FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2013
AMMAN STOCK EXCHANGE
On November 1st The (ASE) launched a
new market segmentation where markets
were reclassified by virtue of the new Listing
Directives that became effective as of 1/10
/2012. The ASE began the implementation of the
new trading hours and the new price thresholds
according to the new segmentation. FUTURE OUTLOOK
The ASE ‘s Board of Directors determined the
price thresholds for the shares of companies
listed on the First Market to become (7.5%)
instead of (5%). The price thresholds for the
shares listed on the Second and the Third
markets remained (5%). The new directives
obliged all the listed companies for the first time
to provide the ASE with their quarterly reports
reviewed by the companies’ auditors as of the
first quarter of the year 2013. Starting January
2013 the ASE launched three indicies pertaining
to each individual market. • Continuing upgrading the technical
infrastructure.
• Launching new financial instruments.
As for the Jordan National Financial Center
building, procedures are being taken in order
to transfer the ownership of the building to
the Treasury of the Hashemite Kingdom of
Jordan, and the ASE will close the accounts of
the project and finalize the ownership transfer
during 2013. As for the monetary policy, the Central Bank of
Jordan has increased the re-discount rate from
4.5% at the end of 2011 to 5.0% at the end of
2012. Interest rate on 6-month Treasury Bills
rose from 3.2% at the end of 2011 to 3.8% at
the end of 2012, while the weighted average of
The Amman Stock Exchange will embark
on a number of key projects that will ensure
maintaining the lead that the ASE has amongst
Arab and regional stock exchanges. These
projects can be summarized as follows:
CAPITAL MARKET DEVELOPMENT
AND ECONOMIC OUTLOOK
The Jordanian Economy has achieved a real
growth of 2.5% during 2012, where the GDP
reached USD 30,981 million, while the inflation
rate reached 4.8% due to higher international
fuel and food prices.
interest rates for loans rose to 9% at the end of
2012 compared with 8.7% at the end of 2011.
Domestic liquidity measured by Money Supply
(M2) grew by 3.4% at the end of 2012 compared
with its levels at the end of 2011. In addition,
foreign currency reserves at the Central Bank of
Jordan stood at USD 6,616.1 million at the end
of 2012.
Regarding the fiscal policy, public revenues
showed a decrease of 6.6% at the end of 2012
compared with the year 2011, while public
spending showed an increase of 1.0%.
As for the External Trade Sector, Jordanian
exports and re-exports have decreased by 1.2%
at the end of September 2012 compared with
the same period of 2011 while imports have
risen by 10.5% during the same period.
Key Information Contacts
Jordan Securities Commission www.jsc.gov.jo
Securities Depository Center www.sdc.com.jo
Jordan Investment Board www.jordaninvestment.com
Arab Monetary Fund www.amf.org.ae
Ministry of Finance www.mof.gov.jo
Central Bank of Jordan (CBJ) www.cbj.gov.jo
National Information Center www.nic.gov.jo
Department of Statistics www.dos.gov.jo
CONTACT INFORMATION
Contact Name Mr. Nader Azar
E-mail [email protected]
Website www.exchange.jo
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