Amman Stock Exchange Daily Report - 30 January

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1. Amman Stock Exchange 30-Jan-17 Close AMMAN SE GENERAL INDEX 2 ,164.24 % Change Year-to-Date (YTD) 0.34% -0.28% Daily Volume (shares) 3,352,977 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers HOUSING BANK FOR TRADE AND F ZARA INVESTMENTS NATL PORTFOLIO SECURITIES INTL CO FOR MEDICAL INVEST UNION INVESTMENT CORP % Change 7.41 4.65 4.11 4.05 3.48 Top Traded Companies by Value ARAB BANK PLC AL SANABEL INTERNATIONAL CO JORDAN COMMERCIAL BANK UNION INVESTMENT CORP MASAFAT FOR SPECIALIZED TRAN * Source: Bloomberg Worst Performers CAPITAL BANK OF JORDAN AL EQBAL CO FOR INVESTMENT P SPECIALIZED INVESTMENT COMPO JORDANIAN REAL ESTATE FOR DE SALAM INTL TRANSPORT & TRAD % Change (2.41) (2.88) (3.13) (3.57) (4.44) Top Traded Companies by Volume Value traded (JOD) 475,492.30 347,240.30 243,270.00 231,133.00 190,487.50 Volume traded (Shares) AL SANABEL INTERNATIONAL CO 408,518 MASAFAT FOR SPECIALIZED TRAN 332,172 AD-DULAYL INDUSTRIAL PARK CO 258,390 BARTER CO FOR INVESTMENT & T 204,231 UNION INVESTMENT CORP 195,437
2. Macroeconomic & Corporate News Gov’t to generate revenues through tax hike on non-essentials The government will take several belt-tightening measures and increase sales tax on several commodities to generate JD450 million in revenues this year to help offset the budget deficit, Minister of Finance Omar Malhas said Monday. As part of economic reforms under the International Monetary Fund's (IMF) Extended Fund Facility, the government will take a series of measures that “will not affect the limited- and middle-income brackets of society”, said the minister at a meeting with editors-in-chief and heads of economic departments at media outlets. Prices of commodities that are not considered essential items and not consumed by the majority of Jordanians will have a sales tax increase. Around 35 per cent of the JD450 million that need to be generated this year will come from the increase in sales tax on these goods and services, he said. The 2017 state budget deficit, after grants, shrank to JD827 million or 2.8 per cent of GDP, compared with JD1.097 billion or 4 per cent of GDP in 2016. Stable profits for Arab Jordan Investment Bank (AJIB) AJIB released its preliminary results which showed stable profitability at the levels of JOD 33.47 million of net income before tax in 2016. Total size of assets have grown to reach JOD 1.81 billion in 2016 as compared to the same period last year JOD 1.79 million. * 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.