Amman Stock Exchange Daily Report - 27 September

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1. Amman Stock Exchange 27-Sep-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 1,979.14 -0.02% Year-to-Date (YTD) -6.94% Daily Volume (shares) 3,303,523 Daily Turnover (JOD) 3,921,480 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 1,900 1,850 1,800 Best Performing Companies JORDAN MASAKEN FOR LAND & IN TUHAMA FOR FINANCIAL INVESTM ARAB EAST INVESTMENT AL-AMIN FOR INVESTMENT UNION LAND DEVELOPMENT CORP Worst Performing Companies % Change 2.80 2.50 1.85 1.69 1.29 Top Traded Companies by Volume (Shares) ARAB EAST INVESTMENT METHAQ REAL ESTATE INVESTMEN SPECIALIZED INVESTMENT COMPO UNION LAND DEVELOPMENT CORP UNION TOBACCO & CIGARETTE * Source: Bloomberg LAFARGE JORDAN CEMENT ARAB INTERNATIONAL HOTELS ARAB INTERNATIONAL HOTELS REAL ESTATE DEVELOPMENT ASSAS FOR PRODUCTS CO.LTD % Change (3.33) (3.88) (3.88) (4.26) (5.56) Top Traded Companies by Value (JOD) 444,872 431,151 249,199 214,633 200,273 METHAQ REAL ESTATE INVESTMEN UNION TOBACCO & CIGARETTE UNION LAND DEVELOPMENT CORP SPECIALIZED INVESTMENT COMPO JORDAN PETROLEUM REFINERY CO 914,360 438,967 335,025 253,890 240,504
2. Macroeconomic & Corporate News Gov’t public approval rate dips after 100 days in office A pilot study on the performance of Prime Minister Omar Razzaz’s government after 100 days of its formation showed that the optimism accompanied Razzaz’s designation has started to decline.The study, conducted by NAMA Strategic Intelligence Solution, found that the percentage of those who believed that Razzaz’s government will be better than prime minister Hani Mulki’s went down from 81 per cent upon its inception in June to 54 per cent in September, according to a centre statement. According to the study, conducted between September 17 and 24 involving a sample of 1,247 people representing all regions of the Kingdom, the percentage of those who think that Razzaz’s government would not be different from Mulki’s increased from 11 to 34 per cent. Amman Chamber of Industry hopes to increase trade with Slovakia Bilateral business meetings between a Slovakian economic delegation and Jordanian industrialists have been organised by the Amman Chamber of Industry (ACI) to enhance economic relations between the two countries the Jordan News Agency, Petra, reported.Senator Ziad Homsi, head of ACI said he hoped the meeting would establish joint entrepreneurship and contribute in enhancing trade between Jordan and Slovakia. “Jordanian exports to Slovakia do not exceed $1.5 million a year where 90 per cent of them are medicines; however, the imports from Slovakia to Jordan are estimated at $20 million,” he said.Khaldoun Abu Hassan, the Slovakian honorary consul to Jordan, called for organising a Jordanian trade delegation to visit Slovakia and conduct extensive meetings with the industrial sector there to strengthen economic relations between the two countries. Lower House refers income tax law amendments to economic committee The Lower House on Wednesday referred the 2018 amendments of the Income Tax Law to its Economy and Investment Committee, the Jordan News Agency, Petra, reported.A total of 98 MPs spoke on the bill during the first reading of the draft law, before the majority of them decided to refer it to the House’s Economy and Investment Committee, while 28 MPs voted for returning the bill.Deputies also insisted on their decision regarding the 2018 civil retirement draft law, under which ministers’ entitlement to a lifetime pension is linked to at least 10 years of public service, opposing the senators who agreed with the government’s version that stipulates a seven-year public service for ministers to receive lifetime pensions. * 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.