The New Listing Directives
The Chief Executive Officer (CEO) of Amman Stock Exchange (ASE) Jalil Tarif, said that the ASE 's Board of Directors determined the trading hours, price thresholds and the pricing method used for each market according to the new Listing Directives which became effective as of 1/10 /2012, as to begin the implementation of the new trading hours and the new price thresholds from the morning of Thursday, 01/11/2012.
The ASE 's Board of Directors determined the price thresholds for the shares of companies listed on the First Market to become (7.5%) instead of (5%), and leave the hours and phases of the trading session unchanged.
In regard to the second market, the price thresholds for the shares of companies listed on the Second Market remained unchanged (5%), moreover, the trading hours and phases will remain the same.
As for the third market it was decided that trading in shares of companies listed in this market will be within continuous pricing set, nevertheless, the duration of continuous trading session for this market was limited to about 20 minutes preceded by a 5-minute for the pre-opening phase and about 5 minutes to pre-close phase . Price thresholds for the shares of companies listed in the third market will be (5%), and this percentage is the permissible percentage for the price to exceed during the trading session in case of reservation for the securities listed in the Third Market.
Tarif said that shares of companies listed for the first time in the exchange will be listed directly in the second market after acquiring the right to commence its business for at least one year and provide the stock exchange with its financial statements in addition to another set of documents.
The CEO of the ASE also explained that the new directives obliged all the listed companies for the first time to provide the ASE with its quarterly report reviewed by its auditors as of the first quarter of the year 2013 as well as the annual and semi- annual report of the company.
The new directives granted the ASE the authority to impose sanctions on the issuers of the securities listed on ASE f they violate any of the provisions of the listing Directives and any decisions passed in respect thereof, these sanctions range between warning, transferring the listing of the issuer's shares, suspension and de-listing of the securities.
It is worth mentioning that (55) companies have achieved the requirements for listing on the First Market, and (149) in the second market. Note that the rest (39) companies that did not achieve the requirements for listing in both the first and second market will be listed in the Third Market, as of Thursday morning 01/11/2012
Annex a list of companies listed in the ASE according to its market, and the new schedule for trading in the third market.
