The Jordanian stock market experienced one of its best years in over a decade during 2025, as improvements in macroeconomic indicators and rising investor confidence directly reflected on the performance of the ASE general index, trading volumes and values, and the financial results of listed companies.
اضافة اعلان
The ASE general index closed the year near 3,611 points, achieving an annual increase of over 45% compared to the end of 2024—the highest annual growth recorded in more than 15 years. This performance was supported by strong gains in leading stocks, particularly in the financial and industrial sectors, as well as high liquidity and improved investor appetite.
Amman Stock Exchange CEO Mazen Al-Wazayfeh affirmed that the Jordanian capital market continues its upward trajectory with solid confidence, driven by growing optimism about the national economy and accelerated government reforms that have enhanced the business environment and increased the attractiveness of both domestic and foreign investment.
Al-Wazayfeh added that government attention to the capital market has become tangible, and that continuous coordination between the ASE, the Securities Commission, and official authorities helps address challenges in establishing and listing companies. Tax policies and reduced trading fees have also supported liquidity and boosted investor confidence.
He noted that the revival of the secondary market encourages public subscriptions and that achieving efficiency and transparency in the market is fundamental for promoting new listings. The ASE has also been developing its technical and legislative infrastructure in line with global best practices, including international financial reporting standards, corporate governance, and sustainability initiatives, such as climate disclosure, to enhance transparency and accountability among listed companies.
Al-Wazayfeh expects the market’s performance to remain positive and sustainable, supported by major government projects planned for this year and anticipated improvements in company results for the fourth quarter compared to the previous year.
According to Bloomberg, Amman Stock Exchange ranked 13th globally in terms of performance from the start to the end of 2025, and first regionally, achieving over a 45% increase according to global market indices—reflecting a tangible improvement in Jordan’s investment climate and the market’s attractiveness for both local and foreign capital compared to many regional and international markets.
This progress is attributed to improved results of listed companies, economic policy stability, and growing investor confidence in the national economy, highlighting the ASE’s ability to deliver competitive returns amid global market fluctuations, reinforcing its position as a promising investment destination in the region.
Government incentives and regulatory reforms also supported this performance. Policies were introduced to reduce financial burdens on investors and enhance market attractiveness, including adjustments to trading fees, reductions in administrative and financial service charges, and tax incentives on profits from investment funds linked to listed companies. These measures boosted liquidity, encouraged investors to retain their shares, and stimulated trading activity. Streamlined listing procedures and facilitation of public subscriptions also increased the number of newly listed companies, reflecting the government’s support for both primary and secondary markets.
Regarding market capitalization, the total capital of listed companies rose to approximately JD 26.5 billion, reflecting higher company valuations and stock prices. Government decisions and regulatory reforms played a key role in improving the investment climate and attracting liquidity to the market. The ASE also enhanced its technical infrastructure with a fully integrated electronic trading system, including online trading, XBRL-based disclosure, and mobile applications for real-time market tracking, improving execution speed and disclosure accuracy.
Trading activity in 2025 showed notable growth in volumes and values compared to 2024, with higher average daily trading and an increased number of shares traded. Several months recorded high trading levels, reflecting improved appetite among individual and institutional investors, supported by government measures encouraging market activity. The establishment of mutual funds and tax exemptions on commissions further strengthened liquidity and investor confidence, both local and foreign.
In terms of financial results, listed companies achieved pre-tax profits of around JD 2.38 billion in the first nine months of 2025, with post-tax profits exceeding JD 1.7 billion, an increase of nearly 11% compared to the same period the previous year. This reflects actual improvements in operational performance, partially supported by government reforms that improved the business environment and facilitated growth of listed companies.
Sector-wise, the financial sector was the main driver, benefiting from increased bank profits, stable monetary policy, and improved asset quality. The industrial sector also recorded notable growth in profits and market capitalization, supported by higher exports and regional demand, while the services sector maintained stable performance and contributed positively to market activity. Strong industrial sector performance reflects rising demand for domestic products and increased exports, while growth in the services sector indicates economic stability and recovery of investments in tourism and service projects.
ASE data also showed high compliance by listed companies with financial disclosure, exceeding 96% in 2025, boosting transparency and investor confidence. This aligns with government measures to enhance governance and transparency, including sustainability instructions and ESG reporting for major companies within the ASE20 index, as well as climate-related disclosures in cooperation with international institutions, highlighting the market’s focus on sustainability as a key driver of competitiveness and market value.
Government decisions and regulatory reforms have not only encouraged local investors but also attracted foreign interest, who viewed tax incentives, reduced fees, and improved trading environment as positive indicators of market stability and investment attractiveness. This was reflected in increased liquidity inflows and higher long-term share retention, strengthening the depth of the Jordanian capital market and its capacity to absorb new investments, with government policies being a key driver of the strong growth witnessed by the ASE in 2025.
Overall, the strong performance of the Jordanian stock market in 2025 reflects recovery and activity in the financial market, supported by government decisions and legislative reforms that stimulated trading and supported company growth, including initiatives related to digital transformation and sustainability, making 2026 prospects optimistic provided supportive economic policies and local and regional stability continue.
