Amman Stock Exchange (or ASE for short) is a stockexchange private institution in Jordan. It is named "Amman", after the country's capital city, Amman.
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.[1] The ASE's stock indices include the ASE Unweighted Index and the ASE Market Capitalization Weighted Index.
