ASE posts 2.4% rise in 2024

Amman, Jan 4 (Petra) — Amman Stock Exchange (ASE) continued efforts in 2024 to create a safe securities’ environment and boost investor confidence despite regional challenges, which cast a shadow on the national economy and financial markets across the region, said ASE CEO Mazen Wathaifi.

The ASEGI free float weighted index of the bourse rose to 2,488.8 points by late 2024, compared to 2,431.2 at the end of 2023, an increase of 2.4 percent, the highest since 1009, with the exception of 2022, he said.

The ASE20 free float weighted index rose to 1,344.0 points at the end of 2024, compared to 1,308.8 points in 2023, an increase of 2.7 percent, he said.

The ASETR total return index, which measures the change in the share prices of the index sample companies in addition to the cash distributions of these companies assuming they are reinvested in the shares of index companies, rose to 1,641.5 points by the end of 2024, compared to 1,488.5 points in late 2023, an increase of 10.3 percent, he pointed out.

The market share value of the Amman Stock Exchange rose to about JD17.7 billion, an increase of 4.2 percent, compared to 2023, he said, noting that the market value at the end of 2023, excluding the closing of 2022, was the highest since 2015.

As for the trading volume, it dropped in 2024 to about JD1.2 billion, compared to about JD1.5 billion in 2023, a decrease of 17.7 percent, said Wathaifi.

//Petra//SS
04/01/2025 18:15:09