Amman: Strong buying momentum continued to drive the Amman Stock Exchange (ASE) index upward this week, supported by optimism over listed companies' results and improved investor sentiment. The market capitalization of listed shares rose to about JD24 billion, the highest level since 2009.
According to Jordan News Agency, trading sessions witnessed active movement in leading shares in the banking, financial services, and real estate sectors, with liquidity inflows of around JD17 million. This reflects growing confidence in the market's performance and its ability to break new resistance levels in the coming period.
Financial expert Saher Adous explained that expectations of stable operating profits for banks and investment companies in the third quarter were the main driver behind the rise. He noted a shift in investor behavior from short-term speculation to medium- and long-term investment, supported by monetary stability, a stable dinar exchange rate, and positive economic indicators reported by the Central Bank of Jordan.
With a market capitalization of JD24 billion, the ASE has regained much of its historical strength last seen before the 2009 global financial crisis, reinforcing its position as one of the region's most stable markets. This increase highlights the growing attractiveness of the Jordanian market for local and foreign investors, backed by competitive stock valuations and the Central Bank's financial policies that sustain a stable investment climate.
Observers expect the ASE General Index to maintain its upward trend in the near term, having reached 3,236 points today, its highest level since November 2008, marking a 1.5 percent rise and approaching the resistance level of 3,250 points. The performance is supported by liquidity inflows, improved risk appetite, and positive expectations for Jordan's economic growth in the fourth quarter of 2025.