Amman Stock Exchange Daily Report - 15 December

Transcription

1. Amman Stock Exchange 15-Dec-20 AMMAN GENERAL INDEX Close % Change Year-to-Date (YTD) 1,615.28 0.39% -11.01% Daily Volume (shares) 6,167,230 Daily Turnover (JOD) 6,037,874 Index Perfomance Graph 1,700 1,680 1,660 1,640 1,620 1,600 1,580 1,560 1,540 1,520 1,500 11-May-20 11-Jun-20 11-Jul-20 11-Aug-20 11-Sep-20 11-Oct-20 Best Performing Companies 11-Nov-20 11-Dec-20 Worst Performing Companies IBN ALHAYTHAM H. % Change 5.00% JOR WORSTED MILL 5.00% NAT/CABL/WIRE/MF -4.55% ARAB INT INV EDU 4.88% JORDAN INSURANCE -4.57% FIRST JORDAN 4.76% ARAB JOR INSUR -4.88% ARAB ORIENT INS 4.67% JOR DUTY FRE SHP -5.00% Top Traded Companies by Volume (Shares) INDSTRAL/COMM/AGR % Change -3.90% Top Traded Companies by Value (JOD) J D PROPERTIES 1,545,768 UNION LAND DEV 1,100,851 RUM GROUP 1,006,420 ARAB BANK 982,416 UNION LAND DEV 567,811 ARAB INV. UNION 719,847 CAIRO AMMAN BANK 459,330 J D PROPERTIES 525,561 FIRST INSURANCE 423,505 CAIRO AMMAN BANK 440,449
2. Macroeconomic & Corporate News Sound economic measures a panacea for unemployment problem — experts Reducing production costs, providing well-targeted investment incentives and improving working conditions are imperative in reining in ballooning unemployment rates among Jordanian men and women, observed economists and experts. In interviews with The Jordan Times, they called for lowering taxes to encourage businesses and investments, reducing social security subscriptions, and bridging the gap between academia and the industry to help reduce the “unprecedented unemployment rate”. According to recent figures by the Department of Statistics (DoS), Jordan’s unemployment rate rose to 23.9 per cent in the third quarter of 2020 from 19.1 in the same quarter of 2019. Jordan’s unemployment rate reached 23 per cent in the second quarter of 2020 and 19 per cent at the end of 2019. Unemployment rate in the third quarter of this year reached 21.2 per cent among men compared with 33.6 per cent among women, according to the DoS figures. Unemployment rate among university graduates stood at 27.7 per cent, the data showed. APC gets Investment Council nod to establish development zone near Dead Sea The Investment Council, during a meeting chaired by Prime Minister Bisher Al Khasawneh, on Monday approved the Arab Potash Company’s (APC) request to establish a special development zone in the southern Dead Sea area to implement projects on derivatives of and chemical products from potash. The zone, with an estimated capital of $330 million, is envisioned to create some 700 direct and indirect jobs, the Jordan News Agency, Petra, reported. Khasawneh, during the meeting held at the Prime Ministry, said that the government is “determined” to empower existing investments and create attractive and competitive investment environment in a way that can achieve “a qualitative leap”. The premier also directed the labour minister and the minister of state for investment affairs to coordinate with the Jordan Investment Commission to prepare a comprehensive plan on the investment system in the Kingdom, in addition to develop an action plan that aims at providing a conducive environment to attract more direct foreign investments into the Kingdom. He highlighted the importance of public-private partnership to support economic and industrial sectors that play a remarkable role in the national economic development, providing jobs for the unemployed and attracting investments. Khasawneh also directed members of the council to convene periodically every two weeks with the aim of following up on any developments in the investment policies and improving the Kingdom’s investment environment. * Source: 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.