Amman Stock Exchange Daily Report - 12 October

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1. Amman Stock Exchange 12-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,109.78 % Change Year-to-Date (YTD) 0.29% -2.79% Daily Volume (shares) 3,348,440 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers AL AMAL FINANCIAL INVESTMENT ITTIHAD SCHOOLS COMPANY FUTURE ARAB INVESTMENT CO UNION TOBACCO & CIGARETTE JORDAN MASAKEN FOR LAND & IN % Change 7.14 6.96 5.00 4.89 4.80 Top Traded Companies by Value ARAB BANK PLC RUM TOURIST TRANSPORTATION C AD-DULAYL INDUSTRIAL PARK CO UNION INVESTMENT CORP UNION LAND DEVELOPMENT CORP * Source: Bloomberg Worst Performers UNITED CABLE INDUSTRIES CO LAFARGE JORDAN CEMENT REAL ESTATE DEVELOPMENT JORDAN DECAPOLIS PROPERTIES EMMAR INVESTMENTS & REAL EST % Change (2.44) (3.29) (3.70) (4.44) (4.55) Top Traded Companies by Volume Value traded (JOD) 675,711 406,699 308,101 284,985 234,247 164,394 AD-DULAYL INDUSTRIAL PARK CO RUM TOURIST TRANSPORTATION C AL AMAL FINANCIAL INVESTMENT UNION INVESTMENT CORP SPECIALIZED INVESTMENT COMPO ARAB UNIONBANK LANDPLC DEVELOPMENT CORP Volume traded (Shares) 712,249 465,710 371,401 241,160 155,628
2. Macroeconomic & Corporate News Royal Jordanian eyes operating profit this year – CEO Royal Jordanian Airlines expects to make an operating profit this year as it pushes ahead with a turnaround plan, its chief executive told Reuters on Friday. "I am pretty confident that after the first five months of this year, which were not very good, that we are going to have an operating profit in this year," Stefan Pichler, who took over as CEO in June, said on the sidelines of the CAPA global summit in London. "We've worked very hard to develop a turnaround programme to get back to profitability," he said. Pichler said the board had approved the turnaround plan last week and Royal Jordanian would now work on a fleet plan. Jordan's flag carrier currently flies a mix of Embraer, Airbus and Boeing jets and Pichler said ideally it would move to a single narrow body supplier in the future. "We are discussing with all suppliers," he said. He said Royal Jordanian was looking to focus on its regional market in the Levant and wanted to be poised to take advantage of the Syrian market when it reopens. Pichler said Royal Jordanian was trying not to put too much capacity into the market as it seeks to fly fuller planes. 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. Jordan, Lithuania open ‘new scopes’ for commercial exchange A recent visit by a Jordanian commercial and industrial delegation to Lithuania has opened new scopes for cooperation in the trade and investment fields, as well as for promoting the Kingdom as a business hub in the region, the Jordan News Agency, Petra, reported on Saturday. The visit, organised by the consulate of Lithuania in Jordan in cooperation with the Amman Chamber of Commerce (ACC), has provided grounds for increasing commercial exchange between the two countries and for reviewing the Kingdom’s economic and investment opportunities. Ahmad Armoush, the honorary consular of Lithuania in Jordan, said that the visit came as a follow up of the outcomes of His Majesty King Abdullah’s meeting with Lithuanian President Dalia Grybauskaitė, during her visit to the Kingdom in May 2016. Armoush said that the delegation, headed by Industry, Trade and Supply Minister Yarub Qudah and ACC President Issa Murad, included representatives of the private sector, Jordan Investment Commission, Jordan Tourism Board and the Jordanian Embassy in the Netherlands. He added that the visit was paving the way for increasing commercial exchange and establishing “good” economic relations in the fields of maritime transport, tourism, medical tourism and educational exchange. * 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.