Meeting reviews performance of Amman bourse

AMMAN – The ministerial economic development committee on Sunday held a meeting chaired by Minister of Planning and International Cooperation Nasser Shraideh to discuss the latest developments related to the performance of the Amman Stock Exchange (ASE). Shraideh highlighted the importance of sharing the achievements that have positively affected Amman bourse’s performance, which would stimulate investments and speed up economic recovery.

Mazen Wathaifi, CEO of Amman Stock Exchange, briefed the gathering on the major achievements of the financial market, noting that the issuance of corporate governance instructions  for  the ASE-listed companies has led to a rise in Jordan’s ranking on the WB Doing Business report/the protection of minority investors  by 60 places during the 2018-2020 period.

Wathaifi also highlighted the positive indicators of the bourse performance since the beginning of the year, notably the increase of the index by 28.86 per cent, making ASE the second Arab bourse to rise, as well as an increase in trading volume by 173.61 per cent and an increase in listed companies profits during the first quarter of this year by 176.6 per cent. He added that  the daily average number of traders in the market increased from 858 in 2019 to 848 in 2020 and to 1,236 traders in 2021, according to the Jordan News Agency, Petra.