Stock Market Highlights

Transcription

1 MARKET WATCH Market Performance With only four days of trading this week, the Amman Stock Exchange General Index witnessed an upward trend rising once again to reach 9,300.8 points by the end of the week. While the first two days of trading reflected as a minor decline in the Index, attributed to selling activities to realise profits and close out margin positions prior to the end of the month, this drop was not to last with the Index ascending sharply to end the week 1.33% higher than last week. The recovery of the market over the last two days meant that the average daily trading volume registered 2.1% higher than last week at million shares, while the average daily value traded reached JD million. By the end of the week, 91 of the 198 companies traded managed to end in the green, while the share prices of 81 companies fell. Our list of top gainers continued to produce surprises, with only Ad-Dulayl Industrial Park and National Steel recurring from last week. Jordan Steel also performed well this week, with its share price reached the highest in its history. The buoyant trading on its stock helped it displace the Jordan Petroleum Refinery from the top spot, positioning itself as the most active stock this week in terms of value traded, and in fourth position in terms of number of shares traded. As for market capitalisation and, both registered an increase during the week to stand at JD billion and times. Sector Performance The Services Sector claimed the lion s share of trading volume, at million shares, followed by the Industrial Sector and the Banking Sector with trading volumes of million shares and 5.56 million respectively. Meanwhile, the Industrial Sector ranked first in terms of value traded, registering at an impressive JD million. The Services Sector was not far behind with JD million, while the Banking and Insurance sectors brought in the rear with JD million and JD million respectively. In terms of sector indices, the Industrial Sector Index stole the limelight, rising by 4.09% compared to last week, followed by the Services Sector Index with a minor increase of 0.52%. The Banking Sector and Insurance Sector both ended in the red, declining by 1.06% and 0.21% respectively. Block Trades This week saw 18 block trades performed over the shares of Stock Market Highlights This YTD General Index 9, , % 23.70% This Value Traded (JD millions) (24.01%) Volume Traded (millions) (27.12%) Index The s Top Gainers and Losers General Market Index Performance Index ly Index 26/05/ /05/ /05/ /05/ /05/ /07/ /09/ /11/ /01/ /03/ /05/2008 Company Current Close Close % Industrial Industries & Match /JIMCO (INMJ) % Contempro for Housing Projects (COHO) % Ad-Dulayl Ind. Park Co. & Real Estate (IDMC) % National Steel Industry (NAST) % United for Financial Investment (UCFI) % Ready Mix Concrete Company (RMCC) (9.82%) Ard Annomow for Real Estate & Dev (ARDN) (12.75%) Specialized Trading Investment Co. (SPTI) (16.86%) Jordan Tanning (JOTN) (18.09%) Jerusalem Insurance Company (JERY) (29.76%) The s Most Active Stocks in Number of Shares Traded* Company Volume of Shares Ad-Dulayl Ind. Park Co. & Real Estate (IDMC) 19,252,540 Al Faris Nat l Com. for Invest. & Exp (CEBC) 6,706,407 Union Land Development Corporation (ULDC) 6,078,250 Jordan Steel (JOST) 5,472,901 Real Estate Development Company (REDV) 5,425,605 The s Most Active Stocks in Value of Shares Traded* Company Value of Shares (JD) Jordan Steel (JOST) 50,822,000 Ad-Dulayl Ind. Park Co. & Real Estate (IDMC) 34,689,032 Jordan Petroleum Refinery (JOPT) 30,548,408 Arab Bank (ARBK) 23,888,824 Jordan Electric Power (JOEP) 21,676,662 * excluding block deals ly Index 1

