Amman Stock Exchange Daily Report - 4 March

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1. Amman Stock Exchange 4-Mar-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,215.25 -0.09% Year-to-Date (YTD) 4.16% Daily Volume (shares) 4,755,470 Daily Turnover (JOD) 5,941,235 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies REAL ESTATE & INVESTME/THE INJAZ FOR DEVELOPMENT AND PR JORDANIAN EXPATRIATES INV HL UNITED IRON & STEEL MANUFACT UNION LAND DEVELOPMENT CORP Worst Performing Companies % Change 6.48 3.95 3.57 3.57 2.72 Top Traded Companies by Volume (Shares) SABA'EK INVESTMENT RUM TOURIST TRANSPORTATION C UNION INVESTMENT CORP UNION TOBACCO & CIGARETTE UNION LAND DEVELOPMENT CORP * Source: Bloomberg 950,500 350,851 312,650 231,183 199,661 AL-TAJAMOUAT FOR TOURISTIC P FUTURE ARAB INVESTMENT CO HAYAT PHARMACEUTICAL INDUSTR INTL CO FOR MEDICAL INVEST INTERNATIONAL BROKERAGE AND - % Change (2.44) (2.63) (2.75) (3.92) (7.69) Top Traded Companies by Value (JOD) ARAB BANK PLC SABA'EK INVESTMENT UNION TOBACCO & CIGARETTE AL EQBAL CO FOR INVESTMENT P UNION INVESTMENT CORP 728,996 665,350 513,236 391,872 378,922
2. Macroeconomic & Corporate News Indian pundits, stakeholders see strong chances of greater Jordan-India cooperation Indian economists, opinion leaders and business representatives said Jordan can be a hub for Indian businesses seeking to penetrate several world markets as they can benefit from free-trade agreements the Kingdom has entered with heavy-weight international partners.The Indian economists and opinion leaders interviewed online by The Jordan Times on Saturday said they highly valued His Majesty King Abdullah’s visit to India last week, saying they were impressed with the 12 agreements the two countries signed and that the scope for greater cooperation between India and Jordan is brighter than ever before.They also lauded Jordan’s recent decision to provide visas to Indian nationals upon arrival.Jordan’s position, stability and skilled workforce coupled with the free trade agreements with the US, Turkey and access to Iraq, Africa and Gulf countries as well as deals with Europe and several other states were highlighted as key benefits for Indian businesses seeking a foothold in the region. Social security fund’s assets reach JD9.3b in 2017 Social Security Investment Fund’s (SSIF) total assets reached around JD9.274 billion at the end of last year, compared with around JD8.3 billion in 2016, with an increase of JD984.1 million, representing an increase of 11.4 per cent.In an SSIF statement e-mailed to The Jordan times, SSIF Executive Chairperson Suhair Al-Ali noted that the comprehensive income edged up last year, registering JD343.5 million at the end of the year, compared with JD137.5 million at the end of 2016, representing an increase of 150 per cent, as realised and unrealised losses in the fund’s stock portfolio went down last year. Arabisation of online content major opportunity for Jordan-India cooperation’ ICT Minister Majd Shweikeh has stressed the importance of the Arabisation of online content as an investment opportunity for Jordan-India cooperation, the Jordan News Agency, Petra, reported Saturday.During her participation in the Jordanian-Indian business forum in New Delhi, Shweikeh said that the Arabic content in the information technology (IT) sector does not exceed 3 per cent.The minister noted an Indian interest in Arabising content, cyber security and e-commerce, stressing that Jordan can be a launching pad for IT companies to enter the regional markets.She stressed that the youth in the Kingdom, who are the majority of Jordanians, represent an opportunity for investors, along with the infrastructure and investment incentives in the ICT sector. * 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.