Amman Stock Exchange Daily Report - 23 November

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1. Amman Stock Exchange 23-Nov-20 AMMAN GENERAL INDEX Close % Change Year-to-Date (YTD) Daily Volume (shares) Daily Turnover (JOD) 1,549.64 -0.35% -14.63% 4,811,875 3,884,004 Index Perfomance Graph 1,700 1,680 1,660 1,640 1,620 1,600 1,580 1,560 1,540 1,520 1,500 11-May-20 11-Jun-20 11-Jul-20 11-Aug-20 11-Sep-20 Best Performing Companies JOR STEEL 11-Oct-20 11-Nov-20 Worst Performing Companies % Change 5.26% DAR ALDAWA DV/IV % Change -4.32% EMMAR INV. DEV. 5.00% PREMIER -4.81% ALENTKAEYA COMPANY 4.92% INJAZ -4.90% NAT/CABL/WIRE/MF 4.76% SOUTH ELECTRONICS -5.26% AL-AMAL INV. 4.62% AL ASSAS -6.67% Top Traded Companies by Volume (Shares) Top Traded Companies by Value (JOD) RUM GROUP 592,511 UNION TOBACCO 515,055 UNION INV 430,173 UNION INV 480,341 UNION TOBACCO 399,003 ARAB INV. UNION 299,405 FIRST INSURANCE 348,773 ARAB BANK 231,535 TRANSPORT BARTER 310,999 NAT'L ALUM IND 230,042
2. Macroeconomic & Corporate News CBJ extends loan moratorium period for COVID-affected sectors The Central Bank of Jordan (CBJ) on Sunday announced that the loan moratorium period for the sectors most-affected by the COVID-19 pandemic is extended until the end of June, 2021. As part of its endeavours to alleviate the negative economic impact of COVID-19, notably to give affected individuals and companies enough time to repay their dues to the banks, the CBJ on Sunday decided to extend the validity of the circular issued on March 15, 2020, related to loan moratorium until June 30, 2021. According to the decision, banks have to postpone the repayment of instalments by the companies affected by the pandemic. The decision also stipulated that banks are not allowed to charge commission or impose a late payment interest on these companies, the Jordan News Agency, Petra, reported. According to the CBJ, “COVID-19-affected people” include all individuals who have lost their income and those whose salaries have been cut, as well as all individuals whose pay raises and/or allowances are being deferred. The CBJ urged all clients impacted by the coronavirus crisis to visit their banks to provide proof that their income has been affected by the pandemic, and set the appropriate repayment mechanism. It also called on the banks to show “the utmost level of flexibility amid these exceptional conditions" and to take all necessary measures to mitigate the economic impact of the pandemic on the affected individuals and sectors. 10m-euro grant agreement signed to support ecologically responsible, economically accessible agricultural solutions in Jordan The French Development Agency (AFD) and the International Union for the Conservation of Nature and Natural Resources (IUCN) signed a 10-million-euro grant agreement in Amman in the presence of French Ambassador to Jordan Véronique Vouland-Aneini with the objective to support the development of ecologically responsible and economically accessible agricultural solutions and techniques in the highlands of Jordan in Mafraq Governorate and in the north of the Jordan Valley. This project, to which the consortium led by IUCN will finance an additional 618,000 euros, responds to the double challenge of the economic inclusion of vulnerable population, when 16 per cent of Jordanians and 78 per cent of Syrian refugees live below the poverty line and the severe lack of water resources in a country where agriculture contributes 4 per cent of GDP, 15 per cent of employment and 75 per cent of national water consumption, according to a French embassy statement. * Source: 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.