First Market
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No. | Code | Symbol | Name |
1 | 111001 | JOIB | JORDAN ISLAMIC BANK |
2 | 111002 | JOKB | JORDAN KUWAIT BANK |
3 | 111003 | JCBK | JORDAN COMMERCIAL BANK |
4 | 111004 | THBK | THE HOUSING BANK FOR TRADE AND FINANCE |
5 | 111005 | AJIB | ARAB JORDAN INVESTEMENT BANK |
6 | 111007 | UBSI | BANK AL ETIHAD |
7 | 111009 | ABCO | ARAB BANKING CORPORATION /(JORDAN) |
8 | 111014 | INVB | INVEST BANK |
9 | 111020 | SGBJ | SOCIETE GENERALE DE BANQUE - JORDANIE |
10 | 111021 | CABK | CAIRO AMMAN BANK |
11 | 111022 | BOJX | BANK OF JORDAN |
12 | 111033 | AHLI | JORDAN AHLI BANK |
13 | 113023 | ARBK | ARAB BANK |
14 | 121003 | AAIN | AL-NISR AL-ARABI INSURANCE |
15 | 121004 | JOIN | JORDAN INSURANCE |
16 | 121007 | JERY | JERUSALEM INSURANCE |
17 | 131003 | JOHT | JORDAN HOTELS & TOURISM |
18 | 131004 | JOEP | JORDAN ELECTRIC POWER |
19 | 131005 | AIHO | ARAB INTERNATIONAL HOTELS |
20 | 131012 | SHIP | JORDAN NATIONAL SHIPPING LINES |
21 | 131013 | PRES | JORDAN PRESS FOUNDATION/AL-RA'I |
22 | 131022 | JDFS | JORDANIAN DUTY FREE SHOPS |
23 | 131034 | SITT | SALAM INTERNATIONL TRANSPORT & TRADING |
24 | 131051 | ZEIC | AL-ZARQA EDUCATIONAL & INVESTMENT |
25 | 131052 | AIEI | THE ARAB INTERNATIONL FOR EDUCATION & INVESTMENT. |
26 | 131070 | AFIN | ARAB FINANCIAL INVESTMENT |
27 | 131080 | JETT | JORDAN EXPRESS TOURIST TRANSPORT |
28 | 131090 | UCFI | UNITED FINANCIAL INVESTMENTS |
29 | 131098 | MALL | AL-DAWLIYAH FOR HOTELS & MALLS |
30 | 131206 | JTEL | JORDAN TELECOM |
31 | 131220 | AIFE | AL-ISRA FOR EDUCATION AND INVESTMENT "PLC" |
32 | 131221 | PEDC | PETRA EDUCATION COMPANY |
33 | 131222 | PIEC | PHILADELPHIA INT EDUCATIONAL COMPANY |
34 | 131231 | AMAL | AL-AMAL FINANCIAL INV. CO. |
35 | 131234 | AMAD | AMAD INVESTMENT & REAL ESTATE DEVELOPMENT |
36 | 131241 | COHO | CONTEMPRO FOR HOUSING PROJECTS |
37 | 131286 | MANE | AFAQ FOR ENERGY CO. P.L.C |
38 | 141006 | AALU | ARAB ALUMINIUM INDUSTRY /ARAL |
39 | 141012 | DADI | DAR AL DAWA DEVELOPMENT & INVESTMENT |
40 | 141014 | JOWM | THE JORDAN WORSTED MILLS |
41 | 141018 | JOPH | JORDAN PHOSPHATE MINES |
42 | 141029 | GENI | GENERAL INVESTMENT |
43 | 141038 | WOOD | JORDAN WOOD INDUSTRIES / JWICO |
44 | 141042 | JOCM | THE JORDAN CEMENT FACTORIES |
45 | 141043 | APOT | THE ARAB POTASH |
46 | 141048 | EICO | AL-EQBAL INVESTMENT COMPANY PLC |
47 | 141052 | UMIC | UNIVERSAL MODERN INDUSTRIES |
48 | 141070 | JOST | JORDAN STEEL |
49 | 141074 | UTOB | UNION TOBACCO & CIGARETTE INDUSTRIES |
50 | 141092 | AIFF | THE ARAB INTERNATIONAL FOOD FACTORIES |
51 | 141098 | ASPMM | ARABIAN STEEL PIPES MANUFACTURING |
52 | 141204 | JPHM | THE JORDANIAN PHARMACEUTICAL MANUFACTURING |
53 | 141209 | MBED | THE ARAB PESTICIDES & VETERINARY DRUGS MFG. CO. |
