Amman Stock Exchange Daily Report - 21 October

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1. Amman Stock Exchange 21-Oct-19 AMMAN SE GENERAL INDEX 1 ,910 Close % Change 1,810.70 -0.24% Year-to-Date (YTD) -5.14% Daily Volume (shares) 31,757,426 Daily Turnover (JOD) 162,467,696 6 MONTHS INDEX PERFORMANCE 1,890 1,870 1,850 1,830 1,810 1,790 1,770 1,750 Best Performing Companies AL-AMIN FOR INVESTMENT JORDAN INTL TRADING CENTER CONSULTING & INVESTMENT GROU AL-TAJAMOUAT FOR TOURISTIC P ARAB PESTICIDE AND VETERINAR Worst Performing Companies % Change 4.94 4.03 3.85 2.78 1.71 Top Traded Companies by Volume (Shares) ARAB BANK PLC CAIRO AMMAN BANK UNION INVESTMENT CORP JORDANIAN ELECTRIC POWER AL ENTKAEYA FOR INVESTMENT * Source: Bloomberg 28,109,790 1,130,638 299,700 195,278 157,669 COMPREHENSIVE MULTIPLE TRANS SPECIALIZED INVESTMENT COMPO INTL CO FOR MEDICAL INVEST EMMAR INVESTMENTS & REAL EST NATIONAL CABLE & WIRE MANUF % Change (4.30) (4.48) (4.96) (5.26) (5.26) Top Traded Companies by Value (JOD) ARAB BANK PLC CAIRO AMMAN BANK UNION INVESTMENT CORP CENTURY INVESTMENT GROUP JORDANIAN ELECTRIC POWER 158,815,652 1,141,498 390,952 268,167 243,898
2. Macroeconomic & Corporate News Additional taxes ineffective in correcting economic situation' The repercussions of regional crises that have negatively affected the Jordanian economy cannot be remedied through additional taxes, but by stimulating the economy and creating jobs, Minister of Planning and International Cooperation and Minister of State for Economic Affairs Mohamad Al-Ississ said on Sunday. Al-Ississ, who is also Minister of State for Economic Affairs, made the remarks as a keynote speaker at a dialogue session held during the annual meetings of the World Bank (WB) in Washington, DC according to a ministry statement. The dialogue went over successful solutions to address poverty and stimulate the economy, with Al-Ississ stressing that the best solution to these problems is creating more jobs for youth, especially since the Kingdom has maintained economic growth rates of 2 per cent despite regional crises. King receives Norway PM His Majesty King Abdullah received Prime Minister of Norway Erna Solberg at Al Husseiniya Palace on Sunday for a meeting on bilateral relations and the latest regional developments. During the meeting, keenness to expand cooperation between the two countries in various fields was expressed, as well as maintaining coordination and consultation on issues of mutual concern, according to a Royal Court statement. King Abdullah expressed appreciation for Norway's support to Jordan in several development sectors. The meeting covered regional developments, the foremost of which is the Palestinian cause, with His Majesty stressing the need to step up international efforts to reach just, lasting and comprehensive peace based on the two-state solution, guaranteeing the establishment of an independent Palestinian state on the June 4, 1967 lines with East Jerusalem as its capital. IMF says ties with Jordan 'very deep', commends reforms The International Monetary Fund’s (IMF) relations with Jordan is “very deep” and the government's reform agenda is progressing, the global lender's Director of the Middle East and Central Asia Department Jihad Azour said. “We have been supporting Jordan with two consecutive programmes. In addition to our support, we were able to mobilise the international assistance that Jordan needs,” Azour said in response to a question by The Jordan Times during a press conference Friday on the sidelines of the fund’s fall meetings. On priorities Jordan needs to adopt at this stage, he said that it was important for the Kingdom to pursue two tracks in its economic reform programme. “One is to strengthen macroeconomic stability which will allow Jordan to reduce any pressure on the public finance, allow the economy to attract investors and on the other hand address some of the structural issues,” he said. “One of them is the reform of the energy sector, in particular, the reform for the electricity company, NEPCO. Improve the business environment, reduce the cost of labour, as well as also the cost of energy; this will help Jordan benefit from its full potential in serving various markets in the region,” Azour said. * 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.