Amman Stock Exchange Daily Report - 20 January

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1. Amman Stock Exchange 20-Jan-20 AMMAN SE GENERAL INDEX 1 ,910 Close % Change 1,884.22 0.59% Year-to-Date (YTD) -1.29% Daily Volume (shares) 4,279,624 Daily Turnover (JOD) 4,563,015 6 MONTHS INDEX PERFORMANCE 1,890 1,870 1,850 1,830 1,810 1,790 1,770 1,750 Best Performing Companies ARAB INTERNATIONAL CO FOR IN FIRST INSURANCE EMMAR INVESTMENTS & REAL EST FIRST FINANCE CORP ARAB INTERNATIONAL HOTELS Worst Performing Companies % Change 7.14 5.97 5.88 5.00 4.95 Top Traded Companies by Volume (Shares) SPECIALIZED INVESTMENT COMPO AD-DULAYL INDUSTRIAL PARK CO ARAB EAST INVESTMENT FIRST INSURANCE UNION INVESTMENT CORP * Source: Bloomberg 757,268 405,169 277,000 201,944 166,410 ARAB JORDANIAN INSURANCE GRP OFFTEC HOLDING GROUP PLC TUHAMA FOR FINANCIAL INVESTM ARAB PHOENIX HOLDINGS AL-ISRA FOR EDUCATION & INV % Change (2.86) (2.86) (3.13) (3.33) (5.35) Top Traded Companies by Value (JOD) SPECIALIZED INVESTMENT COMPO ARAB BANK PLC JORDAN PETROLEUM REFINERY CO AD-DULAYL INDUSTRIAL PARK CO UNION INVESTMENT CORP 1,439,149 577,416 303,559 209,391 193,033
2. Macroeconomic & Corporate News SSIF assets grew by 7.8% to reach JD10.98b in 2019 — chief The Social Security Investment Fund's (SSIF) total assets grew by 7.8 per cent at the end of 2019 to reach JD10.98 billion, compared with JD10.19 billion at the beginning of 2019, according to the preliminary financial statements, SSIF CEO Kholoud Saqqaf has said. The SSIF’s income also increased to reach JD559 million by the end of 2019, compared with JD434 million at the end of 2018, marking a 29-per cent growth. According to Saqqaf, this was due to the growth of dividends, returns on fixed income instruments, financial lease loans and real estate investments, according to a statement from the fund. Based on its strategy, the SSIF expanded its real estate investments portfolio during 2019 by purchasing properties at an estimated cost of JD70 million. As a result, its real estate portfolio's total value grew to reach around JD667 million at the end of 2019, Saqqaf said in the statement. The SSIF also expanded its investments in a number of public shareholding companies that are characterised by "solid financial positions and stability in dividends streams", such as the Arab Bank, the Etihad Bank, the Jordan Islamic Bank and Safwa Islamic Bank, he added. Lower House cuts Energy Ministry's budget by almost JD15m The Lower House's Financial Committee has cut the budget of the Ministry of Energy and Mineral Resources by JD14.972 million. Mashour Abu Eid, the ministry's spokesperson, said that under the committee's decision, the JD14 million reduction in capital spending includes JD3 million from Fils Al Reef allocated to financing the installation of power cells in remote areas. The cut also includes JD2 million from Fils Al Reef allocated to replacing the Kingdom's streetlights with an energy efficient system, in addition to JD1 million for the budget item of recycling and strategic storage. The cut in capital spending also includes JD8 million allocated to implementing the gas pipeline project at Sheikh Hussein Crossing (expropriated lands). The remaining JD972,000 cut in current spending was originally allocated for various items including salaries, wages, incentives, operational expenses and subsidies for public institutions. Cabinet approves sales tax cut for 76 commodities The Cabinet on Sunday approved the government’s reduction of the sales tax on 76 basic commodities as of February 1, 2019. Under the decision, the goods subject to a 10 per cent tax, will be reduced to 5 per cent, while others subject to 4 per cent, will be reduced to 2 per cent, the Jordan News Agency, Petra, reported. Reduced commodities include dairy products, fruit, vegetables, canned food and school supplies among others. * 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.