Amman Stock Exchange Daily Report - 25 October

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1. Amman Stock Exchange 25-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,096.46 % Change Year-to-Date (YTD) 0.12% -3.40% Daily Volume (shares) 3,833,773 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 Best/Worst Performing Companies Best Performers UNITED CABLE INDUSTRIES CO AL EQBAL CO FOR INVESTMENT P AL-TAJAMOUAT FOR CATERING HS ZARA INVESTMENTS ARAB POTASH/THE % Change 4.35 2.86 2.56 2.27 1.80 Top Traded Companies by Value SPECIALIZED INVESTMENT COMPO SALAM INTL TRANSPORT & TRAD AL EQBAL CO FOR INVESTMENT P JORDANIAN ELECTRIC POWER JORDAN MASAKEN FOR LAND & IN * Source: Bloomberg Worst Performers AL-RAKAEZ INVESTMENT CO IRBID DISTRICT ELECTRICITY NATIONAL CABLE & WIRE MANUF JORDAN PRESS FOUNDATI/AL-RAI ALIA THE ROYAL JORDANIAN AIR % Change (2.70) (2.82) (3.03) (3.77) (4.65) Top Traded Companies by Volume Value traded (JOD) 442,966 402,870 240,850 165,665 157,570 155,934 SALAM INTL TRANSPORT & TRAD SPECIALIZED INVESTMENT COMPO UNITED CABLE INDUSTRIES CO RUM TOURIST TRANSPORTATION C UNION INVESTMENT CORP JORDAN STEEL JORDANIAN ELECTRIC POWER Volume traded (Shares) 640,669 474,260 276,801 184,087 127,822
2. Macroeconomic & Corporate News Foreign grants slump by around 46% in three quarters Local revenues in the first nine months of 2017 increased by JD149.1 million to JD4.97 billion, compared with JD4.82 billion during the same period of 2016, the Finance Ministry announced on Wednesday.The ministry attributed the increase to a raise in non-tax revenues by JD123 million and tax revenues by JD26 million, according to a ministry statement. Foreign grants to the Kingdom in the January-September period totalled JD164.8 million, compared with JD303.6 million in the first period of 2016, marking a decline of JD138.8 million or 45.7 per cent. According to the ministry's data, expenditure in the first three quarters of 2017 totalled JD5.86 billion, compared with JD5.64 billion during the same period of 2016, marking an increase of JD221.6 million that equals 3.9 per cent, reflecting “normal growth of expenditure”. Kingdom welcomes Saudi Arabia’s investment zone plan Jordan on Wednesday welcomed a $500 billion project by Saudi Arabia to develop a business and industrial zone linked with Jordan and Egypt. “The project, which will connect Asia to Africa by creating a special zone stretching from Saudi Arabia’s borders to Jordan and Egypt, will strengthen the economies of the three countries, enhance trade and open new markets for their exports,” a government official told The Jordan Times on Wednesday. Jordan, which enjoys political stability and security, is capable of attracting investments and removing obstacles facing investors. Jordan is also home to highly qualified human resources in different areas and can share its expertise in the creation of such mega project that helps strengthen inter-Arab trade ties, the official said. 12 plants save JD1.6m in energy cost under resource efficiency programme Twelve plants in the food and beverage sector helped save over JD1.6 million in costs related to water, energy, raw materials and solid waste management under a programme promoting resource efficiency and cleaner production (RECP), officials said on Tuesday. The 12 companies signed up for the Transfer of Environmentally-Sound Technology in the Southern Mediterranean Region programme (MED TEST II) aimed at reducing production costs related to raw materials, energy and water. the programme also aims to enhance the awareness of the companies' staff on RECP and to provide them with technical support for complying with the environmental national regulations implemented to raise competitiveness locally and internationally, said project organisers. * 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.