Amman Stock Exchange Daily Report - 18 April

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1. Amman Stock Exchange 18-Apr-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,192.80 -0.06% Year-to-Date (YTD) 3.10% Daily Volume (shares) 5,656,791 Daily Turnover (JOD) 4,050,004 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies BARTER CO FOR INVESTMENT & T REAL ESTATE DEVELOPMENT JORDAN DUTY FREE SHOP UNITED CABLE INDUSTRIES CO UNITED CABLE INDUSTRIES CO Worst Performing Companies % Change 2.63 1.89 1.75 1.72 1.72 Top Traded Companies by Volume (Shares) AL-TAJAMOUAT FOR CATERING HS AL-TAJAMOUAT FOR TOURISTIC P COMPREHENSIVE LAND DEVELOPME SABA'EK INVESTMENT REAL ESTATE DEVELOPMENT * Source: Bloomberg 1,090,260 680,511 497,000 310,200 206,009 JORDANIAN EXPATRIATES INV HL ARAB ORIENT INSURANCE CO RUMM FINANCIAL BROKERAGE ARABIAN STEEL PIPES CENTURY INVESTMENT GROUP - % Change (3.77) (4.21) (4.32) (4.50) (4.80) Top Traded Companies by Value (JOD) AL-TAJAMOUAT FOR CATERING HS COMPREHENSIVE LAND DEVELOPME UNION TOBACCO & CIGARETTE AL-TAJAMOUAT FOR TOURISTIC P JORDAN DUTY FREE SHOP 392,641 382,615 282,183 260,442 234,445
2. Macroeconomic & Corporate News SSC money, assets utterly safe, protected — Mulki Prime Minister Hani Mulki on Tuesday stressed that neither the government nor any other party interferes in the Social Security Investment Fund (SSIF), which administers assets worth more than JD9 billion. During Tuesday’s Lower House general session dedicated to discuss the situation and future of SSIF, Mulki said: “It cannot be that the government is fully trusted to take decisions concerning state-owned lands worth billions and not trustworthy enough when it comes to the funds and assets of the SSIF.” Mulki said that nothing has changed in the SSIF’s investment policies, which are set by the SSC board and executed by the fund. “The SSIF has all the freedom to manage its investments,” he reasserted. “It is not possible for the fund to take permission for every share it buys,” he said, in an apparent reference to a demand by some lawmakers that the SSC board should call the shots on SSIF IMF expects slight but steady economic growth through 2019 The International Monetary Fund’s (IMF) World Economic Report that was issued on Tuesday expected the economic growth in the Kingdom to go up from 2.3 per cent in 2017 to 2.5 per cent in 2018, reaching to 2.7 per cent by 2019. These projections came in the report reviewed by Maurice Obstfeld, chief economist at IMF, in a joint conference with Gian Maria Milesi-Ferretti, deputy director in the IMF Research Department, and Malhar Nabar, deputy division chief of the IMF World Economic Studies Division, the Jordan News Agency, Petra, reported. The report, showcased on the sidelines of the IMF Spring meetings, anticipated a decline in the Kingdom’s consumer prices index from 3.3 per cent in 2017 to 1.5 per cent in 2018, to rise again to 2.5 per cent in 2019. Meanwhile, IMF projected Jordan’s current account balance to decrease from minus 8.7 per cent in 2017 to minus 8.5 and minus 7.9 per cent in 2018 and 2019 respectively, according to the report, a copy of which was seen by The Jordan Times. Gold prices spike as new tax comes into force Prices of gold at the local market increased by JD0.50 per gramme after levying a new tax on stamp, a sector leader said. The government recently imposed a 16 per cent fees on the JD0.75 stamp for each gramme, which took effect on Sunday. The hike was slowed down by the decline of the international price of gold ounce after the recent US strike against Syria were found to be less influential than economists’ expectations, Jordan Jewellers Association’s Secretary General Ribhy Allan told The Jordan Times on Tuesday. Before the strike on Friday, the ounce price jumped to $1,365 while it plummeted down to $1,335 after the strike and currently settled at $1,345, according to the secretary. * 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.