Amman Stock Exchange Daily Report - 13 March

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1. Amman Stock Exchange 13-Mar-17 Close AMMAN SE GENERAL INDEX 2 ,217.25 % Change Year-to-Date (YTD) 0.47% 2.16% Daily Volume (shares) 7,982,489 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 JORDAN STEEL AL-AMIN FOR INVESTMENT AL-TAJAMOUAT FOR CATERING HS AL-NISR AL-ARABI INSURANCE % Change 7.33 4.76 4.62 4.17 3.75 Top Traded Companies by Value AL AMAL FINANCIAL INVESTMENT SPECIALIZED INVESTMENT COMPO UNION TOBACCO & CIGARETTE RUM TOURIST TRANSPORTATION C ARAB BANK PLC * Source: Bloomberg Worst Performers HIGH PERFORMANCE REAL ESTAT INDUSTRIAL COMMERCIAL & AGRI CONTEMPORARY FOR HOUSING PRO AFAQ FOR ENERGY CO PLC SPECIALIZED INVESTMENT COMPO % Change (2.44) (2.46) (3.33) (3.44) (4.20) Top Traded Companies by Volume Value traded (JOD) 2,417,513.00 947,012.30 492,281.10 487,577.00 479,232.40 Volume traded (Shares) AL AMAL FINANCIAL INVESTMENT 3,430,097 SPECIALIZED INVESTMENT COMPO 800,175 RUM TOURIST TRANSPORTATION C 552,635 AL-TAJAMOUAT FOR CATERING HS 411,761 JORDAN STEEL 393,178
2. Macroeconomic & Corporate News Jordan, European Investment Bank discuss priority projects Jordan and the European Investment Bank (EIB) on Monday discussed prospects of further cooperation in priority fields, on the backdrop of the bank’s decision to increase funding of its three-year Economic Resilience Initiative to 15 billion euros. The issue was discussed during a meeting in Amman between Minister of Planning and International Cooperation Imad Fakhoury and EIB’s Vice President Dario Scannapieco. The priority sectors agreed upon include renewable energy, energy efficiency, transportation, roads, finance and banking and the increase of private businesses’ share in economy, a ministry statement said. According to the EIB, the initiative came in response to a call from the European Council to increase financing to EU’s neighbouring countries and support the achievement of the Sustainable Development Goals. YTL Power’s Jordanian Project Gets $1.5b Chinese Funding The Attarat Power Plant project secured financing from Chinese banks and construction will start this year after delays, the $2.1b oil shale-fueled power plant will have gross generation capacity of 554MW which was first mooted in 2008, according to Edge reports. ‘Recently endorsed JSC regulations favour int’l investment opportunities’ The new regulations governing the issuance, listing and trading of depositary receipts will entitle Jordanian companies to increase their revenues through a presence in international stock exchange markets, financial experts agreed at a conference on Monday. Experts said that the recently endorsed regulations of the Jordan Securities Commission (JSC) will allow companies access to larger capital, and will enhance investment opportunities at an international scale. Under the new regulations, Jordanian public shareholding companies can issue depository receipts, enabling them to join the international stock exchange markets, including the London Stock Exchange (LSE). * 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.