Amman Stock Exchange

Amman Stock Exchange (or ASE for short) is a stock exchange private institution in Jordan. It is named "Amman", after the country's capital city, Amman.

History
The ASE was established 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. A chief executive officer oversees day-to-day responsibilities and reports to the board. The ASE membership is comprised of Jordan's 65 brokerage firms.


Operations
The ASE operates a bond market and an equities market. The equities market is divided into a First Market and a Second Market. The exchange has pre-trading sessions from 09:30am to 10:00am, normal trading sessions from 10:00am to 12.00noon and 12.00noon to 12.30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance. The ASE's stock indices include the ASE Unweighted Index and the ASE Market Capitalization Weighted Index.