Amman Stock Exchange Daily Report - 11 January

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1. Amman Stock Exchange 11-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,173.77 % Change Year-to-Date (YTD) -0.10% 1.75% Daily Volume (shares) 4,992,424 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 ZARA INVESTMENTS JORDANIAN EXPATRIATES INV HL UNION LAND DEVELOPMENT CORP ARAB EAST INVESTMENT NATIONAL CABLE & WIRE MANUF % Change 4.26 4.17 3.86 3.70 3.13 Top Traded Companies by Value AD-DULAYL INDUSTRIAL PARK CO BARTER CO FOR INVESTMENT & T AL AMAL FINANCIAL INVESTMENT JORDAN PETROLEUM REFINERY CO SPECIALIZED INVESTMENT COMPO * Source: Bloomberg Worst Performers EMMAR INVESTMENTS & REAL EST UNION INVESTMENT CORP ARAB POTASH/THE ALIA THE ROYAL JORDANIAN AIR AL AMAL FINANCIAL INVESTMENT % Change (3.57) (4.03) (4.20) (4.35) (5.56) Top Traded Companies by Volume Value traded (JOD) 533,797.90 319,907.80 315,179.10 247,381.10 246,195.80 Volume traded (Shares) AD-DULAYL INDUSTRIAL PARK CO 1,014,435 BARTER CO FOR INVESTMENT & T 620,938 AL AMAL FINANCIAL INVESTMENT 358,703 ALIA THE ROYAL JORDANIAN AIR 348,805 AL-TAJAMOUAT FOR CATERING HS 259,749
2. Macroeconomic & Corporate News King directs gov’t to trim benefits of top-layer officials His Majesty King Abdullah on Wednesday said that he had directed the government to reduce expenditures, including reductions in the benefits of high-ranking public officials. He made the remarks as he visited Ajloun Governorate, where he met with local community leaders and inaugurated development projects, a Royal Court statement said. The Monarch’s austerity directives came as the government announced plans to hike gas prices and taxes to secure JD450 million, as part of a plan to narrow the budget deficit. A day earlier, he told leading lawmakers that he wanted the government’s plans to ensure protection for low- and medium-income segments. Jordan’s economic growth to steadily, slowly rise — WB The World Bank (WB) on Tuesday released updated projections for economic growth in the Middle East and North Africa, with Jordan’s growth predicted to steadily increase over the next three years, despite continuing regional instability. The data predicts Jordan’s 2.3 per cent growth in 2016 will rise to 2.6 per cent in 2017, increasing to 3.1 per cent in 2018 and 3.4 per cent in 2019. “Jordan should see a recovery in investment and exports that will push growth up to 2.6 per cent,” the report said. The projections, titled Global Economic Prospects: Weak Investment in Uncertain Times, forecast that growth in the region as a whole will “recover to a 3.1 per cent pace this year [2017], with oil importers registering the * 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.