Amman Stock Exchange Daily Report - 10 March

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1. Amman Stock Exchange 10-Mar-20 AMMAN SE GENERAL INDEX 1 ,910 Close % Change Year-to-Date (YTD) 1,800.88 0.38% -0.79% Daily Volume (shares) 3,857,321 Daily Turnover (JOD) 3,591,929 6 MONTHS INDEX PERFORMANCE 1,890 1,870 1,850 1,830 1,810 1,790 1,770 1,750 Best Performing Companies AL-ISRA FOR EDUCATION & INV AL-TAJAMOUAT FOR TOURISTIC P INDUSTRIAL COMMERCIAL & AGRI NOOR CAPITAL MARKETS FOR DIV AL EQBAL CO FOR INVESTMENT P Worst Performing Companies % Change 4.04 3.13 3.03 3.02 2.98 Top Traded Companies by Volume (Shares) UNION INVESTMENT CORP RUM TOURIST TRANSPORTATION C NATIONAL ALUMINUM INDUSTRIAL JORDANIAN ELECTRIC POWER SPECIALIZED INVESTMENT COMPO * Source: Bloomberg 581,779 364,229 340,333 295,472 261,625 JORDANIAN PHARMACEUTICAL MAN CONTEMPORARY FOR HOUSING PRO JORDAN INTL INSURANCE DEERA INVESTMENT & REAL ESTA COMPREHENSIVE MULTIPLE TRANS % Change (3.85) (4.05) (4.65) (4.71) (4.76) Top Traded Companies by Value (JOD) UNION INVESTMENT CORP SPECIALIZED INVESTMENT COMPO JORDANIAN ELECTRIC POWER JORDAN PETROLEUM REFINERY CO NATIONAL ALUMINUM INDUSTRIAL 670,517 389,039 365,919 342,505 214,442
2. Macroeconomic & Corporate News CBJ interest rate reduction will have minimal impact, economists say Economists on Monday said the Central Bank of Jordan’s (CBJ) decision to lower interest rates on all monetary policy instruments by 50 basis points as of last Thursday will have “little impact” in light of the current global economic headwinds caused mainly by the coronavirus outbreak. “The timing has become predictable — when the Federal Reserve System in the US lowers its interest rate, the CBJ expectedly follows suit,” Adel Bino, an economist and professor of economy at the University of Jordan, told The Jordan Times on Monday over the phone. “The responsiveness of banks’ interest rates to monetary policy and its changes by the CBJ differs for loans and deposits,” Bino said, noting that usually, interest rates on deposits “are more sensitive to changes in monetary policy than interest rates on loans”. When the CBJ reduces the interest rate on deposits, he noted, it tends to drop faster than when the interest rate is lowered on loans, as it usually takes some time until a change is reflected in that case. Bino added that Jordanian deposits in JD or USD are “not expected to change” because the adjustment is equal for both currencies. King visits King Hussein Bin Talal Development Area His Majesty King Abdullah on Monday called for capitalising on the strategic location of the north-eastern Mafraq Governorate and bringing investments to its King Hussein Bin Talal Development Area to provide job opportunities for youth. During a visit to King Hussein Bin Talal Development Area, affiliated with the Mafraq Development Corporation, King Abdullah, accompanied by HRH Crown Prince Hussein, was briefed on progress in turning the area into a logistical, industrial, and services hub, according to a Royal Court statement * 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.