Amman Stock Exchange Daily Report - 21 August

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1. Amman Stock Exchange 21-Aug-17 Close AMMAN SE GENERAL INDEX 2 ,114.99 % Change Year-to-Date (YTD) -0.03% -2.55% Daily Volume (shares) 4,239,334 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers SALAM INTL TRANSPORT & TRAD UNION TOBACCO & CIGARETTE BARTER CO FOR INVESTMENT & T UNITED IRON & STEEL MANUFACT ARABIAN STEEL PIPES % Change 5.00 4.82 4.76 4.65 4.62 Top Traded Companies by Value AL EQBAL CO FOR INVESTMENT P HOUSING BANK FOR TRADE AND F ARAB BANK PLC JORDAN AHLI BANK SPECIALIZED INVESTMENT COMPO * Source: Bloomberg Worst Performers ARAB BANKING CORP/JORDAN ALIA THE ROYAL JORDANIAN AIR JORDAN PRESS FOUNDATI/AL-RAI REAL ESTATE DEVELOPMENT AMAD INVESTMENT & REAL ESTAT % Change (2.50) (2.50) (3.39) (4.35) (4.59) Top Traded Companies by Volume Value traded (JOD) 960,007 674,823 625,637 373,868 365,572 NATIONAL CABLE & WIRE MANUF SPECIALIZED INVESTMENT COMPO JORDAN AHLI BANK AL-AMIN FOR INVESTMENT JORDAN STEEL Volume traded (Shares) 443,473 343,257 311,724 229,723 223,513
2. Macroeconomic & Corporate News Jordan, Turkey set to boost ties, sustain coordination His Majesty King Abdullah on Monday met with the Turkish President Recep Tayyip Erdogan over bilateral ties and regional developments, a Royal Court statement said. During the meeting, at Al Husseiniya Palace, His Majesty and the Turkish leader stressed the importance of continued coordination between Jordan and Turkey over issues of mutual concern and ways to boost economic and investment cooperation. In remarks at the expanded meeting, King Abdullah welcomed the Turkish president in his “second home”. His Majesty thanked Erdogan for the strong positions he has taken on the challenges involving Al Aqsa Mosque/Al Haram Al Sharif and Jerusalem, and his support for Jordan in the face of challenges. The King said he exchanged views with the Turkish leader on a number of issues of mutual concern, noting the historical relationship between Jordan and Turkey as they mark the 70th anniversary of establishing diplomatic relations. Discussions will continue, His Majesty said, on how to improve the political, economic, military, defence and social ties between the two countries, highlighting the various opportunities inherent in these fields. Jordan and Turkey have both been affected by terrorism and extremism, the King noted, stressing that this is another opportunity to strengthen the relationship between the two peoples. Planning ministry, World Bank sign loan agreement to establish Innovative Startups Fund The Ministry of Planning and International Cooperation on Monday signed a $50 million (some JD35.4 million) facilitated loan agreement with the World Bank (WB) to support the establishment of the Innovative Startups Fund. The Central Bank of Jordan (CBJ) will also support the fund with $48 million (some JD34 million), Planning Minister Imad Fakhoury said at the signing ceremony on Monday. The fund project will be implemented and operated by the Jordan Loan Guarantee Corporation. According to Fakhoury, the fund translates one of the “key and critical recommendations” of the Economic Policy Council almost a year ago, and is in line with Jordan 2025 vision and the recently adopted Jordan Economic Growth Plan 2018-2022. Kingdom ranks 4.9 on 2017 Basel AML Index Jordan has ranked top among Arab countries in terms of fighting money laundering and terrorism financing. According to the Basel AML Index 2017, which assesses country risk regarding money laundering/terrorism financing, Jordan recorded an overall score of 4.9 out of 10, which puts the country in the 111th place on a list of 146 countries examined by the Basel Institute on Governance (three other countries were excluded due to incomplete data). The score indicates the country's risk level in money laundering/terrorist financing based on its "adherence to AML/CTF standards and other risk categories such as financial regulations, public transparency, corruption and rule of law”. Compared to the 145 countries that are listed throughout the assessment, Jordan, with its risk score of 4.9, stood between Finland, which ranked 146 with an overall score of 3.04 (lowest risk), and Iran, which ranked number one with an overall score of 8.6 (highest risk). * 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.