VOL. XLII

No. 31

2-August-1999

JORDAN

'Amman Stock Exchange Index Declines But Regulatory ReformsMake Strides

The 'Amman Stock Exchange (ASE) has experienced a steepdecline in its index over the past few months, but officials at the exchangesay the drop has been coupled with a sharp increase in trading volume (up 30%since the beginning of 1999), and although prices have fallen, increasedliquidity shows a deepening of market activity. The ASE, which was establishedas an independent body in March...