Amman Stock Exchange Daily Report - 11 October

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1. Amman Stock Exchange 11-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,103.63 % Change Year-to-Date (YTD) 0.21% -3.07% Daily Volume (shares) 2,385,406 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers UNION LAND DEVELOPMENT CORP UNION TOBACCO & CIGARETTE ARABIAN AVIATION INVESTMENT RUM TOURIST TRANSPORTATION C AL-RAKAEZ INVESTMENT CO % Change 4.87 4.78 4.16 3.53 2.78 Top Traded Companies by Value ARAB BANK PLC UNION INVESTMENT CORP RUM TOURIST TRANSPORTATION C JORDANIAN ELECTRIC POWER DAR AL DAWA DEVELOPMENT &INV * Source: Bloomberg Worst Performers HIGH PERFORMANCE REAL ESTAT UNION INVESTMENT CORP EL-ZAY READY WEAR MANUF CO JORDAN MASAKEN FOR LAND & IN JORDAN DECAPOLIS PROPERTIES % Change (2.56) (3.28) (3.45) (3.85) (4.26) Top Traded Companies by Volume Value traded (JOD) 395,586 390,326 264,092 209,850 164,649 163,024 UNION INVESTMENT CORP RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO JORDANIAN ELECTRIC POWER AL-RAKAEZ INVESTMENT CO REAL ESTATE DEVELOPMENT BARTER CO FOR INVESTMENT & T Volume traded (Shares) 326,768 311,020 123,000 114,203 112,827
2. Macroeconomic & Corporate News We cannot add taxes on Jordanians to subsidise foreigners in Jordan — King His Majesty King Abdullah on Wednesday stressed the importance of the governorates councils' role in development with the cooperation with the government and the parliament, a Royal Court statement said. During a meeting with Lower House Speaker Atef Tarawneh and presidents and members of parliamentary blocs, His Majesty noted the need for a strategy to develop the governorates and plans to be implemented on the basis of each governorate’s unique features and available resources. The King called on ministers to serve Jordan courageously with confidence and responsibility. He noted that the new tax law in the making has to stiffen penalties against tax evasion. King Abdullah said that Jordan has been "generous" with the refugees, wondering about how long the Kingdom can continue to carry the burden of hosting them. His Majesty said that no country in the world spends the equivalent of a quarter of its budget to accommodate refugees. “Frankly speaking, all shall bear the responsibility and there are people who benefit from the middle class’ tax exemptions, which requires improving the law so nobody would be evading taxes”, the King added. Jordan, Egypt to enhance electricity projects Jordan and Egypt has agreed to enhance electricity connection between the two countries and form a team to study the establishment of a second power line project, the Jordan News Agency, Petra, reported on Wednesday. The two sides signed a number of memoranda of understanding for operating and maintaining oil and gas pipelines and networks in the Kingdom, and to prepare economic feasibility studies on natural gas supplies for household, trade and industrial use. These agreements were signed during a visit by the Energy and Mineral Resources Minister Saleh Kharabsheh to Egypt, where he met with the Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla and the Minister of Electricity and Energy Mohamed Shaker, and discussed with them the aspects of energy cooperation and joint projects. PM urges more active role of private sector Prime Minister Hani Mulki on Wednesday stressed the government's eagerness to extend the private sector's participation in the national economy and enhancing is competitiveness, the Jordan News Agency, Petra, reported. During a meeting with representatives of the private sector at the Ministry of Industry, Trade and Supply, Mulki noted that the government has worked on enhancing partnership with the private sector to implement a project worth JD200 million. He stressed that such projects would increase capital spending. The premier noted that the government has started implementing an economic reform programme that targets stimulating the economy’s growth and financial reforms. * 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.