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Amman Stock Exchange Daily Report - 2 May

IM Insights
By IM Insights
4 years ago
Amman Stock Exchange Daily Report - 2 May

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  1. Amman Stock Exchange 2-May-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,181.88 -0.44% Year-to-Date (YTD) 2.59% Daily Volume (shares) 5,551,636 Daily Turnover (JOD) 10,711,270 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies AL EQBAL CO FOR INVESTMENT P JORDAN DUTY FREE SHOP DAR AL DAWA DEVELOPMENT &INV ARAB ORIENT INSURANCE CO RUM TOURIST TRANSPORTATION C Worst Performing Companies % Change 7.49 7.45 4.93 4.40 4.35 Top Traded Companies by Volume (Shares) ARAB BANK PLC ARAB EAST INVESTMENT RUM TOURIST TRANSPORTATION C ISRAA ISLAMIC FINANCIAL SURA DEVELOPMENT AND INVESTM * Source: Bloomberg 728,244 472,170 322,159 249,646 225,417 JORDAN PETROLEUM REFINERY CO CAPITAL BANK OF JORDAN ARAB INTERNATIONAL HOTELS ARAB INTERNATIONAL HOTELS JORDANIAN -ELECTRIC POWER % Change (6.29) (6.73) (6.96) (6.96) (7.24) Top Traded Companies by Value (JOD) ARAB BANK PLC JORDAN PETROLEUM REFINERY CO JORDAN PHOSPHATE MINES JORDAN ISLAMIC BANK AL EQBAL CO FOR INVESTMENT P 5,887,100 500,447 336,962 293,411 227,607
  2. Macroeconomic & Corporate News King holds talks with Japanese PM, as Jordan, Japan eye wider economic cooperation His Majesty King Abdullah and Japanese Prime Minister Shinzo Abe, in talks held on Tuesday, agreed to upgrade Jordanian-Japanese ties to a strategic partnership in political and economic fields. During talks at Al Husseiniya Palace, attended by HRH Crown Prince Hussein, King Abdullah and Prime Minister Abe affirmed the importance of advancing economic and commercial cooperation, as well as increasing Japanese investments in vital sectors in Jordan, according to a statement by the Royal Court. At bilateral and expanded talks—also attended by HRH Prince Ghazi bin Muhammad, His Majesty’s chief adviser for religious and cultural affairs and personal envoy, and senior officials on both sides—Jordan and Japan agreed to maintain coordination and consultations on various issues of mutual concern, in the service of peace in the region and the world, the statement indicated. Cabinet appoints new SSC chief, sends top officials to pension The Cabinet on Monday appointed Ezzedine Kanakrieh as director general of the Social Security Corporation and Abdul Hakim Shibli as secretary general of the Finance Ministry, the Jordan News Agency, Petra, reported. Kanakrieh, the former secretary general of the Finance Ministry, replaced Nadia Rawabdeh, who went into retirement as she reached 55. Meanwhile, local news outlets reported that the chairperson of the Social Security Investment Fund Suheir Al-Ali has also left office, with Ammonnews quoting the official as saying that she did not resign or referred to retirement, but her contract expires on May 5. Xpress Money marks rise in remittances to Jordan from UAE Xpress Money, one of the most dependable money transfer brands in the world, has marked a recent rise in expat remittances sent by Jordanians living in the UAE and around the world. In January 2018, global remittances to Jordan increased by 4% as compared to the same month last year, according to the Central Bank of Jordan. The value of remittances reached $308.2 million, compared with $296.3 million in January 2017. Xpress Money has also witnessed a 5% increase in remittances from UAE to Jordan in March 2018 visà-vis the same period last year. To aid the rise in remittances, the company is offering remittance services from UAE to Jordan at an affordable transfer fee of AED 15 only, available at over 580 Xpress Money locations in the UAE. * 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.