2 13 companies, for a total value of JD 7.19 million and a combined volume of 2.40 million shares, the most significant of which were three deals on the stock of the Specialized Investment Compounds (SPIC) for an aggregate value of JD 1.28 million and 125 thousand shares, and two deals on the shares of United Arab Investors (UAIC), with 500 thousand shares traded at a price of JD 2.35 per share. Other relatively large deals included one each on Jordan New Cable Company (JNCC) and Taameer Jordan Holdings (TAMR) with values of JD 565,500 and JD 545,000 respectively. CORPORATE NEWS The Jordan Investment and Finance Bank (JIFB) announced its financial results for 2007 with net profits amounting to JD 6.39 million compared to JD 9.77 million in Total assets and shareholders equity reached JD million and JD million respectively. The Bank s General Assembly approved the raising of the Bank s paid-up capital from JD 55 million to JD 61.3 million through the distribution of JD 6.3 million as stock dividends. The Amman Stock Exchange suspended the trading of shares of Arab East Investment Company (AEIV) as of Monday of this week, until the required procedures of increasing Company s capital are completed. The Company will raise its capital by JD 5 million through allocating 5 million shares to its strategic partner, Global Finance House (Kuwait), at the higher of either an issuance price of JD 4 representing JD 1 par value and JD 3 issuance premium, or at an issuance price of no less than 90% of the market value of the stock at the date of approval by the Board of Commissioners. New Sector Classification Indices Al Faris National Company for Investment and Export (CEBC), in General Index 4, , % its extraordinary meeting, resolved to raise the Company s capital by JD 9 million to JD 34 million. CEBC s net profits for 2007 amounted to JD 289,002 compared to JD 232,665 in 2006, while total assets and shareholders equity reached JD million and JD million respectively. Index This % Banks 5, ,240.7 (1.1%) Insurance 3, ,802.7 (0.8%) Financial Services 8, , % Real Estate 8, , % Financial 5, ,235.2 (0.2%) Health Care Services 1, , % Educational Services 3, ,117.5 (2.6%) Hotels & Tourism 2, , % Transportation 1, , % Tech. & Communications 2, ,693.3 (2.2%) Media 3, ,795.1 (0.9%) Utilities & Energy 8, , % Commercial Services 1, ,898.4 (0.6%) Services 3, , % Pharm. & Medical Industries 2, , % Chemical Industries 1, , % Paper & Carton Industries 1, , % Printing & Packaging 2, ,072.5 (0.5%) Food & Beverage 2, , % Tobacco 2, , % Mining & Extract. Industries 8, , % Engineering & Construction 3, ,493.2 (0.4%) Electric Industries 9, , % Textiles, Leather & Clothing 2, , % Glass & Ceramic Industries 1, , % Industries 4, , % Al Tajmouat for Touristic Projects (MERM) signed a JD 3 million tender agreement with Mitsolva Mediterranean Company to install and test elevators and electric towers in the «Taj Mall» shopping centre the Company is developing in Abdoun. The Royal Jordanian (RJAL) announced that it transported 210 thousand passengers during the month of April 2008, up 19% compared to the 175 thousand passengers transported over the same period in Moreover, during the first four months of 2008, the total number of passengers registered a 17% increased compared to the same period of last year. The Board of Commissioners and the Jordan Security Commission announced: The registration of the 6.33 million shares of additional capital of the Jordan Commercial Bank (JOGB) through the capitalization of JD million from retained earnings, to be distributed as stock dividends to shareholders. The registration of the JD 8.41 million shares of additional capital of the Arab Banking Corporation (ABCO) through the capitalization of JD million from retained earnings, to be distributed as stock dividends to shareholders. The registration of the 33 million share capital increase of the Islamic International Arab Bank resulting from the capitalization of JD 6.75 million from the voluntary reserve, JD 5.49 million from the special reserve, and JD 5.77 million from retained earnings, in addition to allocating 15 million shares for the subscription of its sole shareholder, the Arab Bank. 2

