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Amman Stock Exchange Daily Report - 6 December

IM Insights
By IM Insights
5 years ago
Amman Stock Exchange Daily Report - 6 December


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  1. Amman Stock Exchange 6-Dec-18 AMMAN SE GENERAL INDEX 2 ,150 Close % Change 1,854.34 -0.54% Year-to-Date (YTD) -12.81% Daily Volume (shares) 2,217,540 Daily Turnover (JOD) 2,338,299 6 MONTHS INDEX PERFORMANCE 2,100 2,050 2,000 1,950 1,900 1,850 1,800 Best Performing Companies SALAM INTL TRANSPORT & TRAD JORDAN DAIRY CENTURY INVESTMENT GROUP JORDANIAN PHARMACEUTICAL MAN RUM TOURIST TRANSPORTATION C Worst Performing Companies % Change 5.00 4.97 4.61 4.17 3.33 Top Traded Companies by Volume (Shares) SURA DEVELOPMENT AND INVESTM SPECIALIZED INVESTMENT COMPO SABA'EK INVESTMENT AMMOUN INTERNATIONAL FOR INV PROFESSIONAL FOR REAL ESTAT * Source: Bloomberg REAL ESTATE DEVELOPMENT AL EQBAL CO FOR INVESTMENT P BARTER CO FOR INVESTMENT & T FIRST FINANCE CORP SOUTH ELECTRONICS % Change (4.35) (4.50) (4.55) (5.66) (7.14) Top Traded Companies by Value (JOD) 382,100 228,245 100,310 100,200 100,115 ARAB BANK PLC SPECIALIZED INVESTMENT COMPO JORDAN PETROLEUM REFINERY CO SURA DEVELOPMENT AND INVESTM METHAQ REAL ESTATE INVESTMEN 401,190 229,809 204,368 141,383 125,180
  2. Macroeconomic & Corporate News 30.6-million-euro grant from the EU to build 10 new schools in Jordan The Ministry of Planning and International Cooperation and the German Development Bank (KfW) on Wednesday signed a grant agreement worth 30.6 million euros to complete the programme of school construction in Jordan. The grant agreement, signed by Minister Mary Kawar and Director of the Amman Office of KfW Christian Schaub, aims at building, equipping and furnishing 10 new government schools. Kawar was quoted, in a Planning Ministry statement to The Jordan Times, as saying that the programme is supported by the EU Regional Trust Fund in Response to the Syrian Crisis, the “Madad Fund”, in order to contribute to easing the pressure on public schools receiving large numbers of students beyond the capacity as a result of the enrolment of thousands of Syrian students in government schools. Madad was launched in 2014 as a more flexible and rapid tool to respond to changing Senate president, Emirati ambassador discuss UAE investment in Jordan The UAE has always been a supporter to Jordan, Senate President Faisal Fayez said on Wednesday, calling for more Emirati investments in Jordan. During a meeting with Emirati Ambassador to Jordan Matar Al Shamsi, Fayez added that Jordan enjoys a good investment environment in all fields, coupled with a qualified workforce, the Jordan News Agency, Petra, reported. He also praised the “deep-rooted, strategic” relations between the two countries, as Shamsi said the trade exchange volume between Abu Dhabi and Jordan reached $1.345 billion in 2017. Emirati investments in Jordan exceeded $17 billion last year, Shamsi underlined, as Jordanians commercial and investment activities ranked first in the UAE. Jordan's real estate trading drops by 14% in 2018 Trading volume in the Kingdom’s real estate market fell to JD4.815 billion by the end of November 2018, a 14-per cent drop from the same period in 2017, when the total deals’ value reached JD5.629 billion. The monthly report on the real estate in the Kingdom, issued by the Department of Land and Survey (DLS) on Tuesday, showed that northern Amman Registration Office ranked first in the sector, with a trade volume of JD1.002 billion, followed by Central Amman Registration Office with JD597 million, while Southern Amman Office saw JD513 million worth of transactions. The trading volume at Amman offices and the DLS headquarters amounted for 69 per cent of the national figure, totalling JD3.320 billion. Meawhile, the rest of the Kingdom’s registration offices accounted for 31 per cent of real estate trade, totalling JD1495 million. * 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.