Amman Stock Exchange Daily Report - 31 January

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1. Amman Stock Exchange 31-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,161.47 % Change Year-to-Date (YTD) -0.13% -0.41% Daily Volume (shares) 2,460,228 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers JORDAN PRESS FOUNDATI/AL-RAI ARABIAN AVIATION INVESTMENT INTL CO FOR MEDICAL INVEST AL SANABEL INTERNATIONAL CO JORDAN INTL INSURANCE % Change 4.62 4.46 3.90 3.53 2.94 Top Traded Companies by Value ARAB BANK PLC ARABIAN AVIATION INVESTMENT JORDAN PETROLEUM REFINERY CO AD-DULAYL INDUSTRIAL PARK CO AL AMAL FINANCIAL INVESTMENT * Source: Bloomberg Worst Performers FUTURE ARAB INVESTMENT CO EMMAR INVESTMENTS & REAL EST UNITED FINANCIAL INVESTMENTS JORDAN EMIRATES DIMENSIONS SPECIALIZED INVESTMENT COMPO % Change (2.70) (3.57) (3.74) (4.55) (4.84) Top Traded Companies by Volume Value traded (JOD) 439,903.50 414,975.50 199,299.00 184,371.10 151,843.00 Volume traded (Shares) AD-DULAYL INDUSTRIAL PARK CO 410,710 AL AMAL FINANCIAL INVESTMENT 194,850 PROFESSIONAL FOR REAL ESTAT 167,172 BARTER CO FOR INVESTMENT & T 138,120 ARABIAN AVIATION INVESTMENT 120,130
2. Macroeconomic & Corporate News Gov’t hikes fuel prices by 3-8% The government on Tuesday decided to raise the prices of gasoline, kerosene and diesel by 3 to 8 per cent, and maintain the price of gas cylinders unchanged for February. The government’s decision, which goes into effect today, was taken in accordance with the recommendations of the fuel pricing committee, which convened on Tuesday, the Jordan News Agency, Petra, reported. Under the decision, kerosene and diesel will be sold at JD0.480 per litre, up from JD0.465, marking a 3.22 per cent increase. More than 70 per cent of the commodities will not witness any tax increase, said the finance minister. Gov’t to generate revenues through tax hike on non-essentials The government will take several belt-tightening measures and increase sales tax on several commodities to generate JD450 million in revenues this year to help offset the budget deficit, Minister of Finance Omar Malhas said Monday. As part of economic reforms under the International Monetary Fund's (IMF) Extended Fund Facility, the government will take a series of measures that “will not affect the limited- and middle-income brackets of society”, said the minister at a meeting with editors-in-chief and heads of economic departments at media outlets. Impressive results for Jordan Dubai Islamic Bank (JDIB) JDIB reported a surge in profits at the end of 2016, resulting in an increase of 74% in net income to reach a total of JOD 5.70 million compared to the same period last year in which net income has amounted to JOD 3.28 million. On the other hand, deferred sale revenue edged up 17.4% to be spotted at JOD 25.16 million at the end of 2016, while revenues from joint investment accounts has increased 17.5% at the end of 2016 to reach JOD 44.73 million. * 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, 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.