Amman Stock Exchange Daily Report - 19 November

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1. Amman Stock Exchange 19-Nov-17 Close AMMAN SE GENERAL INDEX 2 ,100.05 % Change Year-to-Date (YTD) 0.30% -3.24% Daily Volume (shares) 3,295,758 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers UNION LAND DEVELOPMENT CORP ALIA THE ROYAL JORDANIAN AIR UNION INVESTMENT CORP NATL PORTFOLIO SECURITIES JORDAN PRESS FOUNDATI/AL-RAI % Change 4.96 4.76 4.72 4.69 4.17 Top Traded Companies by Value JORDAN PETROLEUM REFINERY CO RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO JORDAN PHOSPHATE MINES JORDANIAN ELECTRIC POWER * Source: Bloomberg Worst Performers SAFWA ISLAMIC BANK ARAB PESTICIDE AND VETERINAR NATIONAL CHLORINE AL-DAWLIYA HOTELS & MALLS SINIORA FOOD INDUSTRIES CO % Change (1.59) (1.60) (1.64) (2.41) (4.74) Top Traded Companies by Volume Value traded (JOD) 559,503 444,611 343,428 294,424 249,284 27,805 RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO JORDAN PETROLEUM REFINERY CO UNION INVESTMENT CORP ALIA THE ROYAL JORDANIAN AIR NATIONAL ARAB BANKCABLE PLC & WIRE MANUF Volume traded (Shares) 512,583 373,430 208,770 177,321 140,570
2. Macroeconomic & Corporate News Cabinet simplifies procedures for investments The Cabinet on Sunday cancelled a list of 126 approvals required to register investment facilities, excluding security approvals, the Jordan News Agency, Petra, reported.The decision comes in line with the government’s plan to structure and simplify procedures for citizens and investors. The measure transformed the approvals into guidelines to be reviewed by investors prior to registration.The Council of Ministers tasked the Ministry of Industry, Trade and Supply and Companies Control Department to register the purpose of the investment directly without referring it to other governmental agencies. Cabinet readies tighter state budget The Cabinet on Sunday endorsed the draft state budget law for 2018, with a foreseen increase in the domestic revenues to cover 98.9 per cent compared with 92.5 in 2017.According to the draft, the domestic revenues are estimated at JD8.496 billion, of which JD7.796 billion comes from domestic sources and JD700 million from foreign grants, the Jordan News Agency, Petra, reported. The budget planners also see a slight expansion of 3.2 per cent in spending and an estimated deficit of JD688 million. In figures, public spending for next year is estimated to reach JD9.039 billion, up by JD572 million over public expenditure reestimated for 2017, including JD7.886 billion as current spending and JD1.153 as capital expenditures.The latter covers several capital projects in partnership with the private sector. Memo signed for implementation of workplace daycares The Ministry of Labour on Wednesday renewed a Memorandum of Understanding (MoU) with SADAQA, a non-profit organisation advocating for a better working environment for women in Jordan, with the aim of implementing the National Framework for Workplace Daycares. The national framework was developed by the NGO in partnership with the International Labour Organisation (ILO), building on Article 72 of the Jordanian Labour Law, which requires companies that employ 20 or more women to provide daycares for children of female employees. * 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.