Amman Stock Exchange Daily Report - 20 April

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1. Amman Stock Exchange 20-Apr-17 Close AMMAN SE GENERAL INDEX 2 ,219.12 % Change Year-to-Date (YTD) 0.02% 2.25% Daily Volume (shares) 4,787,203 6 MONTHS INDEX PERFORMANCE 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 Best/Worst Performing Companies Best Performers LAFARGE JORDAN CEMENT JORDAN STEEL ARABIAN STEEL PIPES NATIONAL CABLE & WIRE MANUF AL SANABEL INTERNATIONAL CO % Change 3.76 3.70 3.36 2.94 2.68 Top Traded Companies by Value JORDAN PETROLEUM REFINERY CO JORDAN STEEL SPECIALIZED INVESTMENT COMPO JORDAN PHOSPHATE MINES RUM TOURIST TRANSPORTATION C * Source: Bloomberg Worst Performers AMAD INVESTMENT & REAL ESTAT JORDANIAN EXPATRIATES INV HL EMMAR INVESTMENTS & REAL EST SPECIALIZED INVESTMENT COMPO BINDAR TRADING & INVESTMENT % Change (2.21) (3.70) (3.85) (4.27) (4.94) Top Traded Companies by Volume Value traded (JOD) 1,370,778.00 504,296.10 423,323.00 347,648.40 287,134.50 Volume traded (Shares) JORDAN STEEL 903,914 AL-TAJAMOUAT FOR CATERING HS 426,845 ARAB EAST INVESTMENT 398,980 JORDAN PETROLEUM REFINERY CO 381,526 SPECIALIZED INVESTMENT COMPO 370,300
2. Macroeconomic & Corporate News Jordan launch $1.3mln SMEs-supporting project The Jordan Enterprise Development Corporation (JEDCO), in cooperation with the Organisation for Economic Cooperation and Development (OECD), launched a $1.3 million project titled “Supporting Jordan in improving policies of small- and medium-sized enterprises” (SMEs). The project aims to improve the capabilities of SMEs in developing policies and increasing coordination between public and private institutions, among others, according to a JEDCO statement. Industry, Trade and Supply Minister Yarub Qudah said that economic challenges facing the Kingdom include population growth, the influx of Syrian refugees, high public debt and a decline in exports. Qudah said that the Cabinet reached the final stage of deliberations on the national strategy for developing entrepreneurship and SMEs, following discussions with several stakeholders. Standard & Poor’s keeps Jordan’s credit rating at BB-/B Standard & Poor's (S&P) reaffirmed its BB-/B credit rating to Jordan, with a "negative" outlook due to a number of domestic and regional factors, according to a report released on Friday. Jordan was placed in the Banking Industry Country Risk Assessment’s (BICRA) 7th group, along with Bulgaria, El Salvador, Indonesia, Morocco, the Philippines, Portugal and Slovenia. The report cited "very high" economic resilience and credit risk in Jordan, with "intermediate" economic imbalances, while the industrial factors were described of "high" institutional framework, competitive dynamics and systemwide funding. "Despite low growth, we anticipate that the Jordanian authorities will continue to contain fiscal and external balances in 2017-2020, assisted by an International Monetary Fund [IMF] programme," according to S&P. Momani hails Q1 growth as sign of economic reforms’ success Jordan saw improvements of some indicators in the first quarter of this year, including exports, tourism and remittances by Jordanian expatriates, Minister of State for Media Affairs Mohammad Momani said on Thursday. Speaking at the Jordan Radio and Television Corporation’s “Akhbar wa Hewar” talk show, Momani said the government’s economic reform programme aims to accelerate economic growth, the Jordan News Agency, Petra, reported. The government hopes that this year’s growth rates will help the Kingdom to face economic and financial challenges, the minister explained, adding that the encouraging figures demonstrate that Jordan’s economic reforms can boost growth. * 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.