Amman Stock Exchange Daily Report - 3 October

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1. Amman Stock Exchange 3-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,115.24 % Change Year-to-Date (YTD) -0.25% -2.54% Daily Volume (shares) 4,596,310 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers ARAB INTERNATIONAL HOTELS SALAM INTL TRANSPORT & TRAD ARAB EAST INVESTMENT AL-RAKAEZ INVESTMENT CO NATL PORTFOLIO SECURITIES % Change 5.04 3.28 3.23 2.78 2.67 Top Traded Companies by Value ALIA THE ROYAL JORDANIAN AIR AD-DULAYL INDUSTRIAL PARK CO ARAB EAST INVESTMENT MIDDLE EAST INSURANCE SPECIALIZED INVESTMENT COMPO * Source: Bloomberg Worst Performers JORDAN PETROLEUM REFINERY CO SINIORA FOOD INDUSTRIES CO CAPITAL BANK OF JORDAN UNION TOBACCO & CIGARETTE AD-DULAYL INDUSTRIAL PARK CO % Change (2.78) (2.95) (3.19) (4.01) (4.35) Top Traded Companies by Volume Value traded (JOD) 606,798 433,664 217,522 165,000 158,480 107,213 ALIA THE ROYAL JORDANIAN AIR MIDDLE EAST INSURANCE JORDAN PETROLEUM REFINERY CO AD-DULAYL INDUSTRIAL PARK CO SPECIALIZED INVESTMENT COMPO ARAB PLC ARAB BANK EAST INVESTMENT Volume traded (Shares) 287,867 283,800 269,234 195,256 158,040
2. Macroeconomic & Corporate News ‘Foreign direct investment up by 87% in Q2’ State Minister for Investment Affairs Mohannad Shehadeh said foreign direct investment (FDI) in Jordan rose by 87 per cent during the 2nd quarter of 2017 compared to the same period of last year. The remarks came during a discussion panel organised by the American Chamber of Commerce in Jordan (AmCham) and attended by the chamber’s Chairman Mohammed Bataineh, the US Chargé d’Affaires in Amman Henry Wooster and representative from the US embassy and USAID, in addition to representative of the Jordanian public and private sectors. During the panel, Shehadeh outlined the ministry’s measures to encourage investment including the establishment of a fast lane for investors at the Queen Alia International Airport and reducing the number of security approvals and registration procedures. Hike in housing loans, drop in personal, car loans recorded The value of personal and car loans granted by banks working in Jordan, both commercial and Islamic, decreased in 2016, while housing loans registered a “remarkable” increase in the same year, according to the Association of Banks in Jordan (ABJ). ABJ data showed that the value of personal loans went down by 1.1 per cent to JD1.333 billion in 2016, compared with JD1.348 billion in 2015, the Jordan News Agency, Petra, reported on Tuesday, citing the 2016 ABJ annual report. In 2016, interest rates for personal loans ranged between 4.5 and 13.5 per cent in commercial banks, while the murabaha rates for Islamic banks ranged between 2 and 7.75 per cent. Only citizens should benefit from subsidies Prime Minister Hani Mulki has said that all subsidised commodities are being currently under study regarding the sales tax, stressing that only citizens should benefit from subsidies. Speaking at a meeting with municipal council presidents held at Al Hussein Cultural Centre on Tuesday, Mulki said that it is unacceptable for non-Jordanians to benefit from tax exemptions, which affect the Jordanian economy and citizens, especially in light of the fact that about one-third of the Kingdom’s population are non-Jordanians and they benefit from tax exemptions on goods. The meeting was part of a dialogue initiated by the government with stakeholders to discuss solutions to the economic challenges facing Jordan. The prime minister reviewed the main features and the pillars of the financial and structural reform programme, pointing out that the economic challenges that Jordan has been going through for several years are due to different reasons, including external ones like the Syrian refugee influx, and internal reasons like the unjustified sales tax exemptions. * 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.