54 | 141210 | HPIC | HAYAT PHARMACEUTICAL INDUSTRIES CO. |
55 | 142041 | JOPT | JORDAN PETROLEUM REFINERY |
Second Market
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No. | Code | Symbol | Name |
1 | 111006 | JDIB | JORDAN DUBAI ISLAMIC BANK |
2 | 111017 | EXFB | CAPITAL BANK OF JORDAN |
3 | 121002 | MEIN | MIDDLE EAST INSURANCE |
4 | 121005 | GARI | GENERAL ARABIA INSURANCE |
5 | 121006 | DICL | DELTA INSURANCE |
6 | 121008 | UNIN | THE UNITED INSURANCE |
7 | 121009 | JOFR | JORDAN FRENCH INSURANCE |
8 | 121010 | HOLI | THE HOLY LAND INSURANCE |
9 | 121011 | YINS | YARMOUK INSURANCE |
10 | 121014 | AOIC | ARAB ORIENT INSURANCE COMPANY |
11 | 121015 | JEIC | JORDAN EMIRATES INSURANCE COMPANY P.S.C |
12 | 121017 | ARIN | ARAB LIFE & ACCIDENT INSURANCE |
13 | 121018 | PHIN | PHILADELPHIA INSURANCE |
14 | 121020 | AIUI | ARAB UNION INTERNATIONAL INSURANCE |
15 | 121021 | NAAI | THE NATIONAL INSURANCE COMPANY (P.S.C) |
16 | 121022 | JIJC | JORDAN INTERNATIONAL INSURANCE |
17 | 121023 | AMMI | EURO ARAB INSURANCE GROUP |
18 | 121025 | TIIC | THE ISLAMIC INSURANCE |
19 | 121032 | MDGF | THE MEDITERRANEAN & GULF INSURANCE COMPANY-JORDAN P.L.C |
20 | 121033 | DRKM | DARKOM INVESTMENT |
21 | 121034 | FINS | FIRST INSURANCE |
22 | 131002 | ABMS | AL-BILAD MEDICAL SERVICES |
23 | 131010 | IREL | IRBID DISTRICT ELECTRICITY |
24 | 131017 | JDPC | JORDAN DUBAI PROPERTIES |
25 | 131018 | MHFZ | NATIONAL PORTFOLIO SECURITIES |
26 | 131019 | TAJM | AL-TAJAMOUAT FOR TOURISTIC PROJECTS CO PLC |
27 | 131023 | JITC | JORDAN INTERNATIONAL TRADING CENTER |
28 | 131025 | JEIH | JORDANIAN EXPATRIATES INVESTMENT HOLDING |
29 | 131027 | JOMA | RESOURCES COMPANY FOR DEVELOPMENT & INVESTMENT PLC |
30 | 131030 | JOPP | JORDAN PRESS & PUBLISHING/(AD-DUSTOUR) |
31 | 131035 | MDTR | MEDITERRANEAN TOURISM INVESTMENT |
32 | 131039 | JOIT | JORDAN INVESTMENT TRUST |
33 | 131062 | JOTF | JORDAN TRADE FAC |
34 | 131064 | ABLA | AL AHLIA ENTERPRISES |
35 | 131065 | DMAN | ALDAMAN FOR INVESTMENTS P.L.C |
36 | 131067 | ZARA | ZARA INVESTEMENT HOLDING |
37 | 131069 | UINV | UNION INVESTMENT CORPORATION |
38 | 131071 | JLGC | JORDAN LOAN GUARANTEE CORPORATION |
39 | 131073 | ULDC | UNION LAND DEVELOPMENT CORPORATION |
40 | 131076 | JNTH | AL-Tajamouat For Catering and Housing Co PLC |
41 | 131077 | SPIC | SPECIALIZED INVESTMENT COMPOUNDS |
42 | 131078 | AIPC | AL- SHARQ INVESTMENTS PROJECTS(HOLDING) |
43 | 131081 | SPTI | SPECIALIZED TRADING & INVESTMENT |
44 | 131082 | AEIV | ARAB EAST INVESTMENT |
45 | 131083 | ALFA | JORDAN INVESTMENT & TOURISM TRANSPORT(ALFA) |
46 | 131086 | SIJC | SPECIALIZED JORDANIAN INVESTMENT |
47 | 131087 | REDV | REAL ESTATE DEVELOPMENT |
48 | 131088 | EJAD | EJADA FOR FINANCIAL INVESTMENTS |
49 | 131089 | AAFI | AL-AMIN FOR INVESTMENT |
50 | 131093 | ITSC | ITTIHAD SCHOOLS |
