Amman Stock Exchange Daily Report - 20 September

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1. Amman Stock Exchange 20-Sep-17 Close AMMAN SE GENERAL INDEX 2 ,131.49 % Change Year-to-Date (YTD) -0.36% -1.79% Daily Volume (shares) 6,174,704 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers REAL ESTATE DEVELOPMENT INTL CO FOR MEDICAL INVEST AMMOUN INTERNATIONAL FOR INV COMPREHENSIVE LAND DEVELOPME AL AMAL FINANCIAL INVESTMENT % Change 3.70 2.94 2.41 2.04 1.75 Top Traded Companies by Value AL AMAL FINANCIAL INVESTMENT JORDAN PHOSPHATE MINES AL EQBAL CO FOR INVESTMENT P DEERA INVESTMENT & REAL ESTA ARAB EAST INVESTMENT * Source: Bloomberg Worst Performers ARAB INTERNATIONAL HOTELS AL-RAKAEZ INVESTMENT CO CAPITAL BANK OF JORDAN EL-ZAY READY WEAR MANUF CO JORDAN DECAPOLIS PROPERTIES % Change (2.50) (2.70) (3.06) (3.45) (3.64) Top Traded Companies by Volume Value traded (JOD) 1,658,596 567,805 235,390 165,564 153,350 AL AMAL FINANCIAL INVESTMENT UNITED CABLE INDUSTRIES CO ARAB EAST INVESTMENT JORDAN PHOSPHATE MINES DEERA INVESTMENT & REAL ESTA Volume traded (Shares) 2,890,215 293,153 236,203 190,770 190,300
2. Macroeconomic & Corporate News Free zone investors awaiting ‘actual opening’ of Iraq border The reopening of the Karameh-Turaibil border crossing with Iraq has not yet started to reverse the recession in the Jordan Free Zone, a sector leader has said. President of Jordan Free Zone Investors Association Nabil Rumman said in an interview with The Jordan Times on Wednesday that the reopening ceremony of the crossing after a three-year closure blamed on the deteriorating security condition was “no more than a photo opportunity”, charging that despite the vitality of this “lifeline”, there are forces that are hindering the process. He stopped short of identifying these parties. “So far, with the information that I have and through contacting officials, there has been no clear declaration from the customs authorities regarding the Karameh border crossing,” that trade flow can be resumed uninterrupted, Rumman said. He noted that the border closure has had “negative effects” on Jordan’s investments, economy and exports. The duty free zones, which are the main export outlets, have been the “most damaged”, he said. Zarqa Governorate Council endorses 2018 budget The Governorate Council of Zarqa on Thursday endorsed its budget for 2018 at JD20.322 million. The meeting was chaired by the president of the council, Ahmad Eleimat, in the presence of Zarqa Governor Mohammad Smeiran. The vote, which is being conducted in the Kingdom’s 12 governorates, is the first in the country’s history, the Jordan News Agency, Petra, reported. The governorate councils were elected on August 15 in implementation of the Decentralisation Law of 2015, introduced as part of the political reform package designed to increase people’s engagement in development related policymaking in their areas. On Wednesday, the Finance Ministry announced its plan to distribute the allocations for capital projects for the country’s districts, which take into consideration the poverty and unemployment rates, among other criteria. Jordan to build solar energy-powered boat Secretary General of the Arab Renewable Energy Commission (AREC) Mohammed Taani has announced the names of the national team members who will build the first Jordanian solar-energy-powered boat to present the Kingdom at international events, the Jordan News Agency, Petra, reported on Friday. During the closing ceremony of a workshop on solar boat races — opened by HRH Princess Sanaa Asem, chairperson of the higher oversight committee at AREC — Taani said that the workshop aimed at exchanging expertise and knowledge to insert academic and research cultures into national institutions, especially schools and universities. The team, headed by AREC Administrative Director Kamel Dagamseh, comprises Mamoun Ahmad, Reem Taani, Hassan Mahasneh, Ahmad Habashneh, Zamel Roussan, Hussam Jamal, Muhannad Hassanat, Hani Alawneh, Ibrahim Karasneh, Salem Taym and Basma Qudeisat. * 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.