Amman Stock Exchange Daily Report - 28 May

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1. Amman Stock Exchange 28-May-17 Close AMMAN SE GENERAL INDEX 2 ,156.24 % Change Year-to-Date (YTD) -0.01% -0.65% Daily Volume (shares) 3,138,416 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers UNITED IRON & STEEL MANUFACT JORDAN MASAKEN FOR LAND & IN FUTURE ARAB INVESTMENT CO JORDANIAN ELECTRIC POWER NATL PORTFOLIO SECURITIES % Change 3.41 2.92 2.56 2.53 1.79 Top Traded Companies by Value ARABIAN AVIATION INVESTMENT BANK OF JORDAN RUM TOURIST TRANSPORTATION C JORDAN PETROLEUM REFINERY CO UNION INVESTMENT CORP * Source: Bloomberg Worst Performers ISRAA ISLAMIC FINANCIAL ARAB EAST INVESTMENT SINIORA FOOD INDUSTRIES CO UNITED FINANCIAL INVESTMENTS AL SANABEL INTERNATIONAL CO % Change (3.39) (3.95) (4.21) (4.60) (4.65) Top Traded Companies by Volume Value traded (JOD) 550,755.60 524,293.30 390,450.20 367,971.30 281,394.50 Volume traded (Shares) RUM TOURIST TRANSPORTATION C 445,530 AL AMAL FINANCIAL INVESTMENT 347,968 AL-TAJAMOUAT FOR CATERING HS 276,337 ARAB EAST INVESTMENT 225,952 BANK OF JORDAN 203,217
2. Macroeconomic & Corporate News GCC demand for Jordan's agricultural produce expected to rise Jordan’s exports of sheep and agricultural produce to the Arab Gulf countries are expected to increase with the fasting month of Ramadan, the Ministry of Agriculture said on Sunday. There is a growing demand for the country’s fruits and vegetables, especially summer fruits, coming from the Gulf countries, ministry spokesperson Nimer Haddadin said, adding that sheep exports are also expected to increase as consumption rises during Ramadan. “A total of 2,150 tonnes of fruits and vegetables were exported to the Gulf countries on Saturday, and their demand is expected to increase,” Haddadin said. He indicated that the recent ban by the United Arab Emirates (UAE) on some of the Kingdom’s types of vegetables did not affect the volume of agricultural exports to the Gulf, indicating that the Kingdom’s main vegetable exports to the Gulf are tomato and cucumber, among other crops. Abu Dhabi Fund for Development finances 31 projects worth $1.55billion in Jordan The Abu Dhabi Fund for Development, ADFD, has financed 31 projects worth AED5.7 billion in Jordan. In its report which was released today to mark Jordan’s 71st Independence Day, it stated that ADFD and the Government of Jordan have enjoyed close ties dating back to 1974. Their constructive co-operation aims to achieve their sustainable development goals in vital economic sectors that benefit the Jordanian population. The fund announced that by the end of 2016, it had provided financing for 31 development projects with a cumulative value of AED5.7 billion through government grants and concessionary loans. The projects covered several sectors, namely mining, water and irrigation, transport, housing, agriculture, energy, education and healthcare. Jordan PM ensures fair prices of fruits and vegetables in Ramadan Prime Minister Hani Mulki on Wednesday stressed that the government is committed to ensuring high quality and suitable prices of fruits and vegetables for consumers, the Jordan News Agency, Petra, reported. During a visit to the central green market of Amman, Mulki said that Jordanian agricultural produce provided to domestic markets are of high quality and have reached several international markets, noting the importance of preserving these features. * 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.