Amman Stock Exchange Daily Report - 19 February

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1. Amman Stock Exchange 19-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,204.07 % Change Year-to-Date (YTD) -0.41% 1.56% Daily Volume (shares) 6,000,287 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers JORDAN NATL SHIPPING LINES ARABIAN STEEL PIPES AL SANABEL INTERNATIONAL CO UNITED IRON & STEEL MANUFACT EMMAR INVESTMENTS & REAL EST % Change 5.71 4.81 4.35 4.11 4.00 Top Traded Companies by Value AL AMAL FINANCIAL INVESTMENT AD-DULAYL INDUSTRIAL PARK CO SPECIALIZED INVESTMENT COMPO JORDAN PETROLEUM REFINERY CO ARAB BANK PLC * Source: Bloomberg Worst Performers ARAB PESTICIDE AND VETERINAR AD-DULAYL INDUSTRIAL PARK CO NATIONAL CHLORINE ARAB ALUMINIUM INDUSTRY READY MIX CONCRETE & CONSTR % Change (3.90) (4.26) (4.69) (4.69) (6.72) Top Traded Companies by Volume Value traded (JOD) 2,062,038.00 260,574.90 247,753.40 237,310.70 228,012.50 Volume traded (Shares) AL AMAL FINANCIAL INVESTMENT 2,888,404 AD-DULAYL INDUSTRIAL PARK CO 572,728 BARTER CO FOR INVESTMENT & T 314,995 SPECIALIZED INVESTMENT COMPO 222,249 JORDAN STEEL 210,658
2. Macroeconomic & Corporate News Price hikes to help narrow budget deficit — House committee The Lower House committee to follow up on prices has estimated that the total revenues to be generated by the latest price and tax hikes are to reach JD450 million — as part of a plan to narrow the budget deficit, the Jordan News Agency, Petra, reported on Sunday. The committee has studied all the commodities included in the decision and their impact on consumers, and will meet Prime Minister Hani Mulki and the concerned ministers over the next two days. The committee will provide a report on the results of the study that will be discussed by the House. The government has agreed with the Parliament not to raise prices of basic commodities such as dates, chicken, dairy and cooking oil, the MPs said. Jordan looks forward to restoring trade with Iraq -- PM Prime Minster Hani Mulki on Saturday stressed the importance of accelerating procedures to reopen the Tureibil border crossing with Iraq, start building the oil pipeline and boost trade, the Jordan News Agency, Petra, reported. The remarks came during a meeting with an Iraqi economic delegation to follow up on Mulki’s visit to Iraq last month. The premier expressed hope that the two countries will be able to restore trade to its previous levels. The Iraqi delegates highlighted the need to rebuild war-affected regions after the end of the military operations in Mosul, expressing keenness on Jordan’s role in the reconstruction process. Also on Saturday, the delegation met with Jordan Investment Commission President Thabet Elwir and discussed economic cooperation. Premier encourages Turkish investments in Jordan Prime Minister Hani Mulki on Tuesday stressed the importance of considering alternative routes and working out ways deemed appropriate to facilitate the flow of goods between Jordan and Turkey, according to the Jordan News Agency, Petra. The premier made the remark during a meeting with a Turkish delegation, chaired by President of the Turkish Union of Chambers and Commodity Exchanges Rifat Hisarciklioglu, currently on a visit to the Kingdom. * 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.