Amman Stock Exchange Daily Report - 12 March

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1. Amman Stock Exchange 12-Mar-17 Close AMMAN SE GENERAL INDEX 2 ,206.80 % Change Year-to-Date (YTD) 0.13% 1.68% Daily Volume (shares) 4,497,583 6 MONTHS INDEX PERFORMANCE 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 Best/Worst Performing Companies Best Performers UNION TOBACCO & CIGARETTE AFAQ FOR ENERGY CO PLC JORDAN STEEL DEERA INVESTMENT & REAL ESTA AL SANABEL INTERNATIONAL CO % Change 7.48 6.50 5.00 4.44 4.35 Top Traded Companies by Value CONTEMPORARY FOR HOUSING PRO RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO AFAQ FOR ENERGY CO PLC JORDAN PETROLEUM REFINERY CO * Source: Bloomberg Worst Performers PROFESSIONAL FOR REAL ESTAT COMPREHENSIVE LAND DEVELOPME ARABIAN STEEL PIPES JORDANIAN REAL ESTATE FOR DE JORDAN MASAKEN FOR LAND & IN % Change (2.08) (2.78) (3.03) (3.57) (3.61) Top Traded Companies by Volume Value traded (JOD) 1,034,370.00 698,061.40 391,605.90 361,622.90 297,493.50 Volume traded (Shares) CONTEMPORARY FOR HOUSING PRO 829,370 RUM TOURIST TRANSPORTATION C 817,225 AL-TAJAMOUAT FOR CATERING HS 344,584 SPECIALIZED INVESTMENT COMPO 335,073 JORDAN STEEL 206,154
2. Macroeconomic & Corporate News Gov’t ready with measures to facilitate doing business The Council of Ministers on Sunday endorsed the first set of measures as part of an action plan aimed at easing doing business in Jordan and thus stimulating the national economy, the Jordan News Agency, Petra, reported. Planning and International cooperation Minister Imad Fakhoury said his ministry and the ministerial economic development committee would oversee the execution of the decisions during the upcoming months with the aim of stimulating the national economy's growth in accordance with Jordan Vision 2025 and the government's action plan. The Cabinet instructed ministries and concerned authorities to implement the measures immediately, warning of consequences in case they fail to do their part of the job. The first set includes decisions aimed at improving the business environment, through amending regulations governing the issuance of construction licences, starting trade activity, registering property, borrowing, insolvency and bankruptcy-related procedures, investor protection, tax collection and execution of contracts, Fakhoury said. Central Bank launches initiative to stimulate economic growth The Central Bank of Jordan (CBJ) on Sunday launched a set of economic initiatives to stimulate growth and job generation. The initiatives included establishing investment companies for banks with a capital of JD125 million to invest in mediumsized enterprises, the Jordan News Agency, Petra, reported. During a ceremony attended by Prime Minister Hani Mulki, the CBJ also launched a programme to support the national exports credit, to which JD100 million has been allocated. CBJ Governor Ziad Fariz said the initiatives came as part of the banking system’s response to the recommendations of the Economic Policies Council (EPC), launched by His Majesty King Abdullah and later endorsed and adopted by the Cabinet. Jordanian and Egyptian tourism ‘interconnected’, need joint tourism strategy By developing joint tourism promotional offers, Jordan and Egypt can exploit untapped opportunities to boost bilateral and inbound tourism to both countries, officials from both sides agreed. Speaking at a session organised by the Jordan Inbound Tour Operators Association (JITOA) on Sunday, officials said the “strong” and “strategic” relations binding the two countries were the foundations for cooperation in various fields, including tourism. Tourism Minister Lina Annab cited the interconnectedness of the two countries’ tourism sectors, adding that the suspension of flights from countries like Russia and the UK to some Egyptian destinations was “not an opportunity for Jordan”. * 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 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.