Amman Stock Exchange Daily Report - 24 December

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1. Amman Stock Exchange 24-Dec-20 AMMAN GENERAL INDEX Close % Change Year-to-Date (YTD) Daily Volume (shares) Daily Turnover (JOD) 1,632.13 0.64% -10.09% 7,877,243 8,224,708 Index Perfomance Graph 1,700 1,680 1,660 1,640 1,620 1,600 1,580 1,560 1,540 1,520 1,500 11-May-20 11-Jun-20 11-Jul-20 11-Aug-20 11-Sep-20 11-Oct-20 Best Performing Companies SOUTH ELECTRONICS 11-Nov-20 11-Dec-20 Worst Performing Companies % Change 6.25% JOR INV TRUST % Change -3.64% ARABIAN DEV CO 5.26% KAFA`A INVESTMENTS -3.85% JOR STEEL 5.26% AD-DULAYL PARK -3.85% INJAZ 5.00% NAT/CABL/WIRE/MF -4.55% UNION LAND DEV 4.92% IBN ALHAYTHAM H. -4.92% Top Traded Companies by Volume (Shares) JORDAN IND.RES. 1,916,996 Top Traded Companies by Value (JOD) ARAB BANK 1,604,589 1,101,169 RUM GROUP 790,811 UNION LAND DEV INJAZ 629,529 INJAZ 764,193 UNION LAND DEV 592,024 JORDAN IND.RES. 715,154 UNION INV 534,290 UNION INV 610,158
2. Macroeconomic & Corporate News IFC, Jordan partner to open new markets for food, pharmaceutical companies IFC, a member of the World Bank Group, partnered with Jordan’s Food and Drug Administration to help Jordanian farmers, food producers and pharmaceutical companies increase exports and expand into foreign markets. The partnership is designed to create jobs and support economic growth, according to a statement posted on the IFC website. IFC will advise Jordan’s FDA on improving its inspection regime, adopting international food safety standards, creating harmonised manufacturing standards for medicine and strengthening national guidelines governing the food and pharmaceutical industries. The reforms should make it easier for Jordanian companies to compete in new markets and help increase exports, which already account for about a third of the country’s gross domestic product. Jordan exports food to 70 nations and is home to a large pharmaceutical industry that specializes in generics. IFC is implementing this project in partnership with the European Union. Nizar Mhaidat, Director General of Jordan’s FDA, said in the statement: “To continue exporting their products and increase their sales, Jordanian producers must compete in more demanding markets, with stricter requirements for products safety and quality. The main goal of our partnership with IFC is to improve the access of Jordanian agriculture, food and pharmaceutical products to international markets and open new opportunities for our entrepreneurs.” Trade minister, Mexico ambassador discuss economic cooperation Minister of Industry, Trade and Supply Maha Al Ali and Mexican Ambassador to Jordan Roberto Hernandez on Wednesday discussed ways to enhance economic cooperation between the two countries. Hernandez expressed his country's interest to strengthen trade cooperation with Jordan, suggesting signing a tariff preferences agreement between the two countries to increase the trade volume, the Jordan News Agency, Petra, reported. Talks during the meeting also went over means to boost future cooperation prospects, with the two sides stressing the importance of facilitating procedures related to developing cooperation mechanisms and overcoming obstacles hindering trade exchange. * Source: 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.