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Amman Stock Exchange Daily Report - 14 January

IM Insights
By IM Insights
6 months ago
Amman Stock Exchange Daily Report - 14 January

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  1. Amman Stock Exchange 14-Jan-20 AMMAN SE GENERAL INDEX 1 ,910 Close % Change 1,829.68 0.24% Year-to-Date (YTD) -4.15% Daily Volume (shares) 3,789,511 Daily Turnover (JOD) 3,854,317 6 MONTHS INDEX PERFORMANCE 1,890 1,870 1,850 1,830 1,810 1,790 1,770 1,750 Best Performing Companies EMMAR INVESTMENTS & REAL EST ZARA INVESTMENTS SPECIALIZED INVESTMENT COMPO DAR AL DAWA DEVELOPMENT &INV ARAB EAST FOR REAL ESTATE IN Worst Performing Companies % Change 6.25 4.76 4.71 4.50 4.30 Top Traded Companies by Volume (Shares) SPECIALIZED INVESTMENT COMPO AD-DULAYL INDUSTRIAL PARK CO AL-TAJAMOUAT FOR CATERING HS UNION INVESTMENT CORP UNION LAND DEVELOPMENT CORP * Source: Bloomberg 511,710 433,645 344,518 262,451 222,540 SURA DEVELOPMENT AND INVESTM JORDAN PRESS FOUNDATI/AL-RAI UNION TOBACCO & CIGARETTE IRBID DISTRICT ELECTRICITY AL-DAWLIYA HOTELS & MALLS % Change (3.45) (4.00) (4.38) (5.19) (6.78) Top Traded Companies by Value (JOD) SPECIALIZED INVESTMENT COMPO METHAQ REAL ESTATE INVESTMEN UNION LAND DEVELOPMENT CORP UNION INVESTMENT CORP ARAB INVESTORS UNION CO. 888,276 431,690 322,210 307,599 250,881
  2. Macroeconomic & Corporate News Raw phosphate production increased by 1.2 million tonnes in 2019 — JPMC The production volume of raw phosphate in 2019 increased by 1.2 million tonnes to 9,231,125 tonnes, compared with 8,022,399 tonnes in 2018, Chairman of the Jordan Phosphate Mines Company (JPMC) Muhammad Thneibat said on Monday. Thneibat noted that the company and its affiliates achieved “record numbers” in terms of production and sales, the Jordan News Agency, Petra, reported. He added that last year’s sales volume of raw phosphate went up by one million tonnes to 9,073,094, compared with 8,062,798 tonnes in 2018. The Indo-Jordanian Chemicals Company, which is fully owned by the JPMC, in 2019 recorded the “highest annual production rate of phosphoric acid ever”, standing at 260,361 tonnes and exceeding the design capacity of the company’s factories, which is 224,000 tonnes, Thneibat noted. The chairman added that the Jordanian-Indian Fertilisers Company’s production of phosphoric acid in 2019 went up to 491,950 tonnes from 476,200 tonnes in 2018, while sales increased from 466,346 tonnes in 2018 to 521,243 tonnes in 2019. The JPMC board of directors had earlier endorsed the 2020 production plan, which included producing 10 million tonnes of raw phosphate, according to Petra. Safadi, German FM discuss support, regional developments The Kingdom counts on aid that is systematic and based on a clear and fixed policy, Foreign Minister Ayman Safadi said on Monday, expressing his appreciation for such support from Germany, Jordan's second-largest economic supporter. During a joint press conference with his German counterpart Heiko Maas in Amman, Safadi said that protecting Iraq and its people and supporting its security and stability is a priority to Jordan and central to the security of the entire region, the Jordan News Agency, Petra, reported. Investment forum discusses measures to expand Jordan-Morocco economic relations The Jordanian-Moroccan Investment Forum on Monday discussed expanding commercial and investment partnerships as well as major challenges facing bilateral trade. The forum, held in Amman, witnessed the signing of an agreement to establish the Joint JordanianMoroccan Business Council, which was signed by the President of the Jordanian Businessmen Association Hamdi Tabaa and President of the General Union for Moroccan Contracting Muhammad Bashiri. It also saw bilateral work meetings on the two countries’ investment fields and the presentation of opportunities in the sectors of transport, tourism, information technology, renewable energy and healthcare, among others, the Jordan News Agency, Petra, reported. * 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.