Amman Stock Exchange Daily Report - 26 January

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1. Amman Stock Exchange 26-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,146.43 % Change Year-to-Date (YTD) 0.00% -1.10% Daily Volume (shares) 4,566,133 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 MASAFAT FOR SPECIALIZED TRAN RUM TOURIST TRANSPORTATION C UNITED FINANCIAL INVESTMENTS AL SANABEL INTERNATIONAL CO SALAM INTL TRANSPORT & TRAD % Change 5.45 5.06 4.95 4.94 4.65 Top Traded Companies by Value RUM TOURIST TRANSPORTATION C ARAB BANK PLC AD-DULAYL INDUSTRIAL PARK CO MASAFAT FOR SPECIALIZED TRAN UNION INVESTMENT CORP * Source: Bloomberg Worst Performers AL-TAJAMOUAT FOR TOURISTIC P UNION INVESTMENT CORP JORDAN MASAKEN FOR LAND & IN NATIONAL CABLE & WIRE MANUF JORDAN PRESS FOUNDATI/AL-RAI % Change (2.04) (2.56) (2.97) (3.03) (4.23) Top Traded Companies by Volume Value traded (JOD) 815,390.30 339,433.50 316,671.80 236,228.70 222,369.80 Volume traded (Shares) RUM TOURIST TRANSPORTATION C 984,778 AD-DULAYL INDUSTRIAL PARK CO 685,886 MASAFAT FOR SPECIALIZED TRAN 407,668 BARTER CO FOR INVESTMENT & T 374,565 AL-TAJAMOUAT FOR CATERING HS 283,402
2. Macroeconomic & Corporate News Economy still strong, resilient — Mulki Prime Minister Hani Mulki on Friday said that the current economic situation in Jordan is not the most difficult when compared to previous periods, such as the crisis of 1989, the Jordan News Agency, Petra, reported. The economy is still strong and resilient despite the effects of the so-called “Arab Spring” since 2011, the global economic crisis, border closures and hosting Syrian refugees, Mulki said. However, the premier said the government seeks to increase growth rates and improve productivity, while fighting tax evasion, nepotism and corruption. In an interview with Jordan Television’s “60 Minutes”, Mulki asserted that the Jordanian dinar is stable, which is backed by currency reserves worth JD12 billion and gold worth JD1 billion — enough to cover the Kingdom’s imports for seven months. Jordan receives 55 million euro grant from EU Planning and International Cooperation Minister Imad Fakhoury on Thursday signed a grant agreement worth 55 million euros (around JD42 million) from the EU. The agreement provides sectoral support through the national budget to develop the private sector, a statement from the ministry said. Out of the EU’s understanding of the repercussions of the Syrian refugee crisis and honouring its commitments to bilateral cooperation and the London donor conference on Syria, 10 million euros were added to the initial pledge, said the statement. Jordan hosts over 1.3 million Syrians, according to the latest census. The UNHCR says 655,496 Syrians are officially registered as refugees in the Kingdom. Jordanian banks to maintain sound liquidity despite challenging conditions — Moody's Moody's Investors Service said on Wednesday that although credit risks remain high for banks in Jordan, their sound capital and liquidity provide a buffer to downside risks. Profitability will remain stable in 2017, despite higher provisioning expenses, owing to improving margins, it added in its report, entitled "Banks — Jordan: Solid Capital Buffers, Regulatory Reforms and Higher Interest Margins Provide Support Amid Regional Turbulence”. The closure of the Iraqi and Syrian borders with Jordan coupled with weak financial conditions in Gulf countries weigh on trade, tourism and investor sentiment in the country and on growth, as a result. Accordingly, as published previously, Moody's said it expects only a moderate uptick in real gross domestic product (GDP) growth in Jordan to 3.2 per cent for 2017. Arab Bank Group reports 20% growth in net profit The Arab Bank Group on Saturday disclosed its 2016 results, reporting a growth of 20 per cent in net profit. Net operating income before provisions and taxes exceeded $1.1 billion, while its post tax net profit reached $533 million for 2016 compared to $442 million for 2015, according to a bank statement. Excluding the effect of foreign currency devaluations, the bank has shown a consistent solid growth during 2016 as loans and advances grew by 6 per cent to reach $23.7 billion, and customer deposits grew by 3 per cent to reach $33.6 billion, according to the statement. * 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.