Amman Stock Exchange Daily Report - 22 April

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1. Amman Stock Exchange 22-Apr-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,174.08 -0.54% Year-to-Date (YTD) 2.22% Daily Volume (shares) 3,699,563 Daily Turnover (JOD) 3,794,231 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies RUM TOURIST TRANSPORTATION C JORDAN TRADE FACILITIES SPECIALIZED INVESTMENT COMPO AL AMAL FINANCIAL INVESTMENT NUTRI DAR Worst Performing Companies % Change 4.62 4.31 4.08 3.85 3.45 Top Traded Companies by Volume (Shares) SPECIALIZED INVESTMENT COMPO RUM TOURIST TRANSPORTATION C CAPITAL BANK OF JORDAN AL-TAJAMOUAT FOR CATERING HS BARTER CO FOR INVESTMENT & T * Source: Bloomberg 729,762 387,211 220,835 198,445 197,950 BARTER CO FOR INVESTMENT & T UNION TOBACCO & CIGARETTE MASAFAT FOR SPECIALIZED TRAN HOUSING BANK FOR TRADE AND F READY MIX CONCRETE & CONSTR - % Change (5.00) (5.00) (5.66) (5.96) (6.86) Top Traded Companies by Value (JOD) SPECIALIZED INVESTMENT COMPO ARAB BANK PLC RUM TOURIST TRANSPORTATION C CAPITAL BANK OF JORDAN JORDAN PETROLEUM REFINERY CO 725,192 469,862 259,484 234,109 196,551
2. Macroeconomic & Corporate News Jordan’s financial inclusion rate rises Jordan advanced significantly in the Global Financial Inclusion (Global Findex) in 2017 compared to 2014. The World Bank's triennial index showed that Jordan advanced 42 per cent among adults (15 years old and older) in 2017 compared with 24.6 per cent in 2014. According to index, the number of mobile payment accounts increased to 1.1 per cent compared with 0.5 per cent, while the number of women who have bank accounts rose to 26 per cent. The indicator of financial inclusion for low income adults also increased to 32.9 per cent, which is in line with the Central Bank of Jordan's strategy that aims to empower this tranche economically and socially, according to the Jordan News Agency, Petra. For rural areas' residents, the inclusion went up to 46.1 per cent, significantly higher than the Middle East and North Africa's rate, which stood at 36.9 per cent. ‘IMF second review dependant on progress of fiscal measures’ Jordan has taken several financial measures that contributed to reducing the budget deficit despite difficult internal and external circumstances, the International Monetary Fund (IMF) Director of the Middle East and Central Asia Department Jihad Azour said on Friday. The progress and outcomes of these measures — supported by the IMF — are essential for the fund's second review of the Kingdom's economic indicators, the Jordan News Agency, Petra, quoted Azour as saying. The remarks came during a session on the Middle East and Central Asia as part of the spring meetings of the IMF held in Washington. Azour said that Jordan took the measures under critical circumstances which included a slowdown in the growth rate that reached 2 per cent, the closure of trade windows to Syria and Iraq, and the implications of hosting a large number of refugees. Oil price soars to highest level in years on Mideast woes Oil surged on Thursday close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stocks rose with drugmaker Shire boosted by a takeover move. World oil prices extended Wednesday's gains on the back of data showing a drop in US stockpiles — indicating improved demand — and expectations that a Russia-OPEC output cap deal will be kept in place. The market was also propelled after OPEC kingpin reportedly stated it wanted crude prices to top $80 per barrel as it prepares for a gigantic listing of part of its state oil company. Tensions in the oil-rich Middle East also kept prices elevated. "Saudi Arabia still calls the shots on global oil markets, and it is increasingly obvious the Saudis are comfortable with oil at $80 or more," said Interactive Investor analyst Lee Wild. * 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.