Amman Stock Exchange Daily Report - 14 May

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1. Amman Stock Exchange 14-May-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,134.14 -0.12% Year-to-Date (YTD) 0.35% Daily Volume (shares) 3,366,944 Daily Turnover (JOD) 4,083,849 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies RUM TOURIST TRANSPORTATION C DEERA INVESTMENT & REAL ESTA NUTRI DAR RUMM FINANCIAL BROKERAGE BARTER CO FOR INVESTMENT & T Worst Performing Companies % Change 3.85 3.80 3.45 3.18 2.94 Top Traded Companies by Volume (Shares) SURA DEVELOPMENT AND INVESTM RUM TOURIST TRANSPORTATION C INTERMEDIATE PETROCHEMICHALS SPECIALIZED INVESTMENT COMPO ARAB EAST INVESTMENT * Source: Bloomberg JORDAN INTL INSURANCE TUHAMA FOR FINANCIAL INVESTM AMAD INVESTMENT & REAL ESTAT JORDAN EXPRESS TOURISM TRANS JORDAN TRADE - FACILITIES % Change (2.33) (2.74) (4.08) (4.76) (4.92) Top Traded Companies by Value (JOD) 456,112 361,420 272,000 231,950 168,511 ARAB BANK PLC AL EQBAL CO FOR INVESTMENT P RUM TOURIST TRANSPORTATION C JORDAN PETROLEUM REFINERY CO JORDAN PHOSPHATE MINES 868,610 361,253 290,730 259,756 247,973
2. Macroeconomic & Corporate News Chamber of Commerce to discuss amended income tax draft law The Jordan Chamber of Commerce will hold a dialogue meeting next Tuesday to discuss the amended draft law on the income tax for 2018, the Jordan News Agency, Petra, reported on Sunday.Chairman of the Chamber of Commerce Nael Kabariti said that this meeting came from the chamber’s keenness to enhance participation and coordination with private sector representatives in order to achieve national economic interests and to open doors for dialogue and consultation in law amendments that concern the private sector in Jordan.Kabariti stressed that any amendments to the draft Income Tax Law should be part of an economic reform plan without adversely affecting the economic activity in the Kingdom, which is already suffering from difficult conditions due to the political events taking place in the region.Jordan Furniture Exporters and Manufacturers Association demanded in a press statement on Sunday to wait before proceeding with the new draft tax law adoption because of its negative impact on the national economy and the investment environment. 275% increase in e-FAWATEER.com payments since January Payments made through e-FAWATEER.com in the first four months of 2018 stood at JD2.119 billion, marking a 275 per cent increase, when compared to the same period of 2017, which registered JD593 million, the Central Bank of Jordan (CBJ) announced on Sunday.According to CBJ data, cited by the Jordan News Agency, Petra, the number of bills paid through the online system in the January-April period of 2018 rose to 2.718 million, compared to 1.153 million bills paid in the same period of 2017, marking a 135 per cent increase.E-FAWATEER.com, run by the CBJ, is a central system which allows the reviewing and paying of bills, as well as other electronic services through linking public and private institutions of various sectors on one side, and banks and payment service providers on the other.The system provides access to all electronic payment methods related to banks such as branches, ATMs, telephone and Internet banking, and payment through mobile and kiosk devices. Jordan, Italy sign development cooperation framework agreement Planning and International Cooperation Minister Imad Fakhoury and Italian Ambassador to Jordan Giovanni Brauzzi on Sunday signed the Development Cooperation Framework Agreement between the Government of Jordan and the Government of Italy, a Planning Ministry statement said.The agreement sets the criteria through which Italy will support Jordan in implementing development programmes and pursuing development goals, and is set to replace the previous agreement on technical cooperation signed in Amman on June 1965, according to Fakhoury.The minister said that the agreement focuses on enhancing development cooperation between the two countries, supporting Jordanian national strategies and raising the efficiency of Italian aid provided to Jordan in line with international principles and commitments stemming from Italy’s membership in the EU. The agreement also includes establishing a three-year aid programme defining priority sectors and projects. * 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.