3 The registration of the 7.5 million capital increase shares of National Cable and Wire Company (WIRE) which will be offered through a public subscription to existing shareholders at an issuance price of JD representing JD 1 par value and a fils issuance premium. The registration of the Central Bank s of Jordan s JD 100 million treasury bills with a maturity date of April 28th MACROECONOMIC NEWS The Central Bank of Jordan announced that the money supply (M2) for the first quarter of 2008 reached JD billion compared to JD billion over the same period in 2007, registering an increase of 1.2%. The Housing and Urban Development Corporation announced that the implementation of the first phase of the housing initiative «Decent Housing for Decent Living» will commence in July of this year, with the expectation of completing 20 thousand apartments of the phase by the end of the year at an estimated cost of between JD million. The Ministry of Public Works and Housing signed an agreement with The Land and Madaen Al Shorouq to grant 256 housing units of the King Abdullah Bin Abdul Aziz City to the «Decent Housing for Decent Living» initiative. The Department of Statistics signed a Memorandum of Understanding with the Jordan National Commission for Women to conduct the first field survey on women who are participating in the informal work sector. The Arab Company for White Cement Industry raised the price of white cement by JD 6 per tonne to reach JD 151/tonne ex-work including sale tax, effective last Saturday. Cement traders expect the final price of cement for the consumer following the last raise in prices to reach between JD per tonne. Fertiliser traders protested to the Jordan Phosphate Mines against the increase in phosphate fertilizer prices, where, based on a supplied quantity of 10 thousand tonnes each of Phosphoric Acid and DAP fertilizer, the prices currently stand at JD 625/tonne and JD 600/tonne respectively. Traders are requesting that the quantity offered be increased to 20 thousand tonnes and the per-tonne price be dropped to JD 300 and JD 396 respectively. The Jordanian pharmaceutical industry is aiming to increase its exports by 20% by annum over the next five years to reach JD 700 million. Pharmaceutical exports during 2007 reached JD 300 million, while domestic sales reached JD 75 million. The Jordan Investment Board announced that the accumulated investments benefiting from the Investment Promotion Law reached JD 16 billion since

4 ARAB BANKING CO. ABCO 2008 Q1 56,062, ,384,790 80,671,022 3,776, % 19.1% (0.5%) 119,973, ,104 15,362 ARAB JOR/INV/BANK AJIB 2008 Q1 100,000, ,181, ,067,186 2,750, % 16.6% (0.5%) 184,000, ,042 7,421 ARAB BANK ARBK 2008 Q1 534,000,000 21,666,537,000 3,584,588, ,617, % 13.5% % 10,567,860, ,230,615 23,888,824 BANK OF JORDAN BOJX 2008 Q1 100,000,000 1,569,932, ,921,261 6,790, % 17.2% (3.2%) 239,000, ,415 1,613,625 CAIRO AMMAN BANK CABK 2008 Q1 75,000,000 1,444,747, ,997,283 4,607, % 12.3% % 249,000, , ,676 CAPITAL BANK EXFB 2008 Q1 132,280, ,773, ,341,234 3,904, % 8.8% (5.2%) 313,503, ,720 1,847,197 INDSTRL DEV BANK INDV 2008 Q1 24,000, ,448,302 61,396,379 1,732, % 11.4% (2.1%) 87,840, ,234 2,364,979 JOR INV FIN BANK JIFB 2008 Q1 55,000, ,585,500 82,918,090 3,343, % 16.5% (2.6%) 146,300, ,500 2,160,124 JCBANK JOGB 2008 Q1 63,250, ,339,056 81,351,349 2,416, % 11.9% (1.8%) 168,245, ,905 98,849 JOR ISLAMIC BANK JOIB 2008 Q1 65,000,000 1,734,798, ,304,799 7,828, % 22.8% (1.4%) 409,500, ,838 2,147,261 JOR KUWAIT BANK JOKB 2008 Q1 100,000,000 2,002,389, ,084,745 13,328, % 23.7% % 735,000, ,418 2,380,615 JORDAN AHLI BANK JONB 2008 Q1 110,000,000 2,035,250, ,062,823 9,010, % 17.9% (4.9%) 256,300, , ,565 SOCGEN BK - JORDANIE MEIB 2007 Q4 40,455, ,921,355 27,312,443 2,206, % 8.4% (8.3%) 111,253, ,629 HOUSING BK TRD FIN THBK 2008 Q1 250,000,000 5,096,782, ,159,385 30,806, % 14.8% (0.9%) 2,027,500, , ,762 UNION BK SAV/INV UBSI 2008 Q1 95,000,000 1,075,998, ,625,702 5,439, % 10.0% (4.2%) 322,050, , ,526 Banking Sector 1,800,048,330 40,449,070,682 6,138,801, ,559, % 14.3% 15,937,325, ,564,514 38,872,415 ALNISR ALARABI AAIN 2008 Q1 10,000,000 30,214,132 18,232, , % 16.6% % 63,000, N/A N/A ARAB ORIENT INS AALI 2007 Q4 10,000,000 