Amman, Nov. 3 (Petra) -- The Amman Stock Exchange (ASE) posted strong third-quarter results for 2025, underscoring the resilience of the national economy and rising investor confidence amid stable monetary conditions and effective fiscal policies.
Data released by the exchange showed that aggregate profits of listed companies increased by 10.9 percent, reaching JD1.716 billion, reflecting broad-based growth across the financial, industrial, and services sectors.
Economists say the latest figures reinforce the ASE’s evolving role as a key driver of economic modernization and institutional investment. Financial experts Wajd Al-Makhmara and Dr. Omar Al-Ghuraibeh told the Jordan News Agency (Petra) that the earnings momentum among public shareholding companies signals the success of ongoing structural reforms, a balanced policy mix, and greater operational efficiency across sectors.
Al-Makhmara noted that pre-tax profits rose to JD2.384 billion from JD2.242 billion a year earlier, an increase of 6.3 percent, supported by improved cost management, lower financing expenses, and enhanced productivity in core industries. He emphasized that these results reflect stronger macroeconomic fundamentals, with productive sectors such as manufacturing and services demonstrating greater flexibility and competitiveness.
The financial sector led the upturn with 9.3 percent growth, driven by higher bank and insurance profits stemming from expanded deposits, wider net interest margins, and improved investment yields. The industrial sector recorded the strongest performance, expanding by 15.8 percent amid rising export demand and higher output in phosphates, fertilizers, and chemical products. The services sector also registered a 4.1 percent gain, supported by solid performance in tourism, transportation, telecommunications, and logistics.
These sectoral gains align with broader economic indicators. Jordan’s GDP growth reached 2.8 percent in the second quarter, surpassing projections, while national exports climbed 8 percent in the first eight months of the year and tourism revenues grew 6.8 percent during the first nine months. Foreign reserves stood at approximately $24 billion, a level described by analysts as "comfortable," underpinning the stability of the Jordanian dinar and the credibility of monetary policy.
Al-Makhmara attributed the improved performance to a stable financial environment and the government’s sustained focus on economic modernization and investment incentives, which have strengthened the foundation for sustainable, long-term growth.
Echoing this view, Dr. Al-Ghuraibeh, professor of finance at Al al-Bayt University, said the data indicates a steady recovery in corporate profitability despite regional challenges and higher borrowing costs. He highlighted that the financial sector’s net profit reached JD1.016 billion, up from JD930 million last year, a 9.3 percent rise, reflecting the robustness of the banking system and effective risk management practices among financial institutions.
Al-Ghuraibeh added that the industrial sector continues to anchor the country’s productive capacity, with profits surging to JD563.9 million, compared to JD486.8 million in 2024. The increase was driven by export expansion, lower input costs in key manufacturing subsectors such as chemicals and pharmaceuticals, and higher operational efficiency among large corporations. The services sector, he noted, generated JD136.1 million in net profit versus JD130.8 million last year, buoyed by tourism and renewable energy activities.
He also underscored the improvement in corporate disclosure and governance, with 96 percent of listed firms submitting their third-quarter financial statements, 155 out of 162 companies, a record level of transparency that has strengthened investor confidence in the ASE’s institutional integrity.
According to Al-Ghuraibeh, the exchange’s performance reflects the cumulative impact of balanced fiscal and monetary policies and a series of regulatory and structural reforms, including tax exemptions for mutual funds, reduced trading commissions, extended trading hours, and liberalized investment rules allowing foreign investors seeking Jordanian citizenship to allocate capital in the local market.
These measures have translated into exceptional market activity. The ASE general index has advanced by 33.3 percent since the beginning of 2025, its highest level since 2008, while total market capitalization has surged by 41.3 percent, making this year one of the most dynamic for the exchange in two decades.
Al-Ghuraibeh concluded that if current trends persist through the fourth quarter, 2025 will rank as the best year since 2020 in terms of profit growth and market liquidity. "The Amman Stock Exchange today is not only a reflection of Jordan’s economic performance," he said, "but a barometer of investor confidence in the country’s resilience and capacity for sustained expansion amid regional uncertainty." //Petra// RZ
