Amman Stock Exchange Daily Report - 19 April

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1. Amman Stock Exchange 19-Apr-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,185.96 -0.06% Year-to-Date (YTD) 2.78% Daily Volume (shares) 3,100,000 Daily Turnover (JOD) 2,700,000 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies INDUSTRIAL COMMERCIAL & AGRI CENTURY INVESTMENT GROUP BINDAR TRADING & INVESTMENT JORDANIAN REAL ESTATE FOR DE RUMM FINANCIAL BROKERAGE Worst Performing Companies % Change 4.44 4.13 4.11 4.00 3.76 Top Traded Companies by Volume (Shares) AL-TAJAMOUAT FOR TOURISTIC P AL-TAJAMOUAT FOR CATERING HS BARTER CO FOR INVESTMENT & T CAPITAL BANK OF JORDAN METHAQ REAL ESTATE INVESTMEN * Source: Bloomberg 305,525 267,569 228,570 195,394 96,914 REAL ESTATE DEVELOPMENT OFFTEC HOLDING GROUP PLC SALAM INTL TRANSPORT & TRAD JORDANIAN EXPATRIATES INV HL JORDAN EXPRESS TOURISM TRANS - % Change (1.85) (1.92) (3.57) (3.92) (4.76) Top Traded Companies by Value (JOD) CAPITAL BANK OF JORDAN METHAQ REAL ESTATE INVESTMEN ARAB BANK PLC UNION TOBACCO & CIGARETTE AL-TAJAMOUAT FOR TOURISTIC P 204,532 190,921 160,758 132,540 117,807
2. Macroeconomic & Corporate News World Bank forecast for Jordan’s GDP growth ‘realistic’ — pundits A day after the World Bank forecast that Jordan’s economy is expected to increase by 2.4 per cent in 2018, economists on Wednesday said that such a “low” prediction is “realistic” as there will be no breakthroughs ushering in better economic performance this year.The World Bank report, e-mailed to The Jordan Times, indicated that Jordan’s gross domestic product is expected to increase by 2.5 per cent in 2019 from 2.1 per cent in 2017 The report said that improvements seen in tourism, mining and quarrying are expected to have driven a timid improvement in growth in 2017. However, the economy remains burdened with ongoing uncertainty in Syria, slow revival of economic cooperation with Iraq and an economic slowdown in the Gulf Cooperation Council. In addition, the economy is subject to a slow pace of structural reforms that is impeding a strong recovery in growth, the report indicated. SSC achieves JD611m surplus in 2017 The Social Security Corporation (SSC) in 2017 achieved a surplus in subscription insurance that amounted to JD611 million, while insurance expenditure stood at JD965 million, SSC spokesperson Musa Sbeihi said on Wednesday. During a visit to SSC Salt branch, Sbeihi said the corporation expects the subscription insurance to achieve a surplus of JD645 million in 2018, the Jordan News Agency, Petra, reported. He added that the value of the SSC’s investment portfolio stood by the end of 2017 at JD9.239 billion, compared with JD8.325 billion by the end of 2016, marking an 11 per cent increase of JD914 million. SSC investments in 2017 generated an income of JD360 million, up by JD44 million when compared with the 2016’s figure of JD315 million, marking a 14 per cent hike, Sbeihi added. Jordan, Austria discuss ways to advance ties, coordination His Majesty King Abdullah on Wednesday discussed with President of Austria Alexander Van der Bellen means to enhance bilateral cooperation and the latest regional and international developments.Following a one-on-one meeting, His Majesty and the president held expanded talks that were attended by Her Majesty Queen Rania, the president’s wife Doris Schmidauer and senior officials.The talks, held at Al Husseiniya Palace, covered opportunities to increase trade exchange and enhance economic cooperation, especially in the field of technical education, agriculture and tourism, a Royal Court statement said.King Abdullah and President Van der Bellen stressed the importance of building public-private sector partnerships in both countries and benefitting from the Austrian expertise in the fields of vocational training, business incubators and entrepreneurship, in addition to opening new markets for Jordanian products.The talks also covered coordination between the two countries over issues of mutual interest to contribute to realising peace and enhancing security in the region and the world. * 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.