Amman Stock Exchange Daily Report - 24 April

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1. Amman Stock Exchange 24-Apr-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,186.48 -0.11% Year-to-Date (YTD) 2.81% Daily Volume (shares) 3,160,791 Daily Turnover (JOD) 2,923,284 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies ARABIAN STEEL PIPES ISLAMIC INSURANCE CO AL-BILAD MEDICAL SERVICES JORDAN NATL SHIPPING LINES ZARKA EDUCATION & INVESTMENT Worst Performing Companies % Change 4.95 3.85 3.66 3.02 2.92 Top Traded Companies by Volume (Shares) BARTER CO FOR INVESTMENT & T AD-DULAYL INDUSTRIAL PARK CO OFFTEC HOLDING GROUP PLC RUM TOURIST TRANSPORTATION C UNION INVESTMENT CORP * Source: Bloomberg 434,902 275,600 225,242 166,518 138,015 SPECIALIZED INVESTMENT COMPO NUTRI DAR DEERA INVESTMENT & REAL ESTA UNION TOBACCO & CIGARETTE ITTIHAD SCHOOLS COMPANY - % Change (2.91) (3.28) (3.45) (4.92) (5.59) Top Traded Companies by Value (JOD) ARAB BANK PLC JORDAN PETROLEUM REFINERY CO BARTER CO FOR INVESTMENT & T UNION INVESTMENT CORP JORDAN ISLAMIC BANK 442,688 225,766 160,974 159,632 133,870
2. Macroeconomic & Corporate News JSC takes legal action against 45 violating companies in 2018 The Jordan Securities Commission (JSC) took legal action against 45 violating companies during the first quarter of 2018, a statement from JSC said on Monday. The actions that were taken against the companies, which have violated the Securities Law, included fines and notifications that were filed in the professional record of those companies. JSC Chief Commissioner Mohammad Hourani said the measures came to activate the commission’s monitoring role related to transactions at the financial market as part of the commission main goal, which is protecting investors. The violations were related to financial solvency standards, financial disclosure, transactions, margin financing and licensing. ax law changes expected to be ready in May Amendments to the Income Tax Law are expected to be endorsed by the Cabinet in the first half of May, Minister of State for Media Affairs Mohammad Momani said on Monday. At a press conference that followed a Cabinet session earlier in the day, Momani, who is also the government spokesperson, said that the tax evasion, which can be similar to theft, is among top issues addressed in the amended law. Tax evasion in some professional sectors reach 80 per cent, the minister added, according to a government statement. Officials and experts have estimated that the phenomenon costs the Treasury around JD1 billion a year, while the collection mechanisms is expected to be revisited in the bill. Jordan, Palestine to establish joint agriculture venture — Momani The Cabinet on Monday approved a memorandum of understanding with the Palestinian government to establish a JordanianPalestinian company for marketing agricultural products. In a press conference, which followed a Cabinet session earlier in the day, Minister of State for Media Affairs Mohammad Momani said that establishing the company aims at enhancing the opportunities for exporting Jordanian and Palestinian agricultural products to external markets, stressing that the company constitutes a support to Palestinians and their economy. Momani, who is also the government spokesperson, noted that the company forms an added value to the Jordanian agricultural sector and the overall economy, through offering transit services to Palestinian products and finding jobs in relevant sectors, the Jordan News Agency, Petra, reported. * 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.