Amman Stock Exchange Daily Report - 14 February

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1. Amman Stock Exchange 14-Feb-21 AMMAN GENERAL INDEX Close % Change Year-to-Date (YTD) Daily Volume (shares) Daily Turnover (JOD) 1,730.95 -0.24% 4.45% 6,404,056 7,659,408 Index Perfomance Graph 1,800 1,750 1,700 1,650 1,600 1,550 Best Performing Companies ARAB INVEST PROJ 10-Feb-21 3-Feb-21 27-Jan-21 20-Jan-21 13-Jan-21 6-Jan-21 30-Dec-20 23-Dec-20 9-Dec-20 16-Dec-20 2-Dec-20 25-Nov-20 18-Nov-20 4-Nov-20 11-Nov-20 28-Oct-20 21-Oct-20 7-Oct-20 14-Oct-20 30-Sep-20 23-Sep-20 9-Sep-20 16-Sep-20 2-Sep-20 26-Aug-20 19-Aug-20 5-Aug-20 12-Aug-20 29-Jul-20 22-Jul-20 15-Jul-20 8-Jul-20 1-Jul-20 1,500 Worst Performing Companies % Change 4.76% ZARA INVESTMENTS % Change -4.88% INJAZ 4.76% SPCZ.INVST.COMD -5.00% READY MIX CONCRT 4.65% JOR PIPES MANFACT -5.00% AMOUN INT. INV. 4.41% AMWAJ -6.67% INDSTRAL/COMM/AGR 4.00% INT'L CARDS CO. -7.14% Top Traded Companies by Volume (Shares) Top Traded Companies by Value (JOD) INJAZ 722,063 INJAZ 1,546,883 INT' BROKERAGE 625,090 JOR PHOSPHATE MN 1,221,524 UNION LAND DEV 391,701 UNION LAND DEV 724,853 JOR ELECTREIC PWR 359,613 INT' BROKERAGE 483,255 J D PROPERTIES 312,607 JOR ELECTREIC PWR 426,432
2. Macroeconomic & Corporate News EIB, Housing Bank join forces to support SMEs The European Investment Bank (EIB) is partnering with Housing Bank to support the Jordanian economy with a 100-million-euro line of credit to local private sector businesses that have been severely impacted by the economic consequences of the coronavirus outbreak. The operation represents a coordinated effort with the European Union and forms part of Team Europe’s overall response to the COVID19 crisis, which aims to support sustainable social and economic recovery of the region, according to a statement made available to The Jordan Times. It also falls under the EU-EIB Economic Resilience Initiative (ERI), which amongst its primary objectives, intends to promote private sector development through the support to small- and medium-sized enterprises (SMEs) as key players for generating economic growth and employment opportunities in Jordan. EIB Vice President Dario Scannapieco said: “It is one of the EIB’s top priorities to support the resilience of the private sector during this unprecedented crisis with the provision of most needed funding through our cooperation with the Jordanian banking sector. Our partnership with Housing Bank for Trade and Finance aims to make available vital financing local businesses to help them cope with the economic impact of the Covid-19 pandemic. “As part of the Team Europe response, we are committed to stepping up our support for Jordan to address the immediate challenges caused by the pandemic, as well as laying the foundations for a successful economic recovery after the crisis.” Economists hail gov’t decision to employ foreign workers in agriculture sector Economists on Saturday welcomed the recent decisions by the Labour Ministry to boost the agriculture sector and eliminate all the obstacles facing it due to the COVID-19 crisis. On Saturday, Labour Minister and Minister of State for Investment Affairs Maen Qatamin met with union leaders and figures from the private and public agriculture sector to discuss the challenges facing their growth and production process. One of the major decisions adopted by the government during the meeting was allowing the employment of foreign workers in the agriculture work for the next six months. “The government had stopped accepting foreign labourers in this field for the past three years and this has created a burden on the agriculture sector since the available foreign workers in Jordan are not enough to cover this sector,” economist Musa Saket said. “This good decision” will secure more foreign labourers and result in lowering their fees that were very expensive due to the lack of workers in this field, Saket told The Jordan Times. * Source: 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.