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Amman Stock Exchange Daily Report - 7 February

IB Insights
By IB Insights
9 years ago
Amman Stock Exchange Daily Report - 7 February

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  1. Amman Stock Exchange 7-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,171.82 % Change Year-to-Date (YTD) 0.69% 0.07% Daily Volume (shares) 7,256,546 6 MONTHS INDEX PERFORMANCE 2,200 2,180 2,160 2,140 2,120 2,100 2,080 2,060 2,040 2,020 Best/Worst Performing Companies Best Performers AL EQBAL CO FOR INVESTMENT P ZARKA EDUCATION & INVESTMENT UNITED IRON & STEEL MANUFACT ARABIAN AVIATION INVESTMENT AL-TAJAMOUAT FOR TOURISTIC P % Change 5.56 5.26 4.84 4.63 4.26 Top Traded Companies by Value AFAQ FOR ENERGY CO PLC ARAB BANK PLC DEERA INVESTMENT & REAL ESTA UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO * Source: Bloomberg Worst Performers ARAB JORDAN INVESTMENT BANK METHAQ REAL ESTATE INVESTMEN OFFTEC HOLDING GROUP PLC UNION LAND DEVELOPMENT CORP SPECIALIZED INVESTMENT COMPO % Change (1.66) (1.73) (1.79) (3.35) (4.20) Top Traded Companies by Volume Value traded (JOD) 8,991,810.00 541,578.20 493,415.50 316,395.20 304,452.60 Volume traded (Shares) AFAQ FOR ENERGY CO PLC 3,909,392 DEERA INVESTMENT & REAL ESTA 530,550 ARAB EAST INVESTMENT 444,897 UNION INVESTMENT CORP 274,150 JORDAN STEEL 272,823
  2. Macroeconomic & Corporate News Non-Jordanian Investment at The ASE During January 2017 The total value of shares that were bought by non-Jordanian investors during January 2017 was JD 183.1 million, representing 41.3% of the overall trading value, while the value of shares sold by them amounted to JD194.6 million. As a result, the net of non-Jordanian investment during January 2017 showed a decrease by JD11.5 million, compared with a decrease by JD4.3 million during the same month of 2016. Arab investors purchases during January 2017 were JD13.6 million, or 7.4% of the overall purchases by non-Jordanians, while the value of non-Arab purchases amounted to JD169.5 million, constituting 92.6% of the total purchases. Arab investors sales amounted to JD176.5 million, 90.7% of nonJordanians total sales, while the value of non-Arab sales amounted to JD18.1 million, representing 9.3% of the total sales by non-Jordanians. Preliminary Results for Itihad Schools (ITSC) ITSC revealed a boost in profits at the end of 2016, with a net income JOD 1.79 million versus JOD 1.34 million at the end of 2015, up 33%. Net operating revenues witnessed an increase of 5.5% which amounted to JOD 8.273 million. Jordan Dairy Company (JODA) 2016 results JODA reported a drop in net income that amounted to JOD 0.70 million in 2016 as compared to JOD 1.44 million, down 95%, due to the increase in operating expenses during the year. Gross profit declined by 24% at the end of 2016, while both Selling and distribution expenses and administrative expenses where increased by 7%. * 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 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.