Monday 29 May, 2023 in Amman
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ASE
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0.63% ▲
1,596.27

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ASE Market Indicators

 
Symbol
Last Close
Current
Change %
 
 
0.18
0.19
5.56% ▲
 
 
0.82
0.86
4.88% ▲
 
 
0.21
0.22
4.76% ▲
 
 
0.64
0.67
4.69% ▲
 
 
1.77
1.85
4.52% ▲
 
 
Name
Value
Change %
Change
 
 
EUR/USD
1.1328
0.4286
0.0049
 
 
USD/JPY
107.4510
0.0744
-0.0800
 
 
GBP/USD
1.2587
0.3424
0.0043
 
 
USD/CHF
0.9385
0.4096
-0.0039
 
 
AUD/USD
0.6965
0.2868
0.0020
 
 
USD/CAD
1.3541
0.4265
-0.0058
 
All currencies are compared to US dollar

Background & Performance

Background

The Arab Financial Investments Company was established in 1994, for the primary objectives of conducting stock-trading activities at Amman Stock Market and working as a broker by commission and for its own portfolio. The company at a later stage acquired a license for financial consultancy, and another license to provide marginal financing which boosted its clientele base and participated in higher revenue.

In the year 2000, a young and motivated management took over the company and reined it to become the prominent firm in the market with remarkable achievements and reputable record.

In 2008, The Arab Financial Investment Company resumed trading on the ASE after increasing its Capital to JD15 Millions that gives the company additional liquidity to serves its clients.

Performance

The Arab Financial Investment Co. has been showing continuous growth in both its top and bottom lines.

The company reported net brokerage revenue of JD 4,168,257; JD 5,319,190; JD 9,831,673; JD 5,644,938 IN 2006, 2007, 2008 and 2009 respectively.

AFIN cut down on brokerage commission in 2006 in conformance with the Jordan Securities Commission’s new brokerage commission upper and lower limits.

Through its distinguished services, AFIN managed to widen its clientele base to land the biggest share of institutional clients and highest market share in volume traded.

Also, due to the impressive quality of its customer services and the high level of efficiency provided by its licensed brokers, AFIN has increasingly been able to attract global and international portfolio managers, which has granted AFIN the largest share of international institutional investors in the local market.

AFIN continues to focus its efforts on elevating the quality of its services through the rigorous training of its already competent personnel and the strict abiding to rules and regulations.

Year JD Volume Traded Market Share Rank
2005 2,983,268,364 8.83% First 
2006 1,381,117,821 4.90% First
2007 1,679,592,147 6.80% Second
2008 3,532,988,030 8.70% First
2009 2,006,619,944 10.40% First