Amman Stock Exchange Daily Report - 19 April

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1. Amman Stock Exchange 19-Apr-17 Close AMMAN SE GENERAL INDEX 2 ,218.61 % Change Year-to-Date (YTD) 0.16% 2.23% Daily Volume (shares) 6,352,670 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 ARAB ALUMINIUM INDUSTRY UNION TOBACCO & CIGARETTE AMMOUN INTERNATIONAL FOR INV JORDAN DECAPOLIS PROPERTIES ARAB EAST INVESTMENT % Change 5.35 4.82 4.82 4.76 4.62 Top Traded Companies by Value JORDAN PHOSPHATE MINES UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO UNION LAND DEVELOPMENT CORP JORDAN STEEL ARAB EAST INVESTMENT * Source: Bloomberg Worst Performers JORDAN PHOSPHATE MINES BARTER CO FOR INVESTMENT & T UNION LAND DEVELOPMENT CORP ARAB POTASH/THE ARAB EAST FOR REAL ESTATE IN % Change (3.10) (3.23) (3.25) (3.81) (4.82) Top Traded Companies by Volume Value traded (JOD) 1,902,706.00 1,241,919.00 678,639.50 532,500.50 497,854.00 Volume traded (Shares) JORDAN STEEL 925,694 ARAB EAST INVESTMENT 724,902 UNION INVESTMENT CORP 704,409 JORDAN PHOSPHATE MINES 649,644 NATIONAL CABLE & WIRE MANUF 604,327
2. Macroeconomic & Corporate News JD1.6b transferred to Jordan from GCC JD3.5b grant The total amount of funds transferred from the Gulf countries' grant to Jordan has reached JD1.661 billion, according to a statement from the Ministry of Planning and International Cooperation on Wednesday. Jordan has received JD524.94 million from Saudi Arabia, JD721.04 million from Kuwait and JD415.61 million from the UAE. According to the statement, the total sum of the funds spent in 2016 was JD327.17 million, while the value of approved projects reached JD2.469 billion. The GCC Higher Council, in its 32nd session in 2011, approved allocating $5 billion in grant to support development projects in Jordan over five years provided by Saudi Arabia, the UAE, Kuwait, and Qatar on a share basis of $1.25 billion for each country. ‘GAM plans to transform challenges into investment opportunities’ The absence of a proper public transport system and sound management of waste are two of the major problems Greater Amman Municipality's (GAM) can turn into investment opportunities for the private sector, a senior municipal official said on Wednesday. Every service that Amman needs is a "window of investment opportunity" for the private sector, President of GAM Committee Yousef Shawarbeh said, calling on the private sector to explore investment potentials in waste management, transport, public parking, entertainment parks and an exhibition city. During a meeting organised by EDAMA, a business association working on solutions for energy independence and environmental conservation, Shawarbeh highlighted that while the increasing population of Amman, which currently stands at 4.2 million people, is putting pressure on its resources and infrastructure and hindering the implementation of development plans, an efficient partnership with the private sector would improve the quality of services delivered in the municipality. Jordan, Kenya explore joint trade opportunities A joint Jordanian-Kenyan ministerial committee held a preparatory meeting on Tuesday to explore ways to cement trade ties between the two countries. According to the Petra News Agency, the three-day meeting will try to come up with means to boost trade exchange between Jordan and the East African nation and discuss challenges hindering trade progress. Officials will also look into investment opportunities and the potentials available in the two countries to launch business. The panel also discussed cooperation in information technology and communication among other sectors. * 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.