Amman Stock Exchange Daily Report - 15 May

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1. Amman Stock Exchange 15-May-19 AMMAN SE GENERAL INDEX 2 ,050 Close % Change 1,825.26 -0.49% Year-to-Date (YTD) 0.43% Daily Volume (shares) 4,074,143 Daily Turnover (JOD) 3,421,957 6 MONTHS INDEX PERFORMANCE 2,000 1,950 1,900 1,850 1,800 1,750 Best Performing Companies FIRST FINANCE CORP EL-ZAY READY WEAR MANUF CO EMMAR INVESTMENTS & REAL EST AL-AMIN FOR INVESTMENT AL-MANARA INSURANCE Worst Performing Companies % Change 7.41 6.67 4.55 4.41 4.35 Top Traded Companies by Volume (Shares) INTERMEDIATE PETROCHEMICHALS RUM TOURIST TRANSPORTATION C JORDAN STEEL UNION INVESTMENT CORP ARAB EAST INVESTMENT * Source: Bloomberg ARAB EAST INVESTMENT HIGH PERFORMANCE REAL ESTAT METHAQ REAL ESTATE INVESTMEN JORDAN PIPES MANUFACTURING HOUSING BANK FOR TRADE AND F % Change (3.77) (4.00) (4.62) (4.65) (7.48) Top Traded Companies by Value (JOD) 594,117 487,427 407,800 259,540 211,200 JORDAN VEGETABLE OIL INDUSTR INTERMEDIATE PETROCHEMICHALS UNION INVESTMENT CORP RUM TOURIST TRANSPORTATION C METHAQ REAL ESTATE INVESTMEN 396,565 345,824 310,037 272,960 148,685
2. Macroeconomic & Corporate News Japan disburses first $100m of $300m loan to Jordan The Japan International Cooperation Agency (JICA) on Tuesday disbursed $100 million to Jordan, as the first tranche of a $300 million loan, JICA Chief Representative Miyahara Chie announced. JICA will continue to support the Kingdom, which is leading serious austerity measures that are well recognised by the donor community, she told The Jordan Times in an exclusive interview on Tuesday. The second tranche of the loan agreement, which was signed in 2018 during His Majesty King Abdullah’s visit to Japan, will be transferred in October this year, Chie added. According to the chief, the third instalment will be disbursed in late 2020. "The loan is linked to a matrix of prior actions, and in this matrix, we focus on business environment, trade and employment,” she underlined. Disbursement of the loan is tied to indices that the government has to meet, Chie continued. In the meantime, Japan also provides “technical support for the Jordanian government so [as to enable it] to attain these goals", the Japanese official said. Jordan Press Foundation’s revenues reach around JD10 million in 2018 The total 2018 revenues of the Jordan Press Foundation (JPF) reached JD10.1 million, compared with JD12.2 million in 2017. The value of the JPF’s assets, which publishes The Jordan Times and Al Rai, totalled JD35.7 million in 2018, down from JD39.2 million in 2017, while the net intellectual property valued at some JD19.9 in 2018, compared with JD25.5 million in 2017, according to the foundation’s financial report. During the annual ordinary meeting of the JPF general assembly to discuss the report, JPF Chairman Ayman Majali expressed optimism in the future of the foundation, noting that its losses in the first quarter of this year dropped by JD700,000 when compared with last year’s results. Majali noted that the JPF has recently signed a memorandum of understanding to establish a radio station without incurring any financial costs, as the partner company will equip the station with the necessary tools and equipment for broadcasting in return of sharing profits by half. Inflation up 0.6% in first four months of 2019 The inflation rate in the first third of 2019 rose by 0.6 per cent, compared with the same period of last year, the Department of Statistics (DoS) reported on Tuesday. The increase was attributed to rising prices of beans and vegetables by 0.5 per cent, cereals and lentils by 0.32 per cent for each, education by 0.12 per cent and fuel and electricity by 0.08 per cent. The DoS also added that price declines were witnessed in meat and poultry by 0.45 per cent, dairy products, eggs and transportation by 0.12 per cent and garments by 0.06 per cent. * 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.