Amman Stock Exchange Daily Report - 31 May

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1. Amman Stock Exchange 31-May-17 Close AMMAN SE GENERAL INDEX 2 ,175.18 % Change Year-to-Date (YTD) 0.68% 0.23% Daily Volume (shares) 2,341,780 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers JORDAN ISLAMIC BANK BANK OF JORDAN ISRAA ISLAMIC FINANCIAL NATIONAL CABLE & WIRE MANUF JORDAN KUWAIT BANK % Change 5.39 4.65 3.77 3.23 2.82 Top Traded Companies by Value BANK OF JORDAN ARAB BANK PLC JORDAN ISLAMIC BANK AL EQBAL CO FOR INVESTMENT P UNION INVESTMENT CORP * Source: Bloomberg Worst Performers BARTER CO FOR INVESTMENT & T MASAFAT FOR SPECIALIZED TRAN INTL CO FOR MEDICAL INVEST UNION TOBACCO & CIGARETTE AL-TAJAMOUAT FOR CATERING HS % Change (1.96) (1.96) (2.74) (3.02) (3.45) Top Traded Companies by Volume Value traded (JOD) 675,224.40 590,879.70 501,794.50 295,785.70 273,422.70 Volume traded (Shares) AL-TAJAMOUAT FOR CATERING HS 287,947 BANK OF JORDAN 257,119 RUM TOURIST TRANSPORTATION C 201,821 UNION INVESTMENT CORP 187,926 JORDAN ISLAMIC BANK 114,257
2. Macroeconomic & Corporate News Jordanian expat remittances reach $1.168b in first third of 2017 Expatriates’ remittances increased by 2.4 per cent to $1.168 billion during the first third of 2017, compared with $1.140 billion in the same period last year, the Central Bank of Jordan (CBJ) announced on Wednesday. Remittances of Jordanians abroad are considered among the CBJ’s most important sources of foreign currency, which also include tourism revenues, returns of national exports and foreign loans and grants, the Jordan News Agency, Petra, reported. Expatriates’ remittances increased by 3.3 per cent to $856 million during the first three months of 2017, compared with $607 million in the same period last year, Petra reported. The CBJ earlier announced that tourism revenues in the January-March period rose by 14.1 per cent, standing at $988 million, compared with $866 million in the same period of 2016. The total income from tourism and Jordanian expatriates’ remittances reached $1.844 billion by the end of the first quarter this year, Petra added. Unemployment surges to 18.2% in Q1 Unemployment soared to 18.2 per cent during the first quarter of 2017, rising by 3.6 points compared with the same period in 2016, the Department of Statistics (DoS) said on Monday. The agency said that the new figure is the result of a new mechanism and methodology used to measure joblessness in the country, heeding recommendations by the International Labour Organisation. The DoS figures were based on a survey involving a sample of 16,000 families across Jordan. By the end of March this year, unemployment among males stood at 13.9 per cent, according to the report, while 33 per cent of women surveyed were unemployed. In the fourth quarter last year, the joblessness rate was 15.8 per cent according to DoS. Price of fuel drops by JOD 0.10 The government on Wednesday decided to lower the prices of 90-octane gasoline, kerosene and diesel by JD0.1, while maintaining the price of 95-octane gasoline and gas cylinders unchanged for June. The government’s decision, which went into effect on June 1, was taken in accordance with the recommendations of the Fuel Pricing Committee, which said that the price of a barrel of crude oil dropped from $52.53 in April to $50.48 in May, the Jordan News Agency, Petra, reported. Under the decision, kerosene and diesel will be sold at JD0.480 per litre, down from JD0.490, marking a 2.08 per cent drop. The cost of one litre of unleaded 90-octane gasoline will drop by 1.48 per cent, to be sold in June at JD0.665, down from JD0.675 in May, while a litre of unleaded 95-octane gasoline will continue selling for the same price of JD0.890. A government committee meets monthly to adjust fuel prices to correspond with changes in oil prices on the international market. * 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.