Amman Stock Exchange Daily Report - 17 August

Transcription

1. Amman Stock Exchange 17-Aug-20 AMMAN GENERAL INDEX 1 ,950 Close % Change Year-to-Date (YTD) Daily Volume (shares) Daily Turnover (JOD) 1,579.07 0.16% -12.98% 4,509,300 4,347,373 6 MONTHS INDEX PERFORMANCE 1,900 1,850 1,800 1,750 1,700 1,650 1,600 1,550 1,500 06-02-2020 27-02-2020 13-05-2020 07-06-2020 28-06-2020 Best Performing Companies AMWAJ PROPERTIES 19-07-2020 12-08-2020 Worst Performing Companies % Change 6.67% % Change COMPREHENSIVE LAND DEVELOPMENT AND -3.39% INVESTMENT SPECIALIZED JORDANIAN INVESTMENT 5.00% UNITED FINANCIAL INVESTMENTS SURA DEVELOPMENT & INVESTMENT PLC 4.76% DEERA INVESTMENT & REAL ESTATE DEVELOPMENT -3.80% CO ARABIAN STEEL PIPES MANUFACTURING 4.69% UNION LAND DEVELOPMENT CORPORATION-4.38% ARAB PHOENIX HOLDINGS 4.35% METHAQ REAL ESTATE INVESTMENT Top Traded Companies by Volume (Shares) -3.57% -4.91% Top Traded Companies by Value (JOD) THE ISLAMIC INSURANCE 572,524 THE ISLAMIC INSURANCE 604,969 UNION INVESTMENT CORPORATION 470,310 UNION INVESTMENT CORPORATION 503,594 RUM GROUP FOR TRANSPORTATION & TOURISM 388,189 INVESTMENT SPECIALIZED INVESTMENT COMPOUNDS 403,686 AMWAJ PROPERTIES 374,208 ARAB BANK 384,132 AL-AMAL FINANCIAL INVESTMENTS CO. 361,688 METHAQ REAL ESTATE INVESTMENT 267,656
2. Macroeconomic & Corporate News Kingdom's GDP to fall by JD850m in August — IATA The International Air Transport Association (IATA) estimates that the Kingdom's gross domestic product (GDP) supported by the aviation sector will fall by JD850 million during August, as the impact of the COVID-19 crisis on the industry is constantly increasing. The assessments made by IATA economic team showed that expectations at the local level for the major aviation markets in the region have deteriorated since last June, as nearly 39,600 aviation-related jobs are at risk in August, with the number of passengers dropped by 4 million compared with the same period of 2019. Muhammad Al Bakri, IATA’s Regional Vice President for Africa and the Middle East, in a statement carried by the Jordan News Agency, Petra, warned that the consequences of stopping air traffic for airlines are “severe”. Bakri also commended airlines’ contributions in supporting the region's economies along with providing thousands of jobs. Renewing calls for relief measures, he also highlighted the importance of “joint action and immediate coordination” to resume air traffic. IATA estimates air traffic to go down by 56 per cent compared with 2019, while it previously said it will fall by 51 per cent. GDP supported by aviation in the region could fall to reach $85 billion, while previous estimate was $66 billion, according to IATA's website. Air transport in Jordan contributes $2.2 billion to the country’s GDP and supports some 70,000 jobs. This includes spending by foreign tourists who travel to Jordan by air which supports $1.3 billion of GDP, according to the international association. In total, 5.7 per cent of the country's GDP is sustained by the input of the travel sector and foreign tourists arriving by air, according to IATA. Jordan, Saudi Arabia ink deal to connect power grids Jordan and Saudi Arabia on Sunday signed a memorandum of understanding (MoU) to lay out the frame work of joint cooperation to connect the electric power grids of the two countries. Energy Minister Hala Zawati and Saudi Energy Minister Prince Abdulaziz Bin Salman signed the agreement, according to a ministry statement. Zawati, in statement followed the signing ceremony, highlighted the importance of the agreement, which is in accordance with the 2020-2030 comprehensive strategy for the energy sector. “The agreement would make Jordan a regional hub for energy exchange, especially that the Jordanian-Saudi power grid connection would be the starting point of the comprehensive Arab electricity interconnectivity,” read the statement. Current epidemiological situation demands ‘utmost vigilance’ — PM The Kingdom’s current epidemiological situation requires “utmost vigilance”, Prime Minister and Minister of Defence Omar Razzaz said on Sunday. In his weekly address to the nation, the premier said that schools will reopen on September 1, “what will change is the occupational safety and health measures”, Razzaz said. The premier noted that the Education Ministry has developed a safety manual for students and teachers. The government is “determined” to tighten controls at all border crossings to protect staff members and curb the spread of COVID-19, he said. * 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.