Amman Stock Exchange Daily Report - 1 November

Transcription

1. Amman Stock Exchange 31-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,093.19 % Change Year-to-Date (YTD) 0.49% -3.55% Daily Volume (shares) 3,313,418 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 UNITED IRON & STEEL MANUFACT UNION TOBACCO & CIGARETTE JORDANIAN PHARMACEUTICAL MAN SALAM INTL TRANSPORT & TRAD ALIA THE ROYAL JORDANIAN AIR % Change 4.94 4.88 4.76 4.76 4.65 Top Traded Companies by Value JORDAN PHOSPHATE MINES UNION LAND DEVELOPMENT CORP UNION INVESTMENT CORP AL AMAL FINANCIAL INVESTMENT ARAB BANK PLC * Source: Bloomberg Worst Performers UNITED CABLE INDUSTRIES CO ZARA INVESTMENTS LAFARGE JORDAN CEMENT JORDAN INTL INSURANCE ARAB EAST FOR REAL ESTATE IN % Change (2.13) (2.22) (2.80) (3.39) (3.40) Top Traded Companies by Volume Value traded (JOD) 514,377 450,949 421,964 306,692 263,423 152,365 AL AMAL FINANCIAL INVESTMENT UNION INVESTMENT CORP SALAM INTL TRANSPORT & TRAD JORDAN PHOSPHATE MINES UNION LAND DEVELOPMENT CORP ALIA THE ROYAL JORDANIAN AIR AL-TAJAMOUAT FOR TOURISTIC P Volume traded (Shares) 547,671 354,728 233,050 195,769 181,665
2. Macroeconomic & Corporate News RJ posts positive Q3 results Royal Jordanian (RJ) posted JD31.8 million in net profit in this year’s third quarter against JD12.9 million net profit in the same period last year, RJ’s President/CEO Stefan Pichler said on Tuesday. Pichler was speaking at a press conference on Tuesday during which he presented the national carrier’s turnaround plan which was approved by RJ’s Board of Directors during its session on Monday. RJ’s finances have started to recover since the beginning of June, which marked the start of the company achieving first monthly net profit in 2017, he said. He noted that the net income increased exponentially in the following months, enabling RJ to cover the JD27.8 million losses, incurred in the first five months of the year. According to Pichler, RJ’s strategic objective is to position itself as the number 1 network carrier in the Levant. This is based on three main pillars, foremost of which is sustainable profitability that attracts the capital market and targets increasing operating margins in the coming five years. Jordan, UAE sign 12 deals, agree joint ventures Jordan and the UAE on Tuesday signed 12 agreements, protocols, memoranda of understanding and executive programmes that govern ties between the two countries. The deals were signed in Abu Dhabi at the conclusion of the third session of the Jordan-UAE ministerial committee co-chaired by Foreign Minister Ayman Safadi and his Emirati counterpart, Abdullah Al Nahyan. The deals would contribute to opening wider horizons for cooperation between the two countries, the Jordan News Agency, Petra, said. They included memoranda of understanding on financial and technical cooperation, mutual recognition of conformity certificates and quality mark for products between Jordan Institution for Standards and Metrology and the UAE Authority for Standardisation and Metrology. They also include cooperation in the fields of telecommunications, ICT and electronic transformation between the Jordanian Ministry of ICT and the UAE Telecommunications Regulatory Commission, as well as in the field of green growth between the Ministry of Environment of Jordan and the Ministry of Climate Change and Environment of the UAE. An agreement was also signed to boost cooperation in the field of competition policies and related legislation between the Ministry of Industry, Trade and Supply of Jordan and the UAE Ministry of Economy. Ministry, World Bank launch project to develop urban planning Five municipalities in Jordan are making use of a new one-year project run by the Planning and International Cooperation Ministry and the World Bank to develop their urban planning. Minister of Planning and International Cooperation Imad Fakhoury on Tuesday acted as patron to the “first-of-its-kind” workshop that tackled the outcome of a project in the Arab world that aims Jordan to develop the capacities of five selected municipalities in the Kingdom with the help and technical assistance of the World Bank. * 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.