Amman Stock Exchange Daily Report - 16 May

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1. Amman Stock Exchange 16-May-17 Close AMMAN SE GENERAL INDEX 2 ,167.78 % Change Year-to-Date (YTD) 0.47% -0.12% Daily Volume (shares) 4,189,944 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers COMPREHENSIVE LAND DEVELOPME UNION INVESTMENT CORP LAFARGE JORDAN CEMENT INDUSTRIAL COMMERCIAL & AGRI EMMAR INVESTMENTS & REAL EST % Change 4.94 4.64 4.32 4.30 4.17 Top Traded Companies by Value ARAB BANK PLC ARABIAN AVIATION INVESTMENT UNION INVESTMENT CORP AL EQBAL CO FOR INVESTMENT P UNION LAND DEVELOPMENT CORP * Source: Bloomberg Worst Performers AL-RAKAEZ INVESTMENT CO JORDAN PRESS FOUNDATI/AL-RAI JORDAN KUWAIT BANK ITTIHAD SCHOOLS COMPANY ALIA THE ROYAL JORDANIAN AIR % Change (3.03) (3.28) (3.95) (4.03) (4.44) Top Traded Companies by Volume Value traded (JOD) 752,504.60 742,655.40 594,476.30 538,972.30 359,058.90 Volume traded (Shares) AL-TAJAMOUAT FOR CATERING HS 436,760 UNION INVESTMENT CORP 378,932 REAL ESTATE DEVELOPMENT 370,410 JORDAN STEEL 291,800 ARABIAN AVIATION INVESTMENT 251,308
2. Macroeconomic & Corporate News Water Ministry launches $1.1m water project in Zarqa The Ministry of Water and Irrigation on Tuesday launched a $1.1-million project to improve water supply in two areas of Ruseifah District in Zarqa Governorate, 22km northeast of Amman. The project, funded by the Canadian government, seeks to improve water supply in local communities hosting Syrian refugees, said Iyad Dehayyat, the secretary general of the Ministry of Water and Irrigation. In a statement e-mailed to The Jordan Times, Dehayyat indicated that the project will be ready before the end of this year, when water networks and pipelines will be renovated or replaced to reduce water leakage. Jordan stops exports of several vegetables as UAE ban begins Jordanian exporters of agricultural produce have stopped exporting several types of vegetables to the United Arab Emirates and other Gulf countries as a ban on some of Jordan’s produce came into force. Enforcement of the UAE’s decision to ban the import of seven of Jordan’s main types of vegetables started on May 15, according to Zuhair Jweihan, president of the Jordan Exporters and Producers Society for Fruits and Vegetables. “Neither the UAE nor any other Gulf country has returned shipments of Jordanian fruits and vegetables, because exporters are not exporting the types of vegetables prohibited under the new decision in order to avoid losses,” Jweihan told The Jordan Times. IMF praises Jordan’s progress in economic correction The International Monetary Fund (IMF) has praised Jordan’s economic correction measures and the Central Bank of Jordan’s (CBJ) policies geared towards monetary stability. The remarks came as an IMF team, led by Martin Cerisola, concluded a visit to the Kingdom that extended between May 2 and 11 to complete discussions on the 2017 Article IV Consultation and First Review under Jordan’s economic programme supported by an Extended Fund Facility (EFF) arrangement. In the statement, Cerisola commended the authorities' efforts in continuing to gradually remove the general sales tax and customs duties exemptions (excluding health and basic food items) for the years ahead. In addition, “the recent steps by the Central Bank of Jordan to raise its policy rates have helped to better balance the need for preserving an adequate reserves buffer and confidence in the Jordanian dinar peg against the need to provide supportive credit conditions to the economy", Cerisola 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.