27,755,715 12,523,505 1,462, % 11.9% (5.4%) 22,900, ,700 8,545 ARAB GERMAN INS AGICC 2008 Q1 10,400,680 43,765,882 9,029,042 (34,570) (0.003) (0.3%) (1.4%) (3.7%) 40,042,618 Negative 2,236,519 8,445,263 ARAB INT UNI INS AIUI 2008 Q1 4,000,000 10,554,341 4,961,996 (73,182) (0.018) (2.8%) (5.9%) (9.3%) 5,440,000 Negative 19,325 26,588 EURA ARAB INS. AMMI 2008 Q1 6,000,000 18,624,089 7,999, , % 23.4% % 9,000, ,235 9,353 BARAKAH TAKAFUL ARAI 2007 Q4 5,944,797 9,899,246 5,457, , % 11.9% (9.4%) 8,619, ,946,079 2,970,678 ARAB ASSURERS ARAS 2007 Q4 8,000,000 18,223,368 9,245, , % 11.8% % 12,160, ,727 23,446 ARAB JOR INSURANCE ARGR 2008 Q1 10,000,000 15,404,932 1,079,085 17, % 1.2% % 20,500,000 > ARAB INS ARIN 2007 Q4 8,000,000 25,758,171 10,272, , % 9.1% % 17,600, N/A N/A ARABIAN SEAS INS ARSI 2008 Q1 21,000,000 18,944,334 14,803, , % 3.6% (3.0%) 20,580, DELTA INSURANCE DICL 2008 Q1 5,000,000 11,225,481 7,785, , % 22.0% % 14,200, N/A N/A DARKOM DRKM 2007 Q4 10,000,000 9,191,628 9,132,044 (867,956) (0.087) (9.4%) (9.5%) % 11,500,000 Negative 119, ,244 FIRST INSURANCE FINS N/A N/A 24,000,000 N/A N/A N/A N/A N/A N/A (2.6%) 26,640,000 N/A 361, ,464 GENERAL ARAB INS GARI 2007 Q4 7,722,504 19,335,252 12,244, , % 9.9% % 9,884, GERASA INSURANCE GERA 2007 Q4 3,981,840 6,042,804 1,801,234 (644,068) (0.162) (10.0%) (33.1%) % 5,932,942 Negative N/A N/A HOLY LAND INS HOLI 2007 Q4 4,000,000 9,215,566 3,912, , % 18.0% (4.8%) 6,400, ,146 1,834 JERUSALEM INS JERY 2007 Q4 5,460,000 18,527,357 9,227,311 1,537, % 18.2% (29.8%) 15,724, ,853 JOR INT INSUR CO JIJC 2008 Q1 16,500,000 36,545,102 22,114, , % 7.2% % 26,235, ,181 15,685 JOR FRENCH INS JOFR 2007 Q4 9,100,000 20,707,079 3,445,875 (2,607,609) (0.287) (11.8%) (52.8%) % 9,555,000 Negative 198, ,096

5 JORDAN INSURANCE JOIN 2008 Q1 30,000,000 86,094,973 55,823,935 3,871, % 33.8% (1.3%) 94,800, MED GULF-JORDAN MDGF 2007 Q4 10,000,000 14,069,879 10,095,730 95, % 0.9% % 22,300,000 > , ,808 MIDDLE EAST INS MEIN 2008 Q1 18,000,000 68,552,273 40,623,800 (199,727) (0.011) (1.2%) (2.0%) (0.4%) 49,140,000 Negative 480 1,262 NATIONAL INSURANCE NAAI 2008 Q1 3,500,000 9,353,587 4,706,206 99, % 8.5% % 5,110, ,802 2,631 OASIS INSURANCE OASI 2007 Q4 5,000,000 4,327,014 (729,660) (456,406) (0.091) (7.0%) (33.3%) (1.6%) 3,000,000 Negative 13,623 8,251 PHILADELPHIA INS PHIN 2007 Q4 4,000,000 8,192,692 4,579, , % 6.5% % 5,200, N/A N/A ISLAMIC INSUR CO TIIC 2008 Q1 8,000,000 24,020,895 15,543,718 2,335, % 67.8% % 23,200, , ,843 UNITED INSURANCE UNIN 2007 Q4 7,000,000 18,636,007 12,312, , % 3.1% (1.2%) 11,340, ,486 YARMOUK INS YINS 2008 Q1 5,000,000 11,828,576 6,971,665 (229,525) (0.046) (7.6%) (13.0%) % 10,500,000 Negative N/A N/A Insurance Sector Total 269,609, ,010, ,194, % 11.5% 570,505, ,203,548 12,935,014 AL-AMIN FOR INV AAFI 2008 Q1 8,940,090 21,758,696 19,242,259 4,919, % 114.2% % 28,071, ,440 1,112,081 NAT L COM CENTER ABLA 2008 Q1 6,000,000 7,217,536 5,537,995 (78,815) (0.013) (4.3%) (5.7%) % 6,720,000 Negative 63,473 74,025 AL-BELAD MED SRV ABMS 2008 Q1 15,000,000 22,770,908 18,951, , % 3.6% % 18,750, , ,132 COMPRHNSVE MUTLP TRAN ABUS 2008 N/A 20,000,000 N/A N/A N/A N/A N/A N/A % 48,600,000 N/A 146, ,521 ARAB EAST INVST. AEIV 2008 Q1 35,000, ,363,512 92,466,990 17,926, % 93.9% % 129,150, N/A N/A ARAB INT INV EDU AIEI 2008 Q1 40,500, ,033,317 51,517,990 (475,638) (0.012) (0.4%) (3.6%) (3.4%) 151,875,000 Negative 13,214 49,515 ISRA EDUE AIFE 2007 Q4 15,000,000 34,919,594 18,309,648 1,929, % 11.7% % 45,600, N/A N/A ARAB INTL HOTEL AIHO 2008 Q1 25,000,000 72,925,506 62,999, , % 4.7% % 63,750, , ,613 AL SHARQ INV AIPC 2007 Q4 16,000,000 20,466,000 19,198,188 1,493, % 7.8% % 21,440, JOR INV.&TRSM ALFA 2007 Q4 7,500,000 8,206,763 6,925,123 (461,882) (0.062) (5.5%) (6.5%) % 10,500,000 Negative 19,507 26,381 AMAD REAL ESTATE INV. AMAD 2008 Q1 6,600,000 10,576,343 9,986, , % 18.8% % 14,124, , ,715 AL-AMAL INV. AMAL 2007 Q4 7,500,000 10,719,907 8,937,032 1,226, % 14.7% % 26,325, ,304,682 14,734,074 AMMAN FOR DEV.