Amman Stock Exchange Daily Report - 8 August

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1. Amman Stock Exchange 8-Aug-17 Close AMMAN SE GENERAL INDEX 2 ,145.47 % Change Year-to-Date (YTD) 0.09% -1.14% Daily Volume (shares) 2,942,038 6 MONTHS INDEX PERFORMANCE 2,280 2,260 2,240 2,220 2,200 2,180 2,160 2,140 2,120 2,100 2,080 Best/Worst Performing Companies Best Performers SPECIALIZED INVESTMENT COMPO FUTURE ARAB INVESTMENT CO ISRAA ISLAMIC FINANCIAL NATIONAL CHLORINE AMMOUN INTERNATIONAL FOR INV % Change 4.59 4.55 3.92 3.77 3.49 Top Traded Companies by Value RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO BANK OF JORDAN AL EQBAL CO FOR INVESTMENT P JORDAN PETROLEUM REFINERY CO * Source: Bloomberg Worst Performers IRBID DISTRICT ELECTRICITY NATL PORTFOLIO SECURITIES ALIA THE ROYAL JORDANIAN AIR JORDAN STEEL ARAB ALUMINIUM INDUSTRY % Change (2.35) (2.44) (2.50) (3.33) (7.50) Top Traded Companies by Volume Value traded (JOD) 975,700 572,849 381,994 374,996 226,012 RUM TOURIST TRANSPORTATION C SPECIALIZED INVESTMENT COMPO BANK OF JORDAN JORDAN STEEL SALAM INTL TRANSPORT & TRAD Volume traded (Shares) 959,497 514,575 139,924 139,050 131,550
2. Macroeconomic & Corporate News Jordanians still suffer from low financial inclusion — study Financial inclusion in Jordan is “relatively low”, with the rate of bank accounts amongst those 15 years old or older standing at 24.6 per cent and at 15.5 per cent for females, a recent study by The Jordan Strategy Forum (JSF) found. The JSF has released a study titled “On the Financial Inclusion in Jordan: In a Nutshell” outlining people’s access to financial services in the Kingdom and recommendations to improve the current situation, a JSF statement said. According to a World Bank definition, financial inclusion requires that people aged 15 years or older have access to, and can effectively use, a range of appropriate financial services. It usually starts with having a deposit or transaction account at a bank or other financial institution. International data has shown that access to financial services enhances the well-being of families, reduces income inequality, and promotes entrepreneurship and real economic growth, which prompted the World Bank to establish the “Global Financial Inclusion Index (Global Findex)” to measure the quality of financial services for citizens, the statement said. The core indicators of the Global Findex include five basic dimensions of the use of financial services: bank accounts, savings, borrowing, payment patterns and insurance. Based on World Bank estimates, financial inclusion varies significantly across the world, with rates close to 100 per cent in developed countries. For other countries, inclusion ranges from 14 per cent in the Middle East to 69 per cent in East Asia and the Pacific. Draft law on inspection of economic activities endorsed The Lower House on Tuesday endorsed the 2017 draft law on the monitoring and inspection of economic activities. The Chamber endorsed four items of the law, refusing to include media activities in the definition of economic activity, which includes industrial, commercial, agricultural, tourist, handicraft, service, health and ICT activities, the Jordan News Agency, Petra, reported. Under the law, which will go into effect 180 days after being published in the Official Gazette, a “higher committee to develop the inspection of businesses” will be formed under the presidency of the minister of industry, trade and supply and the membership of relevant institutions and representatives of the private sector. The committee will act as a national umbrella to design inspection policies and to coordinate inspection efforts among concerned institutions, Petra reported. The law will also unify inspection regulations and limit the duplication of efforts of the official departments’ authorities tasked with monitoring and inspecting economic activities, without cancelling the role of any department. The law will organise inspection regulations in the sectors of public health, food and medicine safety, labour rights, environment, vocational licensing, work safety and fire-related safety procedures, among others, the news agency noted. * 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.