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OTC market to be launched Thursday

By JT - Aug 01,2016 - Last updated at Aug 01,2016

AMMAN — Regulating directives for trading in unlisted securities as well as those on listing securities for 2016 will come into force as of Thursday, Amman Stock Exchange (ASE) CEO Nader Azar said.

In a statement carried by the ASE website, he said the Over-The-Counter (OTC) Market will be introduced at the ASE accordingly. 

Azar noted that the step comes as a part of efforts to develop a mechanism for trading in unlisted securities through their market, per se. It also provides shareholders of the listed and suspended companies with the opportunity to sell their shares according to supply and demand.

Moreover, it enables investors interested in buying the shares of those companies to do so, he said.

Azar said the ASE had created a special menu on its website, containing all related information about this market.

 

A brochure was prepared specifically for this purpose. Recent directives, the list of the companies whose shares are allowed to be traded through this market and all information that may be needed by those who are interested in such securities are also available. The OTC Market statistics will also be published after the end of trading hours via this menu, according to the ASE. 

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