Amman Stock Exchange Daily Report - 15 May

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1. Amman Stock Exchange 15-May-17 Close AMMAN SE GENERAL INDEX 2 ,157.66 % Change Year-to-Date (YTD) 0.40% -0.58% Daily Volume (shares) 2,677,588 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers UNION TOBACCO & CIGARETTE UNION INVESTMENT CORP UNION LAND DEVELOPMENT CORP ALIA THE ROYAL JORDANIAN AIR UNITED IRON & STEEL MANUFACT % Change 4.96 4.86 4.69 4.65 4.55 Top Traded Companies by Value UNION TOBACCO & CIGARETTE UNION LAND DEVELOPMENT CORP JORDAN PETROLEUM REFINERY CO UNION INVESTMENT CORP SPECIALIZED INVESTMENT COMPO * Source: Bloomberg Worst Performers ITTIHAD SCHOOLS COMPANY NATL PORTFOLIO SECURITIES ISRAA ISLAMIC FINANCIAL AL-TAJAMOUAT FOR CATERING HS INVEST BANK CO % Change (3.13) (3.33) (3.92) (5.00) (5.16) Top Traded Companies by Volume Value traded (JOD) 586,432.60 416,373.70 326,996.30 326,168.70 292,607.00 Volume traded (Shares) SPECIALIZED INVESTMENT COMPO 298,209 AL-TAJAMOUAT FOR CATERING HS 264,300 UNION INVESTMENT CORP 218,914 MASAFAT FOR SPECIALIZED TRAN 185,326 JORDAN STEEL 176,260
2. Macroeconomic & Corporate News EBRD gives $10mln credit to Jordan Ahli Bank for loans to SMEs The European Bank for Reconstruction and Development (EBRD) on Monday announced a $ 10 million credit line to Jordan Ahli Bank for “on-lending” to micro, small-and medium-sized enterprises (SMEs), according to an EBRD statement. The EBRD’s funding will increase available finance to Jordanian small enterprises, which are currently under-served by the local banking sector, the statement continued, adding that the bank will also extend $1million for technical assistance to reinforce Jordan Ahli Bank’s efforts to enhance SME lending, specifically for women, and facilitate the transfer of international best practice, knowledge and skills. “The SMEs sector is a priority for the EBRD, as it is the backbone of the economy and generates employment opportunities for all segments of the population,” Heike Harmgart, EBRD head of office in Jordan, was quoted in the statement as saying. AZADEA Group invests millions to launch its first-ever Shared Service Center in Jordan AZADEA Group, the premier lifestyle retail company, managing 50+ brands in 13 Levant countries, has launched the first-ofits-kind Shared Service Center in Jordan providing job opportunities to Jordanian citizens and further positioning the country as a destination of choice for foreign investments. With an initial investment of more than $8 million, the AZADEA Shared Service Center (ASSC) will cater to the needs of AZADEA’s operations in eight markets across the Middle East including Jordan, Bahrain, KSA, Kuwait, Lebanon, Oman, Qatar and UAE, providing support across four primary shared business functions: accounting, payroll, stock management, and supply planning. “At AZADEA, we’ve been creating a culture of possibilities and empowerment for more than 12,000 employees across the region for nearly 40 years,” said Walid Chahine, Chief Operating Officer, AZADEA Group. King inaugurates JD400m solar energy projects His Majesty King Abdullah on Sunday inaugurated several solar energy projects, which include 12 photovoltaic power stations set to generate 200 megawatts of electricity at a cost of more than JD400 million, according to a Royal Court statement. The initial phase of the projects will include building the first solar thermal park, which will extend on a 5-square kilometres plot in Maan Development Area and will incorporate 10 plants with a generation capacity of 170MW. The 11th plant will be housed in the Aqaba Special Economic Zone Authority, with an electricity generation capacity of 10MW. The 12th plant will be implemented in Hosha area in Mafraq Governorate, at a capacity of 20MW. * 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.