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Amman Stock Exchange Daily Report - 30 January

IB Insights
By IB Insights
6 years ago
Amman Stock Exchange Daily Report - 30 January

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  1. Amman Stock Exchange 30-Jan-18 AMMAN SE GENERAL INDEX 2 ,180 Close % Change 2,194.39 0.17% Year-to-Date (YTD) 3.18% Daily Volume (shares) 3,292,540 Daily Turnover (JOD) 5,346,559 6 MONTHS INDEX PERFORMANCE 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best Performing Companies JORDANIAN PHARMACEUTICAL MAN INJAZ FOR DEVELOPMENT AND PR AL-TAJAMOUAT FOR CATERING HS AL-RAKAEZ INVESTMENT CO AL EQBAL CO FOR INVESTMENT P Worst Performing Companies % Change 4.26 4.22 3.33 2.78 2.78 2.56 Top Traded Companies by Value (JOD) AL EQBAL CO FOR INVESTMENT P METHAQ REAL ESTATE INVESTMEN SPECIALIZED INVESTMENT COMPO AKARY FOR INDUSTRIES AND REA RUM TOURIST TRANSPORTATION C * Source: Bloomberg BARTER CO FOR INVESTMENT & T MASAFAT FOR SPECIALIZED TRAN UNITED IRON & STEEL MANUFACT JORDAN MASAKEN FOR LAND & IN EMMAR INVESTMENTS & REAL EST % Change (2.63) (3.77) (3.95) (4.95) (5.26) Top Traded Companies by Volume (Shares) 1,900,218 405,980 402,925 280,711 250,477 SPECIALIZED INVESTMENT COMPO RUM TOURIST TRANSPORTATION C INTERMEDIATE PETROCHEMICHALS ARAB EAST INVESTMENT METHAQ REAL ESTATE INVESTMEN 518,150 309,387 246,000 207,750 204,010
  2. Macroeconomic & Corporate News Stakeholders welcome police plan to protect investors Economists and industrialists on Monday welcomed the opening of a Public Security Department (PSD) special independent unit to provide all kinds of protection to investors as an “important and much needed step”.Earlier this month, PSD Director Maj. Gen. Ahmad Faqih instructed the establishment of the special independent unit with the aim of having in place direct, specialised and “strict” methods in dealing with investors’ complaints of violations that include blackmailing and extortion.This is an “important and vital unit because of the recent attacks on investment facilities”, said Director General of Jordan Chamber of Industry Maher Mahrouqi. Protecting such facilities should be as imperative as “protecting other industries and entities because it contributes to the country’s economy”, Mahrouqi told the Jordan Times. President of the Textile, Garment and Clothes Union Fathalla Emrani agreed, saying that the development constitutes a “positive and good” step by the PSD that shows they care about the safety and security of guest projects. "Such a unit is extremely important and timely but what we are looking at is how it will function. We expect the law- ‘Value of investments in logistics transport, services reached JD20m in ASEZA’ In 2017, the value of investments in logistics transport and support services in the Aqaba Special Economic Zone Authority (ASEZA) amounted to about JD20 million, the Jordan News Agency, Petra, reported on Monday. The length of stay for containers in Aqaba port decreased from 13 days to seven days, while customs control witnessed an increase and organised smuggling and tax evasion dropped.The ASEZA Chief Commissioner Nasser Shraideh said the customs and warehousing procedures in the transport and handling system increased by 40 per cent and the cost of each container was reduced to JD250. The number of containers in 2017 reached 64,200 with an increase of 33.5 per cent, and the exported containers witnessed an increase of 2 per cent. Shraideh pointed out that a safe area was allotted by the port authority to store hazardous materials. Int’l pharmaceutical companies urged to give Jordan preferential prices Health Minister Mahmoud Sheyyab has called on international pharmaceutical companies to give Jordan preferential prices, the Jordan News Agency, Petra, reported on Monday. Sheyyab made the remarks during meetings with administrations of major international companies, which were held on the sidelines of the recent World Economic Forum in Davos, Switzerland. The minister said that the Kingdom should receive preferential prices due to incurring extra burdens as a result of hosting Syrian refugees. * 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.