Amman Stock Exchange Daily Report - 18 October

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1. Amman Stock Exchange 18-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,095.97 % Change Year-to-Date (YTD) -0.15% -3.42% Daily Volume (shares) 3,254,584 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 2,020 Best/Worst Performing Companies Best Performers NATL PORTFOLIO SECURITIES REAL ESTATE DEVELOPMENT NATIONAL CABLE & WIRE MANUF ARAB EAST FOR REAL ESTATE IN HIGH PERFORMANCE REAL ESTAT % Change 4.11 3.85 3.23 2.76 2.56 Top Traded Companies by Value AL EQBAL CO FOR INVESTMENT P ARAB BANK PLC JORDAN PETROLEUM REFINERY CO UNION INVESTMENT CORP JORDANIAN ELECTRIC POWER * Source: Bloomberg Worst Performers JORDAN DECAPOLIS PROPERTIES SPECIALIZED INVESTMENT COMPO ARAB ALUMINIUM INDUSTRY JORDAN WORSTED MILLS/THE UNION TOBACCO & CIGARETTE % Change (4.08) (4.26) (4.37) (4.46) (4.88) Top Traded Companies by Volume Value traded (JOD) 7,406,701 501,484 353,686 230,841 226,146 155,314 AL EQBAL CO FOR INVESTMENT P UNION INVESTMENT CORP SALAM INTL TRANSPORT & TRAD RUM TOURIST TRANSPORTATION C JORDAN PETROLEUM JORDANIAN ELECTRIC REFINERY POWER CO ARAB EAST INVESTMENT Volume traded (Shares) 284,873 200,998 154,469 142,787 130,528
2. Macroeconomic & Corporate News ‘Jordan suffered from trade deficit with EU countries in 2015’ Jordan’s exports to the EU totalled JD120 million in 2015, which amounts to only 2.5 per cent of the total exports while Jordanian imports from the EU reached JD3.1 million, indicating a large trade deficit between Jordan and the EU countries, according to a recent report by the Jordan Strategy Forum (JSF). The report, which detailed exports, imports and re-exports between Jordan and each country within the EU, looked at 20 industrial sectors with the aim of helping and supporting companies and industries willing to reach out to the EU market. Italy topped the list of European countries importing from Jordan (JD33.7 million), followed by the Netherlands (JD21.4 million), United Kingdom (JD17.7 million), Bulgaria (JD11.7 million), Spain (JD11.1 million) and Germany (JD6.9 million). Latvia, Finland, the Czech Republic, Estonia were among the least EU-importing countries from Jordan with imports amounting to JD17,000, JD29,000, JD70,000 and JD80,000 respectively. The JSF described these countries as markets with “good opportunities”, especially after the “Relaxing Rules of Origin” agreement that took effect in July 2016, according to the report. The chemical products sector was the largest in terms of export value (JD36 million or 30 per cent of the total exports to the EU), followed by textiles (JD27 million or 22 per cent of the total exports), precious metals (JD18.5 million), vegetable products (JD14 million). The least exported sectors to the EU countries were arts and antiques (JD10,000) and paper goods (JD27,000). Joblessness keeps upward trend in Q2 The unemployment rate in the second quarter of 2017 stood at 18 per cent, marking a 2.7 per cent increase when compared to the same period of last year, the Department of Statistics [DoS] announced on Wednesday. The DoS noted that the rate witnessed a 0.2 per cent drop when compared to the first quarter of 2017, a DoS statement said. Results of a DoS survey that covered a sample of 16,000 households nationwide, representing urban and rural areas, showed that joblessness stood at 13.4 per cent among males and 33.9 per cent among females in the April-June period of 2017. On a gender basis, unemployment among males dropped by 0.5 per cent and went up by 0.9 per cent among females during the second quarter of 2017, when compared to the rates of the first quarter of the same year. Jordan aims to expand partnership with Australia His Majesty King Abdullah on Wednesday held talks with the Australian Governor General Peter Cosgrove and an accompanying delegation, during which he stressed the Kingdom’s keenness to expand its economic, security and defence partnership with Australia. The two leaders held a one-on-one meeting, followed by expanded talks attended by Her Majesty Queen Rania and HRH Crown Prince Hussein. Thanking Governor General Cosgrove for the hospitality shown during the state visit to Australia last year, His Majesty said the two countries have always had a warm relationship and strong political, military and security ties. The King also expressed commitment to working towards strengthening economic ties with Australia. * 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.