Amman Stock Exchange Daily Report - 27 July

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1. Amman Stock Exchange 27-Jul-17 Close AMMAN SE GENERAL INDEX 2 ,164.34 % Change Year-to-Date (YTD) -0.01% -0.27% Daily Volume (shares) 4,145,819 6 MONTHS INDEX PERFORMANCE 2,280 2,260 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 Best/Worst Performing Companies Best Performers UNION LAND DEVELOPMENT CORP AL-TAJAMOUAT FOR CATERING HS ARAB ALUMINIUM INDUSTRY UNION INVESTMENT CORP SPECIALIZED INVESTMENT COMPO % Change 4.81 4.65 4.62 4.32 3.74 Top Traded Companies by Value AL EQBAL CO FOR INVESTMENT P UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO * Source: Bloomberg Worst Performers DEERA INVESTMENT & REAL ESTA NATL PORTFOLIO SECURITIES OFFTEC HOLDING GROUP PLC ZARA INVESTMENTS JORDANIAN PHARMACEUTICAL MAN % Change (3.33) (3.49) (3.85) (3.92) (4.08) Top Traded Companies by Volume Value traded (JOD) 1,116,652.00 1,074,588.00 929,724.90 669,318.10 665,285.50 Volume traded (Shares) UNION INVESTMENT CORP 760,190 RUM TOURIST TRANSPORTATION C 647,036 SPECIALIZED INVESTMENT COMPO 607,942 JORDAN PETROLEUM REFINERY CO 302,864 JORDAN STEEL 268,156
2. Macroeconomic & Corporate News Jordan's Arab Bank says H1 net profit falls 2 pct to $415.2 mln Jordan's largest lender, Arab Bank Group , reported a 2.3 percent fall in first-half net profit to $415.2 million from $424.9 million a year earlier. A statement released on Saturday by the bank, one of the Middle East's major financial institutions, said its loan book and overall operations continued to grow despite exchange-rate fluctuations. Investment map in governorates launched Minister of State for Investment Affairs Muhannad Shehadeh on Saturday announced that an investment map for governorates will be launched next month, the Jordan News Agency, Petra, reported. The map, which will include investment opportunities in each governorate, aims to create jobs and combat poverty, Shehadeh said. During a panel organised by the Jordan Transparency Association titled "Investment in Jordan", the minister said that the Jordan Investment Commission (JIC) has finalised a list of 122 small and medium enterprises spread across the Kingdom's governorates, with values ranging between JD9,000 and JD50,000 . Stability and security are the main elements attracting investments, said Shehadeh, whose portfolio is the first in the country’s history. ‘Red tape needs to be tackled to improve business, tourist environment’ Recent measures taken by the Jordan Investment Commission (JIC) to cut red tape are designed to make it easier to do business and improve the overall investment environment in the Kingdom, a government official said on Saturday. Muhannad Shehadeh, minister of state for investment affairs and JIC chief, said the commission recently reviewed the structure of its four directorates and reduced the number of committees from 26 to 13, in a bid to eliminate “unnecessary delays”. The “excessive” number of committees contributes to heavy bureaucracy and delays in work, he explained, adding that further cuts will take place in the near future. The JIC, which offers a total of 99 business procedures, will cut down the number of procedures by half over the upcoming two months, crossing out many “unnecessary” ones, he added at a lecture carried out by the Jordan Transparency Association. The minister noted that some measures, like issuing an investor card, currently require five different signatures, while the conditions for obtaining the card are clearly stated in the Investment Law. * 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.