51 | 131097 | CEIG | CENTURY INVESTMENT GROUP |
52 | 131101 | PETT | THE REAL ESTATE & INVESTMENT PORTFOLIO CO. |
53 | 131105 | JMRC | JORDAN MORTGAGE REFINANCE |
54 | 131207 | CICO | THE CONSULTING & INVESTMENT CO. GROUP |
55 | 131208 | NAQL | TRANSPORT AND INVESTMENT BARTER COMPANY |
56 | 131211 | JPTD | JORDAN PROJECTS FOR TOURISM DEVELOPMENT |
57 | 131213 | RJAL | ALIA- THE ROYAL JORDANIAN AIRLINES PLC. |
58 | 131218 | REAL | ARAB EAST FOR REAL ESTATE INVESTMENTS CO |
59 | 131219 | BIND | BINDAR TRADING & INVETMENT CO PLC |
60 | 131224 | IBFM | INT' BROKERAGE & FINANCIAL MARKETS |
61 | 131225 | INMA | INT'L ARABIAN DEVELOPMENT & INVESTMENT TRADING CO |
62 | 131226 | INVH | INVESTMENT HOUSE FOR FINANCIAL SERVICES |
63 | 131228 | OFTC | OFFTEC HOLDING GROUP PLC |
64 | 131229 | JRCD | JORDANIAN REALESTATE COMPANY FOR DEVELOPMENT |
65 | 131235 | WIVA | WINTER VALLEY TOURISM INVESTMENT |
66 | 131236 | IHCO | IHDATHIAT CO-ORDINATES |
67 | 131237 | EMAR | EMMAR INVESTMENTS & REALESTATE DEVELOPMENT |
68 | 131238 | NOTI | NOPAR FOR TRADING AND INVESTMENT |
69 | 131240 | MEET | METHAQ REAL ESTATE INVESTMENT |
70 | 131242 | ZAHI | ZAHARAT ALURDON REAL ESTATE AND HOTELS INVESTMENT |
71 | 131243 | MSFT | MASAFAT FOR SPECIALISED TRANSPORT |
72 | 131246 | HIPR | HIGH PERFORMANCE REAL ESTATE |
73 | 131247 | UNAI | ARAB INVESTORS UNION CO. FOR REAL ESTATE DEVELOPINGS |
74 | 131248 | SHBC | SHARECO BROKERAGE COMPANY |
75 | 131249 | SANA | AL-SANABEL INTERNATIONAL FOR ISLAMIC INVESTMENT(HOLDING) PLC. CO. |
76 | 131250 | BLAD | AL-BILAD FOR SECURITIES AND INVESTMENT |
77 | 131251 | FFCO | FIRST FINANCE |
78 | 131252 | JOMC | JORDANIAN MANAGEMENT AND CONSULTING COMPANY |
79 | 131253 | JIIG | JORDAN INTERNATIONAL INVESTMENT |
80 | 131254 | JMIL | AL JAMIL FOR INVESTMENTS CO |
81 | 131255 | DERA | DEERA INVESTMENT & REAL ESTATE DEVELOPMENT CO |
82 | 131257 | PRED | PALACES REALESTATE & DEVELOPMENT P.L.C |
83 | 131258 | FUTR | FUTURE ARAB INVESTMENT COMPANY |
84 | 131259 | MANR | AFAQ HOLDING FOR INVESTMENT & REAL ESTATE DEVELOPMENT CO.P.L.C |
85 | 131260 | SALM | BABELON INVESTMENTS CO. P.L.C |
86 | 131261 | RICS | AL-RAKAEZ INVESTMENT CO. |
87 | 131262 | RUMM | RUM GROUP FOR TRANSPOTATION & TOURISM INVESTMENT |
88 | 131263 | CARD | INTERNATIONAL CARDS COMPANY |
89 | 131265 | THDI | AL-TAHDITH FOR REAL ESTATE INVESTMENT COMPANY |
90 | 131267 | KAFA | KAFA`A FOR FINANCIAL & ECONOMICAL INVESTMENTS P.L.C |
91 | 131270 | PROF | THE PROFESSIONAL COMPANY FOR REAL ESTATE INVESTMENT AND HOUSING |
92 | 131271 | JEDI | DIMENSIONS:JORDAN AND EMIRATES COMMERCIAL INVESTMENTS CORPORATION |
93 | 131272 | FOOD | MODEL RESTAURANTS COMPANY P.L.C |
94 | 131274 | DARA | DARAT JORDAN HOLDINGS |
95 | 131275 | SABK | SABAEK FOR INVESTMENT PLC. |
96 | 131278 | SHRA | SHIRA REAL ESTATE DEVELOPMENT & INVESTMENTS |
