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Amman Stock Exchange Daily Report - 12 April

IM Insights
By IM Insights
5 years ago
Amman Stock Exchange Daily Report - 12 April


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  1. Amman Stock Exchange 12-Apr-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,197.34 -0.92% Year-to-Date (YTD) 3.32% Daily Volume (shares) 3,766,964 Daily Turnover (JOD) 3,737,776 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies ZARA INVESTMENTS DEERA INVESTMENT & REAL ESTA AL-TAJAMOUAT FOR TOURISTIC P AL-BILAD MEDICAL SERVICES ARAB ALUMINIUM INDUSTRY Worst Performing Companies % Change 3.70 3.57 2.63 2.47 2.33 Top Traded Companies by Volume (Shares) AL-TAJAMOUAT FOR CATERING HS SABA'EK INVESTMENT INTERMEDIATE PETROCHEMICHALS AD-DULAYL INDUSTRIAL PARK CO RUM TOURIST TRANSPORTATION C * Source: Bloomberg 452,686 202,000 182,201 168,273 148,555 TUHAMA FOR FINANCIAL INVESTM RUM TOURIST TRANSPORTATION C JORDANIAN EXPATRIATES INV HL UNION TOBACCO & CIGARETTE AL EQBAL CO- FOR INVESTMENT P % Change (4.44) (4.48) (4.84) (4.85) (7.49) Top Traded Companies by Value (JOD) AKARY FOR INDUSTRIES AND REA METHAQ REAL ESTATE INVESTMEN CENTURY INVESTMENT GROUP JORDANIAN ELECTRIC POWER JORDAN PETROLEUM REFINERY CO 295,470 227,772 200,095 190,409 178,579
  2. Macroeconomic & Corporate News Jordan, Egypt to establish council for investment coordination Jordan and Egypt on Wednesday signed a memorandum of understanding to establish a council for investment coordination between the two countries, the Jordan News Agency, Petra, reported. During the signing ceremony, State Minister for Investment Affairs Muhannad Shehadeh said that the memo aims to create an institutional framework to enhance bilateral investments and relevant exchange of information. Shehadeh, who is also president of the Jordan Investment Commission (JIC), said that the council will comprise of Jordanian and Egyptian businesspeople who will be chosen by the Egyptian ministry of international cooperation and investment and the JIC. 16 companies compete to build 4 solar energy plants in Maan Jordan has received 16 technical and financial offers to implement four solar energy power plants with a total capacity of 200 megawatts (MW), the government said on Wednesday. "We received the offers from local, regional and international companies and consortia under the third direct proposals stage," Amani Al Azzam, secretary general of the Ministry of Energy and Mineral Resources told The Jordan Times on Wednesday. Four will be selected to build solar power plants with a capacity of 50MW each in Maan Development Zone, the official added. "We will embark on assessing the technical offers and announce the shortlisted bidders. Then, we will look into the financial offers and announcing the winning bidders that will carry out these projects," Al Azzam said. The ministry will announce the names of the winning bidders for the solar plants in the third quarter of this year, she added. The four solar plants, she said, are part of the government's plan to diversify energy resources and increase the contribution of renewable energy to the overall energy mix in Jordan and reduce the energy bill. Also on Wednesday, announced the extension of the deadline AFESD to providethea ministry $500 grant for financing priority projectsfor qualified companies to submit technical and financial Planning and International Cooperation Minister Imad Fakhoury said that the Arab Fund for Economic and Social Development (AFESD) has agreed on a three-year programme to finance a number of government priority projects. The remark came during a meeting with AFESD's Director General and Chairman Abdullatif Youssef Al Hamad on the sidelines of the 47th meeting of the Board of Governors of AFESD, which comes as part of the Joint Annual Meeting of the Arab Financial Institutions held at the Dead Sea on Tuesday. Fakhoury also announced that the fund will increase grants to Jordan and approve a $500,000 grant to finance the second phase of the agricultural census, a Planning ministry statement said on Wednesday.The minister expressed appreciation for the fund's support, calling for finding new financing mechanisms and increasing grants to assist the Kingdom in implementing its reform programmes and facing challenges stemming out of the Syrian refugee crisis. * 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.