Amman Stock Exchange Daily Report - 3 November

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1. Amman Stock Exchange 3-Nov-20 AMMAN GENERAL INDEX Close % Change Year-to-Date (YTD) Daily Volume (shares) Daily Turnover (JOD) 1,536.78 0.16% -15.34% 4,850,263 4,296,451 Index Perfomance Graph 1,700 1,680 1,660 1,640 1,620 1,600 1,580 1,560 1,540 1,520 Best Performing Companies 2-Nov-20 26-Oct-20 19-Oct-20 12-Oct-20 5-Oct-20 28-Sep-20 21-Sep-20 14-Sep-20 7-Sep-20 31-Aug-20 24-Aug-20 17-Aug-20 10-Aug-20 3-Aug-20 27-Jul-20 20-Jul-20 13-Jul-20 6-Jul-20 29-Jun-20 22-Jun-20 15-Jun-20 8-Jun-20 1-Jun-20 25-May-20 18-May-20 11-May-20 1,500 Worst Performing Companies TRANSPORT BARTER % Change 4.35% DAR ALDAWA DV/IV 4.35% ALENTKAEYA COMPANY -5.00% UNIV MOD INDCO 4.32% JOR STEEL -5.00% IRBID ELECTRICITY 3.81% ARABIAN DEV CO -5.56% AL-SANABEL INT. 3.57% AMWAJ -7.14% Top Traded Companies by Volume (Shares) JOR LOAN GRNT.CO % Change -4.76% Top Traded Companies by Value (JOD) NAT'L ALUM IND 741,894 ARAB BANK 715,083 JORDAN IND.RES. 479,619 NAT'L ALUM IND 581,092 UNION INV 441,860 UNION INV 487,029 JOR ELECTREIC PWR 395,549 JOR ELECTREIC PWR 444,971 TRANSPORT BARTER 361,750 UNION TOBACCO 371,060
2. Macroeconomic & Corporate News 262,000 barrels of Iraqi crude oil imported in October — Energy Ministry Jordan imported a total of 262,000 barrels of Iraqi crude oil in October at an average of 8,448 barrels per day, the Ministry of Energy and Mineral Resources announced on Monday. In a statement, carried by the Jordan News Agency, Petra, Energy Minister Hala Zawati said that a total of 3.219 million barrels of Iraqi crude oil were supplied to the Kingdom between September 2019 and October 2020. The minister added that Iraqi fuel trucks were unloaded on the border (back-to-back) in line with the government procedures to curb the spread of COVID-19. In 2006, Amman and Baghdad signed a memorandum of understanding (MoU), under which Jordan would import Iraqi crude oil daily with a discount of $18 from the price of Brent crude per barrel, provided that the Kingdom bears the cost of transport between Kirkuk and Zarqa. A new memo was signed in 2019 that resembled the old agreement but dropped the discount from $18 to $16. Under the new MoU, Jordan imports 10,000 barrels of Iraqi crude oil daily with a discount of $16 from the price of Brent crude per barrel to cover the difference of transport costs and deviations in standards. Iraqi oil, exported from Baiji in Iraq to the Jordan Petroleum Refinery Company, covers 7 per cent of the Kingdom’s daily demand. Amman Chamber of Commerce decries ‘futility’ of lockdowns There needs to be measures to replace closures and curfews to combat the spread of the coronavirus, especially as closures cannot last and end up with reopening the country again, Amman Chamber of Commerce (ACC) President Khalil Hajj Tawfiq told The Jordan Times on Monday. Tawfiq called for enforcing penalties for anyone who does not commit to public health and safety standards, noting that “there is still some leniency in this regard”. “Even if there was an exceptional need for a closure, the government must have a plan to compensate the affected sectors. We have so many hard-hit businesses and companies shutting down after losing the ability to meet their dues nowadays,” Tawfiq said, noting that many businesses are not able to pay salaries. The issue of paying salaries “has become a huge problem” as many companies cannot pay not only because of closures, but also due to regression in sales and weak purchasing power, the ACC president said. * 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.