Those aren't Jump Lists, they are Taskbar thumbnail previews. The Win Explorer Jump List looks like this when multiple windows are open:

When there are too many windows open and consequently too many thumbnails to fit on screen, the list changes to a simple text-based one as shown in the question's screenshot. Windows 7 and later use Application User Model IDs (AppUserModelIDs) to determine which windows to group/combine and which ones to treat separately. It is possible to sort windows within a group, but unfortunately Windows only allows window groups as a whole to be moved on the taskbar. However, a handy utility that provides the missing UI for various taskbar-related options/operations is 7+ Taskbar Tweaker (can be installed in portable mode):

As you can see from the screenshot above, you can either select Drag to reorder under Thumbnails to allow for simple dragging of thumbnail previews, or open the Taskbar Inspector, right-click the relevant window group and select the Sort group items option.
1I don't think this is same as Jump Lists. Jump Lists are what you see on right clicking those program icons in the taskbar. I am simply hovering on top of those icons. – bits – 2013-03-06T01:20:04.280
1Are you sure? Cause it looks like Windows 7 Jump List. So you have opened 30 folders and when you hover over the explorer icon in the taskbar you see the image above you provided ? That is just a preview of your open programs you can't sort that. It will always display in order you opened the files. – Devid – 2013-03-06T10:03:32.110