Amman Stock Exchange Daily Report - 6 May

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1. Amman Stock Exchange 6-May-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,159.74 -0.34% Year-to-Date (YTD) 1.55% Daily Volume (shares) 3,899,480 Daily Turnover (JOD) 5,080,105 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies ARAB FINANCIAL INVEST CO ARAB EAST FOR REAL ESTATE IN RUMM FINANCIAL BROKERAGE INDUSTRIAL COMMERCIAL & AGRI ARAB ORIENT INSURANCE CO Worst Performing Companies % Change 7.26 7.09 4.61 4.55 4.21 Top Traded Companies by Volume (Shares) RUM TOURIST TRANSPORTATION C SABA'EK INVESTMENT SPECIALIZED INVESTMENT COMPO CAPITAL BANK OF JORDAN INTERMEDIATE PETROCHEMICHALS * Source: Bloomberg 539,760 411,193 353,190 285,116 208,380 JORDAN STEEL ARAB BANK PLC SPECIALIZED INVESTMENT COMPO ARAB EAST INVESTMENT ITTIHAD SCHOOLS COMPANY - % Change (3.70) (3.77) (3.85) (4.00) (7.41) Top Traded Companies by Value (JOD) ARAB BANK PLC JORDAN PETROLEUM REFINERY CO RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO CAPITAL BANK OF JORDAN 1,125,334 561,563 418,736 360,096 268,773
2. Macroeconomic & Corporate News Tax department calls for amending 2014 Income Tax Law Income and Sales Tax Department Director General Hussam Abu Ali on Friday called for amending the 2014 Income Tax Law, which does not address tax evasion, stressing that its penalties “do not form a preventive shield” to maintain tax revenues. In an interview with Jordan Television’s 60 Minutes programme, Abu Ali underlined the need to enhance voluntary commitment of taxpayers to present correct tax statements and to boost mutual trust between taxpayers and the department. Jordanian-Qatari business council calls for boosting trade exchange The Joint Jordanian-Qatari Business Council has stressed the necessity of developing trade relations between the two brotherly countries, overcoming difficulties and enhancing the potential for stimulating trade exchange, the Jordan News Agency, Petra, reported on Friday. During a meeting held on Thursday on the sidelines of the Qatari economic delegation's visit to Jordan, the council underlined the need to encourage mutual participation of industrial and commercial institutions and companies in the specialised exhibitions held in both countries. The Council pointed out to the importance of exchanging expertise and opening new electronic channels to exchange information, strengthen logistics services, increase trade exchange volume, offer investment opportunities in storage, industry, logistics, and solve maritime transport and export impediments. 17.5 per cent of ASE shares bought by non-Jordanians The value of shares bought by non-Jordanian investors in the Amman Stock Exchange (ASE) in April reached JD19.9 million, constituting 17.5 per cent of the total trade value, ASE statistics showed on Friday. The value of shares sold by non-Jordanians in April stood at JD20.9 million, marking a JD1million decline in the net non-Jordanian investment at ASE compared with a JD5.1million increase in the same month of 2017, the Jordan News Agency, Petra, reported. In the January-April period, non-Jordanians bought shares worth JD99.1 million, equivalent to 19.9 per cent of the total trade volume, while they sold shares worth JD15.2 million. Arab investors’ purchases totalled some JD49 million, while non-Arabs’ purchases amounted to JD50 million, according to the ASE data. * 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.