Amman Stock Exchange Daily Report - 15 February

Transcription

1. Amman Stock Exchange 15-Feb-18 AMMAN SE GENERAL INDEX 2 ,180 Close % Change 2,226.18 -0.23% Year-to-Date (YTD) 4.67% Daily Volume (shares) 5,593,239 Daily Turnover (JOD) 5,097,467 6 MONTHS INDEX PERFORMANCE 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies JORDAN DUTY FREE SHOP REAL ESTATE DEVELOPMENT ARABIAN STEEL PIPES MASAFAT FOR SPECIALIZED TRAN CAPITAL BANK OF JORDAN Worst Performing Companies % Change 6.35 4.88 4.35 3.64 3.45 Top Traded Companies by Value (JOD) SPECIALIZED INVESTMENT COMPO REAL ESTATE DEVELOPMENT ARAB BANK PLC CAPITAL BANK OF JORDAN AL-TAJAMOUAT FOR TOURISTIC P * Source: Bloomberg 1,360,644 932,734 734,044 226,643 218,537 LAFARGE JORDAN CEMENT AMAD INVESTMENT & REAL ESTAT JORDAN NATL SHIPPING LINES JORDAN NATL SHIPPING LINES NATL PORTFOLIO SECURITIES % Change (4.31) (4.35) (4.46) (4.46) (4.69) Top Traded Companies by Volume (Shares) SPECIALIZED INVESTMENT COMPO ARAB BANK PLC REAL ESTATE DEVELOPMENT CAPITAL BANK OF JORDAN JORDAN DUTY FREE SHOP 1,046,759 734,044 392,266 201,479 156,210
2. Macroeconomic & Corporate News US pledges $6.3b in assistance to Jordan for 5 years His Majesty King Abdullah on Wednesday received US Secretary of State Rex Tillerson, who is visiting Jordan as part of a regional tour, and discussed the strategic partnership between the two countries, along with regional and international developments. At the meeting, the two sides reaffirmed the importance of the five-year memorandum of understanding between Jordan and the United States on economic and military cooperation, signed in Amman on Wednesday, according to a Royal Court statement. Under the memo, the US will provide around $6.3 billion in assistance over five years, with $1.275 billion provided annually and a $275 million increase over the 2015-2017 memo, in order to enable Jordan to continue reform and development programmes, and to mitigate the impact the refugee burden. Speaking at the meeting, which was attended by Prime Minister Hani Mulki, King Abdullah expressed Gov’t of signs shale oil concession deals The Ministry of Energy and Mineral Resources on Wednesday signed two 40-year concession agreements with Karak International Oil (KIO) and the Saudi Arabian Corporation for Oil Shale (SACOS) to exploit oil shale with surface distillation for oil production in the Lajoun and Attarat Umm Ghadran areas. The two companies are currently seeking to attract financers to contribute to the project, in which the cost of each scheme exceeds $2 billion, the Jordan News Agency, Petra, reported. A Royal decree had been issued approving a law amending a previous bill for the ratification of the concession agreement for the surface distillation of oil shale signed between the government and KIO. The decree also approved a law amending another act for the ratification of the concession agreement for the surface distillation of oil shale between the government and SACOS, expected to be published in the Official Gazette on Thursday. According to the two agreements, the production of oil shale in the Lajoun area is expected to reach 25,000 barrels a day and 30,000 barrels a day at Umm Al Ghadran, an 11sq.km area, where 2,500 barrels of oil are expected to be produced in the initial phase. Commerce chamber head, Indian ambassador discuss trade, investment Jordan Chamber of Commerce President Nael Kabariti and India’s Ambassador to Jordan Shubhdarshini Tripathi on Wednesday discussed means to boost trade and investment ties between both countries’ private sectors. Kabariti voiced the private sector’s keenness to enhance relations with the Indian counterpart, exchange delegations and benefit from agreements to expand the exchange of goods, the Jordan News Agency, Petra, reported. For her part, the ambassador praised the Kingdom’s private sector’s efforts in consolidating relations with private institutions in India, voicing the embassy’s readiness to provide all the support necessary to ensure the success of the joint Jordanian-Indian business forum, scheduled to be held in New Delhi late in the month. * 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.