Amman Stock Exchange Daily Report - 1 August

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1. Amman Stock Exchange 1-Aug-17 Close AMMAN SE GENERAL INDEX 2 ,145.19 % Change Year-to-Date (YTD) 0.25% -1.16% Daily Volume (shares) 5,593,147 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 HAYAT PHARMACEUTICAL INDUSTR FUTURE ARAB INVESTMENT CO AL-TAJAMOUAT FOR CATERING HS ISRAA ISLAMIC FINANCIAL JORDAN PRESS FOUNDATI/AL-RAI % Change 6.00 5.00 4.76 4.00 3.85 Top Traded Companies by Value SPECIALIZED INVESTMENT COMPO JORDAN PETROLEUM REFINERY CO BARTER CO FOR INVESTMENT & T AL-ISRA FOR EDUCATION & INV ARAB BANK PLC * Source: Bloomberg Worst Performers HIGH PERFORMANCE REAL ESTAT JORDANIAN ELECTRIC POWER UNION LAND DEVELOPMENT CORP NATL PORTFOLIO SECURITIES ARABIAN STEEL PIPES % Change (2.56) (2.60) (3.94) (4.65) (4.80) Top Traded Companies by Volume Value traded (JOD) 592,607.40 523,179.80 479,920.00 456,000.00 424,867.10 Volume traded (Shares) BARTER CO FOR INVESTMENT & T 1,066,500 AL-TAJAMOUAT FOR CATERING HS 797,293 SPECIALIZED INVESTMENT COMPO 533,797 RUM TOURIST TRANSPORTATION C 338,690 JORDAN STEEL 334,571
2. Macroeconomic & Corporate News RJ drafts a 5-year strategy to enhance profitability Royal Jordanian Airlines (RJ) is currently drafting a five-year strategy designed to enhance revenues and sustain profitability, RJ President and CEO Stefan Pichler said on Tuesday. The “turnaround plan”, set up in partnership with Sabre Airline Solutions, is expected to be ready by the end of this month, he said, adding that the scheme will be discussed with RJ’s board and the government, RJ’s biggest stakeholder. Implementation of the plan will go into effect once the board endorses the plan. While the plan’s features have not been fully disclosed yet, it will address RJ’s operational network, including RJ’s destinations and the frequency of its flights, as well as an exploration of new “promising” routes. It will also seek to minimise the number of aircraft suppliers to two, a move that will save spare parts and training costs, Pichler explained. The plan will be based on three strategic objectives: becoming the leading network carrier in the Levant, the consumers’ preferred airline and a principle employer of choice to local professionals, he said. The financial component of the strategy seeks to re-inject capital after accumulative losses over the past years. Jordan takes part in ‘Future Energy’ themed Astana EXPO 2017 Jordan is participating in EXPO 2017 which started in the Kazakh capital Astana on June 10, with the participation of some 115 countries, the Jordan News Agency, Petra, reported. The Astana EXPO 2017, which will run through September 10, focuses on” innovative and practical” energy solutions for the future. Jordan’s ambassador to the Republic of Kazakhstan, Ahmed Annab, who headed the Jordanian delegation, said that Jordan has emerged as a “relatively stable energy investment market”, which seeks to diversify energy resources to meet growing demand, by producing 20 per cent of its own energy needs by 2020, Petra reported. Annab said that the Kingdom’s energy policy focuses on reducing oil imports, increasing and conserving natural gas inputs and introducing alternative energy, including renewable energy sources, oil and shale oil. Budget deficit drops by JD111m in first half Jordan's total public debt has dropped by 0.7 per cent during the first half of 2017, the Jordan News Agency, Petra, reported on Tuesday. According to the Finance Ministry, the debt reached JD26.472 billion, accounting for 94.4 per cent of the GDP compared to 95.1 per cent at the end of 2016. For the net public debt, it increased by JD941.8 million at the end of June, compared to the end of last year, as a result of financing the deficit of the general budget and the governmentguaranteed loans of the National Electricity Company and the Water Authority. Also on Tuesday, the ministry said that the general budget's deficit, before grants, dropped down to JD111 million in the first six months of 2017. The deficit amounted to JD420.7 million in the first half, compared with JD531.8 million for the same period of 2016, according to the ministry's monthly newsletter. * 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.