Amman Stock Exchange Daily Report - 22 March

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1. Amman Stock Exchange 22-Mar-17 Close AMMAN SE GENERAL INDEX 2 ,230.39 % Change Year-to-Date (YTD) -0.03% 2.77% Daily Volume (shares) 3,538,853 6 MONTHS INDEX PERFORMANCE 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 Best/Worst Performing Companies Best Performers UNION TOBACCO & CIGARETTE AL SANABEL INTERNATIONAL CO UNION LAND DEVELOPMENT CORP NATL PORTFOLIO SECURITIES SINIORA FOOD INDUSTRIES CO % Change 7.40 4.39 4.15 3.85 3.85 Top Traded Companies by Value ARAB BANK PLC UNION INVESTMENT CORP AL EQBAL CO FOR INVESTMENT P UNION LAND DEVELOPMENT CORP UNION TOBACCO & CIGARETTE * Source: Bloomberg Worst Performers JORDAN NATL SHIPPING LINES JORDAN DECAPOLIS PROPERTIES SPECIALIZED INVESTMENT COMPO UNITED IRON & STEEL MANUFACT RUM TOURIST TRANSPORTATION C % Change (3.95) (4.00) (4.27) (4.76) (4.88) Top Traded Companies by Volume Value traded (JOD) 844,088.10 725,222.40 670,689.00 501,751.20 496,410.40 Volume traded (Shares) UNION INVESTMENT CORP 577,109 AL AMAL FINANCIAL INVESTMENT 469,064 AL-TAJAMOUAT FOR CATERING HS 220,137 RUM TOURIST TRANSPORTATION C 213,700 UNION LAND DEVELOPMENT CORP 187,285
2. Macroeconomic & Corporate News Jordanian expatriates increase remittances Remittances of Jordanian expatriates rose by 3.9 per cent at the end of February, 2017 standing at $560.1 million, compared to $539 million in the same period of 2016, according a statement by the Central Bank of Jordan on Wednesday. The statement said that remittances of Jordanian expatriates rose by 3.5 percent in February, 2017 reaching $263 million, compared to $254.7 million in the same month of 2016. Euromoney Jordan Conference forecasts ‘difficult economic year’ The government on Wednesday announced that 2017 would be a difficult year for Jordan’s economy, and that economic growth is forecast between 2.2 per cent and 2.3 per cent. The ongoing border closure with Syria and Iraq, the regional crisis and the lack of progress in addressing these issues continue to hinder the economy, Minister of Finance Omar Malhas said during the 2017 Euromoney Jordan Conference titled “Meeting the Financial Challenge.” “2016 was not an easy year for Jordan, and data estimate economic growth at around 2 per cent at the end of 2016,” he said. The minister stated that Jordan needs a growth rate that is double the forecast of this year, in order to address the unemployment rate, which exceeds 15 per cent. Highlighting the inflation of the public sector, the minister stressed the key role of the private sector in stimulating the economy. Syrians’ healthcare cost amounts to JD271m annually The public health sector annually incurs JD271 million as a result of the Syrian refugee burden on the Kingdom, Health Ministry Spokesperson Hatem Azrui said on Wednesday. Azrui told the Jordan News Agency, Petra, that the total cost of Syrians' treatment in the public health facilities since the beginning of the Syrian crisis until the end of 2016 exceeded JD1.5 billion. The ministry provides Syrians with all the medical care services offered to Jordanians, without any discrimination, the official said, including preventive, awareness and health services. * 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.