Amman Stock Exchange Daily Report - 15 March

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1. Amman Stock Exchange 15-Mar-17 Close AMMAN SE GENERAL INDEX 2 ,226.00 % Change Year-to-Date (YTD) 0.47% 2.57% Daily Volume (shares) 4,846,391 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 ARAB ALUMINIUM INDUSTRY UNION TOBACCO & CIGARETTE JORDAN PHOSPHATE MINES ZARA INVESTMENTS NATIONAL CABLE & WIRE MANUF % Change 7.27 7.27 7.10 4.26 2.94 Top Traded Companies by Value ARAB BANK PLC METHAQ REAL ESTATE INVESTMEN JORDAN PETROLEUM REFINERY CO RUM TOURIST TRANSPORTATION C UNITED FINANCIAL INVESTMENTS * Source: Bloomberg Worst Performers NATL PORTFOLIO SECURITIES FUTURE ARAB INVESTMENT CO AL SANABEL INTERNATIONAL CO MASAFAT FOR SPECIALIZED TRAN ZARKA EDUCATION & INVESTMENT % Change (3.51) (4.76) (5.00) (5.66) (5.66) Top Traded Companies by Volume Value traded (JOD) 1,802,816.00 552,888.00 491,593.40 485,288.10 446,059.60 Volume traded (Shares) RUM TOURIST TRANSPORTATION C 544,450 AL-TAJAMOUAT FOR CATERING HS 459,557 UNITED FINANCIAL INVESTMENTS 443,833 METHAQ REAL ESTATE INVESTMEN 329,100 JORDAN STEEL 276,748
2. Macroeconomic & Corporate News EBRD invests $1bn in Jordan Manager of the Business Advisory Services (BAS) Program in the European Bank for Reconstruction and Development's (EBRD) Amman office, Khaled Alsaheb said that the volume of the bank investments in the Kingdom stood at $1 billion over the past four years. He said that the bank started its operations in Jordan in late 2012, adding that it provided business advice to 191 projects and contributed to creating job opportunities through these projects. Alsaheb made his remarks, during a ceremony to mark the fourth anniversary of the establishment of the bank's office in Amman. He said that supporting small and medium sized ventures is one of the pillars of the bank's strategy in the Kingdom, adding that it aims through this program to enhance economic flexibility and creating job opportunities for the youth and women. IMF mission acknowledges challenges to economy, pledges support The International Monetary Fund (IMF) has acknowledged the difficulties facing Jordan’s economy, and pledged continued dialogue and support for the government’s economic reform plans. In the end-of-mission press release upon the conclusion of its visit and talks in Jordan, the IMF country team, led by Martin Cerisola, said that Jordan continues to face a difficult external environment. “The conflicts in Syria and Iraq continue to weigh on its economy, with growth expected at around 2 per cent in 2016 and unemployment increasing to 15.3 per cent. Inflation has accelerated to 2.5 per cent [year-on-year (y/y]in January and to 4.6 per cent [y/y] in February, reflecting higher global food prices and the one-off impact of the fiscal measures. The overall fiscal deficit is estimated at 3.6 per cent of GDP in 2016 and is projected to decline to less than 3 per cent in 2017 in light of fiscal measures underpinning the 2017 budget,” said Cerisola in the statement, a copy of which was obtained by The Jordan Times. The team visited Amman from March 5-9 to take stock of recent economic developments and discuss with the authorities their planned economic policies for 2017 and beyond. ‘Advice for Small Businesses programme increases sales for small, medium businesses’ Over four years, the Advice for Small Businesses (ASB) programme has helped 171 businesses in local consultancy and 20 others in international advisory, a senior official at the programme said on Tuesday. ASB Manager Khaled Saheb, speaking at an event marking the fourth anniversary of the programme, cited figures showing that 81 per cent of their clients increased their sales, with an average increase of 29 per cent. In addition, 55 per cent of all clients increased their exports by an average of 25 per cent. In addition, 65 per cent of ASB clients increased their employee numbers by an average of 12 per cent. Offered by the European Bank for Reconstruction and Development (EBRD), the ASB offers diversified market advice by working with local and international consultants, who have expertise in the field of organisational development and business growth, as well as proven track records in increasing sales, employment and productivity. * 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.