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Amman Stock Exchange Daily Report - 25 April

IM Insights
By IM Insights
4 years ago
Amman Stock Exchange Daily Report - 25 April


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  1. Amman Stock Exchange 25-Apr-19 AMMAN SE GENERAL INDEX 2 ,050 Close % Change 1,879.03 -0.37% Year-to-Date (YTD) 0.43% Daily Volume (shares) 4,989,665 Daily Turnover (JOD) 30,707,405 6 MONTHS INDEX PERFORMANCE 2,000 1,950 1,900 1,850 1,800 1,750 Best Performing Companies JORDAN WORSTED MILLS/THE BARTER CO FOR INVESTMENT & T RUMM FINANCIAL BROKERAGE NOOR CAPITAL MARKETS FOR DIV NATL PORTFOLIO SECURITIES Worst Performing Companies % Change 6.12 4.55 4.55 4.44 4.44 Top Traded Companies by Volume (Shares) ARAB POTASH/THE SURA DEVELOPMENT AND INVESTM AL ENTKAEYA FOR INVESTMENT RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO * Source: Bloomberg 1,800,193 318,806 307,133 306,570 217,000 AL-ISRA FOR EDUCATION & INV REAL ESTATE DEVELOPMENT JORDAN PIPES MANUFACTURING ARAB POTASH/THE ITTIHAD SCHOOLS COMPANY % Change (4.59) (4.76) (4.90) (5.11) (7.41) Top Traded Companies by Value (JOD) ARAB POTASH/THE JORDAN PETROLEUM REFINERY CO RUMM FINANCIAL BROKERAGE SPECIALIZED INVESTMENT COMPO ARAB BANK PLC 27,489,214 538,192 328,497 243,223 220,406
  2. Macroeconomic & Corporate News 77% of investors view environment as unfavourable' — survey The Jordan Strategy Forum (JSF) released survey findings on Tuesday showing that 21 per cent of investors in the Kingdom view the investment environment as encouraging, while 77 per cent said it is not. The JSF survey on investor confidence showed that 24.4 per cent of investors see current economic conditions in Jordan as on the right track, while 65.1 per cent said otherwise, according to a JSF statement. Among those who said that economic conditions were on the wrong track, 30 per cent attributed their decision to difficult economic circumstances, 25 per cent to high customs fees, taxes and interest rates and 17 per cent to policy instability and complicated laws and by-laws. The survey, which was conducted in February, interviewed 581 investors. These included 356 investors in the services sector, 116 in the industrial, 73 in the commercial and 36 in the agricultural sectors, according to the JSF website. Construction exports up 14% in 2018 Data issued by the Amman Chamber of Industry on Wednesday revealed that the construction industries sector sources 53 per cent of the sector’s inputs domestically, while the rest is imported. In a statement carried by the Jordan news Agency, Petra, Alaa Abu Soufeh, representative of the construction industries sector, said that the sector in question possesses 16 per cent of the total 2,813 industrial enterprises with a collective capital of JD315 million. He added that the sector comprises 70 per cent of Jordan’s industrial capital. Abu Soufeh pointed that the sector’s exports in 2018, mostly to countries in the region, have increased by 14 per cent in revenues to JD138 million, compared with JD121 million in 2017. The sector accounts for 3.3 per cent of local production and 3 per cent of the total of industrial exports. Cruise ships carrying 12,000 passengers scheduled to dock in Aqaba this week Four cruise ships carrying around 12,000 tourists are scheduled to drop anchor in Aqaba on Thursday, according to Director General of the Aqaba Company for Ports Operation and Management Mansour Gogazeh. As well as spending time in Aqaba, some 330km south of Amman, the tourists’ itinerary includes destinations such as Petra and Wadi Rum, he added, noting that three of the ships will dock in the old port, while the fourth will anchor in the new southern port. The number of visitors to Aqaba during this year’s first quarter rose by an estimated 10 per cent, compared with the same period in 2018, 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.