Amman Stock Exchange Daily Report - 22 February

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1. Amman Stock Exchange 22-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,192.39 % Change Year-to-Date (YTD) -0.49% 1.02% Daily Volume (shares) 6,683,836 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers UNITED IRON & STEEL MANUFACT JORDAN STEEL UNION LAND DEVELOPMENT CORP JORDAN INTL INSURANCE INTL CO FOR MEDICAL INVEST % Change 5.00 5.00 4.72 4.48 4.11 Top Traded Companies by Value AL EQBAL CO FOR INVESTMENT P BANK OF JORDAN JORDAN PETROLEUM REFINERY CO JORDAN STEEL ARAB BANK PLC * Source: Bloomberg Worst Performers EL-ZAY READY WEAR MANUF CO AL SANABEL INTERNATIONAL CO HIGH PERFORMANCE REAL ESTAT JORDAN MASAKEN FOR LAND & IN ARAB POTASH/THE % Change (3.64) (4.76) (4.76) (4.97) (5.28) Top Traded Companies by Volume Value traded (JOD) 4,041,169.00 3,783,544.00 781,442.30 696,728.40 630,468.30 Volume traded (Shares) JORDAN STEEL 1,674,947 BANK OF JORDAN 1,318,304 SPECIALIZED INVESTMENT COMPO 365,410 AL SANABEL INTERNATIONAL CO 291,805 ARAB EAST INVESTMENT 281,798
2. Macroeconomic & Corporate News Japan to extend $29m in additional aid to Jordan Japan has decided to extend a new assistance package, which amounts to approximately $29 million, from its supplementary budget of 2016, in order to assist Jordan as it faces regional turmoil and the influx of refugees, according to statement released by the Japanese embassy this week. Under the new assistance package, the grants will be provided mainly for international organisations for the implementation of projects that aim at providing humanitarian assistance for Syrian refugees, host communities and preventing radicalisation and terrorism, the statement said. Gov’t signs deal for JD93m Amman customs centre Prime Minister Hani Mulki on Wednesday attended a signing ceremony for an agreement to implement the new JD93 million Amman customs centre project in Madouneh, the Jordan News Agency, Petra, reported. The 1,350-dunum centre is seen as a vital development project for the Madouneh area and east Amman, which will bring benefits both during and after implementation, with predictions that traffic will improve in the area after the Amman customs centre moves to its new location. The new customs centre will be built through public-private sector partnership in accordance with international standards using modern technology and designs drawn up by the Public Works Ministry, Petra reported. Local and international expertise was also sought according to the needs of the Jordan Customs Department (JCD). Jordan economy: Solar projects form key component of renewables plan At a time when inward foreign investment to Jordan has been falling, the country's renewable energy sector stands out as a continuing success story. A number of projects are already in operation and a further 1,000 MW of capacity is under development. The government is confident that Jordan can reach its target of meeting 20% of its energy needs from renewable energy sources by 2020 as part of wider efforts to increase the proportion of local energy resources in the energy mix from 4% in 2014 to 39% in 2020. The government has become increasingly ambitious in how it seeks to meet these goals. It is hoping to break new ground by including the possibility of battery storage options for both the solar photovoltaic (PV) and wind options in its third round of direct proposals from potential developers. It is now requesting offers for a further 200 MW of solar PV provision on a designated site in the Maan area in southern Jordan and for a 100MW wind plant, also in southern Jordan. * 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.