Amman Stock Exchange Daily Report - 13 February

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1. Amman Stock Exchange 13-Feb-18 AMMAN SE GENERAL INDEX 2 ,180 Close % Change 2,239.15 0.61% Year-to-Date (YTD) 5.28% Daily Volume (shares) 4,174,826 Daily Turnover (JOD) 9,844,394 6 MONTHS INDEX PERFORMANCE 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies JORDAN NATL SHIPPING LINES AMMOUN INTERNATIONAL FOR INV ZARA INVESTMENTS SALAM INTL TRANSPORT & TRAD AL-DAWLIYA HOTELS & MALLS Worst Performing Companies % Change 7.04 3.85 3.70 3.64 3.57 3.28 Top Traded Companies by Value (JOD) ARAB BANK PLC UNITED CABLE INDUSTRIES CO INTERMEDIATE PETROCHEMICHALS RUM TOURIST TRANSPORTATION C CAIRO AMMAN BANK * Source: Bloomberg AL SANABEL INTERNATIONAL CO NATL PORTFOLIO SECURITIES UNITED FINANCIAL INVESTMENTS REAL ESTATE DEVELOPMENT ITTIHAD SCHOOLS COMPANY % Change (2.56) (3.08) (3.08) (4.44) (7.24) Top Traded Companies by Volume (Shares) 906,966 489,502 282,300 164,085 123,436 ARAB BANK PLC AL EQBAL CO FOR INVESTMENT P JORDAN PHOSPHATE MINES JORDAN PETROLEUM REFINERY CO INTERMEDIATE PETROCHEMICHALS 6,293,329 290,517 265,183 259,901 217,369
2. Macroeconomic & Corporate News ‘ASEZA employment directorate provided 1,600 jobs in private sector’ The training and employment directorate in the Aqaba Special Economic Zone Authority (ASEZA) has provided 1,600 jobs in the private sector, the Jordan News Agency, Petra, reported on Sunday. This comes with the implementation of the authority’s strategy to empower the local community, which seeks to benefit from the employment opportunities in ASEZA as a result of growing investment and diversity. ASEZA Chief Commissioner Nasser Shraideh stressed that the development of the directorate aims primarily to employ Jordanians in the private hospitality, industrial and service sectors, to reduce poverty and unemployment. ‘Electricity price hikes extra burden on industry sector’ The Jordan Chamber of Industry on Monday said that high electricity prices will affect the industrial sector by hurting the competitiveness in export markets. ergy prices are considered one of the biggest challenges that face the industrial sector, especially medium- and small-scale industrial enterprises, the chamber said in a statement. The sector is suffering from high production costs, especially of raw materials, Chamber Chief Adnan Abu Raghib said in the statement adding that electricity bills constitute around 35 per cent of the production costs. The chief of electricity committee, Mohammad Kharabshih, said in the statement that the industrial sector is the second largest consumer of electricity and that increasing its prices would add new burdens to the sector. Potash company’s subsidy to assume bigger share in global market after deal The Arab Potash Company (APC) and Yara International ASA, a Norwegian chemical company, have signed a memorandum of understanding, under which the new partner would invest $200 million to fund a new production line and help market APC’s products worldwide. The agreement comes as part of a plan to increase the production of APC’s Aqaba-based subsidy, Arab Fertilisers and Chemicals Industries Co. (KEMAPCO) of potassium nitrate fertilisers by 175,000 tonnes, raising the gross production to 350,000 tonnes, through building a new factory with up-to-date production line, according to an APC statement e-mailed to The Jordan Times on Monday. The memo stipulates that Yara markets part of the KEMAPCO production on international markets, excluding local and regional markets, and provides KEMAPCO with technical and environment support related to potassium nitrate production. The production segment in Yara is a “world leading producer of nitrates, calcium nitrate, NPKs, global number two in ammonia and a growing portfolio of phosphates, providing the foundation for Yara’s crop nutrition and industrial solutions”, according to the Yara website. KEMAPCO has a plant production capacity of 135,000 tonnes annually of water-soluble potassium nitrate fertiliser, which will go up to 175,000 tonnes after the completion of an expansion project that started two years ago, according to the statement. * Source: Bloomberg, Jordan Times, Zawya Disclaimer Awraq Investments and its affiliates obtain information from sources they believe to be reliable, but do not warrant its accuracy or fitness for a particular purpose, and disclaim for themselves and their information providers all liability arising from the use. The Information in this publication is provided in good faith for informational purposes only. The information provided is not offered as tax, legal, or investment advice, or an offer to buy or sell securities or otherwise. The information provided in this publication may be displayed and printed for your personal, non-commercial use only. You may not reproduce, re-transmit, distribute, disseminate, sell, publish, broadcast, or circulate the information in any form or media to anyone, without the expressed written consent of Awraq Investments. Awraq Investments is not liable for any loss resulting from any action taken or reliance made by any person on any information or material posted by it. You should make your own inquiries and seek independent advice from relevant industry professionals before acting or relying on any information or material made available to you in this publication. You rely on this information at your own risk. Awraq Investments, its subsidiaries, parent, and/or any connected parties, may act or trade and/or enter into any transaction that maybe inconsistent or disregard any information contained herein.