Amman Stock Exchange Daily Report - 11 March

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1. Amman Stock Exchange 11-Mar-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,210.49 0.02% Year-to-Date (YTD) 3.94% Daily Volume (shares) 3,585,755 Daily Turnover (JOD) 3,768,722 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies RESOURCES CO FOR DEVELOPMENT AL AMAL FINANCIAL INVESTMENT TUHAMA FOR FINANCIAL INVESTM SPECIALIZED INVESTMENT COMPO RUM TOURIST TRANSPORTATION C Worst Performing Companies % Change 8.33 5.88 4.62 4.11 2.90 Top Traded Companies by Volume (Shares) SPECIALIZED INVESTMENT COMPO AL AMAL FINANCIAL INVESTMENT UNION INVESTMENT CORP RUM TOURIST TRANSPORTATION C JORDAN PHOSPHATE MINES * Source: Bloomberg 515,001 361,534 275,180 258,526 241,539 JORDAN INTL INSURANCE AL-TAJAMOUAT FOR TOURISTIC P SALAM INTL TRANSPORT & TRAD INTL CO FOR MEDICAL INVEST INTERNATIONAL BROKERAGE AND - % Change (2.08) (2.44) (3.45) (3.70) (7.69) Top Traded Companies by Value (JOD) JORDAN PHOSPHATE MINES SPECIALIZED INVESTMENT COMPO UNION INVESTMENT CORP ARAB BANK PLC AL AMAL FINANCIAL INVESTMENT 755,147 375,300 330,057 272,784 192,989
2. Macroeconomic & Corporate News Fakhoury discusses US, WB support to Jordan's economic growth Planning and International Cooperation Minister Imad Fakhoury on Saturday discussed with US officials the assistance to Jordan for the year 2018 and the general budget in accordance with the memorandum of understanding (MoU) signed last February. The assistance is expected to be endorsed by the US Congress in the next few weeks, a Planning Ministry statement said, following meetings with several US senior officials including Under Secretary of Treasury for International Affairs at the US Department of Treasury David Malpass and Deputy Assistant Secretary for Economic and Business Affairs at the US Department of States Manisha Singh, in addition to senior staffers of the US Senate's Appropriation Committee. During the meetings, held on the sidelines of the World Bank's (WB) "Fragility Forum 2018: Managing Risks for Peace and Stability" between March 5 and 7, Fakhoury briefed the officials on the latest economic developments in Jordan, including the challenges generated by the regional turmoil and hosting large numbers of Syrian refugees, according to the statement. He outlined the progress made in the field of development and of the reform agenda under the Executive Development Programme, as well as the Jordan Economic Growth Plan 2018-2022. He also Jordan, Saudi Arabia in talks over $500b NEOM project Discussions are under way between Jordan and Saudi Arabia to identify projects that will be implemented in Aqaba, as part of the NEOM project launched by Saudi Crown Prince Mohammad Bin Salman as part of the 2030 Saudi vision, an official said on Saturday. “We are in the process of looking into which projects are to be implemented in Aqaba. There are ongoing discussions between delegations from Saudi Arabia and Jordan to identify the investments in Aqaba as part of NEOM,” an official at the Aqaba Special Economic Zone Authority told The Jordan Times on Saturday. The source added that the projects to be implemented have not been yet finalised, but there are ideas to build resorts in Aqaba. “The discussions between Jordan and Saudi Arabia are positive and promising, and they usher in a bright future for the investments in Aqaba,” said the source, who stressed on the importance of NEOM project. Jordan, Oman discuss measures to boost trade cooperation The Joint Jordanian-Omani committee has discussed means of enhancing and developing the economic, trade and investment relations between the two countries and overcoming obstacles facing Jordanian exports to the Omani market and vice versa, the Jordan News Agency, Petra, reported on Saturday. The talks took place during the committee's tenth session meetings in Muscat, held under the chairmanship of the Secretary General of the Ministry of Industry, Trade and Supply Yousef Shamali, and Omani Finance Ministry Consultant Sheikh Abdulmalek Al Hinai, with the participation of several officials from ministries and institutions of both countries and the Jordanian ambassador to Oman. The committee discussed cooperation in areas of consumer protection, protection of competition and cooperation in registration and control of companies, supervision of the insurance sector and protection of national production. In regards to investment, participants agreed to start a joint work programme to arrange specialised trade missions to examine areas of cooperation and establish joint projects. * 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.