Amman Stock Exchange plays an important role in the functioning of the economy of Jordan. It is a private, nonprofit body enjoying monetary and administrative freedom. This Jordan stock exchange has been named after the capital city of Amman.
History of Amman Stock Exchange:
- Amman Stock Exchange was set up in 1999.
- Amman Stock Exchange has a board of Directors, which consists of seven members. They are responsible for regulating the operations at the stock exchange.
- There is also a chief executive officer who looks after the regular activities of the stock exchange.
- There are 64 brokerage firms who are the members of the Amman Stock Exchange.
Functions of Amman Stock Exchange:
Trading for securities is the chief function of the Amman Stock Exchange.
Fairness, efficiency, liquidity and transparency are the guiding principles of the Amman Stock Exchange.
Main activities of the Amman Stock Exchange consist of prescribing companies the ways of raising capital, supervising the trading operations in the market, make the laws binding on all, providing the people with the current information about the market and a host of other specialized functions.
Laws of the Amman Stock Exchang:
There are various types of laws and regulations applicable to the Amman Stock Exchange. These are Administrative Internal By-Law, Dispute Resolution Directives, Internal By-Law, Disclosure Directives, The Securities Law, Listing Securities Directives, Trading Directives and By-Laws for the fees, charges and commissions.
The listed securities traded at the Amman Stock Exchange consists of Bonds and Equities.
