Amman Stock Exchange Daily Report - 28 January

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1. Amman Stock Exchange 28-Jan-18 AMMAN SE GENERAL INDEX 2 ,180 Close % Change 2,196.93 0.31% Year-to-Date (YTD) 3.30% Daily Volume (shares) 6,859,450 Daily Turnover (JOD) 10,348,913 6 MONTHS INDEX PERFORMANCE 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies MASAFAT FOR SPECIALIZED TRAN ARAB BANK PLC METHAQ REAL ESTATE INVESTMEN READY MIX CONCRETE & CONSTR JORDANIAN REAL ESTATE FOR DE Worst Performing Companies % Change 6.25 6.17 3.83 3.81 3.45 Top Traded Companies by Value (JOD) SINIORA FOOD INDUSTRIES CO ARAB BANK PLC JORDAN PHOSPHATE MINES JORDAN PETROLEUM REFINERY CO UNION LAND DEVELOPMENT CORP * Source: Bloomberg 2,721,612.6 1,206,903 996,949 630,855 525,328 SINIORA FOOD INDUSTRIES CO AMAD INVESTMENT & REAL ESTAT NATIONAL CABLE & WIRE MANUF JORDAN DUTY FREE SHOP JORDAN MASAKEN FOR LAND & IN % Change (2.94) (3.16) (3.33) (4.32) (4.76) Top Traded Companies by Volume (Shares) SINIORA FOOD INDUSTRIES CO SURA DEVELOPMENT AND INVESTM ALIA THE ROYAL JORDANIAN AIR JORDAN PHOSPHATE MINES READY MIX CONCRETE & CONSTR 1,080,005 756,300 434,713 389,874 297,771
2. Macroeconomic & Corporate News Jordan's Arab Bank group says 2017 net profit unchanged at $533mln Jordan's largest lender, Arab Bank Group, said on Saturday its 2017 net profit came to $533 million, barely changed from $532.7 million with revenues coming mainly from core banking activities. The bank, one of the Middle East's major financial institutions, said in a statement that operational profits rose 12 percent, without factoring exchange-rate fluctuations. Total loans rose 6 percent to $25.1 billion while deposits rose slightly to $33.8 billion at the end of last year compared with $33.6 billion in the same period the previous year. Arab Bank is one of the region's largest privately owned banks and operates in 30 countries. It owns 40 percent of Saudi Arabia's Arab National Bank. Arab Bank CEO Nemeh Sabbagh said liquidity continued to be robust and the bank's provisions coverage ratio for non-performing loans stood in excess of 100 percent. Jordan ends bread subsidy, doubling some prices, to help state finances Jordan said a decision to end subsidies on staple pitta bread that will lift its prices by between 60 and 100 percent will take effect on Saturday, the first such step in over two decades to ease the country's budget woes. The price of a kilo of white pitta bread was raised 60 percent to 0.40 dinars from 0.25 dinars and prices of large pita bread were nearly doubled. Other types of bread that most middle class Jordanians consume are not affected. The government has put in place a mechanism to offset the impact on the poor by cash transfers. The move, which takes effect after midnight, is the first major rise since 1996. A move to raise prices then sparked civil unrest when the government was forced to push for it to comply with International Monetary Fund requirements for extending new credit. Saudi billionaire Twitter investor freed after settlement One of the world's richest men, Prince Alwaleed bin Talal, has been released two months after being detained in Saudi Arabia's anticorruption purge. He was freed after a financial settlement was approved by the state prosecutor, an official said. Prince Alwaleed was held in November by a new anti-corruption body headed by the Saudi crown prince. More than 200 princes, politicians, and wealthy businessmen were detained in the crackdown. Since then, they have been held in the Ritz Carlton hotel in Riyadh, which is due to reopen on 14 February. Prince Alwaleed is the most high-profile detainee to have been released so far. Speaking to Reuters news agency before his release he said that no charges had been laid against him and expressed support for Crown Prince Mohammed bin Salman. The multi-billionaire has a vast array of business interests across the world, including holdings in Twitter and Apple. * 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.