& INV AMDI 2007 Q4 7,000,000 11,691,662 (1,177,983) (1,075,388) (0.154) (9.0%) 168.0% % 46,760,000 Negative N/A N/A AMWAL INVEST AMWL 2008 Q1 42,500,000 74,537,881 62,701,991 2,820, % 18.4% (1.4%) 92,225, , ,033 ARD ANNOMOW ARDN 2007 N/A 500,000 N/A N/A N/A N/A N/A N/A (12.7%) 1,985,000 N/A 21,729 86,396 ARAB REAL EST ARED 2008 Q1 30,000,000 87,420,860 40,331,076 2,486, % 27.4% (2.3%) 64,500, , ,420 AWTAD INVESTMENTS A 2007 Q4 1,000,000 1,237, ,522 2, % 0.2% % 3,700,000 >100 N/A N/A B. AL-MAL/BEITNA BAMB 2007 Q3 28,600,000 71,121,609 58,607,506 9,855, % 23.6% % 54,054, , ,171 OFFTEC INVESTMENTS BDIN 2007 Q4 42,000,000 46,302,863 42,582, , % 2.2% (1.0%) 41,580, , ,370 BINDAR BIND 2007 Q4 13,000,000 28,854,138 14,802,904 1,379, % 12.3% % 40,300, ,278 4,076 BILAD INVESTMENTS BLAD 2007 Q4 10,000,000 12,082,256 10,534, , % 5.9% % 15,100, ,479 21,356 AL-FARIS NATIONAL CEBC 2007 Q4 25,000,000 33,816,486 25,547, , % 1.9% (3.1%) 47,000,000 >100 6,706,407 12,927,474 CENTURY INV.GRP CEIG 2007 Q4 5,191,560 9,220,062 6,222, , % 9.2% % 7,527, , ,979 CONSULTANT AND INV GR CICO 2007 N/A 22,000,000 N/A N/A N/A N/A N/A N/A (1.6%) 26,620,000 N/A 20,195 24,462 CONTEMPRO COHO 2008 Q1 6,000,000 9,081,061 8,647, , % 6.8% % 11,040, ,811 1,553,908

6 DARAT JORDAN HOLDING DARA 2208 N/A 15,000,000 N/A N/A N/A N/A N/A N/A (0.8%) 17,550,000 N/A 646, ,885 D-KHALILI & SONS DKHS 2007 Q4 12,200,000 43,555,212 6,711,362 79, % 1.2% % 20,008,000 > ,762 1,034,954 DAMAC REAL ESTATE DMAC 2007 Q4 5,000, ,190, , % 3.7% % 19,000, , ,395 EMMAR INV. DEV. EMAR 2008 Q1 11,970,000 33,409,223 16,279,367 1,088, % 27.7% % 31,002, , ,374 FIRST FINANCE FIFI 2008 Q1 50,000,000 56,707,560 52,442,415 3,063, % 23.4% % 57,000, , ,270 FALCON INV &FIN FIFS 2008 Q1 4,085,844 5,769,118 4,018,913 60, % 9.2% % 4,290, , ,099 MODEL RESTAURANTS FOOD 2007 N/A 25,000,000 N/A N/A N/A N/A N/A N/A % 34,250,000 N/A 539, ,270 FIRST JORDAN FRST 2007 Q4 150,000, ,502,659 10,217, % 6.5% % 157,500, ,036,595 1,088,184 BATELCO JORDAN FTGR 2007 Q4 1,870,018 11,251,553 1,659,973 (356,333) (0.191) (3.2%) (19.4%) % 8,583,383 Negative N/A N/A FUTURE ARAB FUTR 2007 Q4 15,500,000 16,426,496 16,268, , % 3.8% % 19,220, , ,284 JOR HIMMEH MINERAL HIMM 2007 Q4 500,000 1,634,405 1,618,443 (10,186) (0.020) (0.6%) (0.6%) N/A N/A % 1,065,000 Negative N/A N/A HIGH PERFORMANCE HIPR 2007 Q4 12,000,000 12,445,598 12,387, , % 3.1% (2.5%) 23,280, , ,740 INT L BROKERAGE IBFM 2008 Q1 21,295,117 44,238,553 24,469, , % 13.3% % 24,915, ,578 97,807 INT CO MED INV ICMI 2008 Q1 4,500,000 5,665,572 4,164,355 (338,138) (0.075) (24.9%) (31.2%) (0.5%) 18,675,000 Negative 655,372 2,868,863 INVEST ESTATE INDUST IEAI 2007 Q4 30,000,000 53,091,578 31,453,279 1,041, % 3.4% (1.4%) 104,100, , ,973 IHDATHIAT CO. IHCO 2008 Q1 3,000,000 3,772,401 3,195,598 96, % 11.8% (3.5%) 6,540, , ,518 ARABIAN DEV CO INMA 2007 Q4 7,000,000 17,318,497 15,659,753 1,079, % 7.1% (8.4%) 14,420, , ,521 INV. & INTEG INDUS INTI 2007 Q4 7,000, ,789, ,207 (3,679,952) (0.526) (2.9%) (825.0%) N/A N/A - N/A - N/A N/A N/A INV HOUSE INVH 2008 Q1 12,000,000 31,982,397 11,338, , % 14.7% (1.2%) 20,160, ,354 1,113,851 IRBID DISTRICT ELEC IREL 2007 H1 4,000,000 89,194,484 6,535, , % 8.2% % 23,320, N/A N/A ITTIHAD SCHOOLS ITSC 2007 Q1 10,617,815 19,423,517 14,829,209 98, % 2.6% (1.8%) 17,307, , ,012 JOR DUTY FRE SHP JDFS 2007 Q4 5,000,000 18,383,395 15,414,000 4,152, % 28.0% % 46,250, DIMENSIONS JEDI 2007 Q4 10,000,000 9,885,863 9,799,169 (200,831) (0.020) (2.0%) (2.0%) % 10,900,000 Negative 188, ,225 JORDAN EXPAT.INV JEIH 2008 Q1 15,000,000 25,193,843 22,313,801 3,384, % 65.4% % 28,050, ,857,301 5,402,575 JORDAN EXPRESS JETT 2008 Q1 10,800,000 20,189,089 18,119, , % 12.4% (0.4%) 23,976, , ,904 INTERNATIONAL INV. JIIG 2007 Q4 10,000,000 12,686,239 9,577,184 (292,915) (0.029) (2.3%) (3.0%) (1.7%) 11,300,000 Negative 10,541 11,865 JORDAN INTL TRAD JITC 2008 Q1 3,400,000 6,357,456 4,318, , % 39.6% (4.7%) 8,908, ,188 JOR LOAN GRNT.CO JLGC 2007 Q4 10,000,000 25,328,525 17,012, , % 4.3% % 12,900, , ,988 JOR MORTGAGE REFIN JMRC 2008 Q1 5,000, ,302,939 7,182, , % 12.2% N/A N/A - N/A - N/A N/A N/A TAJCATERINGHOUSING