Khaberni - A wave of strong buying momentum has pushed the Amman Stock Exchange index to continue its rise during the transactions of this week, recording notable gains, supported by optimism about the results of listed companies and improved investor sentiment, while the market value of listed stocks rose to about 24 billion Jordanian dinars, the highest level since 2009.
The recent trading sessions witnessed significant activity in the stocks of leading companies within the banking, financial services, and real estate sectors, amid a liquidity inflow of approximately 17 million dinars, reflecting growing confidence in market performance and its ability to breach new resistance levels in the upcoming period.
Financial expert, Saher Al-Adous, stated that optimism about the company results for the third quarter of the current year was the main driver behind this rise, especially given expectations for stable operating profits for banks and investment companies.
He noted that the market is experiencing a positive shift in investor behavior from short-term speculation to medium and long-term investment, supported by monetary stability and the steadiness of the dinar exchange rate, alongside positive economic performance indicators reflected by recent central bank data.
With the market value reaching 24 billion dinars, the Amman Stock Exchange has recovered a significant part of its historic levels not seen since the global financial crisis in 2009, enhancing its position as one of the most stable markets in the region.
This increase indicates an improvement in the attractiveness of the Jordanian market for both local and foreign investments, especially given enticing valuations of stock prices compared to regional counterparts, along with the central bank's financial policies that have maintained a stable investment environment.
Observers expect the general index of the Amman Stock Exchange to continue its upward trend in the short term, having touched today the point 3236 with an increase of 1.5 percent, for the first time since November 2008, targeting the nearby resistance level at point 3250, driven by the inflow of liquidity and improved investor risk appetite, along with positive expectations regarding the performance of the Jordanian economy in the last quarter of 2025.
