Amman Stock Exchange Daily Report - 20 February

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1. Amman Stock Exchange 20-Feb-19 AMMAN SE GENERAL INDEX 2 ,050 Close % Change 1,983.92 -0.15% Year-to-Date (YTD) 3.93% Daily Volume (shares) 3,847,535 Daily Turnover (JOD) 4,063,966 6 MONTHS INDEX PERFORMANCE 2,000 1,950 1,900 1,850 1,800 1,750 Best Performing Companies ASSAS FOR PRODUCTS CO.LTD JORDAN COMMERCIAL BANK ITTIHAD SCHOOLS COMPANY ARAB ORIENT INSURANCE CO ARAB UNION INTL INSURANCE Worst Performing Companies % Change 6.67 5.95 4.76 4.67 4.58 Top Traded Companies by Volume (Shares) RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO UNION LAND DEVELOPMENT CORP FIRST FINANCE CORP UNION INVESTMENT CORP * Source: Bloomberg 452,412 362,056 338,735 264,210 231,545 FIRST INSURANCE CONSULTING & INVESTMENT GROU AFAQ FOR ENERGY CO PLC READY MIX CONCRETE & CONSTR ARAB INTERNATIONAL HOTELS % Change (3.33) (3.45) (3.74) (3.85) (6.86) Top Traded Companies by Value (JOD) UNION LAND DEVELOPMENT CORP ARAB BANK PLC SPECIALIZED INVESTMENT COMPO HOUSING BANK FOR TRADE AND F UNION INVESTMENT CORP 609,859 514,427 369,625 307,260 275,611
2. Macroeconomic & Corporate News WB delegation visits Mafraq A World Bank (WB) delegation on Tuesday visited the Greater Mafraq Municipality as part of a tour organised by the Innovative Start-ups Fund for Municipalities project, the Jordan News Agency, Petra, reported. The programme focuses on Jordanian governorates and municipalities affected by the influx of Syrian refugees, according to Petra. It is implemented by the Municipal Affairs Ministry through the Cities and Villages Development Bank, an official statement said, with 27 municipalities competing over grants for local development projects. Mafraq Mayor Amer Dughmi said the visit serves to clarify the application process for the competing projects. He added that the WB is offering seven $1-million grants to the competing municipalities in the Mafraq Governorate. London initiative ‘one stop’ on Jordan’s agenda to boost economy The London initiative, an international conference to unlock investment, growth and jobs for Jordan slated for February 28th, is part of the Kingdom’s ongoing efforts to boost self-reliance that seeks to highlight Jordan’s reforms and its lucrative investment climate, officials said on Tuesday. The conference, co-hosted by the UK and Jordanian governments, is part of activities implemented by the Kingdom to boost exports, attract investments and open new doors and opportunities to create jobs and drive economic growth, while stressing Jordan’s commitment to reform, the officials added. Mount Nebo, Baptism Site see highest inbound tourism growth rates in 2018 Tourism revenues in January went up by 9.1 per cent to JD458 million, compared with JD420 million in the same month last year, the Central Bank of Jordan (CBJ) announced on Tuesday. In a statement carried by the Jordan News Agency, Petra, the CBJ attributed the revenue increase to a 4.8 per cent rise in inbound tourism, compared with January, 2018. Total tourism revenues surpassed the $5-billion mark in 2018, marking an 8 per cent increase from 2017’s $4.6 billion, CBJ data revealed in January. The sector’s performance indicators showed a rise in the number of overnight tourists, to about 860 million by the end of November 2018, up 8 per cent compared with the same period of 2017, according to figures by the Tourism Ministry. * 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.