JNTH 2007 Q4 10,000,000 13,120,545 11,196,983 12, % 0.1% (0.9%) 33,700,000 >100 4,291,410 14,445,993 JORDAN CENTRAL JOCE 2008 Q1 4,500,000 8,840,756 5,183,643 81, % 11.5% (2.2%) 13,950, ,890 87,848 JOR ELECTRIC PWR JOEP 2008 Q1 66,000, ,736,896 97,589, , % 2.6% % 471,240,000 >100 3,131,647 21,676,662 JOR HOTEL TOURS JOHT 2007 Q4 10,000,000 29,048,520 20,711,045 2,959, % 15.0% (0.7%) 69,500, ,530 JOR INV TRUST JOIT 2008 Q1 29,513,889 65,288,968 50,125, , % 2.1% % 79,392, ,010 10,707 RESOURCES INVEST JOMA 2007 Q4 11,000,000 11,009,388 10,979,558 (23,462) (0.002) (0.2%) (0.2%) % 37,180,000 Negative 854,486 2,573,175 JORDAN CONSULTING JOMC 2007 Q4 1,400,000 1,739, ,664 76, % 10.9% % 2,184, ,155 4,802

7 JOR PRESS/ PUBLISH JOPP 2008 Q1 4,000,000 18,621,494 11,900, , % 7.1% (2.2%) 14,400, ,306 73,332 JOR TRADE FAC JOTF 2007 Q4 15,000,000 31,976,579 17,829,394 1,710, % 9.9% % 34,950, N/A N/A JOR PROJ TOUR DEV JPTD 2007 Q4 17,000,000 57,035,057 31,678,426 3,493, % 11.7% % 144,500, N/A N/A JO REALESTATE JRCD 2007 Q4 30,000,000 44,035,613 38,665,531 7,953, % 22.4% (0.6%) 50,100, , ,960 JORDAN TELECOM JTEL 2008 Q1 250,000, ,082, ,386,766 25,182, % 23.8% (1.9%) 1,652,500, ,412 3,826,370 KAFA`A INVESTMENTS KAFA 2007 N/A 4,000,000 N/A N/A N/A N/A N/A N/A (1.6%) 12,600,000 N/A 3,750 11,778 AL-DAWLIYAH H&M MALL 2008 Q1 43,200,000 66,941,790 56,987, , % 4.7% % 60,480, , ,488 MEDITER. TOURISM MDTR 2007 Q4 45,000,000 51,919,647 49,169,210 3,097, % 6.4% (1.4%) 95,850, ,614 MIDDLE EAST DIV MEDI 2007 Q4 2,000,000 3,402,672 2,183, , % 6.3% % 12,800, ,261 31,630 METHAQ MEET 2007 Q4 7,500,000 11,466,232 7,814,196 (333,353) (0.044) (3.9%) (5.1%) (0.7%) 10,500,000 Negative 214, ,862 TAJ TOURIST PROJ MERM 2008 Q1 40,000,000 49,885,203 45,527,749 (49,914) (0.001) (0.4%) (0.4%) % 73,600,000 Negative 183, ,900 MASAFAT TRANSPORT MSFT 2007 Q4 12,000,000 14,764,665 13,182, , % 6.6% % 19,560, ,020,265 3,137,313 TRANSPORT BARTER NAQL 2008 Q1 11,000,000 21,570,857 14,536, , % 19.8% % 23,320, , ,416 NOPAR FOR TRADING NOTI 2007 Q4 500, , ,373 15, % 3.2% % 1,315, ,273 NATL PORTFOLIO NPSC 2008 Q1 15,000,000 40,695,129 24,056,596 3,845, % 69.5% % 42,450, , ,173 PETRA EDUCATION PEDC 2008 Q1 16,000,000 25,451,242 18,770,642 1,069, % 22.1% % 48,000, ,622 REAL ESTATE & INV PORT PETT 2007 Q4 15,000,000 11,493,580 11,289, , % 2.3% (2.5%) 17,400, , ,102 PHILADELPHIA UNI PIEC 2007 Q4 15,000,000 24,304,883 18,954,227 3,014, % 16.2% (1.9%) 47,100, ,000 6,310 PALACES PRED 2007 Q4 4,000,000 4,439,613 3,918,238 (80,468) (0.020) (1.8%) (2.1%) % 20,400,000 Negative 37, ,913 J. PRESS FOUNDAT PRES 2008 Q1 7,500,000 39,559,534 35,214,942 1,807, % 21.1% (0.7%) 145,275, , ,342 PROFESSIONAL PROF 2007 N/A 55,000,000 N/A N/A N/A N/A N/A N/A % 63,250,000 N/A 936,378 1,058,191 EAST REAL ESTATE REAL 2008 Q1 9,996,082 47,893,535 41,024, , % 1.4% % 97,061,956 > ,605 1,301,413 REAL ESTATE DV REDV 2008 Q1 91,500, ,931, ,465,744 (719,204) (0.008) (2.1%) (3.0%) % 165,615,000 Negative 5,425,605 9,914,709 REAL ESTATE INV REIN 2008 Q1 7,500,000 8,845,760 7,587,168 (90,507) (0.012) (4.2%) (4.7%) % 13,500,000 Negative 27,317 48,861 AL RAKAEZ RICS 2007 Q4 10,000, ,941,420 (58,580) (0.006) (0.6%) (0.6%) % 8,200,000 Negative 122, ,151 ROYAL JORDANIAN RJAL 2008 Q1 84,373, ,135, ,173,000 (2,975,000) (0.035) (3.5%) (11.1%) (1.8%) 280,119,522 Negative 881,845 2,925,722 RUM TOURIST TRAN RUMM 2007 N/A 7,000,000 N/A N/A N/A N/A N/A N/A (1.8%) 15,400,000 N/A 67, ,520 AL-SALEM FOR INV SALM 2007 Q4 500, , , , % 30.2% % 2,285, ,644 AL-SANABEL INT L SANA 2007 Q4 20,000,000 20,904,739 20,335, , % 2.3% % 23,400, , ,515 SOUTH ELECTRONICS SECO 2007 Q4 50,000, ,779,213 50,458, , % 2.8% (1.2%) 41,500, , ,748 SHARECO BROKERAGE SHBC 2007 N/A 12,000,000 N/A N/A N/A N/A N/A N/A % 22,200,000 N/A 359, ,200 SHIPPING LINE SHIP 2008 Q1 12,075,000 24,552,974 15,457, , % 13.2% % 28,376, ,212 30,648 SPEC.INV JOR SIJC 2008 Q1 4,500,000 15,001,691 11,365, , % 13.9% % 16,560, ,945 36,039 SALAM INT TRN TD SITT 2008 Q1 13,200,000 54,066,924 20,567, , % 4.1% % 33,132, , ,096 SPCZ.INVST.COMD SPIC 2008 Q1 23,000,000 72,854,711 35,620,561 1,497, % 18.2% % 242,650, ,990 5,972,680 SPCZ.TRDG&INVST SPTI 2007 Q4 3,075,000 5,113,140 3,628, , % 9.2% (16.9%) 6,519, ,947 1,637,345

