Amman Stock Exchange Daily Report - 16 January

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1. Amman Stock Exchange 16-Jan-18 AMMAN SE GENERAL INDEX 2 ,200 Close % Change 2,142.60 0.48% Year-to-Date (YTD) 0.74% Daily Volume (shares) 3,752,516 Daily Turnover (JOD) 3,638,049 6 MONTHS INDEX PERFORMANCE 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies JORDAN PETROLEUM REFINERY CO JORDAN STEEL BARTER CO FOR INVESTMENT & T DEERA INVESTMENT & REAL ESTA JORDANIAN ELECTRIC POWER Worst Performing Companies % Change 3.85 3.57 2.70 2.35 2.29 Top Traded Companies by Value (JOD) JORDAN PETROLEUM REFINERY CO CENTURY INVESTMENT GROUP UNION INVESTMENT CORP JORDAN STEEL ARAB EAST INVESTMENT * Source: Bloomberg AL-RAKAEZ INVESTMENT CO INTL CO FOR MEDICAL INVEST REAL ESTATE DEVELOPMENT JORDAN MASAKEN FOR LAND & IN FUTURE ARAB INVESTMENT CO % Change (2.70) (3.95) (4.08) (4.99) (5.00) Top Traded Companies by Volume (Shares) 545,060 376,816 313,494 268,356 208,644 JORDAN STEEL ARAB EAST INVESTMENT UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO CENTURY INVESTMENT GROUP 465,768 393,650 263,589 206,117 162,865
2. Macroeconomic & Corporate News King to partake in three-way summit in Cyprus His Majesty King Abdullah on Tuesday will participate in the Tripartite Summit hosted by Cypriot President Nicos Anastasiades and Greek Prime Minister Alexis Tsipras, according to a Royal Court statement. During the three-way summit, the leaders will discuss prospects of joint cooperation between Jordan , Cyprus and Greece and the current developments in the Middle East, in addition to signing a number of bilateral and trilateral agreements and memorandums in various areas and sectors, such as renewable energy, economy, health, agriculture, higher education, culture and maritime navigation. The summit, in which Jordan will be taking part for the first time, constitutes a “fundamental pillar for closer strategic cooperation between Jordan, Cyprus and Greece at different levels, therefore it contributes to reinforcing joint action and serves the interests of citizens in these countries”, the statement said. The delegation accompanying His Majesty will include Prime Minister Hani Mulki, Royal Court Chief Fayez Tarawneh, Foreign Minister Ayman Safadi, Minister of Planning and International Cooperation Imad Fakhoury and Energy Minister Saleh Kharabsheh. Senate endorses budget draft law without changes The Senate on Monday endorsed the 2018 draft state budget and budgets of independent government units draft laws as referred from the Lower House, the Jordan News Agency, Petra, reported. The endorsement came as the Upper House accepted the recommendations of its Finance and Economy Committee. During a speech following the vote, Senate President Faisal Fayez said the senators understand the economic challenges that Jordan is passing through which are affecting the livelihoods of citizens due to regional conflicts and the dwindling foreign aid to the Kingdom , He stressed the importance of drafting plans and strategies by the government to face the challenges ensuing from the regional situation, achieve self-reliance and encourage investment to stimulate economy. The bill is now awaiting the King’s endorsement and publishing in the Official Gazette to go into effect. The budget was endorsed by the Lower House on January 2 with a majority of 58 votes, in a session that witnessed a boycott of around 30 MPs. IMF official visits Experts Society of Income and Sales Tax Rob Woods, Technical Adviser at the International Monetary Fund (IMF), on Monday visited the Experts Society of Income and Sales Tax and discussed with its members international practices in implementing tax policies and the best international standards followed in the field. The meeting focused on strengths and weaknesses while implementing laws and a comparison between the Kingdom’s income tax mandatory legislations and other countries, the Jordan News Agency, Petra, reported. Society members presented proposals on mandatory legislations and means of dealing with them. * 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.