Amman Stock Exchange Daily Report - 6 December

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1. Amman Stock Exchange 6-Dec-16 Close AMMAN SE GENERAL INDEX 2 ,165.73 % Change Year-to-Date (YTD) -0.01% 1.38% Daily Volume (shares) 5,822,122 6 MONTHS INDEX PERFORMANCE 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers ZARA INVESTMENTS ARAB INTERNATIONAL HOTELS REAL ESTATE DEVELOPMENT SALAM INTL TRANSPORT & TRAD UNION TOBACCO & CIGARETTE % Change 4.65 3.31 2.94 2.86 2.82 Top Traded Companies by Value REAL ESTATE DEVELOPMENT ARAB BANK PLC JORDAN MASAKEN FOR LAND & IN JORDAN PETROLEUM REFINERY CO JORDAN ISLAMIC BANK * Source: Bloomberg Worst Performers JORDAN PRESS FOUNDATI/AL-RAI DAR AL DAWA DEVELOPMENT &INV AL-RAKAEZ INVESTMENT CO AL EQBAL CO FOR INVESTMENT P NATIONAL CABLE & WIRE MANUF % Change (2.50) (2.75) (2.78) (2.86) (3.13) Top Traded Companies by Volume Value traded (JOD) 1,223,198.00 951,338.70 240,543.10 204,852.90 161,607.50 Volume traded (Shares) REAL ESTATE DEVELOPMENT 3,597,626 SALAM INTL TRANSPORT & TRAD 204,400 JORDAN EMIRATES DIMENSIONS 200,000 AD-DULAYL INDUSTRIAL PARK CO 190,682 ARAB BANK PLC 155,232
2. Macroeconomic & Corporate News Mulki thanks US for support, says Jordan seeks to attract more investments During a meeting, attended by Minister of State for Media Affairs Mohammad Momani and Minister of State for Economic Affairs Yusuf Mansur, Mulki commended Washington’s support for aid to Jordan, which he said contributes to implementing development projects and supports the Treasury. Speaking to Special Representative for Commercial and Business Affairs at the US Department of State Ziad Haider, the premier added that since signing the agreement on qualified industrial estates and the free trade deal, the US has become Jordan’s main trade partner, the Jordan News Agency, Petra, reported. The Free Trade Agreement (FTA) with the US contributed to increasing the volume of trade and boosted the quality of Jordanian products exported to the US market, Mulki said. ‘Energy fund assistance to cover 30-50% of cost of renewable energy systems at households’ The Jordan Renewable Energy and Energy Efficiency Fund will start offering citizens assistance covering 30 to 50 per cent of the cost of installing renewable energy and energy-efficient systems at their households, Director Rasmi Hamzeh said on Tuesday. He added that the remainder of the cost will be paid through different financers, the Jordan News Agency, Petra, reported. Implementation of the project will cover all of the Kingdom’s governorates, through different institutions, such as the Economic and Social Association of Retired Servicemen and Veterans, electricity distribution companies, commercial banks and local associations, Hamzeh said. The director noted that the project aims at lowering energy consumption and encouraging investments in renewables, as well as increasing the use of solar heaters in the Kingdom to reach 25 per cent in 2020, under a programme to support households. The fund’s strategy targets installing 200,000 solar heaters, 100,000 photovoltaic systems and 1 million energy saving lighting units in houses across the Kingdom, Hamzeh highlighted. Kingdom secures $2.8b in grants, soft loans so far in 2016 Planning and International cooperation Minister Imad Fakhoury on Monday said that the total sum Jordan has received in grants for the Jordan Response Plan (JRP) to the Syrian crisis 2016-2018 has reached $1.02 billion, accounting for 38.4 per cent of the total plea. JRP aims to enhance Jordan's resilience and sustain the services provided to host communities and Syrian refugees. Donors committed to $700 million grants under the Jordan Compact over 2016-2018 to fund priority projects that target host communities. The “Jordan Compact”, which was presented at the 2016 London conference, sets out a series of major commitments by donors and Jordan aimed at improving the resilience of refugee and host communities. Fakhoury, according to a ministry statement, stressed that the grants came as a result of the London meeting, which “begot additional commitments to the yearly support for the Kingdom to fund the JRP”. Of JRP's additional grants, $325.9 million is allocated to cover the additional costs generated from the Syrian refugee crisis, $216 million destined for the refugees and $251 million to implement priority projects that target host communities. Jordanian and Arab investors are set to buy 20 percent stake of Arab Bank Jordanian businessmen and Chairman of the Arab Bank, Sabih al-Masri, announced on Tuesday that he and a group of Jordanian and Arab investors are buying Saudi Oger's 20 percent stake in the Arab Bank. In a statement published by the Amman Stock Exchange, Al-Masri said Saudi Oger agreed to sell its stake in the bank. Al-Masri, who already owns 1.314 percent of the bank's shares, added that the purchase is currently being finalized. * Source: Bloomberg, Jordan Times, Zawya, Petra News Agency 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. 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