Amman Stock Exchange Daily Report - 25 January

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1. Amman Stock Exchange 25-Jan-18 AMMAN SE GENERAL INDEX 2 ,180 Close % Change 2,190.23 1.16% Year-to-Date (YTD) 2.98% Daily Volume (shares) 6,607,037 Daily Turnover (JOD) 7,046,548 6 MONTHS INDEX PERFORMANCE 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies AL EQBAL CO FOR INVESTMENT P JORDAN DUTY FREE SHOP JORDANIAN PHARMACEUTICAL MAN ALIA THE ROYAL JORDANIAN AIR JORDANIAN REAL ESTATE FOR DE Worst Performing Companies % Change 7.50 7.44 4.44 4.08 3.57 Top Traded Companies by Value (JOD) JORDAN DUTY FREE SHOP SURA DEVELOPMENT AND INVESTM UNION LAND DEVELOPMENT CORP CENTURY INVESTMENT GROUP AMMOUN INTERNATIONAL FOR INV * Source: Bloomberg ARAB BANK PLC AL SANABEL INTERNATIONAL CO COMPREHENSIVE LAND DEVELOPME AMMOUN INTERNATIONAL FOR INV METHAQ REAL ESTATE INVESTMEN % Change (1.25) (1.37) (2.27) (2.33) (2.66) Top Traded Companies by Volume (Shares) 920,982 870,172 608,162 466,215 406,217 SURA DEVELOPMENT AND INVESTM ALIA THE ROYAL JORDANIAN AIR AMMOUN INTERNATIONAL FOR INV SPECIALIZED INVESTMENT COMPO UNION LAND DEVELOPMENT CORP 1,655,816 495,262 477,892 411,040 325,205
2. Macroeconomic & Corporate News Gov’t cancels additional tax on medicines upon Royal directives In implementation of His Majesty King Abdullah’s directives, Prime Minister Hani Mulki on Wednesday said that the government has cancelled its recent decision to increase tax on medicines, the Jordan News Agency, Petra, reported.Mulki added that the decision to scrap the tax hike on medicine came in compliance with His Majesty's directives to protect the middle- and low-income classes, according to Petra. Lower House Speaker Atef Tarawneh commended the Royal gesture, saying that the King has always been attentive to citizens’ needs, according to Petra.The Jordan Chamber of Industry (JCI) also praised the move, which followed a plea by stakeholders to cancel the 6 per cent hike in sales tax as part of a government plan to lift, totally or partially, subsidies on several commodities, including bread, Petra reported. Sahab customs centre foils attempts to import 92 tonnes of rotten flour Jordan Customs Department (JCD) personnel working at Sahab customs centre have foiled an attempt to import 92 tonnes of rotten flour into the Kingdom, the Jordan News Agency, Petra, reported.Sahab’s Customs Director Mohammad Alawneh said that the inspection of the four containers revealed that the flour was rotten and unsuitable for human consumption. The contents were stored and transferred to the relevant authorities.Alawneh stressed that the customs personnel have been exerting “great” efforts to fight smuggling attempts and prevent the introduction of any harmful product into the country, in line with the strategic objectives of the department in protecting citizens and society from the dangers of smuggling. Bank robbed at gunpoint in Wihdat; JD76,000 in cash stolen A local bank was robbed at gunpoint on Wednesday morning in Amman's Wihdat neighbourhood, Public Security Department (PSD) Spokesperson Lt. Col. Amer Sartawi said."No one was injured in the attack and we are currently searching for the suspect," Sartawi told The Jordan Times.Societe Generale Bank Jordan issued a statement saying that their bank was robbed at gunpoint and that JD76,000 in cash was stolen, the Jordan News Agency, Petra, reported. “No one was injured in the incident and the authorities were immediately notified about the incident," the bank statement said, adding that “clients need not worry about the incident since the money in the branch is insured”. * 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.