8 TAAMEER JOR HLDGS TAMR 2007 Q4 211,982, ,524, ,619,320 (3,200,557) (0.015) (1.2%) (1.6%) % 464,240,740 Negative 1,467,216 3,220,408 AL-TAHDITH THDI 2007 Q4 2,000,000 2,243,681 1,994,419 (10,023) (0.005) (0.4%) (0.5%) % 2,960,000 Negative 15,286 22,258 TUHAMA INVESTMENTS THMA 2007 Q4 9,000,000 9,003,729 8,850, , % 5.5% % 18,630, , ,932 TRUST INT L TRANSPORT TRTR 2007 Q4 3,434,750 4,344,233 2,442, , % 5.1% N/A N/A % 2,473, N/A N/A UNI ARAB INVEST UAIC 2007 Q4 147,500, ,852, ,962,178 (100,797) (0.001) (0.0%) (0.0%) % 348,100,000 Negative 3,127,474 7,326,018 UN FOR FINCL INV UCFI 2008 Q1 5,000,000 12,426,324 9,767,600 1,042, % 80.1% % 26,500, ,436 3,523,218 UNION INV UINV 2008 Q1 50,000,000 88,656,827 67,234, , % 1.3% (2.9%) 84,500,000 >100 5,027,670 8,752,537 UNION LAND DEV ULDC 2008 Q1 45,000,000 74,818,576 56,572, , % 4.1% (0.4%) 100,350, ,078,250 13,738,095 ARAB INV. UNION UNAI 2007 Q4 3,000,000 2,850,801 2,840,721 (79,721) (0.027) (2.8%) (2.8%) % 5,430,000 Negative 269, ,879 UNIFIED CO UNIF 2008 Q1 6,511,057 16,938,572 7,667,911 (170,883) (0.026) (3.9%) (8.8%) (2.5%) 7,748,158 Negative 79,090 93,630 AL SHAMEKHA REAL VFED 2008 Q1 1,200,000 2,615,993 2,273,613 (80,181) (0.067) (13.0%) (15.5%) % 3,144,000 Negative 228, ,729 WINTER VALLEY TOUR WIVA 2007 H1 5,000,000 1,632,148 1,469,670 (26,975) (0.005) (3.4%) (3.6%) (3.0%) 6,500,000 Negative 90, ,273 ZAHRAT ALURDON ZAHI 2008 Q1 500, , ,772 (16,086) (0.032) (12.6%) (12.8%) (1.5%) 1,350,000 Negative ZARA INVESTMENTS ZARA 2007 Q4 125,000, ,360, ,666,590 6,079, % 5.3% % 250,000, ,113 84,668 ZARQA EDUC ZEIC 2008 Q1 8,475,000 18,643,471 12,160, , % 21.5% (4.2%) 25,425, ,024 15,405 Services Sector Total 2,621,006,645 6,352,805,650 3,288,681, % 11.6% 7,423,133, ,834, ,312,936 ARAB ALUM IND AALU 2007 Q4 6,750,000 19,297,230 13,004, , % 3.0% % 11,205, ,021 27,749 PREMIER ACDT 2008 Q1 1,330,008 8,949,171 5,253, , % 13.6% % 10,307, ,862 13,633 ARAB ELECT IND AEIN 2008 Q1 6,000,000 10,440,739 7,226,261 51, % 2.8% (4.0%) 7,200, ,320 51,887 AFIA INT CO-JORDAN AICG 2007 Q4 8,000,000 6,534,688 2,800,544 (2,978,165) (0.372) (33.6%) (69.4%) % 19,680,000 Negative N/A N/A ARAB INT L FOOD AIFF 2008 Q1 10,500,000 28,571,470 27,878,857 46, % 0.6% % 70,035,000 >100 N/A N/A AL-JANUOB FLT MF AJFM 2007 Q4 1,514,627 3,266,906 1,831, , % 13.1% (5.0%) 4,937, AMANA AGRICULT. AMAN 2007 Q4 7,000,000 6,022,928 4,032,240 43, % 1.1% % 3,850, , ,979 ARAB INVEST PROJ APCT 2007 Q4 20,000,000 5,851,672 4,491, , % 2.6% % 23,800,000 > , ,159 ARAB PHARMA CHEM APHC 2008 Q1 5,000,000 8,082,358 7,438,516 (8,452) (0.002) (0.4%) (0.4%) % 9,500,000 Negative 1,896 3,624 ARAB PHARMA COM APMC 2007 Q3 20,000,000 70,213,966 57,850,485 5,128, % 11.9% % 90,200, N/A N/A ARAB POTASH CO APOT 2008 Q1 83,318, ,540, ,281,000 29,268, % 29.0% % 6,213,856, ,419 1,698,485 AL-QUDS READY MIX AQRM 2007 Q4 14,000,000 18,804,891 15,357,514 (562,319) (0.040) (3.0%) (3.6%) % 15,540,000 Negative 2,321,245 2,536,406 ARAB ENGINEERING IND. AREN 2007 Q4 7,117,236 12,741,860 1,066,990 (1,276,500) (0.179) (10.0%) (72.9%) N/A N/A % 12,811,025 Negative N/A N/A ARAB STEEL PIPES ASPMM 2008 Q1 9,000,000 20,769,979 15,071,754 1,236, % 32.7% % 20,250, ,365 60,429 COMPLAND DEV&INV ATTA 2007 Q4 12,000,000 17,264,413 15,091,823 1,200, % 11.2% % 16,320, ,252,184 1,711,228 BATON FOR BLOCKS BLOK 2007 Q4 12,000,000 14,373,566 12,210, , % 1.7% % 13,800, ,117 56,406 DAR ALDAWA DV/IV DADI 2007 H1 20,000,000 60,838,898 52,466,047 4,361, % 16.7% % 96,400, , ,184 EKBAL PRINT CO. EKPC 2008 Q1 5,000,000 8,320,322 6,044,492 (56,451) (0.011) (2.7%) (3.7%) (1.6%) 6,000,000 Negative 25,785 31,418 EL-ZAY READY WR ELZA 2008 Q1 11,500,000 19,331,950 10,031,892 (263,290) (0.023) (5.4%) (10.3%) (7.9%) 8,050,000 Negative 167, ,267