97 | 131279 | IBNH | IBN ALHAYTHAM HOSPITAL COMPANY |
98 | 131282 | ISRA | ALISRAA FOR ISLAMIC FINANCE AND INVESTMENT |
99 | 131283 | SURA | SURA DEVELOPMENT & INVESTMENT PLC |
100 | 131284 | MSKN | JORDAN MASAKEN FOR LAND & INDUSTRIAL DEVELOPMENT |
101 | 131285 | AMON | AMOUN INTERNATIONAL FOR INVESTMENTS |
102 | 131287 | ENTK | ALENTEKAEYA FOR INVESTMENT & REAL ESTATE DEVELOPMENT |
103 | 131289 | SFWA | AL-SAFWAH FOR FINANCIAL INVESTMENTS CO. |
104 | 131290 | TRUK | UBOUR LOGISTIC SERVICES PLC |
105 | 141002 | JPPC | JORDAN POULTRY PROCESSING & MARKETING |
106 | 141004 | JODA | JORDAN DAIRY |
107 | 141005 | GENM | GENERAL MINING COMPANY PLC |
108 | 141009 | ICAG | THE INDUSTRIAL COMMERCIAL & AGRICULTURAL |
109 | 141010 | ACDT | PREMIER BUSINESS AND PROJECTS CO.LTD |
110 | 141015 | JOCF | JORDAN CERAMIC INDUSTRIES |
111 | 141017 | JOPC | JORDAN PAPER & CARDBOARD FACTORIES |
112 | 141019 | JOPI | THE JORDAN PIPES MANUFACTURING |
113 | 141023 | APHC | ARAB CENTER FOR PHARM.& CHEMICALS |
114 | 141024 | AJFM | AL-JANUOB FILTERS MANUFACTURING |
115 | 141026 | JOIC | JORDAN CHEMICAL INDUSTRIES |
116 | 141027 | UNIC | UNIVERSAL CHEMICAL INDUSTRIES |
117 | 141032 | INMJ | INDUSTRIAL INDUSTRIES & MATCH/JIMCO |
118 | 141036 | ATTA | COMPREHENSIVE LAND DEVELOPMENT AND INVESTMENT |
119 | 141039 | WIRE | NATIONAL CABLE & WIRE MANUFACTURING |
120 | 141054 | NATC | NATIONAL CHLORINE INDUSTRIES |
121 | 141055 | JOIR | JORDAN INDUSTRIAL RESOURCES |
122 | 141061 | ELZA | EL-ZAY READY WEAR MANUFACTURING |
123 | 141065 | RMCC | READY MIX CONCRTE AND CONSTRUCTION SUPPLIES |
124 | 141072 | AEIN | ARAB ELECTRICAL INDUSTRIES |
125 | 141073 | MPHA | MIDDLE EAST PHARMA. & CHMICAL IND. & MEDICAL APPLIANCES |
126 | 141077 | IENG | RUM ALADDIN INDUSTRIES |
127 | 141078 | ICER | INTERNATIONAL CERAMIC INDUSTRIES |
128 | 141084 | NATP | NATIONAL POULTRY |
129 | 141086 | INOH | COMPREHENSIVE MULTIPLE PROJECTS COMPANY |
130 | 141091 | NATA | NATIONAL ALUMINIUM INDUSTRIAL |
131 | 141094 | NDAR | NUTRI DAR |
132 | 141100 | EKPC | AL-EKBAL PRINTING AND PACKAGING |
133 | 141103 | NAPT | NATIONAL PETROULEUM |
134 | 141106 | IDMC | AD-DULAYL INDUSTRIAL PARK & REAL ESTATE COMPANY P.L.C |
135 | 141110 | UADI | UNION ADVANCED INDUSTRIES |
136 | 141141 | JVOI | JORDAN VEGETABLE OIL INDUSTRIES |
137 | 141170 | SLCA | INTERNATIONAL SILICA INDUSTRIAL |
138 | 141203 | TRAV | TRAVERTINE COMPANY LTD |
139 | 141208 | AQRM | AL-QUDS READY MIX |
140 | 141212 | ARWU | ARAB WEAVERS UNION COMPANY |
141 | 141213 | CJCC | JORDAN CLOTHING COMPANY P.L.C |
142 | 141214 | BLOK | ASSAS FOR CONCERTR PRODUCTS CO.LTD |
143 | 141215 | UCIC | UNITED CABLE INDUSTRIES |
144 | 141217 | IPCH | INTERMEDIATE PETROCHEMICALS INDUSTRIES CO. LTD |
145 | 141218 | FATI | AL-FATIHOUN AL-ARAB FOR INVESTMENT |
146 | 141219 | PHIL | PHILADELPHIA PAMACEEUTICALS |
