Amman, Sept. 9 (Petra) – The Association of Banks in Jordan praised recent government decisions aimed at stimulating trading in the Amman Stock Exchange and strengthening its role in the national economy.

In a statement Tuesday, the association said the Cabinet’s endorsement of a legal opinion exempting mutual funds from income tax is a key step toward creating an attractive investment environment. It noted the move sends a clear message to investors about the government’s commitment to supporting mutual funds and their activity in the market.

The association added that the Jordan Securities Commission’s decision to reduce brokerage commissions by up to 25 percent will lower trading costs, expand participation, and enhance market liquidity and efficiency.

It also welcomed the extension of trading hours from 10:30 a.m. to 1:30 p.m., describing it as a qualitative step that allows investors more flexibility and better interaction with regional and global market developments. It said that these measures align with the Economic Modernization Vision, reflecting government commitment to strengthening the financial sector, boosting investment, and supporting sustainable economic growth and job creation.

//Petra// NQ