Amman Stock Exchange Daily Report - 16 November

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1. Amman Stock Exchange 16-Nov-17 Close AMMAN SE GENERAL INDEX 2 ,093.76 % Change Year-to-Date (YTD) 0.14% -3.53% Daily Volume (shares) 1,738,488 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers JORDAN DECAPOLIS PROPERTIES JORDANIAN PHARMACEUTICAL MAN BINDAR TRADING & INVESTMENT NATIONAL CABLE & WIRE MANUF HIGH PERFORMANCE REAL ESTAT % Change 4.44 4.00 3.80 3.23 2.56 Top Traded Companies by Value UNION INVESTMENT CORP JORDANIAN ELECTRIC POWER RUM TOURIST TRANSPORTATION C ARAB BANK PLC AL EQBAL CO FOR INVESTMENT P * Source: Bloomberg Worst Performers ALIA THE ROYAL JORDANIAN AIR AL-TAJAMOUAT FOR CATERING HS UNION TOBACCO & CIGARETTE UNION INVESTMENT CORP NATL PORTFOLIO SECURITIES % Change (2.33) (2.70) (2.93) (3.05) (4.48) Top Traded Companies by Volume Value traded (JOD) 253,306 146,999 139,297 126,244 112,130 111,651 NATIONAL CABLE & WIRE MANUF UNION INVESTMENT CORP RUM TOURIST TRANSPORTATION C JORDAN STEEL JORDANIAN ELECTRIC POWER SPECIALIZED INVESTMENT COMPO EMMAR INVESTMENTS & REAL EST Volume traded (Shares) 266,600 199,693 161,964 91,770 81,187
2. Macroeconomic & Corporate News Jordan's economy shows signs of recovery this year The national economy has shown signs of recovery and is expected to achieve positive growth rates in the coming years, Central Bank of Jordan(CBJ) Governor Ziad Fariz said on Wednesday. Inaugurating the fifth forum on banks’ social responsibility, Fariz added that Jordan has managed to overcome formidable challenges in the past five years, the Jordan News Agency, Petra, reported. The regional and world situations, he said, have led to a decline in growth rates to way less than their historic rates of 7.1 per cent recorded before regional crises emerged to an average of 2.6 per cent after the outbreak of crises between 2010 and 2016. However, according to the governor, the growth rate remained positive, reaching in the first half of the year 2.1 per cent, and is expected to reach 2.2 per cent by yearend, compared to 2 per cent by the end of 2016. IIRA maintains credit ratings on Jordan Islamic Bank Islamic International Rating Agency (IIRA) has reaffirmed ratings on Jordan Islamic Bank (“JIB” or “the bank”) with the national scale ratings at A+(jo)/ A1(jo) (Single A Plus / A One). At the same time, on the international scale, both foreign and local currency ratings have been reaffirmed at BB+/A3 (Double B Plus / A Three) and at BBB-/A3 (Triple B Minus / A Three), respectively. Further, IIRA has maintained the outlook on the assigned ratings at stable. JIB is the largest Islamic bank in the Hashemite Kingdom of Jordan (“Jordan” or “the country”) and positioned as a prominent market player in the country’s overall banking sector. The current ratings factor in the persisting macroeconomic and regional challenges in Jordan that is gradually leading to a systemic slowdown in the country’s banking sector. While JIB has outpaced the industry in terms of overall asset and deposits growth, relative slowdown has been witnessed in HY2017, reflective of general risk aversion. On the other hand, the bank’s capitalization remains strong supported by sufficient internal capital generation that provides adequate cushion for loss absorption under the existing risk conditions. Profitability of the bank also remains sound with key indicators being superior compared to industry aggregates. Further expansion in JIB’s delivery network is envisaged in the ongoing year, with simultaneous implementation of cost efficiency measures. Liquid reserves are sizable with metrics well exceeding the legal requirements. In addition to cost implications, the bank’s funding base continues to derive benefit from its strong retail footprint. Jordan to establish logistical airport in Mafraq The government has reached an agreement with a US company to establish a logistical airport in Mafraq, Minister of Industry, Trade and Supply Yarub Qudah said on Saturday. Opening the third Silk Road Conference, which is organized by the Palestinian-Jordanian Business Forum, Qudah added that a logistical center would also be established in Mafraq, 80km northeast of Amman, to become a major base for reconstruction projects in the region, the Jordan News Agency, Petra, reported. He noted that the government had prepared a plan with the World Bank to render the Kingdom a main platform for regional reconstruction projects, in cooperation with other countries in the neighborhood. * 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.