Amman Stock Exchange Daily Report - 26 February

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1. Amman Stock Exchange 26-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,197.72 % Change Year-to-Date (YTD) -0.02% 1.26% Daily Volume (shares) 4,953,669 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers UNION TOBACCO & CIGARETTE JORDAN AHLI BANK CONTEMPORARY FOR HOUSING PRO UNION LAND DEVELOPMENT CORP AL-TAJAMOUAT FOR CATERING HS % Change 7.14 6.31 4.81 4.72 4.65 Top Traded Companies by Value UNION LAND DEVELOPMENT CORP UNION INVESTMENT CORP JORDAN AHLI BANK UNION TOBACCO & CIGARETTE CONTEMPORARY FOR HOUSING PRO * Source: Bloomberg Worst Performers EL-ZAY READY WEAR MANUF CO JORDAN NATL SHIPPING LINES HIGH PERFORMANCE REAL ESTAT SPECIALIZED INVESTMENT COMPO JORDAN MASAKEN FOR LAND & IN % Change (1.96) (2.25) (2.38) (2.54) (4.92) Top Traded Companies by Volume Value traded (JOD) 827,415.00 825,039.10 430,895.60 372,989.20 326,008.50 UNION INVESTMENT CORP AL-RAKAEZ INVESTMENT CO BARTER CO FOR INVESTMENT & T JORDAN AHLI BANK JORDAN STEEL Volume traded (Shares) 654,784 633,247 415,956 367,771 347,780
2. Macroeconomic & Corporate News Canada committed to providing JD118m in aid to Jordan over 3 years Jordanian and Canadian ministers met in Amman on Sunday to discuss development priorities and the expansion of economic cooperation. Minister of Planning and International Cooperation Imad Fakhoury received Canada’s Minister for International Cooperation and la Francophonie Marie-Claude Bibeau during her visit to the Kingdom. Fakhoury expressed his appreciation of the Canadian government for a recent 10 million Canadian dollar (JD 5.4 million) grant focusing on the education sector, as one example of international assistance to the Kingdom as it deals with the strain of hosting a large refugee population, according to a statement released by the ministry. The minister said Jordan has now reached the maximum limit for absorbing Syrian refugees, and urged the international community to maintain its support so that the Kingdom can continue providing services to refugees and host communities. Jordan is currently home to over 1.3 million Syrians, according to the latest population census. A total of 656,170 Syrians are registered with the UNHCR as refugees in the Kingdom. Bibeau spoke of the strong links between Jordan and Canada, and her country’s desire to expand cooperation with Jordan, which she said is an example to the Middle East and the wider world due to its efforts to maintain stability and increase development. No changes to monetary policy — PM Prime Minister Hani Mulki on Saturday said that the Jordanian dinar is stable and safe and there is no need for changes to the monetary policies, the Jordan News Agency, Petra, reported. Mulki stressed that the Central Bank of Jordan's (CBJ) reserves of foreign currency are increasing and have reached a safe level of $12 billion. The remarks came in a speech by Mulki at King Hussein Club, during which he outlined domestic and foreign policies in addition to economic and administrative reform. He said that the dinar has been pegged with the US dollar since 1995 with a set exchange rate, refuting rumours about possible devaluation of the national currency. The premier called on people to shy away from such rumours, which are "invested" by persons who benefit from currency exchange fluctuations. Last month, in an interview with Jordan Television’s “60 Minutes”, Mulki stressed that the CBJ's reserves are enough to cover the Kingdom’s imports for seven months. * 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.