Amman Stock Exchange Daily Report - 2 October

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1. Amman Stock Exchange 2-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,120.63 % Change Year-to-Date (YTD) 0.03% -2.29% Daily Volume (shares) 3,715,232 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers ALIA THE ROYAL JORDANIAN AIR AD-DULAYL INDUSTRIAL PARK CO SALAM INTL TRANSPORT & TRAD ARABIAN AVIATION INVESTMENT BARTER CO FOR INVESTMENT & T % Change 4.55 4.55 3.39 2.80 2.38 Top Traded Companies by Value SPECIALIZED INVESTMENT COMPO AD-DULAYL INDUSTRIAL PARK CO JORDANIAN ELECTRIC POWER ALIA THE ROYAL JORDANIAN AIR RUM TOURIST TRANSPORTATION C * Source: Bloomberg Worst Performers RUM TOURIST TRANSPORTATION C DAR AL DAWA DEVELOPMENT &INV JORDAN COMMERCIAL BANK ISRAA ISLAMIC FINANCIAL UNITED CABLE INDUSTRIES CO % Change (3.23) (4.04) (4.13) (4.17) (4.76) Top Traded Companies by Volume Value traded (JOD) 382,264 370,462 247,400 245,572 171,626 385,039 JORDANIAN ELECTRIC POWER SPECIALIZED INVESTMENT COMPO AD-DULAYL INDUSTRIAL PARK CO RUM TOURIST TRANSPORTATION C ALIA THE ROYAL JORDANIAN AD-DULAYL PARKAIR CO JORDANIAN INDUSTRIAL ELECTRIC POWER Volume traded (Shares) 460,573 385,039 165,206 149,891 112,958
2. Macroeconomic & Corporate News Eurobond issuance success ‘testimony of trust’ — minister Jordan on Monday issued a $1- billion Eurobond on international markets at 7.375 per cent interest rate, maturing after 30 years. Subscription has exceeded $4.3 billion, four-fold the value of the issuance, a Finance Ministry statement said. More than 240 investment funds, including international ones in the US, the UK and Europe, have subscribed, the ministry said. The Eurobond issuance is part of the government’s plan in handling cash flow and public debt, the statement said, adding that the volume of the issuance and the maturity date reflect the trust of international investors and funds in the ability of Jordan’s economy to grow. Finance Minister Omar Malhas said that the issuance came as a result of His Majesty King Abdullah’s tireless efforts to enhance the international community’s confidence in Jordan’s policies and financial reform efforts. Malhas noted that Jordan has indulged in a financial reform programme in cooperation with the International Monetary Fund to reduce the public debt ratio to GDP from 95 per cent to 77 per cent by 2022. Finance Ministry Secretary General Izzeddin Kanakryah said that the bonds will be used to finance the needs of the Treasury including settling domestic bonds that will be due at the end of this year. ‘JD3b invested in Dead Sea projects in first-half of 2017’ The volume of investment in existing and undergoing projects in the Dead Sea area amounted to around JD3 billion during the firsthalf of 2017, most of which is concentrated in the hotel and tourism sector, the Jordan News Agency, Petra, reported on Monday. The volume of investment in projects still under development in the Dead Sea Development Area amounted to JD630 million, according to figures by the Jordan Free and Development Zones Group. The data showed that JD515 million was invested in the hotel sector alone, with a capacity of 2,500 hotel rooms, providing around 6,300 jobs. The volume of investment in the King Hussein Bin Talal Convention Centre alone was JD20 million, and JD53 million dedicated to a series of tourist facilities. On the major investment projects, JD2.2 billion was invested in the three and four-star hotel projects, the most prominent of which is the Kuwaiti project SQM Real Estate for the establishment of international hotels, restaurants and shops, with a total investment of JD1.68 billion, providing 3,000 job opportunities, the data showed. No income or sales tax raise — premier Prime Minister Hani Mulki on Monday said that the government will not reduce the income exemptions to individuals or families, and will not raise sales tax. He stressed that the government is committed to His Majesty King Abdullah’s directives to protect the middleand low-income segments of Jordanians. During his meeting with Senate President Faisal Fayez and Lower House Speaker Atef Tarawneh, Mulki stressed that the amendments on the Income Tax Law will not affect single individuals or families whose income is below JD12,000 and JD24,000 respectively. He said that the amendments are introduced to improve the efficiency of tax collection and harshen penalties for tax evasion. It also aims to ensure that all individuals whose yearly income exceeds JD12,000 and families with income more than JD24,000 are registered as tax payers. * 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.