commission, which ensures investor protection and financial stability. These efforts align with the firm's campaign titled 'Opportunities Start from Jordan,' aimed at attracting investor attention to the local market and enhancing confidence in its potential to fuel corporate growth, create jobs, and support diversified, sustainable investment portfolios alongside international markets. Local Investment: A Strategic Priority Louay Azar, Regional CEO of CFI for the Middle East and North Africa, stated: 'We believe that smart investing is just as important as responsible investing—and it starts here, with local opportunities we understand deeply. The Jordanian market holds real potential and untapped opportunities. At CFI, we are opening the doors of this market to Jordanian investors with confidence and transparency, committed to creating a positive impact in the markets and communities we serve. We emphasize the importance of adopting a strategic, long-term investment mindset.' Market Support from Key Stakeholders Mazen Wathaifi, CEO of the Amman Stock Exchange, welcomed such initiatives, noting: 'We value efforts that highlight the Jordanian capital market and raise awareness of the importance of local investment. This campaign comes at a critical time to encourage investors to benefit from available opportunities within a transparent, well-regulated trading environment that offers the necessary infrastructure to attract and grow investments.' Wathaifi also emphasized the strategic significance of domestic investment, especially in light of Jordan's new Investment Law, which enhances the market's appeal regionally and internationally, offering attractive incentives—including Jordanian citizenship under specific conditions. Financial Sector Endorsement Dr. Mohammad Abdel Sattar Jaradat, President of the Jordanian Association of Financial Services Companies, commented: 'This campaign marks a strategic step toward revitalizing Jordan's financial market by stimulating local trading within a licensed and regulated framework. It reflects a practical commitment to supporting the local market and aligns with national strategies to boost financial literacy, expand the investor base, and promote more inclusive and sustainable economic growth.' 'Reviving the Jordanian market is not a complementary option—it's an economic necessity. It strengthens national companies and opens new pathways for youth and individual investors, reinforcing Jordan's position as a promising regional financial hub.' "Opportunities Start from Jordan" Campaign The "Opportunities Start from Jordan" campaign builds on CFI's ongoing efforts to promote financial literacy and create a more informed investment community. The initiative gives Jordanian investors access to reliable national investment tools within a modern, transparent, and licensed trading environment. CFI also offers specialized educational content and continuous training seminars to support traders of all experience levels, enabling them to make well-informed financial decisions. About CFI Financial Group Founded in 1998, CFI Financial Group is the leading online trading provider in the MENA region, with over 25 years of experience. The group operates in major cities including London, Abu Dhabi, Dubai, Cape Town, Baku, Beirut, Amman, and Cairo, offering integrated access to local and global markets. CFI provides a wide range of trading options—stocks, forex, commodities, and more—with competitive trading conditions, including zero commissions, tight spreads, and ultra-fast execution. A pioneer in using AI-powered smart trading tools, CFI delivers innovative, user-friendly solutions for traders of all levels. The group enhances financial awareness through multilingual educational content and maintains a commitment to excellence through high-profile partnerships—with AC Milan, FIBA Wasl, MI Cape Town, and the Department of Culture and Tourism – Abu Dhabi. With Sir Lewis Hamilton, seven-time Formula 1 World Champion, as its global brand ambassador, CFI reinforces its shared values of innovation, success, and community engagement. For more information:
Zawya
2 days ago
- Business
- Zawya
Jordan: ASE, UN launch sustainability guide for SMEs
AMMAN — The Advisory Committee on Sustainability and Small and Medium Enterprises, affiliated with the United Nations Sustainable Stock Exchanges Initiative, launched a guiding manual to support the sustainability of small and medium enterprises (SMEs) during a virtual meeting chaired by CEO of the Amman Stock Exchange (ASE) Mazen Wathaifi. The guide aims to enable institutions to integrate the principles of environmental, social, and governance sustainability into their strategies, thereby enhancing their growth and competitiveness both locally and globally, Al Rai Newspaper reported. ASE chairs the committee in partnership with the Philippine Stock Exchange. The committee includes 62 experts from 41 entities in 34 countries, representing regulatory bodies, stock exchanges, and financial institutions. Wathaifi stressed the importance of this guide in light of global economic transformations, noting that sustainability has become a fundamental pillar of long-term growth, especially for SMEs. ASE has been leading several sustainability initiatives since 2016, most notably joining the Sustainable Stock Exchanges Initiative. ASE also required index companies to submit sustainability reports, launching a Climate Disclosure Guide, joining the Carbon Neutrality Initiative, and chairing the Sustainability Committee of the ASE20, the Association of Euro-Asian Stock Exchanges. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Ammon
09-07-2025
- Business
- Ammon
ASE closes up 0.31%
Ammon News - The Amman Stock Exchange (ASE) closed Wednesday's trading session with a 0.31 percent increase, ending at 2,844 points. A total of around 4.6 million shares were traded at a total value of JD 9.2 million through 3,539 transactions. According to the daily market report, share prices rose for 32 listed companies, fell for 32, and remained unchanged for another 32. Petra
Zawya
04-07-2025
- Business
- Zawya
Jordan: 100% compliance for companies in submitting annual sustainability report for 2024 — ASE
AMMAN — CEO of Amman Stock Exchange (ASE) Mazen Wathaifi on Thursday said that 100 per cent of the listed companies which are obligated to submit their annual sustainability report for the year 2024, totalling 23 companies, had provided the ASE with the report within the deadline mentioned in the rules issued by the ASE, through the e-disclosure system (XBRL). Wathaifi noted that the Arab International for Education and Investment Company has issued the mentioned report for the first time, the ASE website said. This "high" percentage reflects the compliance of these companies with laws and regulations, as well as their concern for environmental, social and governance (ESG) issues. Wathaifi pointed out that in accordance with the sustainability reporting rules, the companies included in the ASE20 index sample, as well as any company that was part of the mentioned index sample, are required to provide their sustainability report in accordance with the GRI standards. Companies must submit these reports within six months from the end of its fiscal year if it is stand-alone report, or within three months of the end date of its fiscal year if the company incorporated the sustainability report with its annual report, the CEO said. He also indicated that obligating the listed companies in the ASE20 index sample since 2022 to issue a sustainability report came to enhance the attractiveness of listed companies, and to increase transparency and disclosure in the national capital market, especially with regard to compliance with sustainability standards. Sustainability report helps increase knowledge on companies' performance and achievements at all levels and it indicates the company's commitment and interest in environmental, social responsibility and governance issues, in light of the increasing interest in this information by local and foreign investors due to its importance in making investment decisions, he added. Wathaifi also noted that Bank al Etihad Company submitted its first Climate-related Disclosures Report for the year 2024, in accordance with the guidance, regulatory framework, and disclosure policy on climate-related information issued by the ASE, and in aligned with IFRS standards. The report was submitted ahead of the mandatory period set by the ASE, within the regulatory framework, which requires companies included in the ASE20 index sample to submit climate-related disclosures in two phases: the first being voluntary, starting in 2026 for 2025 data, and the second mandatory, starting in 2027 for 2026 data. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
