Amman Stock Exchange Daily Report - 24 January

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1. Amman Stock Exchange 24-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,138.43 % Change Year-to-Date (YTD) -0.47% -1.47% Daily Volume (shares) 3,316,213 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers ITTIHAD SCHOOLS COMPANY NATL PORTFOLIO SECURITIES SPECIALIZED INVESTMENT COMPO ARAB PESTICIDE AND VETERINAR AL AMAL FINANCIAL INVESTMENT % Change 4.63 4.35 1.59 1.52 1.27 Top Traded Companies by Value JORDAN PHOSPHATE MINES AL AMAL FINANCIAL INVESTMENT ARAB BANK PLC AD-DULAYL INDUSTRIAL PARK CO UNION INVESTMENT CORP * Source: Bloomberg Worst Performers ARAB INTERNATIONAL HOTELS AL SANABEL INTERNATIONAL CO JORDAN MASAKEN FOR LAND & IN INDUSTRIAL COMMERCIAL & AGRI JORDAN PHOSPHATE MINES % Change (3.97) (4.49) (4.79) (5.22) (5.73) Top Traded Companies by Volume Value traded (JOD) 378,769.60 368,040.40 332,774.30 318,670.40 314,397.80 Volume traded (Shares) AD-DULAYL INDUSTRIAL PARK CO 666,630 AL AMAL FINANCIAL INVESTMENT 453,270 UNION INVESTMENT CORP 275,663 BARTER CO FOR INVESTMENT & T 236,900 JORDAN PHOSPHATE MINES 207,529
2. Macroeconomic & Corporate News Jordan, Russia float tenders for nuclear power plant’s turbines, electrical systems Jordan and Russia have floated tenders to attract bids for supplying turbines and electrical systems for the Kingdom’s first nuclear power plant, according to Jordan Atomic Energy Commission (JAEC) Chairman Khaled Toukan. “We expect to receive bids from Chinese, Czech, Japanese and American companies by this summer,” Toukan said at a recent meeting with The Jordan Times and Al Rai newspapers. Thirty per cent of the $10 billion project will be financed equally by Jordan and Russia, who are partners in the project. Jordan will secure $1.5 billion and Russia will do the same. A majority of this funding will go for the building of the plant, which will be awarded to Jordanian companies, said Toukan. Electricity company says prices were not hiked The Jordanian Electric Power Company on Tuesday reiterated that it has not raised prices since the beginning of 2017, the Jordan News Agency, Petra, reported. The company said the higher bills are the result of the winter increase in electricity consumption due to a greater use of heaters and air conditioners. It advised subscribers to set their conditioners at 24°C to avoid overconsumption. Swedish Jordanian company launches $4 million investment in Mafraq The Swedish Jordanian Chemicals Company (SJCC) announced earlier this month the launch of a Swedish-Jordanian investment in Jordan — a "state-of-the-art" plant to produce Ferric Chloride (FeCl3) used in the process of water and wastewater treatment and desalination, with a capacity of 30.000 MTPY. The plant is located at the King Hussein Bin Talal development zone in the city of Mafraq, 80km northeast of Amman. "With a total investment of around $4 million, the plant is set to start production in the first quarter of the year 2017, providing Ferric Chloride solutions [at] competitive prices and various shipping options to their customers in Jordan, the Middle East and the North Africa region," the SJCC said in a statement. The plant is built and operated by Jordanian expertise under a licence from Nomexem B.V. from the Netherlands. All materials and equipment of the plant have come from Germany, the statement added. * 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.