Amman Stock Exchange Daily Report - 17 January

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1. Amman Stock Exchange 17-Jan-18 AMMAN SE GENERAL INDEX 2 ,200 Close % Change 2,144.79 0.10% Year-to-Date (YTD) 0.85% Daily Volume (shares) 4,879,338 Daily Turnover (JOD) 3,958,470 6 MONTHS INDEX PERFORMANCE 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies ARAB INTERNATIONAL HOTELS BARTER CO FOR INVESTMENT & T PROFESSIONAL FOR REAL ESTAT AL AMAL FINANCIAL INVESTMENT UNION INVESTMENT CORP Worst Performing Companies % Change 2.70 2.63 2.56 1.92 1.67 Top Traded Companies by Value (JOD) RUM TOURIST TRANSPORTATION C UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO SPECIALIZED INVESTMENT COMPO BANK OF JORDAN * Source: Bloomberg OFFTEC HOLDING GROUP PLC JORDAN PRESS FOUNDATI/AL-RAI COMPREHENSIVE LAND DEVELOPME JORDAN MASAKEN FOR LAND & IN JORDAN NATL SHIPPING LINES % Change (2.17) (2.17) (2.30) (4.96) (5.50) Top Traded Companies by Volume (Shares) 542,086 495,619 337,244 296,080 231,734 RUM TOURIST TRANSPORTATION C UNION INVESTMENT CORP SPECIALIZED INVESTMENT COMPO ARAB EAST INVESTMENT JORDAN PETROLEUM REFINERY CO 678,350 412,640 374,651 216,300 124,030
2. Macroeconomic & Corporate News Budget law, economic measures go into effect A new issue of the Official Gazette was released on Tuesday including the 2018 state budget and budgets of independent government units laws, which, subsequently, went into effect.The new issue also included the amending by-law of the special tax, which amended tax rates on imported commodities, an amending by-law for pensions of members of the Jordan Engineers Association, and amendments to the by-law of buildings and urban and rural zoning, among other pieces of legislation, the Jordan News Agency, Petra, reported.The Income and Sales Tax Department earlier on Tuesday said that amended prices go into effect one day after publishing them in the Official Gazette, which is regularly issued on the first and 16th of each month. Consumers likely to trim consumption following tax hikes Jordanian households will need to spend 10-15 per cent extra to maintain the level of their living standards prior to the recent government decision to increase taxes and are expected to resort to rationing consumption, economists said Tuesday.More spending on foodstuff at the expense of other commodities is also expected with rationing consumption, the economists interviewed by The Jordan Times on Tuesday expected.“Jordanians will have to spend a minimum of 10 per cent to 15 per cent of their income to maintain the level of living standards they had prior to the increases in taxes and ending bread subsidy,” Maher Mahrouq, an economist, told The Jordan Times on Tuesday. 30 Jordanian companies to take part in Kuwait International Fair Some 30 Jordanian industrial and trade companies are scheduled to take part in the second Kuwait International Fair between February 6 and 10, a sector leader said.In its second iteration, the event is expected to witness the participation of "hundreds" international companies, businesspeople, and investors, according to the fair's official website.It will be opened by Kuwait Emir Sheikh Sabah Al Ahmad Al Sabah, organisers said. The participation is organised by International Promoters Company (IPCO) with the support of the Jordan Investment Commission and Amman Chamber of Industry, IPCO General Manager Raed Abu Saadeh told The Jordan Times on Tuesday. * 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.