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Amman Stock Exchange Daily Report - 9 April

IM Insights
By IM Insights
4 years ago
Amman Stock Exchange Daily Report - 9 April

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  1. Amman Stock Exchange 9-Apr-18 AMMAN SE GENERAL INDEX 2 ,300 Close % Change 2,230.81 0.09% Year-to-Date (YTD) 4.89% Daily Volume (shares) 4,065,505 Daily Turnover (JOD) 3,813,039 6 MONTHS INDEX PERFORMANCE 2,250 2,200 2,150 2,100 2,050 2,000 1,950 Best Performing Companies HOUSING BANK FOR TRADE AND F AL-AMIN FOR INVESTMENT UNION TOBACCO & CIGARETTE ARAB UNION INTL INSURANCE ARAB ORIENT INSURANCE CO Worst Performing Companies % Change 7.41 4.92 4.88 4.42 4.40 Top Traded Companies by Volume (Shares) SURA DEVELOPMENT AND INVESTM RUM TOURIST TRANSPORTATION C AL-TAJAMOUAT FOR CATERING HS CAPITAL BANK OF JORDAN BARTER CO FOR INVESTMENT & T * Source: Bloomberg 571,086 314,671 311,397 258,520 189,956 JORDAN PHOSPHATE MINES ARAB EAST INVESTMENT ARAB JORDAN INVESTMENT BANK BINDAR TRADING & INVESTMENT DAR AL DAWA - DEVELOPMENT &INV % Change (1.97) (2.00) (2.44) (2.56) (2.70) Top Traded Companies by Value (JOD) ARAB BANK PLC CAPITAL BANK OF JORDAN AKARY FOR INDUSTRIES AND REA UNION LAND DEVELOPMENT CORP UNION TOBACCO & CIGARETTE 308,184 270,267 268,741 267,569 245,936
  2. Macroeconomic & Corporate News Bank robbed with fake gun in Amman Police on Monday were searching for a man who allegedly robbed a bank in a busy street in Amman using a fake gun and escaping with JD16,000 in cash.The suspect reportedly entered the Arab Bank branch at Mecca street in the morning hours and waved a pistol, which police later said was fake, and demanded cash, official sources said. The suspect then fled on foot and crossed an empty lot and escaped with a vehicle, official sources added."The police have a good description of the man and colour of the vehicle and we have intensified our efforts to arrest the suspect'" a senior police official said.This is the fifth attack on banks in Amman since the beginning of the year. Three suspects were arrested while a fourth who escaped with over JD90,000 remains at large. Shehadeh inaugurates 16th Arab Business Community Forum Deputising for His Majesty King Abdullah, Minister of State for Investment Affairs Muhannad Shehadeh on Saturday inaugurated the 16th Arab Business Community Forum, the Jordan News Agency, Petra, reported.Organised by the Federation of Arab Businessmen in cooperation with the Jordanian Businessmen Association, the forum will discuss the economic situation in the Arab world, the green economy, the future of energy and water in the integration of Arab partnerships, the knowledge economy as a gateway to the future of Arab investment, and the electronic economic revolution and digital currencies.Representatives from 15 countries are taking part in the event, which aims to discuss the challenges facing the Arab economy, including the prospect of Arab economic relations with international economic blocs, investment opportunities in the Arab world and the role of Arab youth in entrepreneurship. Agricultural sector ailed by more than financial troubles Panelists on Friday said that the government’s policies towards the “financially ailed” agricultural sector are contributing to labour exploitations.During a debate titled “Are government policies supportive of workers in the agriculture sector”, which was organised by Tamkeen for Legal Aid and Human Rights, participants discussed issues facing Jordanian and Egyptian agricultural workers and the sector as a whole.Yousef Masoud, a land owner, said that the sector has been suffering losses since the multiple border closures including the Jordanian-Syrian border, the trade route to Qatar through Saudi Arabia as well as the Iraqi border, which reopened six months ago after two years of closure. government’s decision toZawya impose a 10 per cent tax on agricultural inputs was faced with rejection and anger by farmers who *The Source: Bloomberg, Jordan Times, 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.