Amman Stock Exchange Daily Report - 29 April

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1. Amman Stock Exchange 29-Apr-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,181.20 -0.64% Year-to-Date (YTD) 2.56% Daily Volume (shares) 5,291,815 Daily Turnover (JOD) 8,264,014 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies HOUSING BANK FOR TRADE AND F SPECIALIZED INVESTMENT COMPO AFAQ HOLDING FOR INVESTMENT INJAZ FOR DEVELOPMENT AND PR HAYAT PHARMACEUTICAL INDUSTR Worst Performing Companies % Change 5.71 4.95 4.67 3.23 3.08 Top Traded Companies by Volume (Shares) SURA DEVELOPMENT AND INVESTM SABA'EK INVESTMENT CAPITAL BANK OF JORDAN JORDAN PETROLEUM REFINERY CO ALIA THE ROYAL JORDANIAN AIR * Source: Bloomberg 516,505 420,200 387,004 380,020 331,110 INVEST BANK CO JORDAN ISLAMIC BANK ARAB FINANCIAL INVEST CO FIRST INSURANCE ARAB INTERNATIONAL CO FOR IN - % Change (6.25) (6.58) (6.77) (6.90) (7.24) Top Traded Companies by Value (JOD) ARAB BANK PLC JORDAN PETROLEUM REFINERY CO JORDAN ISLAMIC BANK CAPITAL BANK OF JORDAN UNION LAND DEVELOPMENT CORP 2,119,028 1,087,244 740,551 400,832 338,857
2. Macroeconomic & Corporate News Arab Bank Group reports first quarter 2018 profit of $220.3m Arab Bank Group reported $220.3 million in net profit after tax for the first quarter of 2018. Its net operating income before provisions and taxes reached $335 million, recording a double digit growth of 15 per cent, according to a statement of the Arab Bank Group. Loans and advances grew by 5 per cent to reach $25.5 billion, while customer deposits stood at $33.4 billion. Sabih Masri, chairman of the Board of Directors said the performance of the Arab Bank attests to the success of the Group in generating strong results despite a challenging operating environment. Nemeh Sabbagh, chief executive officer, stated that the group continues with its growth with first quarter results recording a solid 15 per cent increase in net operating income. APC reports JD25.7m net profit in Q1 The Arab Potash Company’s (APC) net profit after taxes, provisions and mining royalties for Q1, 2018 reached JD25.7 million, according to a company statement. In a statement carried by the Jordan News Agency, Petra, APC President and CEO Brent Heimann said the mining company has achieved a “record” volume of potash production, reaching 597,000 metric tonnes during the first quarter of 2018 compared with 557, 000 metric tonnes in the same period in 2017. He said the APC’s sales revenues increased by 10 per cent during the first quarter of this year compared with those of the same period last year, attributing the rise to higher potash prices at the international level. During last week’s general assembly meeting Heimann said that APC and its subsidiary and affiliate companies boosted the Kingdom’s foreign currency reserves by $845 million in 2017. Jordan, China in ‘serious talks’ to build gas-cooled $1b reactor The Jordan Atomic Energy Commission (JAEC) is in “serious and advanced” talks with China National Nuclear Corporation (CNNC) to build a 220 megawatt High Temperature Gas-Cooled Reactor (HTR) in the Kingdom, the commission’s Chairman Khaled Toukan said on Saturday. An agreement for building the almost $1 billion worth helium gas-cooled reactor, a fourth generation reactor, is expected to be signed in 2019 between the two sides, Toukan told The Jordan Times in an interview on Saturday. The JAEC is currently studying two locations for the reactor including one in the Aqaba Governorate, Toukan said. “We are in advanced and serious talks with CNNC regarding this advanced and inherently safe reactor,” he told The Jordan Times. A large state-owned enterprise under direct management by the central government of China, CNNC is the country’s only exporter of nuclear power plants and has already sold seven power units and eight reactors to seven countries. It is currently in talks with more than 40 other countries, according to its website. According to Toukan, the Jordanian reactor is expected to be operational in 2025. * 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.