Amman, Nov. 2 (Petra) -- Executive Director of the Amman Stock Exchange (ASE), Mazen Wathaifi, announced that 96 percent of listed companies have submitted their reviewed interim financial statements for the period ending Sept. 30, 2025, within the set deadline through the electronic disclosure system.

He said this high compliance rate reflects companies’ commitment to laws, regulations, and disclosure standards, adding that ASE has published the statements on its official website (http://www.exchange.jo) under circulars and quarterly disclosures.

Wathaifi noted that the combined net profit after tax of these companies for the first three quarters of 2025 reached about JD1.717 billion, compared to JD1.548 billion for the same period of 2024, marking an increase of 10.9 percent. Pre-tax profits also rose by 6.3 percent to JD2.384 billion from JD2.242 billion.

By sector, profits after tax increased by 9.3 percent for financial companies, 15.8 percent for industrial companies, and 4.1 percent for service companies.

Wathaifi said these results demonstrate the resilience and upward trajectory of Jordan’s economy, supported by government stimulus measures, economic modernization projects, and positive macroeconomic indicators. Jordan’s GDP grew by 2.8 percent in the second quarter, exceeding expectations.

He added that national exports rose by 8 percent in the first eight months of 2025, while tourism revenue increased by 6.8 percent in the first nine months. Foreign reserves reached around USD24 billion, reflecting the success of economic, structural, and legislative reforms that strengthened investor confidence.

Wathaifi highlighted that these positive trends, along with government measures to boost trading activity and market liquidity such as allowing investors seeking citizenship to trade on the ASE, exempting mutual funds from taxes, lowering brokerage fees, and extending trading hours contributed to record performance. The ASE General Index (ASEGI) rose by 33.3 percent since the beginning of the year to 3,318.1 points, the highest since 2008. The ASE20 Index climbed 35.2 percent, the total return index 45.5 percent, and market capitalization increased by JD7.3 billion (41.3 percent).

He also announced that under the new "restricted trading" mechanism effective Sunday, shares of seven companies including Mediterranean and Gulf Insurance–Jordan (MDGF), Uion Investment Corporation (UINV), Dimensions Jordan and Emirates Commercial Investments Corp. (JEDI), Jordanian Mutual Funds Management Company (FUND), Union Tobacco and Cigarette Industries (UTOB), and Jordan Steel (JOST) have been moved from the unlisted market back to restricted trading due to issues such as missing financial statements, unpaid dues, insolvency filings, or adverse auditor opinions.

Additionally, trading in the shares of Arabia Insurance Company–Jordan (AICJ) was suspended starting Sunday for failing to submit its reviewed interim financial statements on time. If the company does not provide the required data within three business days, its shares will remain suspended and later resume trading with restrictions on session duration and price fluctuation limits in line with ASE listing regulations.

//Petra// AO