Amman Stock Exchange Daily Report - 12 June

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1. Amman Stock Exchange 12-Jun-19 AMMAN SE GENERAL INDEX 2 ,050 Close % Change 1,811.99 0.27% Year-to-Date (YTD) 0.00% Daily Volume (shares) 4,593,669 Daily Turnover (JOD) 3,811,717 6 MONTHS INDEX PERFORMANCE 2,000 1,950 1,900 1,850 1,800 1,750 Best Performing Companies SALAM INTL TRANSPORT & TRAD UNION TOBACCO & CIGARETTE AL AMAL FINANCIAL INVESTMENT AL EQBAL CO FOR INVESTMENT P AL ENTKAEYA FOR INVESTMENT Worst Performing Companies % Change 4.76 4.65 4.62 4.35 4.23 Top Traded Companies by Volume (Shares) SAFWA ISLAMIC BANK BANK AL ETIHAD SURA DEVELOPMENT AND INVESTM RUM TOURIST TRANSPORTATION C UNION INVESTMENT CORP * Source: Bloomberg ARAB PHOENIX HOLDINGS INTL CO FOR MEDICAL INVEST AL FARIS NATIONAL COMP FOR I ZARA INVESTMENTS EL-ZAY READY WEAR MANUF CO % Change (3.23) (4.55) (4.83) (4.84) (5.26) Top Traded Companies by Value (JOD) 576,238 369,061 318,806 243,047 218,778 SAFWA ISLAMIC BANK BANK AL ETIHAD JORDAN PHOSPHATE MINES JORDAN PETROLEUM REFINERY CO UNION INVESTMENT CORP 708,778 605,260 413,695 322,118 245,868
2. Macroeconomic & Corporate News Jordanian exports see 9.3% rise in Q1 Minister of Trade, Industry and Supply Tareq Hammouri on Tuesday said that Jordanian exports increased by 9.3 per cent during the first quarter of this year, which indicates an improvement in the national economy.Hammouri made the remarks during a meeting with representatives of the industrial sector in Irbid, some 90 kilometres north of Amman, the Jordan News Agency, Petra, reported.In the presence of presidents of Amman and Irbid chambers of industry, Fathi Jaghbir and Hani Abu Hassan, respectively, the minister listed a number of reasons for the debt crisis in Jordan, which can be mainly attributed to the interruption of the Egyptian gas supply, regional crises, and borders closures. ordan receives first instalment of WB $1.45b loan A $725-million instalment of the World Bank’s (WB) $1.45-billion loan to Jordan has been deposited at the Treasury’s account at the Central Bank of Jordan (CBJ), Minister of Planning and International Cooperation and State Minister for Economic Affairs Mohamad Al-Ississ announced on Tuesday. Earlier in June, the World Bank Group had agreed to provide Jordan with the loan at a 4 per cent interest rate and with a four-year grace period, according to the Jordan News Agency, Petra. The terms of the loan are concessional, and the maturity of the loan is for 34 years, according to the WB. The minister highlighted that the sum will be utilised to cover payments of a $1-billion Eurobond, due this month, according to Petra. Sector leader seeks quick cure for ‘ailing’ pharmaceutical sector The pharmaceutical industry is on the “brink of collapse” if urgent remedial measures are not taken, Jordan Pharmacists Association (JPhA) President Zeid Kilani said on Tuesday.Over the past few years, 670 pharmacies in the Kingdom shut down after facing financial problems and bankruptcy, which raises a red flag for the sector’s status and performance, Kilani said in a phone interview, noting that there are around 3,500 pharmacies in Jordan — one of the largest ratios in the world. * 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.