Amman Stock Exchange Daily Report - 26 February

Transcription

1. Amman Stock Exchange 26-Feb-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,240.15 -0.90% Year-to-Date (YTD) 5.33% Daily Volume (shares) 3,543,262 Daily Turnover (JOD) 4,548,733 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies REAL ESTATE DEVELOPMENT NATIONAL CHLORINE INDUSTRIAL COMMERCIAL & AGRI RUM TOURIST TRANSPORTATION C AL AMAL FINANCIAL INVESTMENT Worst Performing Companies % Change 4.26 3.17 3.16 2.90 2.00 Top Traded Companies by Volume (Shares) TUHAMA FOR FINANCIAL INVESTM UNITED CABLE INDUSTRIES CO RUM TOURIST TRANSPORTATION C JORDAN PHOSPHATE MINES JORDANIAN ELECTRIC POWER * Source: Bloomberg 109,971 102,994 98,985 86,508 79,766 AKARY FOR INDUSTRIES AND REA JORDAN COMMERCIAL BANK AL EQBAL CO FOR INVESTMENT P CONTEMPORARY FOR HOUSING PRO SOUTH ELECTRONICS - % Change (4.76) (5.26) (5.56) (6.59) (6.67) Top Traded Companies by Value (JOD) ARAB BANK PLC UNION LAND DEVELOPMENT CORP JORDAN AHLI BANK JORDAN PHOSPHATE MINES SPECIALIZED INVESTMENT COMPO 538,827 535,731 376,317 262,102 261,851
2. Macroeconomic & Corporate News JIC says 246 projects benefitting from its tax and customs exemptions Jordan Investment Commission (JIC) has announced that 246 projects with a value of JD185 million are benefitting from its tax and customs exemptions, the Jordan News Agency, Petra, reported on Saturday. In a seminar held by JIC on Saturday, investors were introduced to the services and advantages that the commission provides for business start-ups in the information technology sector. The projects will offer 5,500 new job opportunities, according to Petra. State Minister for Investment Affairs Mohannad Shehadeh described the technology sector as “key engine of economic growth in the Kingdom”, adding that the commission has accredited a number of policies and programms that aim to attract and localise more technological investments by exempting the items used in these projects from taxes. Trade, business stakeholders sign MoU with Chinese group to bolster economic ties The Jordan Chamber of Industry (ACI) and the Arab Businessmen Forum in China on Sunday signed a Memorandum of Understanding (MoU) to boost the economic ties between the two countries, the Jordan News Agency, Petra, reported. The memo, signed by ACI Chairman Ziyad Homsi and the forum representative Arafat Harahsheh, seeks to strengthen economic, industrial and commercial relations, and promote investment among businessmen of the two countries. The memorandum also includes promoting exchange visits between economic delegations of the two countries and sharing the forum’s agenda of international and Chinese conferences to enhance Jordanian contributions to these events. Stakeholders upbeat over forming national panel for medical tourism Forming a national committee to draft a strategy for health tourism will contribute to improve the situation of the sector and address the challenges it faces, stakeholders said. On Saturday, Health Minister Mahmoud Sheyyab decided to form the committee that comprises representatives of all relevant bodies to create a strategy for the sector, the Jordan News Agency, Petra, reported. The Private Hospitals Associations (PHA) President Fawzi Hammouri said that the association has been “the only body” handling all processes related to the sector including promotion and organisation with no support from other parties. “We have called for a national collective effort to enhance Jordan’s competitiveness, promotion and marketing”, Hammouri told The Jordan Times on Saturday. The government, represented by the Health Ministry, has responded to the demand and formed the panel, he added, expressing satisfaction with its line-up as it “represents all stakeholders”. * 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.