Amman Stock Exchange Daily Report - 10 January

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1. Amman Stock Exchange 10-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,175.89 % Change Year-to-Date (YTD) -0.06% 1.85% Daily Volume (shares) 6,487,936 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 AMMOUN INTERNATIONAL FOR INV ZARA INVESTMENTS INDUSTRIAL COMMERCIAL & AGRI BARTER CO FOR INVESTMENT & T EMMAR INVESTMENTS & REAL EST % Change 4.63 4.44 4.23 4.08 3.70 Top Traded Companies by Value AD-DULAYL INDUSTRIAL PARK CO AL AMAL FINANCIAL INVESTMENT SPECIALIZED INVESTMENT COMPO UNION INVESTMENT CORP RUM TOURIST TRANSPORTATION C * Source: Bloomberg Worst Performers EL-ZAY READY WEAR MANUF CO UNION TOBACCO & CIGARETTE UNION LAND DEVELOPMENT CORP UNIVERSAL MODERN INDUSTRIES AL-BILAD MEDICAL SERVICES % Change (3.51) (3.59) (4.17) (4.90) (7.00) Top Traded Companies by Volume Value traded (JOD) 1,044,882.00 909,448.80 611,184.30 351,098.30 291,032.10 Volume traded (Shares) AD-DULAYL INDUSTRIAL PARK CO 1,926,249 AL AMAL FINANCIAL INVESTMENT 1,020,113 BARTER CO FOR INVESTMENT & T 436,483 SPECIALIZED INVESTMENT COMPO 436,008 RUM TOURIST TRANSPORTATION C 363,600
2. Macroeconomic & Corporate News Budget deficit declines to JD803 million after grants The General budget deficit stood at JD803.3 million at the end of November 2016 after foreign grants compared to JD1.25 billion in the same period of 2015, according to a bulletin issued by the Ministry of Finance on Monday. Deficit before foreign grants stood at JD1.209 billion compared to JD1.47 billion in the same period. Domestic revenues and foreign grants reached JD6.187 billion compared to JD5.735 billion, a rise of JD452 million. Foreign grants stood at JD404 million compared JD448 million in the same period of 2015. Government spending at the end of November 2016 reached JD6.99 billion compared to JD6.76 billion in the same period of 2015. Agricultural exports dropped again in 2016' The Kingdom’s annual agricultural exports are showing no signs of recovery despite efforts to open new markets, with exports dropping 12.4 per cent last year, according to official figures. The country exported 686,000 tonnes of fruit and vegetables last year and generated JD400 million in agricultural exports, Minister of Agriculture Khaled Hneifat said in a statement e-mailed to The Jordan Times. In 2015, the Kingdom exported 783,000 tonnes of produce and generated JD520 million, according to official figures, which also indicated that agricultural exports during 2015 dropped by 11.3 per cent compared to 2014. King urges ‘alternative’ sources of public revenues His Majesty King Abdullah on Tuesday stressed the importance of protecting those with low and middle incomes, especially given the current economic climate. Meeting with Senate President Faisal Fayez, Lower House Speaker Atef Tarawneh and members of both chambers at his office at Al Husseiniya Palace, His Majesty said he had directed the government to reconsider proposed financial reforms, and to find alternatives that would protect lower earners. King Abdullah added that increasing the growth rate and competitiveness of the national economy are the foundations for boosting the economy, according to a Royal Court statement. The King said that the region is in a state of war and "we are trying to increase the economic growth and address unemployment among young people", stressing that "we have to be realistic regarding what we can achieve this year". JD142m UAE grant to help fund project to expand King Hussein Medical Centre The Abu Dhabi Fund for Development (ADFD) is providing a JD142 million grant to the Royal Medical Services to expand and increase the capacity of the King Hussein Medical Centre (KHMC). At a press conference on Tuesday to announce the support at Queen Rania Al Abdullah Hospital for Children, RMS Director Maj. Gen. Muin Habashneh highlighted the strong relations between Jordan and the UAE. Habashneh explained the importance of the grant to develop and increase the capacity of the KHMC, given the increase of demand and population. * 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.