Amman Stock Exchange Daily Report - 21 February

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1. Amman Stock Exchange 21-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,203.16 % Change Year-to-Date (YTD) -0.24% 1.51% Daily Volume (shares) 2,829,548 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers AL SANABEL INTERNATIONAL CO HIGH PERFORMANCE REAL ESTAT UNION LAND DEVELOPMENT CORP INTL CO FOR MEDICAL INVEST UNITED IRON & STEEL MANUFACT % Change 5.00 5.00 4.95 4.29 3.90 Top Traded Companies by Value SPECIALIZED INVESTMENT COMPO UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO ARAB BANK PLC JORDAN ISLAMIC BANK * Source: Bloomberg Worst Performers AL-TAJAMOUAT FOR CATERING HS DEERA INVESTMENT & REAL ESTA AMAD INVESTMENT & REAL ESTAT ARAB EAST FOR REAL ESTATE IN JORDAN MASAKEN FOR LAND & IN % Change (2.22) (2.25) (2.70) (3.55) (4.74) Top Traded Companies by Volume Value traded (JOD) 682,978.40 384,162.20 375,795.70 340,416.40 197,612.80 Volume traded (Shares) SPECIALIZED INVESTMENT COMPO 588,458 UNION INVESTMENT CORP 330,970 AD-DULAYL INDUSTRIAL PARK CO 187,099 ALIA THE ROYAL JORDANIAN AIR 111,218 JORDAN PETROLEUM REFINERY CO 110,726
2. Macroeconomic & Corporate News Central bank raises main interest rates by 50 basis points The Central Bank of Jordan's (CBJ) open market operations committee on Tuesday decided to increase the main interest rate of the bank and the interest on finance policy tools by 50 basis points as of Tuesday, the Jordan News Agency, Petra, reported. The committee's decision was taken in light of the outcome of the bank's follow-up on economic and monetary developments on the local, regional and international levels and in line with the developments in interest rates at regional and international monetary markets and their future expectations. The decision also aims at ensuring a boost to competitiveness of assets expressed in Jordanian dinar and preserving financial and monetary stability. Under the decision, the main interest rate at the CBJ stands at 3.25 per cent annually and Jordanian dinar overnight deposit rate becomes 2.25 per cent. The rate of one-week deposit certificates will range between 3-3.25 per cent annually, Petra reported, adding that interest rate of overnight repurchase agreements has become 4 per cent annually. Moreover, the interest rates of rediscount stands at 4.25 per cent. 21 businesses join JEDCO growth programme Twenty-one businesses on Tuesday joined a business-growth programme run by the Jordan Enterprise Development Corporation (JEDCO), which aims to accelerate their growth rates by providing each with tailor-made “growth action plans”. The 21 businesses were the first to sign up to the new programme, drawn from Jordanian industrial and commercial sectors, including construction, engineering, digital services and tourism, a JEDCO statement said. The programme is financed by the G7 Deauville Partnership – MENA Transition Fund. JEDCO is the national umbrella for developing economic enterprises in the Kingdom, including start-up and innovative enterprises. Positive momentum established in Jordan's tourism industry Visitor arrivals hit 6.4m in 2016, up 33.5% on the previous year, according to the Ministry of Tourism and Antiquities (MoTA). This increase was partly driven by growth in overnight stays, which reached 3.8m for solo travellers and 314,000 for groups – increases of 19.9% and 5.7%, respectively. In addition to welcoming more visitors, the kingdom also witnessed a more diverse visitor portfolio throughout 2016. Arrivals from the Asia Pacific region rose by almost 19.5% over the 12month period, followed by growth in visitor numbers from Europe (6%), Africa (5%) and the Americas (3%). However, tourists from the Gulf declined by 10%, with the MoTA partly attributing the drop to austerity measures implemented in Saudi Arabia – the biggest contributor to inbound visitors from the GCC. * 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.