Amman Stock Exchange Daily Report - 9 February

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1. Amman Stock Exchange 9-Feb-17 Close AMMAN SE GENERAL INDEX 2 ,177.94 % Change Year-to-Date (YTD) 0.06% 0.35% Daily Volume (shares) 3,199,896 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 ARABIAN STEEL PIPES AMAD INVESTMENT & REAL ESTAT BARTER CO FOR INVESTMENT & T JORDAN AHLI BANK JORDAN ISLAMIC BANK % Change 4.90 4.29 4.17 3.64 3.31 Top Traded Companies by Value ARAB BANK PLC JORDAN PETROLEUM REFINERY CO JORDAN ISLAMIC BANK JORDAN STEEL ARAB EAST INVESTMENT * Source: Bloomberg Worst Performers NATIONAL CABLE & WIRE MANUF ARAB EAST FOR REAL ESTATE IN INTL CO FOR MEDICAL INVEST NATL PORTFOLIO SECURITIES SALAM INTL TRANSPORT & TRAD % Change (2.94) (3.51) (3.90) (4.48) (4.88) Top Traded Companies by Volume Value traded (JOD) 724,124.60 679,330.90 572,092.70 181,000.70 134,293.50 Volume traded (Shares) JORDAN STEEL 468,186 AD-DULAYL INDUSTRIAL PARK CO 265,698 ARAB EAST INVESTMENT 235,600 JORDAN PETROLEUM REFINERY CO 205,947 JORDAN ISLAMIC BANK 140,438
2. Macroeconomic & Corporate News Agricultural exports drop by 35% in January Exports of fruit and vegetables during January dropped by 35 per cent compared to the same period last year, a government official said on Saturday. The drop in the Kingdom’s exports is attributed to the continuous closure of the borders with Syria and Iraq, in addition to a drop in exports to the Gulf during the first month of the year, Agriculture Ministry Spokesperson Nimer Haddadin said on Saturday. Customs department reports JD1.559b in 2016 revenues The revenues of the Jordan Customs Department (JCD) in 2016 stood at JD1.559 billion, despite difficult economic circumstances in the region. The department’s revenues constituted 33.93 per cent of the Kingdom’s tax revenues, the Jordan News Agency, Petra, reported, adding that 13.7 per cent of the JCD’s revenues was customs fines for foiled smuggling attempts. JCD personnel in 2016 foiled attempts to smuggle some 6 tonnes of drugs, including more than 32 million narcotic pills, in addition to thwarting attempts to smuggle “huge amounts” of cigarettes, tobacco, counterfeit goods and diamonds, among other commodities. ‘Price of gas cylinder to remain at JD7’ A government source on Saturday denied reports of plans to increase the price of gas cylinders by the end of the month. The source told the Jordan News Agency, Petra, that the price will stay as defined by the pricing committee and there is no intention to raise it. The committee has recently said that it kept the local price of the cylinder at JD7, despite its increase on the international markets to JD8.5. Tax hikes could be beneficial for short term but harmful later, analysts say Although the government’s latest economic measures will “discipline” consumption habits, they could have a negative impact on businesses and budget revenues in the long run, economists said on Thursday. The Council of Ministers on Wednesday endorsed a set of economic measures that included hiking taxes on cigarettes, soft drinks and telecom services, fees to issue passports and duties on imported commodities. The measures also included raising the minimum wage from JD180 to JD220, amending regulations governing work permits and cutting on expenses. * 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.