Amman Stock Exchange Daily Report - 22 January

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1. Amman Stock Exchange 22-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,152.13 % Change Year-to-Date (YTD) 0.07% 0.74% Daily Volume (shares) 3,433,121 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers SPECIALIZED INVESTMENT COMPO ZARA INVESTMENTS NATL PORTFOLIO SECURITIES ARAB POTASH/THE EMMAR INVESTMENTS & REAL EST % Change 4.92 4.65 4.41 4.06 3.70 Top Traded Companies by Value AL AMAL FINANCIAL INVESTMENT ARAB BANK PLC SPECIALIZED INVESTMENT COMPO JORDAN ISLAMIC BANK AD-DULAYL INDUSTRIAL PARK CO * Source: Bloomberg Worst Performers AMMOUN INTERNATIONAL FOR INV JORDAN INTL INSURANCE BINDAR TRADING & INVESTMENT UNION TOBACCO & CIGARETTE METHAQ REAL ESTATE INVESTMEN % Change (2.80) (2.82) (2.86) (2.88) (3.31) Top Traded Companies by Volume Value traded (JOD) 856,511.10 299,327.90 224,065.60 189,896.00 177,085.60 Volume traded (Shares) AL AMAL FINANCIAL INVESTMENT 1,045,994 AD-DULAYL INDUSTRIAL PARK CO 357,195 MASAFAT FOR SPECIALIZED TRAN 216,630 BARTER CO FOR INVESTMENT & T 190,961 SPECIALIZED INVESTMENT COMPO 178,820
2. Macroeconomic & Corporate News MPs, gov’t to discuss alternatives to JD450m in taxes The Lower House Finance Committee is scheduled to meet with government officials on Wednesday to discuss alternative proposals by lawmakers, to increase Treasury revenues under Article 116 of the draft state budget law. The Lower House on Thursday endorsed the draft law for the 2017 state budget, including Article 116, which stipulates increasing state revenues by JD450 million in additional taxes. Although deputies voted on that clause, they proposed other alternatives to the government, according to Deputy Ahmad Safadi, chair of the House Finance Committee. Trade balance deficit declines 8.6pct Jordan's trade balance deficit declined by 8.6 percent during the January-November period of 2016, according to the Department of Statistics (DoS). The DoS reported that the value of national export during that period amounted to JD9.3 billion, down by 6.9 percent compared with the same period in 2015. It added that imports for the same period decreased by 7 percent to reach JD12.44 billion. As for the main exported commodities, the report said the value of national exports of clothes and related accessories increased by 2.6 percent; pharmaceutical products (16.9 percent); while fruits and vegetables exports went down by 22 percent and raw phosphate by 14 percent, crude potash by 33 percent, and fertilizers by 33 percent. Qatari businessmen mull agricultural ventures in Jordan Qatari businessmen are considering implementing agricultural projects in the Kingdom, thanks to investment environment, privileges and incentives Jordan offers to Arab and foreign investors. Jordan enjoys a favorable agricultural environment that supports the success of any agricultural project, including fertile soil, climatic conditions as well as vast agricultural areas that help sustain productivity of any venture, Qatari investors told Petra. Qatari investor, Ahmad Khalaf said that the Kingdom's agricultural produce is preferred in foreign markets due to its good quality and competitive prices, and because most of the Jordan crops are grown without the use of harmful chemicals . * 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.