Amman Stock Exchange is a stock

Stock

The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...

 exchange

Stock exchange

A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...

 private institution in Jordan

Jordan

Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...

. It is named "Amman" after the country's capital city, Amman

Amman

Amman is the capital of Jordan. It is the country's political, cultural and commercial centre and one of the oldest continuously inhabited cities in the world. The Greater Amman area has a population of 2,842,629 as of 2010. The population of Amman is expected to jump from 2.8 million to almost...

.

History

The ASE was established

Date of establishment

The date of establishment or date of founding of an institution is the date on which that institution chooses to claim as its starting point...

 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

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

. A chief executive officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 oversees day-to-day responsibilities and reports to the board. Members of the ASE are Jordan's 69 brokerage firms.

Operations

The ASE operates a bond market

Bond market

The bond market is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds. The primary goal of the bond market is to provide a mechanism for long term funding of public and...

 and an equities market. The equities market is divided into a First Market and a Second Market. The exchange has pre-trading sessions from 9:30am to 10am, normal trading sessions from 10am to noon, and post-market from noon to 12.15pm, from Sunday to Thursday, except for holidays declared by the Exchange in advance. The ASE's stock indices include the ASE Unweighted Index, the ASE Market Capitalization Weighted Index

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....

 and the ASE Free Float Index.

See also

• Economy of Jordan
  Economy of Jordan
  The economy of Jordan is robust and growing. Its GDP per capita soared by 351% in the 1970s, and after only a slight decline of 30% in the 1980s, grew once again by 36% in the 1990s. Jordan is classified as an emerging market...
  
  
• List of stock exchanges in Western Asia
• List of stock exchanges

External links

• Amman Stock Exchange
• Amman Stock Exchange: First Market Listings
• Amman Stock Exchange: Second Market Listings

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