Amman Stock Exchange Daily Report - 17 November

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1. Amman Stock Exchange 17-Nov-19 AMMAN SE GENERAL INDEX 1 ,910 Close % Change 1,798.48 -0.47% Year-to-Date (YTD) -5.78% Daily Volume (shares) 4,332,058 Daily Turnover (JOD) 2,997,182 6 MONTHS INDEX PERFORMANCE 1,890 1,870 1,850 1,830 1,810 1,790 1,770 1,750 Best Performing Companies ARABIAN STEEL PIPES ARAB EAST INVESTMENT RUM TOURIST TRANSPORTATION C AL-AMIN FOR INVESTMENT REAL ESTATE DEVELOPMENT Worst Performing Companies % Change 7.14 4.26 4.00 3.26 3.23 Top Traded Companies by Volume (Shares) REAL ESTATE DEVELOPMENT ARABIAN STEEL PIPES ARAB EAST INVESTMENT RUM TOURIST TRANSPORTATION C ARAB EAST FOR REAL ESTATE IN * Source: Bloomberg DAR AL DAWA DEVELOPMENT &INV BARTER CO FOR INVESTMENT & T NOOR CAPITAL MARKETS FOR DIV NATIONAL CABLE & WIRE MANUF SPECIALIZED INVESTMENT COMPO % Change (4.31) (5.00) (5.00) (5.88) (6.98) Top Traded Companies by Value (JOD) 901,734 556,018 318,256 292,350 261,250 ARABIAN STEEL PIPES ARAB BANK PLC REAL ESTATE DEVELOPMENT ARAB EAST FOR REAL ESTATE IN UNION INVESTMENT CORP 389,310 271,164 271,007 258,383 239,035
2. Macroeconomic & Corporate News Amman trade chamber sees decline in issuance of 2019 certificates of origin The Amman Chamber of Trade issued 33,092 certificates of origin during the first 10 months of 2019, an 11.7-per cent decrease from 37,405 in the same period of 2018. Despite the decline, the chamber’s exports were valued at JD834 million through October, compared with JD827 million during the same period of 2018, representing a 1-per cent increase, according to the Jordan News Agency, Petra. Saudi Arabia was issued the highest number of certificates at 7,190, followed by the UAE, Iraq, Egypt and Lebanon, respectively, according to the chamber’s statistics, while the largest number of exports, valued at JD194 million, went to Iraq, followed by the UAE, Lebanon, Saudi Arabia and Egypt, respectively. Jordan-Iraq electric connection vital link in Arab power chain — Energy minister Within the Arab power connection system, Jordanian-Iraqi electric connection is vital to enhance commercial relations and energy integration, Energy Minister Hala Zawati said on Friday. Commenting on the Iraqi government’s decision to speed up procedures in contracting with Jordan to import electricity, Zawati told the Jordan News Agency, Petra, that Arab electricity connection projects would enhance efforts to develop a joint Arab market that can serve people in the region. The minister also highlighted the importance of such schemes in lowering power costs and establishing safe grids for all participating countries. She praised the Kingdom’s cooperation with Iraq, particularly the resumption of Iraqi oil exports to Jordan through tankers in September, expressing hopes to take steps in implementing the electricity grid with Baghdad and continuing the installation of the BasraAqaba oil pipeline, which is set to export oil from the Rmeilah oil fields in Basra to Aqaba Port. FM, Saudi counterpart discuss ties in tackling regional challenges Foreign Minister Ayman Safadi and his Saudi counterpart Prince Faisal Bin Farhan Al Saud on Thursday discussed the latest developments in the Middle East. On the sidelines of the meeting of the Foreign Ministers of the Global Coalition to Defeat Daesh Terrorist Group, held in Washington, the two ministers stressed the need to develop the “strategic relations” between Amman and Riyadh, the Jordan News Agency, Petra, reported. Safadi and Prince Faisal also agreed to continue coordinating both countries’ stances towards regional challenges in order to realise security and stability in the region and serve the interests of the two countries and their peoples. * 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.