Amman Stock Exchange Daily Report - 29 August

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1. Amman Stock Exchange 29-Aug-17 Close AMMAN SE GENERAL INDEX 2 ,117.51 % Change Year-to-Date (YTD) 0.61% -2.43% Daily Volume (shares) 4,185,724 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers CAPITAL BANK OF JORDAN UNITED CABLE INDUSTRIES CO JORDAN PETROLEUM REFINERY CO BARTER CO FOR INVESTMENT & T IRBID DISTRICT ELECTRICITY % Change 6.90 5.00 4.73 4.55 4.06 Top Traded Companies by Value CAPITAL BANK OF JORDAN ARAB BANK PLC JORDAN PETROLEUM REFINERY CO SPECIALIZED INVESTMENT COMPO UNION INVESTMENT CORP * Source: Bloomberg Worst Performers AL-RAKAEZ INVESTMENT CO EL-ZAY READY WEAR MANUF CO UNION TOBACCO & CIGARETTE PROFESSIONAL FOR REAL ESTAT JORDANIAN PHARMACEUTICAL MAN % Change (2.78) (3.03) (3.84) (4.44) (4.55) Top Traded Companies by Volume Value traded (JOD) 520,949 511,909 352,691 332,314 285,091 CAPITAL BANK OF JORDAN BARTER CO FOR INVESTMENT & T UNITED CABLE INDUSTRIES CO SPECIALIZED INVESTMENT COMPO UNION INVESTMENT CORP Volume traded (Shares) 562,065 491,628 443,348 318,489 231,126
2. Macroeconomic & Corporate News Debt ratio to GDP slightly down by July 31 The internal and external public debt dropped down to 94.1 per cent of the GDP by the end of July compared to 95.1 in the same period of 2016, the Jordan News Agency, Petra, reported on Tuesday. According to the Finance Ministry, the total sum of the debt amounted to JD26.550 billion, compared with JD26.092 billion during the same period last year. The ministry noted that JD7.6 billion of the debt is owed by the National Electricity Company, adding the rate is expected to remain the same until the end of 2017. The state-owned company has incurred losses after the so-called Arab Spring and subsequent terror attacks on gas pipelines disrupted the flow of the relatively cheap Egyptian gas. Also on Tuesday, the ministry said that the general budget’s deficit before external grants until the end of July reached JD674 million, compared with JD565.5 million in the same period of 2016. As for the domestic revenues, they increased to JD3.966.5 billion, up from JD3.862 last year. Border crossing with Iraq to reopen in major boost to ties Jordan will open its main border crossing with Iraq on Wednesday for the first time since 2015, after the Iraqi forces have gained control of the main highway to Baghdad from Daesh militants, officials said on Tuesday. Iraqi troops pulled out of the Turaibil post in the summer of 2014 after the militants secured nearly all the official crossings of the western frontier as they swept through a third of the country. Commercial traffic continued for a year after Iraq launched an offensive in July 2015 to reclaim the area and deprive the militants of funds raised from truck drivers forced to pay on cargo coming in from Jordan. Officials say customs and border arrangements have been finalised, with security measures in place to ensure the 550km highway from the border to Baghdad was safe. “The opening of the crossing is of great importance to Jordan and Iraq ... It’s a crucial artery. Jordan and Iraq have been discussing reopening it for a while,” Interior Minister Ghaleb Zu’bi said last week. Jordan improves rank in tourism competitiveness index Jordan has gained two places in the Travel and Tourism Competitiveness Index (TTCI) 2017, ranking 75th compared to its previous 77th rank in 2015, the Jordan News Agency, Petra, reported. The index is part of the World Economic Forum (WEF), and seeks to measure “the set of factors and policies that enable the sustainable development of the travel and tourism sector, which in turn, contributes to the development and competitiveness of a country”. The Jordan Strategy Forum said that the sub-index that most contributed to improving Jordan's rank was identifying the priorities of travel and tourism. On the same index, Jordan ranked 8th among Arab countries following Egypt. TTCI covered 136 countries this year. * 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.