Amman Stock Exchange Daily Report - 30 July

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1. Amman Stock Exchange 30-Jul-17 Close AMMAN SE GENERAL INDEX 2 ,150.33 % Change Year-to-Date (YTD) -0.65% -0.92% Daily Volume (shares) 3,726,448 6 MONTHS INDEX PERFORMANCE 2,280 2,260 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 Best/Worst Performing Companies Best Performers NATL PORTFOLIO SECURITIES ARABIAN STEEL PIPES BARTER CO FOR INVESTMENT & T JORDAN DUTY FREE SHOP ARAB POTASH/THE % Change 3.61 3.31 2.27 1.89 1.88 Top Traded Companies by Value UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO UNION TOBACCO & CIGARETTE SPECIALIZED INVESTMENT COMPO AL EQBAL CO FOR INVESTMENT P * Source: Bloomberg Worst Performers UNION INVESTMENT CORP INVEST BANK CO ZARKA EDUCATION & INVESTMENT AL-TAJAMOUAT FOR CATERING HS JORDAN STEEL % Change (3.45) (3.45) (3.92) (4.44) (4.76) Top Traded Companies by Volume Value traded (JOD) 1,073,388.00 761,238.80 474,466.40 394,161.70 355,749.80 Volume traded (Shares) UNION INVESTMENT CORP 751,385 JORDAN STEEL 504,104 SPECIALIZED INVESTMENT COMPO 356,100 AL-TAJAMOUAT FOR CATERING HS 311,185 RUM TOURIST TRANSPORTATION C 267,203
2. Macroeconomic & Corporate News Arab Potash achieves 42.8m net profit in first half The Arab Potash Company (APC) achieved a net profit of JD 42.8 million after tax, provisions and mining royalties in the first half of 2017, according to a company statement. Accordingly, the APC recorded a 49 per cent increase in its profit over that of the corresponding period of 2016, when its net profit stood at JD28.7 million, the company’s statement added. APC Board Chairman Jamal Al Sarayrah said there were signs of improvement in global potash prices after potash prices had dropped to a 10-year low. In July, an agreement was reached between buyers in China and the major global producers, regarding potash sales price in the coming contractual period, $ 11 higher per tonne than the previous contract, Sarayrah explained. The increase will impact the other markets and will have a positive effect on APC's financial results in the second half of this year, he added. Jordan makes 'considerable progress', challenges remain -- IMF Jordan’s economy is expected to grow by 2.3 per cent in 2017, according to projections by the International Monetary Fund (IMF), which highlighted the challenging environment facing the Jordanian economy, including below-potential economic growth, high unemployment and difficult social conditions. In a report on its website following the conclusion of the Article IV consultation with Jordan, the IMF said inflation in the Kingdom is expected to stabilise at around 2.5 per cent by the end of the year, with the current account deficit expected to gradually decline, supported by structural reforms and fiscal consolidation. Despite “considerable progress and recent improvements”, the outlook “remains challenging”, the organisation said, adding, however, that indicators for the first few months of 2017 showed a recovery in exports, tourism receipts and remittances relative to 2016. * 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.