By : Nedal Zubeidi
Jordan Daily – Fadi Al-Jbour, General Manager of Sanabel Alkhair for Financial Investments, said the company maintained its position as the top brokerage firm on the Amman Stock Exchange (ASE) through the end of November, recording a trading volume of more than JD 480 million, attributing the result to stronger market activity and continued client confidence.
Sanabel Alkhair, a wholly owned subsidiary of Jordan Islamic Bank – Al Baraka Group, provides Sharia-compliant trading services on the ASE.
Al-Jbour said rising trading volumes and an uptick in the ASE price index reflected a notable improvement in market performance. He credited recent decisions by the Jordan Securities Commission (JSC) and the Amman Stock Exchange (ASE) for helping accelerate the positive trend.
He said measures such as extending the continuous trading session by one hour, reducing trading commissions to more competitive levels, introducing restricted trading and launching the Unlisted Securities Market had “played an important role in stimulating activity and enhancing market attractiveness.”
Al-Jbour called on the JSC to introduce regulations permitting brokerage firms to offer Sharia-compliant, equity-based Murabaha products, saying such tools would expand Islamic investment options in the market.
He also urged the ASE to revisit monthly fees for electronic trading platforms to encourage wider adoption of online trading services by investors inside and outside Jordan.