Amman Stock Exchange Daily Report - 5 September

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1. Amman Stock Exchange 30-Aug-17 Close AMMAN SE GENERAL INDEX 2 ,157.26 % Change Year-to-Date (YTD) 1.88% -0.60% Daily Volume (shares) 4,623,227 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers JORDANIAN ELECTRIC POWER JORDAN PETROLEUM REFINERY CO AL EQBAL CO FOR INVESTMENT P NATL PORTFOLIO SECURITIES JORDAN PHOSPHATE MINES % Change 7.14 5.90 4.97 4.94 4.87 Top Traded Companies by Value AL EQBAL CO FOR INVESTMENT P JORDAN PETROLEUM REFINERY CO ARAB BANK PLC CAPITAL BANK OF JORDAN BANK OF JORDAN * Source: Bloomberg Worst Performers ARAB EAST INVESTMENT INTL CO FOR MEDICAL INVEST SINIORA FOOD INDUSTRIES CO SPECIALIZED INVESTMENT COMPO AL-TAJAMOUAT FOR TOURISTIC P % Change (1.54) (1.54) (1.54) (1.90) (2.27) Top Traded Companies by Volume Value traded (JOD) 3,426,203 628,168 511,761 418,743 406,043 CAPITAL BANK OF JORDAN JORDAN STEEL BARTER CO FOR INVESTMENT & T NATIONAL CABLE & WIRE MANUF SPECIALIZED INVESTMENT COMPO Volume traded (Shares) 428,598 425,241 406,618 349,159 313,441
2. Macroeconomic & Corporate News Iraq-Jordan border post reopening will boost trade Trade between Jordan and Iraq received a major fillip on Wednesday following the reopening of their main border crossing after a twoyear closure. Called Karama in Jordan and Tureibil in Iraq, the post sits on a 900km route linking Amman and Baghdad. The passage on the 180km border was closed soon after Iraqi troops withdrew in 2014 when Daesh (the self-proclaimed Islamic State of Iraq and the Levant) terrorists seized control of the crossings in the western frontier. By then, Daesh had swept through a third of Iraq. The restoration of cross-border traffic comes close on the heels of Iraqi victories in Mosul and Tal Afar. Anbar is celebrating in the hope that revival of trade will also bring stability back to the border province that has witnessed heavy fighting to drive out Daesh. Jordan too will be celebrating. The civil wars in Iraq and Syria have hurt the kingdom’s economy. Exports plummeted, power was in perennial shortage, and factories remained shut. Iraq was Jordan’s main export market, accounting for almost a fifth of domestic exports or about $1.2 billion (Dh4.41 billion) a year, according to the International Monetary Fund. When the route was closed in 2015, trade dropped by more than two-thirds. Iraq also catered to Jordan’s energy needs, shipping 10,000 to 12,000 barrels a day of oil by road, which is about a 20th of the kingdom’s daily requirements. Of course, it came at preferential rates. So the Tureibil route is a lifeline for Jordan. The resumption of trade will indeed spur economic growth in the kingdom. It will also breathe new life into its starving energy sector. The wheels of the economy in Jordan and Iraq will be whirring faster soon. U.S. provides $1mln to support Jordan's agriculture sector The U.S. Department of Agriculture (USDA) is providing $1 million, as part a two-year operational plan, to support Jordan's agriculture sector. The U.S. grant was announced during a meeting between Minister of Agriculture, Khalid Al-Hanifat, and a USDA delegation, on Monday, held discussed ways to enhance the capacities of the ministry's cadres and benefit from the U.S. expertise in the field of water harvesting and rangeland management in Jordan. Al-Hanifat hailed the U.S. support to the Jordanian government, in general, and to the Kingdom's agriculture sector, in particular, in terms of benefiting from the U.S. expertise in the field of water harvesting by using modern methods to maintain rangeland, develop the desert and adapt to climate change. The USDA to provide technical assistance to the Ministry of Agriculture and related bodies to build institutional capacities in the field of water harvesting and rangeland management and to analyze strengths and weaknesses to enhance capacities and adopt the necessary programs and geographical systems in cooperation with a US university specialized in this field. * 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.