Amman Stock Exchange Daily Report - 8 October

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1. Amman Stock Exchange 8-Oct-17 Close AMMAN SE GENERAL INDEX 2 ,103.03 % Change Year-to-Date (YTD) -0.29% -3.10% Daily Volume (shares) 2,588,479 6 MONTHS INDEX PERFORMANCE 2,300 2,250 2,200 2,150 2,100 2,050 2,000 Best/Worst Performing Companies Best Performers UNITED FINANCIAL INVESTMENTS CONTEMPORARY FOR HOUSING PRO JORDANIAN PHARMACEUTICAL MAN EMMAR INVESTMENTS & REAL EST JORDAN STEEL % Change 7.25 5.00 4.76 4.76 3.70 Top Traded Companies by Value SPECIALIZED INVESTMENT COMPO UNION INVESTMENT CORP JORDAN PETROLEUM REFINERY CO READY MIX CONCRETE & CONSTR RUM TOURIST TRANSPORTATION C * Source: Bloomberg Worst Performers JORDAN PETROLEUM REFINERY CO ARAB EAST FOR REAL ESTATE IN NATL PORTFOLIO SECURITIES ARABIAN AVIATION INVESTMENT UNION TOBACCO & CIGARETTE % Change (2.87) (3.16) (3.85) (4.70) (4.75) Top Traded Companies by Volume Value traded (JOD) 360,710 166,750 159,328 125,119 116,250 44,648 AL EQBAL CO FOR INVESTMENT P JORDAN PETROLEUM REFINERY CO SPECIALIZED INVESTMENT COMPO ARAB BANK PLC UNION INVESTMENT CORP REAL ESTATE DEVELOPMENT JORDAN WORSTED MILLS/THE Volume traded (Shares) 861,154 434,465 352,365 261,194 202,828
2. Macroeconomic & Corporate News PM chairs Economic Policy Council meeting Prime Minister Hani Mulki on Sunday chaired a meeting of the Economic Policy Council to discuss the financial reform and the plan to stimulate economy growth, the Jordan News Agency, Petra, reported. During the meeting, Mulki stressed the importance of the programmes and measures of the economic stimulation, which would enhance the economy’s growth and resilience to face challenges. He noted that several internal and external factors have affected the national economy and imposed great burdens. The premier added that the "Arab Spring", the waves of refugees and the closure of borders and the Egyptian gas disruption have posed a difficult challenge to Jordan, leading to an increase in public debt. Mulki outlined the general framework of financial reform that aims to address the imbalances that face the economy. IMF programmes in Jordan need comprehensive review — study A study by the Centre for Strategic Studies at the University of Jordan on Sunday stressed the importance of prioritising the legislative reform of economic laws, and the start of sectional and micro-measurable targets to increase transparency and accountability.Titled “Analysis of IMF Programmes in Jordan from 1989 to 2016”, the study emphasised the need to define the scope and momentum of the reform, particularly in the areas of public finance and the public sector, as identified in the national reform plans, according to a statement from the centre.It also called for a comprehensive review of the Income Tax Law, not only to increase the state’s fiscal revenues, but also to achieve social justice, especially through preventing tax evasion and stimulating economic growth, the statement said.The study said that the government, by complying with the IMF programmes, aimed at restoring and maintaining the overall stability of the economy and at correcting the structural imbalances, especially in the field of public finance. PM meets with farmers union members Prime Minister Hani Mulki on Sunday stressed the government's eagerness on supporting the agricultural sector to overcome its challenges, the Jordan News Agency, Petra, reported. During a meeting with the Farmers General Union's president and members, Mulki said that the government is determined on solving the issues that face the sector for its social and economic importance.He noted that the measures that were taken by the government to organise the labour market, including the agricultural sector, aimed to address the imbalances resulting from labourers movement from agriculture to other sectors. He said that the government allows using foreign labourers under the condition that they stay at the same sector. * 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.