Amman Stock Exchange Daily Report - 16 January

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1. Amman Stock Exchange 16-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,173.44 % Change Year-to-Date (YTD) 0.15% 1.74% Daily Volume (shares) 3,569,299 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers AL-BILAD MEDICAL SERVICES NATL PORTFOLIO SECURITIES SALAM INTL TRANSPORT & TRAD AL SANABEL INTERNATIONAL CO MASAFAT FOR SPECIALIZED TRAN % Change 5.26 4.92 4.26 3.53 3.51 Top Traded Companies by Value SPECIALIZED INVESTMENT COMPO AL AMAL FINANCIAL INVESTMENT ARAB BANK PLC AD-DULAYL INDUSTRIAL PARK CO JORDAN PETROLEUM REFINERY CO * Source: Bloomberg Worst Performers AL AMAL FINANCIAL INVESTMENT UNITED CABLE INDUSTRIES CO AL-AMIN FOR INVESTMENT SPECIALIZED INVESTMENT COMPO INDUSTRIAL COMMERCIAL & AGRI % Change (2.38) (2.70) (2.94) (4.35) (4.79) Top Traded Companies by Volume Value traded (JOD) 755,405.80 616,827.80 194,917.50 186,384.30 169,193.70 Volume traded (Shares) AL AMAL FINANCIAL INVESTMENT 750,017 SPECIALIZED INVESTMENT COMPO 555,077 AD-DULAYL INDUSTRIAL PARK CO 366,430 ARAB EAST INVESTMENT 206,045 SALAM INTL TRANSPORT & TRAD 167,024
2. Macroeconomic & Corporate News Lower House continues budget bill discussions The Lower House held two sessions on Monday as debate continued over the draft laws for the state budget and the budgets of independent government units. Most MPs who took the podium on Monday urged the government to seek new solutions instead of increasing taxes and prices. Many MPs agreed that government cost-control and rationing the expenses of ministries and institutions are priorities.Lawmakers also suggested stimulating the economy by encouraging local and foreign investments, alongside better management of independent public units. Unemployment and poverty levels, which reached record highs in the past 15 years, were two of the most urgent issues addressed by MPs, who suggested raising the minimum wage of retired public servants and army personnel and creating new job opportunities for young people. Jordan tourism revenues stable at $4 bln last year despite militant attacks AMMAN, Jan 16 (Reuters) - Jordan's tourism sector has proved resilient with revenues stable at $4 billion in 2016 year against the previous year despite several militant attacks, the tourism minister said on Monday. Jordan hosted last year 3.8 million foreign visitors who spent in the country at least one night, a rise of 2.6 percent from the previous year, according to Lina Annab. Annab said the sector was so far able to cushion itself from the repercussions of an attack last month in the southern city of Karak, with few signs of any significant drop in tourist arrivals from the region or Europe. Tourism is one of the country's main sources of foreign currency and constitutes around 10 percent of the country's GDP. Investors have poured billions of dollars in the past decade into a string of hotels across the country. Saudi's ACWA Power to develop new solar plant in Jordan KHOBAR, Saudi Arabia, Jan 16 (Reuters) - Jordan has awarded Saudi Arabia's ACWA Power a contract to develop a 61.3 megawatt peak (MWP) photovoltaic project, which will generate enough electricity for 12,000 households, the Saudi firm said on Monday. ACWA Power gave no value for the contract but said in a statement the 42 fils per kilowatt hour it submitted was the lowest for solar energy ever presented for a Jordan-based project. MWP is a measuring unit for the maximum output of a photovoltaic power plant. The project in Risha, eastern Jordan, will be completed in the first quarter of 2019. ACWA, a water and power plant developer, will also finance, build, own and operate the project, which will be the eighth power plant built by the company in Jordan, it added. * 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.