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Amman Stock Exchange Daily Report - 2 August

IB Insights
By IB Insights
6 years ago
Amman Stock Exchange Daily Report - 2 August


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  1. Amman Stock Exchange 2-Aug-17 Close AMMAN SE GENERAL INDEX 2 ,151.74 % Change Year-to-Date (YTD) 0.31% -0.85% Daily Volume (shares) 2,841,100 6 MONTHS INDEX PERFORMANCE 2,280 2,260 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 Best/Worst Performing Companies Best Performers FUTURE ARAB INVESTMENT CO REAL ESTATE DEVELOPMENT ZARA INVESTMENTS CAPITAL BANK OF JORDAN SALAM INTL TRANSPORT & TRAD % Change 4.76 4.17 4.08 3.49 3.28 Top Traded Companies by Value RUM TOURIST TRANSPORTATION C JORDAN PETROLEUM REFINERY CO AL-ISRA FOR EDUCATION & INV ARAB BANK PLC REAL ESTATE DEVELOPMENT * Source: Bloomberg Worst Performers AL-RAKAEZ INVESTMENT CO EL-ZAY READY WEAR MANUF CO NATIONAL CABLE & WIRE MANUF JORDAN DECAPOLIS PROPERTIES JORDAN PRESS FOUNDATI/AL-RAI % Change (2.44) (2.86) (3.13) (3.39) (3.70) Top Traded Companies by Volume Value traded (JOD) 582,126.30 260,582.90 228,000.00 217,756.80 155,343.70 Volume traded (Shares) RUM TOURIST TRANSPORTATION C 560,800 AL-RAKAEZ INVESTMENT CO 327,231 REAL ESTATE DEVELOPMENT 317,041 JORDAN STEEL 201,534 ARAB EAST INVESTMENT 179,799
  2. Macroeconomic & Corporate News Eagle Hills Jordan begins leasing of The Skyline Luxury Retail Private real estate development and investment company Eagle Hills Jordan recently commenced the leasing of retail space ‘The Skyline Luxury Retail’ within the podium of the iconic 37-floor building that houses W Amman and The Skyline Residences serviced by W Amman, which is primly located in Amman’s new central business district of Abdali. Strategically situated at the entrance of Abdali, The Skyline Luxury Retail comprises a total of six retail units. All units are directly accessible from the main streets of the Abdali district, highly visible from the surrounding area and within walking distance from restaurants, banks and a number of other amenities and public facilities. Ranging in size from 83 to 400 sqm, the units are provided with numerous utilities, including fire alarms, sprinklers, provisions for chilled water, an electric water heater, restrooms and other services including parking spaces for tenants. Several units also come equipped with a mezzanine floor which partly opens from the double-height ceiling of the ground floor. King calls for proactivity as country tackles challenges His Majesty King Abdullah on Wednesday chaired part of a Cabinet meeting at the Prime Ministry, the Jordan News Agency, Petra, reported. During the discussion, His Majesty said that "we have to work together to overcome challenges that face our country", stressing that crises increase Jordanians’ "resilience". The King praised cooperation among Jordanian institutions, underscoring the importance of learning from crises to improve ability of dealing with future challenges. He stressed that Jordanian efforts at Al Aqsa Mosque/Al Haram Al Sharif will continue by using all available tools. King Abdullah said that Jordan is closely observing the situation in Jerusalem, stressing that the challenge there is political and not only a matter of security. As for the Amman Israeli embassy incident, where a diplomat shot and killed two Jordanians, the Monarch reiterated that Jordan would not compromise its people's rights and that Israel is demanded to take legal action to serve justice. He stressed that the case would be followed up on closely. On economy, King Abdullah said that economic situation in the Kingdom needs time to see results on the ground, noting that most of the economic challenges are accumulative and that there is already a “clear” economic correction programme to achieve the envisioned reforms. * 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.