Amman Stock Exchange Daily Report - 27 February

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1. Amman Stock Exchange 27-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,203.14 % Change Year-to-Date (YTD) 0.25% 1.51% Daily Volume (shares) 6,016,869 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers CAPITAL BANK OF JORDAN UNITED IRON & STEEL MANUFACT JORDAN STEEL BINDAR TRADING & INVESTMENT AL EQBAL CO FOR INVESTMENT P % Change 4.65 4.35 4.35 4.23 2.88 Top Traded Companies by Value AL AMAL FINANCIAL INVESTMENT UNION INVESTMENT CORP JORDAN STEEL UNION LAND DEVELOPMENT CORP METHAQ REAL ESTATE INVESTMEN * Source: Bloomberg Worst Performers SPECIALIZED INVESTMENT COMPO JORDAN PRESS FOUNDATI/AL-RAI UNION INVESTMENT CORP SALAM INTL TRANSPORT & TRAD UNION TOBACCO & CIGARETTE % Change (4.35) (4.48) (4.80) (5.00) (6.67) Top Traded Companies by Volume Value traded (JOD) 1,249,851.00 638,983.10 422,485.30 311,882.20 302,935.00 AL AMAL FINANCIAL INVESTMENT JORDAN STEEL UNION INVESTMENT CORP BARTER CO FOR INVESTMENT & T AL-RAKAEZ INVESTMENT CO Volume traded (Shares) 1,772,950 880,334 528,768 248,495 224,047
2. Macroeconomic & Corporate News $7.8 billion recorded in tourism revenues, expat remittances Tourism revenues and expatriates’ remittances stood at $7.8 billion in 2016, witnessing an increase in the last quarter, the Jordan News Agency, Petra reported on Monday, citing Central Bank of Jordan figures. The figures showed that the remittances stood at $3.7 billion, recording a 2.4 per cent drop compared to 2015. The figures also indicated that tourism income, despite a 0.5 per cent drop compared to the previous year, reached $4.1 billion. The indicators showed a recovery since September 2016. Dinar is strong, foreign currency reserves rising Prime Minister Hani al-Mulki, on Sunday, said the Jordanian Dinar is strong and stable and is in a reassuring condition. He said foreign currency reserves are on the rise, currently amounting to 12 billion dollars. Al-Mulki was reviewing foreign and domestic policies as well as economic and administrative reforms in a lecture at the King Hussein Club. The Dinar, he said, has been pegged to the U.S dollar since 1995, and there is no change in this policy. The prime minister stressed that the Palestinian cause is the core issue and that the two-state solution is the only way forward. Jordan, he said, continues to urge the world community to push Israel to resume peace talks with the Palestinians within a set timeline. Al-Mulki said Jordan will take all legal and diplomatic action to stop Israeli attempts to change the status quo in Jerusalem. He said Jordan had warned against relocating the us embassy to Jerusalem and its impact on the peace process. PM discusses investments with Saudi power company chairman Prime Minister Hani Mulki on Monday met with the chairman of Saudi company ACWA Power, Mohammad Abunayyan, the Jordan News Agency, Petra, reported. During the meeting, attended by Energy Minister Ibrahim Saif and Finance Minister Omar Malhas, Mulki stressed the government’s support for investments to enhance power availability and prevent any obstacles that might face investments in Jordan. For his part, Abunayyan stressed that in 2010, the company made plans to expand outside Saudi Arabia. It chose Jordan as the first option to invest in electric power generation projects due to the business-friendly environment and availability of efficient human resources. * 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.