Amman Stock Exchange Daily Report - 24 April

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1. Amman Stock Exchange 24-Apr-17 Close AMMAN SE GENERAL INDEX 2 ,196.74 % Change Year-to-Date (YTD) -0.56% 1.22% Daily Volume (shares) 3,470,142 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 NATL PORTFOLIO SECURITIES ARAB POTASH/THE AL-RAKAEZ INVESTMENT CO ZARA INVESTMENTS ZARKA EDUCATION & INVESTMENT % Change 3.39 3.11 2.94 1.85 1.82 Top Traded Companies by Value JORDAN PETROLEUM REFINERY CO ARAB BANK PLC UNION LAND DEVELOPMENT CORP AL-TAJAMOUAT FOR CATERING HS UNION INVESTMENT CORP * Source: Bloomberg Worst Performers LAFARGE JORDAN CEMENT AL SANABEL INTERNATIONAL CO ARAB ALUMINIUM INDUSTRY SPECIALIZED INVESTMENT COMPO ARAB BANKING CORP/JORDAN % Change (4.55) (4.55) (4.57) (4.67) (7.25) Top Traded Companies by Volume Value traded (JOD) 1,497,835.00 531,294.30 302,286.10 236,854.20 202,872.00 Volume traded (Shares) AL-TAJAMOUAT FOR CATERING HS 421,940 JORDAN PETROLEUM REFINERY CO 416,943 JORDAN STEEL 322,579 OFFTEC HOLDING GROUP PLC 230,330 AL-TAJAMOUAT FOR TOURISTIC P 197,700
2. Macroeconomic & Corporate News Hungarian trade exhibition offers opportunities for Jordanian businesses While trade volume between Jordan and Hungary has grown “steadily” over the past two years, there are still many untapped opportunities, Hungarian Ambassador to Jordan Csaba Czibere said on Monday. Speaking at the opening of the second Products and Services Exhibitions of the Hungarian Trading House Plc., Czibere noted that a number of business deals had been concluded during the first exhibition, held two years ago, and that the volume of bilateral trade had grown since. He highlighted the importance of small- and medium-sized enterprises (SMEs) in the Hungarian economy, adding that these businesses are often established and run by families, a trend also observed in the Jordanian market. Over the past few years, Jordan has witnessed closures of major markets due to regional instability, including the Syrian and Iraqi crises. This should encourage the Jordanian business community to look for nearby markets like Hungary in order to promote its services and products, the ambassador said. Jordan seeks verification after reported UAE ban on Jordanian vegetables The Ministry of Agriculture is contacting its Emirati counterpart to verify reports claiming the latter had banned the import of several types of vegetables from Jordan, a government official said on Sunday. News reports indicated that the ministry of climate change and environment in the UAE had announced a decision to indefinitely ban the import of seven of Jordan’s main vegetable exports as of mid-May. Information circulated over the weekend indicated that the reported ban was put in place due to increasing levels of chemical pesticide residues in Jordan's agricultural products. Gov't expects economic growth at 3pct in 2017 Minister of Industry, Trade and Supply, Yarub Qudah said the government expects in the budget plan for the current fiscal year that the national economy will grow by 3 percent while exports are set to expand by 8 percent. He added that public debt now comprises 94.5 percent of Gross Domestic Product (GDP), saying the budget deficit will reduce public spending on capital projects. Qudah noted that the government is convinced that achieving development goals will come in partnership with the private sector. "Our philosophy today is to give leadership to the private sector through establishing and implementing projects in partnership with us (the government)," he said. * 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.