Amman Stock Exchange Daily Report - 17 October

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1. Amman Stock Exchange 17-Oct-19 AMMAN SE GENERAL INDEX 1 ,910 Close % Change 1,819.14 0.08% Year-to-Date (YTD) -4.70% Daily Volume (shares) 4,282,723 Daily Turnover (JOD) 4,802,467 6 MONTHS INDEX PERFORMANCE 1,890 1,870 1,850 1,830 1,810 1,790 1,770 1,750 Best Performing Companies EMMAR INVESTMENTS & REAL EST ARAB INTERNATIONAL HOTELS BABELON INVESTMENTS CO PLC UNITED CABLE INDUSTRIES CO SALAM INTL TRANSPORT & TRAD Worst Performing Companies % Change 5.88 4.76 4.35 4.26 4.08 Top Traded Companies by Volume (Shares) RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO JORDANIAN ELECTRIC POWER UNITED CABLE INDUSTRIES CO BABELON INVESTMENTS CO PLC * Source: Bloomberg TUHAMA FOR FINANCIAL INVESTM AL-TAJAMOUAT FOR CATERING HS MASAFAT FOR SPECIALIZED TRAN HIGH PERFORMANCE REAL ESTAT INTL CO FOR MEDICAL INVEST % Change (2.70) (2.86) (2.86) (3.70) (4.73) Top Traded Companies by Value (JOD) 990,493 591,284 299,251 212,810 176,202 SPECIALIZED INVESTMENT COMPO RUM TOURIST TRANSPORTATION C JORDANIAN ELECTRIC POWER METHAQ REAL ESTATE INVESTMEN CENTURY INVESTMENT GROUP 1,219,739 574,289 374,064 372,433 328,171
2. Macroeconomic & Corporate News Dialogue held to accelerate start-ups TechStars Hub71, in cooperation with the ICT Association of Jordan (Intaj), has held a dialogue session to familiarise Jordanian startups with the Techstars Hub71 Accelerator Programme. Scheduled to launch in Abu Dhabi during the first quarter of 2020, Techstars Hub71 Accelerator Programme offers 10 successful start-ups Arab accelerators' highest level of funding at $120,000, according to an Intaj statement on Wednesday. Techstars Hub71 Accelerator Programme was designed to help startups improve their products in various fields, gain access to customers and receive training, Programme Manager Dania Shahin said in the statement. Besides providing funding for startups that are successful in their application, the programme aims to “put successful startups in the fast lane” by accelerating their business models, as well as conveying their ideas to global investors, she added, noting that the Techstars Hub71 is a mentorship-driven accelerator programme.Expressing trust in Jordanian startups, Vijay Tirathrai, Techstars Hub71 Accelerator managing director, said: “We came to Jordan to meet the largest number of Jordanian companies that have regional growth potential. Tirathrai also lauded cooperation among influencers, investors and startups aimed at introducing local entrepreneurs on the global stage, according to the statement. IMF warns global outlook ‘precarious’, no room for policy mistakes The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war undercuts business confidence and investment, the International Monetary Fund said on Tuesday. It warned that the outlook is beset by risks, and urged policymakers to work to find resolutions to trade disputes, since there are limited tools to respond to a new crisis. "With a synchronised slowdown and uncertain recovery, the global outlook remains precarious," International Monetary Fund (IMF) chief economist Gita Gopinath said in her introduction to the latest forecasts. The IMF for the past year has every three months cut projected growth for 2019 as trade conflicts worsened. In its latest World Economic Outlook (WEO) it trimmed the estimate by another two-tenths, to 3 per cent. The report also lowered the 2020 forecast by a tenth to 3.4 per cent. "At 3 per cent growth, there is no room for policy mistakes and an urgent need for policymakers to cooperatively deescalate trade and geopolitical tensions," Gopinath said. In addition, the trade conflicts and a slowdown in auto sales worldwide means trade growth has slowed sharply, falling in the first half of the year to its weakest since 2012, with an estimated increase of just 1.1 per cent this year after a 3.6 per cent jump in 2018. * 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.