Jordan Securities Commission has approved amendments to the Securities Listing Instructions and the Unlisted Securities Market Instructions to introduce a restricted trading mechanism, allowing companies to resume trading after a suspension in the same market where they are listed under specified constraints instead of being moved to the Unlisted Securities Market. Under the mechanism, a company can re-open trading three working days after the suspension period set out in the instructions, with the trading session reduced to one and a half hours and a daily permitted price movement of 3% of the closing price during restricted trading. Restricted trading continues until the company rectifies its position. The Commission also highlighted that the change reduces the suspension period for companies that have not provided the Amman Stock Exchange with audited annual or interim audited financial statements to three days from 14. The restricted trading mechanism is set to take effect from 2 February 2025.
Jordan Securities Commission 2025-10-27
Jordan Securities Commission amends listing rules to introduce restricted trading after share suspensions
The Jordan Securities Commission has approved amendments to introduce a restricted trading mechanism, allowing companies to resume trading under specific constraints after a suspension, with a reduced trading session and limited price movement. This change, effective 2 February 2025, also shortens the suspension period for companies failing to provide audited financial statements to three days from 14.