The Amman Stock Exchange witnessed exceptional performance during last week's trading, with the general share price index recording a notable increase of 2.5%, closing at 3619.4 points. This growth was driven by a significant increase in trading volumes, reflecting growing optimism and confidence among investors regarding the Jordanian economy.
Specifically, data released by the stock exchange showed a significant surge in trading activity, with the average daily trading volume reaching approximately 14.3 million Jordanian dinars, compared to 8.8 million dinars the previous week, representing a growth of 62.3% . Total weekly trading value reached 77.6 million dinars, compared to 44.1 million dinars the week before. A total of 24.9 million shares were traded through 22,569 transactions, indicating high liquidity and strong market momentum.
Historical context and importance of the Amman Stock Exchange
The Amman Stock Exchange, established in 1999 as the successor to the Amman Financial Market (AFM) founded in 1978, is the cornerstone of the capital market in the Hashemite Kingdom of Jordan. It plays a pivotal role in mobilizing savings and directing them towards productive investments in vital sectors such as banking, industry, and services, thereby contributing to economic growth. The performance of its general index reflects the health of listed companies and the overall strength of the national economy, making it essential for analysts and investors to monitor.
Indicators of positive performance and its economic impact
This rise is not merely a positive figure; it carries significant economic implications. It indicates a recovery in the confidence of both local and foreign investors and may signal positive expectations for the earnings of listed companies. This strong performance also coincides with Jordan's ongoing efforts to implement its economic modernization vision, which aims to enhance the investment climate and attract capital, thus positively impacting the performance of the financial market as a key gateway for investment in the Kingdom.
The Jordanian Stock Exchange on the regional and international map
Regionally, this positive performance reinforces the Amman Stock Exchange's position as an attractive financial market in the Middle East. Despite strong competition, the Jordanian market's stability and steady growth make it a preferred destination for investors seeking promising investment opportunities in stable emerging markets. Furthermore, increased market liquidity, as evidenced by rising trading volumes, is a crucial factor in attracting foreign investment portfolios seeking markets with depth and dynamism, thus contributing to foreign currency inflows and supporting the Kingdom's financial stability.
