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Corporate profits indicate that this year will be a good year for companies that recorded good profits, exceeding what they earned in the same period of the previous year.
99 percent of the 154 companies listed on the Amman Stock Exchange have announced their financial statements, which is a good indicator of the soundness of their financial and administrative performance.
Profits after tax attributable to shareholders of public shareholding companies listed on the Amman Stock Exchange for the three quarters of 2026 rose to reach 1,776.2 million dinars, compared to 1,694.8 million dinars for the three quarters of 2025, an increase of 4.8 percent. Profits before tax for these companies also rose to reach 2,473.7 million dinars for the three quarters of 2026 compared to 2,356.0 million dinars for the three quarters of 2025, an increase of 5.0 percent.
Profits after tax attributable to the services sector rose by 66.0 percent, the financial sector rose by 4.7 percent, while they decreased for the industrial sector by 9.6 percent.
But has this profitability been reflected in stock prices?
The Amman Stock Exchange has recorded remarkable performance since the beginning of 2026, represented by an increase in market performance indicators, as the general index ASEGI rose to reach 4117.3 points, an increase of 14.0 percent compared to the end of 2025. The ASE20 index also rose by 12.3 percent, and the ASETR total return index rose by 18.2 percent. As for the total trading volume, it increased by 55.8 percent compared to the same period last year, and the daily average trading volume rose to reach 13.4 million dinars compared to 8.8 million dinars for 2025.
The market capitalization of listed companies increased by 9.1 percent to reach 28.9 billion.
There is a stimulus policy that undoubtedly led to improved performance, including growth of 2.9 percent for the first half of 2026, an increase in national exports by 6.2 percent, remittances from workers during the first seven months of the year by 14.1 percent, and an increase in foreign reserves at the Central Bank to more than 28.5 billion dollars.
Profitable companies will determine the dividend distribution rates for shareholders, which are cash dividends (liquidity) that will achieve more than one goal at once.
The first of these goals is to provide the market with the liquidity it needs through small shareholders, and to enhance investment and expansion in the stock market through major shareholders.
Cash dividends are a tool for evaluating stock performance; they offer the shareholder a partial return on their investment and provide compensation to overcome the weakness in purchasing power in light of inflation.
Moreover, the cash dividend yield is significantly higher than market interest rates; it contributes to improving the stock price and enhances its attractiveness to investors. For this reason and more, cash dividends for companies should be encouraged more than supporting their plans to distribute free shares.
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