Amman Stock Exchange Daily Report - 24 December

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1. Amman Stock Exchange 24-Dec-17 AMMAN SE GENERAL INDEX 2 ,200 Close % Change 2,129.33 0.02% Year-to-Date (YTD) -1.89% Daily Volume (shares) 3,400,000 Daily Turnover (JOD) 4,900,000 6 MONTHS INDEX PERFORMANCE 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies ARAB BANK PLC FUTURE ARAB INVESTMENT CO ARABIAN AVIATION INVESTMENT DEERA INVESTMENT & REAL ESTA SINIORA FOOD INDUSTRIES CO Worst Performing Companies % Change 4.01 2.70 2.40 2.35 1.79 Top Traded Companies by Value (JOD) ARAB BANK PLC CENTURY INVESTMENT GROUP UNION INVESTMENT CORP READY MIX CONCRETE & CONSTR UNION LAND DEVELOPMENT CORP * Source: Bloomberg ARAB INTERNATIONAL CO FOR IN ARAB INTERNATIONAL HOTELS JORDAN PRESS FOUNDATI/AL-RAI SALAM INTL TRANSPORT & TRAD ARAB ALUMINIUM INDUSTRY % Change (3.32) (3.48) (4.17) (5.00) (7.35) Top Traded Companies by Volume (Shares) 1,242,689 689,735 319,625 277,506 257,234 CENTURY INVESTMENT GROUP READY MIX CONCRETE & CONSTR UNION INVESTMENT CORP ARAB BANK PLC RUM TOURIST TRANSPORTATION C 284,424 270,359 269,350 222,174 194,463
2. Macroeconomic & Corporate News Symposium focuses on Amman Stock Exchange Deputising for Prime Minister Hani Mulki, State Minister for Investment Affairs Muhannad Shehadeh on Saturday attended a symposium titled “Policies and means required for the Amman Stock Exchange to thrive”, organised by the Talal Abu Ghazaleh Knowledge Forum. Shehadeh highlighted the importance of developing investment incentives, as well as creating an investment friendly environment that investors aspire for, the Jordan News Agency, Petra, reported. Talal Abu Ghazaleh, head of the forum, highlighted the need of focusing on small-scale enterprises, especially due to the fact that they employ more than 80 per cent of the workforce.Jordan Securities Commission (JSC) President Mohammad Hourani reviewed reasons for the decline in the performance of the ASE, attributing them mainly to the successive financial crises and the repercussions of the so-called “Arab Spring”. Jordanian industrial delegation visits Iran An industrial delegation to Tehran has discussed means to enhance economic cooperation, increase commercial exchange and remove obstacles that hinder the Jordanian-Iranian commercial relations, the Jordan Chamber of Industry (JCI) said on Saturday.The delegates, headed by JCI President Adnan Abul Ragheb, visited Tehran upon an invitation from Iranian officials to participate in the “Food industries exhibition with Islamic countries”, the Jordan News Agency, Petra, reported.Abul Ragheb said that the delegates had “positive” discussions, where Iranians expressed their interest in investing in the Kingdom.He added that his Iranian counterpart called for facilitating the entry of Iranian investors and businesspeople to Jordan and opening “new horizons” for Iranian products in new markets, through benefiting from Jordan’s economic ties with various countries. Japanese foreign minister due in Jordan Monday Japanese Foreign Minister Taro Kono is scheduled to visit Jordan on Monday and hold talks with Foreign Minister Ayman Safadi on means to expand Jordanian-Japanese ties and the Syrian refugee influx into the Kingdom, the Jordan News Agency, Petra, reported on Saturday. A Japanese foreign ministry statement said that the visit to Jordan is part of a regional tour that also includes Israel, Palestine, Oman and Turkey between Sunday and Friday.Kono has visited the Middle East twice since taking office, and expressed the basic policy of Japan’s diplomacy regarding the Middle East as the Kono Four Principles in the First Japan-Arab Political Dialogue and Japan’s action to assist stabilisation and security in the Middle East, based on the principles in the Manama Dialogue, according to the Japanese foreign ministry. * 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.