Amman Stock Exchange Daily Report - 22 May

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1. Amman Stock Exchange 22-May-19 AMMAN SE GENERAL INDEX 2 ,050 Close % Change 1,808.82 -0.42% Year-to-Date (YTD) 0.00% Daily Volume (shares) 2,715,265 Daily Turnover (JOD) 2,063,181 6 MONTHS INDEX PERFORMANCE 2,000 1,950 1,900 1,850 1,800 1,750 Best Performing Companies SALAM INTL TRANSPORT & TRAD AD-DULAYL INDUSTRIAL PARK CO AL ENTKAEYA FOR INVESTMENT AL AMAL FINANCIAL INVESTMENT MASAFAT FOR SPECIALIZED TRAN Worst Performing Companies % Change 5.00 4.44 3.64 3.39 2.94 Top Traded Companies by Volume (Shares) UNITED CABLE INDUSTRIES CO AD-DULAYL INDUSTRIAL PARK CO AL EQBAL CO FOR INVESTMENT P INTERMEDIATE PETROCHEMICHALS SPECIALIZED INVESTMENT COMPO * Source: Bloomberg JORDANIAN EXPATRIATES INV HL EMMAR INVESTMENTS & REAL EST LAFARGE JORDAN CEMENT HOUSING BANK FOR TRADE AND F ZARKA EDUCATION & INVESTMENT % Change (3.39) (4.00) (4.35) (5.90) (6.43) Top Traded Companies by Value (JOD) 300,725 289,668 171,120 154,744 154,199 SPECIALIZED INVESTMENT COMPO ARAB BANK PLC UNIVERSAL MODERN INDUSTRIES JORDAN PETROLEUM REFINERY CO JORDANIAN ELECTRIC POWER 168,966 159,901 151,720 144,531 135,020
2. Macroeconomic & Corporate News Gov’t boosts tourism board allocations to JD17m for 2019 The government has increased the allocated 2019 budget for the Jordan Tourism Board (JTB) from JD9 million to JD17 million, the Jordan News Agency, Petra, reported.A statement by the Ministry of Tourism and Antiquities said the decision to increase support was made with the consideration of the JTB as the marketing branch of tourism in the Kingdom.He added that governmental support has helped boost tourism indicators in 2018, as the total number of tourists to Jordan amounted to 4.9 million at a 7.8 per cent increase, while the number of overnight tourists reached 4.15 million with an 8 per cent increase. Total tourism revenue for 2018 reached JD3.727 billion. Gov’t grants two-month residency to medical tourists Interior Minister Salameh Hammad said those entering the Kingdom as medical tourists and who possess certain unrestricted nationalities, will be granted a two month residency, as opposed to one month.The decision will be implemented in the form of free visas given upon arrival at border control stations, the Jordan News Agency, Petra, reported.Hammad added that the decision aims to invigorate tourism, in addition to further the benefit from Jordan’s natural resources, which posses healing properties. Renewable energy development projects to achieve goals ahead of schedule' Renewable energy projects under construction and development are expected to conclude in 2021 with a combined power generating capacity of some 1,270 megawatts (MW), Minister of Energy and Mineral Resources Hala Zawati said on Tuesday.Overall renewable energy contributions to the national power mix will increase to 20 per cent, Zawati said in a statement carried by the Jordan News Agency, Petra.Notably, the timeline for the power mix diversification project, which entails boosting reliance on renewable energy sources, was scheduled to conclude in 2025.According to the minister, the objectives of the project, pertaining to renewable energy sources, will be met ahead of time, with years to spare. * 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.