147 | 141220 | MANS | UNITED IRON & STEEL MANUFACTURING CO. P.L.C |
148 | 141222 | SNRA | SINIORA FOOD INDUSTRIES COMPANY |
149 | 141224 | NCCO | NORTHERN CEMENT CO. |
Third Market | |||
No. | Code | Symbol | Name |
1 | 121012 | GERA | GERASA INSURANCE |
2 | 121013 | ARSI | AL-MANARA INSURANCE PLC.CO. |
3 | 121024 | AGICC | ARAB GERMAN INSURANCE |
4 | 121026 | ARAS | THE ARAB ASSURERS |
5 | 121027 | ARGR | ARAB JORDANIAN INSURANCE GROUP |
6 | 121031 | ARAI | AL BARAKAH TAKAFUL CO.LTD |
7 | 131011 | VFED | ALSHAMEKHA FOR REAL ESTATE AND FINANCIAL INVESTMENTS CO. |
8 | 131055 | TRTR | TRUST INTERNATIONAL TRANSPORT |
9 | 131079 | UAIC | UNITED ARAB INVESTORS |
10 | 131092 | ARED | ARAB REAL ESTATE DEVELOPMENT |
11 | 131217 | IEAI | THE INVESTORS AND EASTERN ARAB FOR INDUSTRIAL AND REALESTSTE INVESTMENTS |
12 | 131223 | DKHS | DARWISH AL-KHALILI & SONS |
13 | 131227 | AMWL | AMWAL INVEST |
14 | 131230 | SECO | SOUTH ELECTRONICS |
15 | 131232 | CEBC | AL-FARIS NATIONAL COMPANY FOR INV. & EXPORT |
16 | 131239 | TAMR | TAAMEER JORDAN HOLDINGS PUBLIC SHAREHOLDING COMPANY |
17 | 131244 | AWTD | AWTAD FOR DIVERSIFIED INVESTMENTS PLC |
18 | 131245 | MEDI | MIDDLE EAST DIVERSIFIED INVESTMENT |
19 | 131256 | ABUS | COMPREHENSIVE MULTIPLE TRANSPORTATIONS CO |
20 | 131264 | LEAS | COMPREHINSIVE LEASING COMPANY PLC |
21 | 131268 | THMA | TUHAMA FOR FINANCIAL INVESTMENTS |
22 | 131269 | FRST | FIRST JORDAN INVESTMENT COMPANY PLC |
23 | 131280 | UGHI | UNITED GROUP HOLDINGS COMPANY PLC |
24 | 131288 | UGLT | UNITED GROUP FOR LAND TRANSPORT CO. P.L.C |
25 | 141003 | APCT | ARAB COMPANY FOR INVESTMENTS PROJECTS |
26 | 141011 | NAST | NATIONAL STEEL INDUSTRY |
27 | 141021 | ICMI | INTERNATIONAL FOR MEDICAL INVESTMENT |
28 | 141031 | WOOL | AKARY FOR INDUSTRIES AND REAL ESTATE INVESTMENTS |
29 | 141045 | JOWL | JORDAN ROCK WOOL INDUSTRIES |
30 | 141058 | LIPO | ENJAZ FOR DEVELOPMENT & MULTI PROJECTS COMPANY P.L.C |
31 | 141059 | JNCC | MIDDLE EAST SPECIALIZED CABLES COMPANY/MESC_JORDAN |
32 | 141081 | PERL | PEARL- SANITARY PAPER CONVERTING |
33 | 141097 | MECE | MIDDLE EAST COMPLEX FOR ENG., ELECTRONICS & HEAVY INDUSTRIES |
34 | 141105 | AMAN | AMANA FOR AGR.& INDUSTRIAL INVESTMENT |
35 | 141117 | INTI | INVESTMENTS & INTEGRATED INDUSTRIES CO. PLC (HOLDING CO) |
36 | 141205 | FNVO | FIRST NATIONAL VEGETABLE OIL INDUSTRIES CO. |
37 | 141211 | GLCI | GENERAL LIGHTWEIGHT CONCRETE INDUSTRIES |
38 | 141216 | JOSE | JORDAN COMPANY FOR ELCRICITY AND OIL SHAL |
39 | 141221 | JMCO | JORDAN MARBLE COMPANY P.L.C. |
Trading Session Phases and Hours for the
Third Markets
Phases |
Hours |
Beginning of Day Inquiry |
08:30 – 09:45 |
Pre-Opening |
09:45 –±09:50 |
Opening |
±09:50 |
Continuous Trading |
±09:50 – 10:10 |
Pre-Closing |
10:10 - ±10:15 |
Closing |
±10:15 |
Block Trades |
12:50 - 13:00 |
Post Session |
13:00 |