Amman Stock Exchange Daily Report - 18 April

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1. Amman Stock Exchange 18-Apr-17 Close AMMAN SE GENERAL INDEX 2 ,215.16 % Change Year-to-Date (YTD) -0.24% 2.07% Daily Volume (shares) 7,194,077 6 MONTHS INDEX PERFORMANCE 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 Best/Worst Performing Companies Best Performers ZARKA EDUCATION & INVESTMENT JORDAN DECAPOLIS PROPERTIES UNION TOBACCO & CIGARETTE UNION INVESTMENT CORP SALAM INTL TRANSPORT & TRAD % Change 7.11 5.00 4.83 4.79 4.76 Top Traded Companies by Value UNION INVESTMENT CORP JORDAN PHOSPHATE MINES UNION LAND DEVELOPMENT CORP JORDAN PETROLEUM REFINERY CO AL AMAL FINANCIAL INVESTMENT * Source: Bloomberg Worst Performers AL-DAWLIYA HOTELS & MALLS JORDAN MASAKEN FOR LAND & IN AMMOUN INTERNATIONAL FOR INV AL SANABEL INTERNATIONAL CO BANK OF JORDAN % Change (3.41) (3.42) (3.49) (4.31) (7.19) Top Traded Companies by Volume Value traded (JOD) 3,278,273.00 1,352,213.00 599,838.80 576,912.40 516,217.50 Volume traded (Shares) UNION INVESTMENT CORP 1,913,795 JORDAN STEEL 758,066 AL AMAL FINANCIAL INVESTMENT 737,450 JORDAN PHOSPHATE MINES 471,622 BARTER CO FOR INVESTMENT & T 383,939
2. Macroeconomic & Corporate News Jordan sets aside funds to pay contractors The government is committed to paying its dues to contractors and suppliers and will not accumulate more liabilities this year to ensure an uninterrupted flow of supplies that are necessary for economic growth, the Jordan News Agency, Petra, reported on Sunday. In addition to paying off all invoices cumulating in the past years, the government works on securing funds to pay back the public debt and lower its ratio to the GDP, according to officials from the Finance Ministry, as quoted by Petra. The total value of over dues for health, oil, water and electricity reached JD620million in 2016, and a plan was drawn up to pay them in 2017 and 2018. Africa, US, EU among target markets for expanding Jordanian exports The government's efforts focus on expanding exports to non-traditional markets on the US, the EU and Africa, as well as overcoming challenges to the flow of products, mainly to Africa, Industry and Trade Minister Yarub Qudah said on Tuesday. During a panel discussion at the Jordanian Businessmen Association, Qudah announced the upcoming visit of a delegation headed by the Kenyan trade minister to discuss signing a free trade agreement between Jordan and Kenya, the Jordan News Agency, Petra, reported on Wednesday. The minister highlighted Jordan's challenging economic conditions due to the regional situation, noting that exports declined, especially towards the Iraqi market, from JD900 million in 2014 to around JD320 million in 2016. Jordan to host 2018 Arab financial institutions' annual meeting Minister of Planning and International Cooperation Imad Fakhoury headed the Jordanian delegation to the 46th meeting of the Board of Governors of the Arab Fund for Economic and Social Development (AFESD) in Rabat, Morocco, which comes as part of the Joint Annual Meeting of the Arab Financial Institutions, a Planning Ministry statement said on Tuesday. Fakhoury, who is also Jordan's governor at AFESD, said the meeting approved the administrative and financial reports for 2016. The minister highlighted the importance of participating in the meeting, as the fund played an "outstanding" role in supporting development in Jordan. * 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.