Amman Stock Exchange Daily Report - 25 July

Transcription

1. Amman Stock Exchange 25-Jul-17 Close AMMAN SE GENERAL INDEX 2 ,160.01 % Change Year-to-Date (YTD) -0.02% -0.47% Daily Volume (shares) 3,872,437 6 MONTHS INDEX PERFORMANCE 2,280 2,260 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 Best/Worst Performing Companies Best Performers SALAM INTL TRANSPORT & TRAD AMAD INVESTMENT & REAL ESTAT RUM TOURIST TRANSPORTATION C JORDANIAN EXPATRIATES INV HL INDUSTRIAL COMMERCIAL & AGRI % Change 5.00 4.35 4.00 3.92 3.26 Top Traded Companies by Value RUM TOURIST TRANSPORTATION C AL EQBAL CO FOR INVESTMENT P UNION INVESTMENT CORP SPECIALIZED INVESTMENT COMPO JORDAN STEEL * Source: Bloomberg Worst Performers JORDAN DECAPOLIS PROPERTIES AL SANABEL INTERNATIONAL CO BINDAR TRADING & INVESTMENT UNITED IRON & STEEL MANUFACT AL-TAJAMOUAT FOR CATERING HS % Change (3.33) (3.57) (3.61) (4.49) (4.65) Top Traded Companies by Volume Value traded (JOD) 1,170,169.00 503,097.30 432,417.10 286,287.00 263,157.60 Volume traded (Shares) RUM TOURIST TRANSPORTATION C 1,147,240 JORDAN STEEL 435,471 UNION INVESTMENT CORP 312,908 SPECIALIZED INVESTMENT COMPO 267,550 SALAM INTL TRANSPORT & TRAD 249,911
2. Macroeconomic & Corporate News ‘Expatriate workers in Jordan transfer more than $1.8b annually’ Minister of Labour Ali Ghezawi said that expatriate workers in Jordan annually transfer more than $1.8 billion, and estimated their numbers to be between 800,000 to 1 million, the Jordan News Agency, Petra, reported on Tuesday. Speaking at the opening of a labour directorate in the building of the Association for Investors in the Housing Sector (AIHS) and the signing of a memorandum of understanding between the Association and the National Company for Employment and Training (NCET), he added that the housing sector has an important role in supporting and operating many other sectors. The memorandum was signed by Mohamed Al Saoub, director of Technical Affairs and Operations of the NCET, and Zuhair Al Amri, chairman of the AIHS. Agreement signed with Saudi fund for Desert Highway projects Prime Minister Hani Mulki on Tuesday attended a ceremony to sign agreements to implement projects on the Desert Highway, the Jordan News Agency, Petra, reported. The projects, funded by the Saudi Fund for Development, will be implemented by three consortiums from Jordan and Saudi Arabia, at a cost of $224 million. During the ceremony, Mulki expressed appreciation to the Kingdom of Saudi Arabia for supporting Jordan through its grant to fund infrastructure projects, including the highway, Petra reported. The agreement was signed by Public Works Minister Samai Halaseh and representatives of the consortium, in the presence of a delegation from the Saudi fund. The project will be implemented over 20 months for the whole road, with work carried out in five to six kilometre sections to avoid disruptrion, according to Petra. The northern part of road is used by 30,000 vehicles per day, while the southern section is used by 10,000 vehicles per day, the news agency said. Insurance surplus from last year amounts to JD556m — SSC The Social Security Corporation (SSC) on Tuesday said that the insurance surplus from last year amounted to JD556 million, while the corporation expects the insurance surplus from the current year to reach JD610 million, the Jordan News Agency, Petra, reported. SSC Spokesperson Musa Subaihi said that the corporation has developed a “strategic plan” for the years 2017-2019 to enhance the “sustainability” of its insurance system, and the “comprehensiveness” of its insurance coverage. The plan also examines the implementation of health insurance, which aims to include subscribers and retirees with their uninsured families, he added. Subaihi noted that the corporation has 1,239,000 active subscribers, making up 73 per cent of the total number of workers. * 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.