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Amman Stock Exchange Daily Report - 26 March

IM Insights
By IM Insights
4 years ago
Amman Stock Exchange Daily Report - 26 March


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  1. Amman Stock Exchange 26-Mar-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,220.98 0.02% Year-to-Date (YTD) 4.43% Daily Volume (shares) 6,351,082 Daily Turnover (JOD) 7,641,361 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies UNION TOBACCO & CIGARETTE UNION LAND DEVELOPMENT CORP UNITED CABLE INDUSTRIES CO OFFTEC HOLDING GROUP PLC ZARA INVESTMENTS Worst Performing Companies % Change 4.85 4.65 4.35 4.26 3.85 Top Traded Companies by Volume (Shares) AL-TAJAMOUAT FOR CATERING HS INTERMEDIATE PETROCHEMICHALS UNION LAND DEVELOPMENT CORP UNION INVESTMENT CORP SPECIALIZED INVESTMENT COMPO * Source: Bloomberg 1,104,829 564,440 322,816 317,005 316,605 JORDAN PHOSPHATE MINES CONTEMPORARY FOR HOUSING PRO MASAFAT FOR SPECIALIZED TRAN ZARKA EDUCATION & INVESTMENT SOUTH ELECTRONICS - % Change (3.00) (3.23) (3.57) (4.32) (7.69) Top Traded Companies by Value (JOD) ARAB BANK PLC UNION LAND DEVELOPMENT CORP JORDAN PHOSPHATE MINES UNION INVESTMENT CORP ARABIAN AVIATION INVESTMENT 1,085,443 716,008 623,508 465,540 416,346
  2. Macroeconomic & Corporate News 47 per cent of SSC pensioners are early retirees Early retirees number at 100,000, constituting 47 per cent of 211,000 Social Security Corporation (SSC) pensioners, SSC Spokesperson Musa Sbeihi said on Sunday.He said that the 2014 Social Security Law allows early retirees to combine parts of their pensions and salaries if they go back to work, subject to certain terms and conditions outlined in the law, the Jordan News Agency, Petra, reported.Sbeihi expressed concern over the small number of early retirees that notified the SSC of their return to the labour market, noting that only 449 retirees had done so. Iraqi investors ‘asset’ to Jordanian economy — Shehadeh Minister of State for Investment Affairs Muhannad Shehadeh and a delegation from the Iraqi Business Council (IBC) on Sunday discussed several issues and challenges facing Iraqi investors in the Kingdom.Shehadeh, who is also head of the Jordan Investment Commission, said that Iraqi investors constitute “an asset” to the Jordanian economy, adding that Iraqi businesspeople’s successes can be a “model” for non-Jordanian investors in the Kingdom, the Jordan News Agency, Petra, reported.IBC Chairman Majid Saedi expressed appreciation for the government’s efforts in presenting all kinds of facilities to Iraqi investors, as well as the commission’s efforts in finding solutions to the challenges facing approximately 33,000 Iraqi businesspeople mainly working in health, tourist, industrial and trade sectors Three-year project to boost private sector’s contribution to Jordan’s economy he Jordanian Action for the Development of Enterprises (JADE) on Sunday signed a Memorandum of Understanding (MoU) with six business associations and five start-up incubators across the Kingdom, aiming to support the development of an “inclusive and innovative” private sector capable of leading to further economic growth in Jordan. Co-funded by the EU, JADE is a three-year project targeting 100 small and medium enterprises (SMEs) and 60 innovative startups, providing them with development opportunities focused on increasing exporting, maximising productivity and creating new employment opportunities. To achieve its objectives, the project will work with various public and private sector stakeholders including the Jordanian government, the chambers of industry and commerce, local business development service providers and incubators.Around 80 representatives from governmental agencies, SMEs, universities, entrepreneurs, incubators and civil society organisations attended the signing ceremony, held under the patronage of Industry Minister Yarub Qudah, Tourism Minister Lina Annab and EU Ambassador to Jordan Andrea Matteo Fontana. * 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.