Amman Stock Exchange Daily Report - 23 February

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1. Amman Stock Exchange 23-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,198.25 % Change Year-to-Date (YTD) 0.27% 1.29% Daily Volume (shares) 4,494,021 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers UNION TOBACCO & CIGARETTE INDUSTRIAL COMMERCIAL & AGRI AL SANABEL INTERNATIONAL CO HIGH PERFORMANCE REAL ESTAT UNION LAND DEVELOPMENT CORP % Change 7.18 6.60 5.00 5.00 4.96 Top Traded Companies by Value SPECIALIZED INVESTMENT COMPO ARAB BANK PLC UNION INVESTMENT CORP JORDAN STEEL UNION TOBACCO & CIGARETTE * Source: Bloomberg Worst Performers JORDAN INTL INSURANCE JORDANIAN PHARMACEUTICAL MAN EL-ZAY READY WEAR MANUF CO JORDAN PRESS FOUNDATI/AL-RAI ARAB ALUMINIUM INDUSTRY % Change (2.86) (3.51) (3.77) (4.29) (4.37) Top Traded Companies by Volume Value traded (JOD) 1,370,950.00 537,740.10 394,891.00 298,672.10 249,220.80 Volume traded (Shares) SPECIALIZED INVESTMENT COMPO 1,168,280 JORDAN STEEL 688,299 UNION INVESTMENT CORP 324,546 AD-DULAYL INDUSTRIAL PARK CO 254,229 BARTER CO FOR INVESTMENT & T 205,200
2. Macroeconomic & Corporate News 3m tonnes of crude oil imported in 2016 — report The Jordan Petroleum Refinery Company (JPRC) imported 2,978,000 tonnes of crude oil and refined 60,000 barrels daily in 2016, according to the government's fuel pricing committee. The imports met 50 per cent of the Kingdom's diesel needs, 42 per cent of gasoline needs and 100 per cent of jet fuel and kerosene needs, while the rest was imported by the three main fuel companies — Total Jordan, Manaseer Oil & Gas and the JPRC's Jordan Petroleum Products Marketing Company. The committee said on Friday that of each 159-litre crude oil barrel, 30 per cent is refined into diesel, 20 per cent into gasoline, 10 per cent into jet fuel, 3 per cent each into kerosene and gas, 28 per cent into fuel oil and 6 per cent into asphalt. When deciding the monthly prices of fuel products, the committee said it depends on the average international price of oil derivatives, not crude oil, over 30 days, with a mechanism approved by the government in 2008 that includes costs of shipment, handling and taxes. The latest hike to gasoline prices included a 30 fils increase to support the Treasury under “economic correction measures” recently taken by the government. Last June, the government also decided to impose a fixed Treasury allowance on all fuel products amounting to 25 fils per litre, in line with Jordan’s agreement with the International Monetary Fund. Gov’t committed to boosting medical tourism sector — PM The government is committed to tackling impediments facing the medical tourism sector and to taking the necessary measures to boost the industry's performance, Prime Minister Hani Mulki said on Saturday. Efforts to enhance the sector's performance include encouraging investments, expanding the industry and signing international agreements that can build on achievements and successes, he noted in his remarks at the Global Healthcare Travel Forum (GHTF). The premier, who was deputising for His Majesty King Abdullah, highlighted the sector as one of the major contributors to the national economy, but he acknowledged that the sector has been witnessing challenges due to regional unrest. Organised by the Private Hospitals Association (PHA) in cooperation with the Global Healthcare Travel Council (GHTC), the forum seeks to provide medical tourism stakeholders around the world with the opportunity to meet, network and strengthen cooperation in the field. * 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.