9 FIRST NAT VEG OIL FNVO 2008 Q1 4,500,000 6,926,290 3,019, , % 14.1% % 5,310, , ,883 GENERAL INVESTMENT GENI 2007 Q4 10,000,000 29,944,692 27,133,709 2,007, % 7.9% N/A N/A % 60,600, N/A N/A GENERAL MINING GENM 2007 Q4 1,500,000 2,883,362 2,449, , % 12.9% % 7,950, ,860 25,138 LIGHT CONCRETE GLCI 2007 Q4 8,500,000 10,057,037 8,806,757 (67,466) (0.008) (0.5%) (0.8%) (2.0%) 12,240,000 Negative 24,124 34,950 HAYAT PHAR. IND. HPIC 2007 Q4 9,500,000 13,001,882 11,134, , % 6.4% % 12,065, N/A N/A INDSTRAL/COMM/AGR ICAG 2007 Q4 14,396,942 10,751,992 7,172,560 1,049, % 15.8% % 8,206, , ,701 INDL CERAMIC ICER 2007 Q3 6,000,000 8,230,658 6,534,996 11, % 0.3% % 5,160,000 >100 71,829 60,057 AD-DULAYL INDUS. PARK IDMC 2008 Q1 21,000,000 62,822,773 57,385, , % 1.2% % 41,160, ,252,540 34,689,032 RUM ALADDIN IND. IENG 2008 Q1 7,175,097 25,594,644 8,963, , % 17.8% (4.8%) 26,834, IND./MATCH JEMCO INMJ 2007 Q4 1,800,000 1,208,746 1,113,638 (16,186) (0.009) (1.3%) (1.4%) % 5,850,000 Negative 13,800 40,753 COMPREHENSIVE INOH 2007 Q4 4,250,000 12,868,386 6,005, , % 12.6% % 11,135, ,440 1,235,619 INTERMED PETRO CHEM IPET 2007 Q4 5,000,000 8,491,471 6,169,469 (377,815) (0.076) (4.5%) (5.9%) N/A N/A % 1,000,000 Negative N/A N/A INT TOBACCO ITCC 2008 Q1 20,000,000 72,003,230 31,053,785 1,830, % 20.8% (1.5%) 52,000, ,355 57,825 JOR NEW CABLE CO JNCC 2008 Q1 27,000, ,697,645 33,194,325 2,105, % 25.7% % 97,470, ,962 57,634 JOR CERAMIC FAC JOCF 2008 Q1 7,500,000 12,156,288 9,985, , % 12.6% % 4,200, ,579 10,914 JOR CEMENT FACT JOCM 2008 Q1 60,444, ,018, ,254,755 10,939, % 24.5% (0.5%) 655,822, , ,716 JORDAN DAIRY JODA 2008 Q1 4,000,000 9,196,745 7,130,022 1, % 0.1% % 7,440,000 > JOR INDSTR CHEM JOIC 2008 Q1 1,799,624 5,343,944 3,046, , % 13.0% (4.5%) 5,668, ,983 15,912 JORDAN IND.RES. JOIR 2008 Q1 13,250,000 21,300,636 15,731,781 29, % 0.7% (1.1%) 11,395, ,102,045 2,650,029 JOR PAPER & CARD FACT JOPC 2008 Q1 7,500,000 20,225,234 10,553,443 23, % 0.9% % 16,350,000 >100 5,783 12,399 JOR PHOSPHATE MN JOPH 2008 Q1 75,000, ,074, ,264,741 8,710, % 17.6% % 2,579,250, ,093 19,461,470 JOR PIPES MANFACT JOPI 2008 Q1 3,575,000 9,911,620 7,481, , % 10.8% % 10,653, , ,367 JOR PETROLM REF JOPT 2008 Q1 32,000, ,617,362 64,792,001 1,244, % 7.8% (0.6%) 534,400,000 >100 1,847,596 30,548,408 JOR SELPHO CHEM JOSL 2007 Q4 4,000,000 9,015,350 4,484,698 (77,942) (0.019) (1.0%) (2.1%) % 17,600,000 Negative 9,782 42,445 JOR STEEL JOST 2008 Q1 23,075,000 97,494,959 52,856,953 5,714, % 43.2% % 227,058, ,472,901 50,822,000 JORDAN TANNING JOTN 2007 Q4 1,500,000 2,429,888 1,957,282 (442,601) (0.295) (16.7%) (20.4%) (18.1%) 3,600,000 Negative 3,592 9,356 JOR ROCK WOOLID JOWL 2007 H1 3,000, ,877 2,412,949 (92,743) (0.031) (39.4%) (7.6%) (3.8%) 3,000,000 Negative 72,033 72,892 JOR WORSTED MILL JOWM 2008 Q1 12,500, ,190,491 96,365,195 1,945, % 7.9% % 97,500, ,287 48,250 JORDAN PHARMA JPHM 2007 Q4 20,000,000 54,531,097 34,266,490 1,648, % 4.9% % 36,800, , ,116 JORDAN POUL PROC JPPC 2007 Q4 14,888,874 20,580,042 4,837,391 (2,998,106) (0.201) (15.8%) (50.6%) % 7,891,103 Negative N/A N/A JOR VEG OIL IND JVOI 2007 Q4 3,000,000 15,973,690 5,196, , % 6.8% % 6,750, , ,117 ENJAZ LIPO 2007 Q4 3,335,942 3,426,083 3,286,540 (68,113) (0.020) (3.2%) (3.6%) % 6,671,884 Negative 43,307 91,531 ARAB PESTICIDES MBED 2007 Q4 9,000,000 17,288,036 11,830,924 1,212, % 10.5% (8.1%) 11,250, , ,173 MID EASTCOMPLEX MECE 2008 Q1 100,000, ,107, ,049,385 2,185, % 5.4% % 274,000, ,525,616 6,734,948 MID PHARMA IND MPHA 2008 Q1 9,869,583 22,519,111 12,458,232 (404,630) (0.041) (7.1%) (12.8%) % 33,556,582 Negative 7,806 26,461 NATIONAL STEEL NAST 2008 Q1 4,000,000 9,734,140 5,664, , % 30.7% % 8,440, ,543,392 2,921,078

10 NAT L ALUM IND NATA 2008 Q1 9,000,000 19,867,487 12,978, , % 13.3% % 13,860, , ,540 NAT CHLORINE NATC 2008 Q1 9,000,000 12,221,481 11,105, , % 8.8% % 11,250, ,426 60,450 NAT L POULTRY NATP 2007 Q4 30,000,000 73,013,124 53,050,192 6,374, % 12.8% % 63,000, NUTRI DAR NDAR 2008 Q1 10,000,000 18,038,981 10,705, , % 6.6% (2.3%) 16,900, ,375 2,322 PEARL SAN P CONV PERL 2008 Q1 2,500,000 3,996,665 3,346,883 41, % 5.0% % 5,225, N/A N/A READY MIX CONCRT RMCC 2008 Q1 25,000,000 42,494,136 31,681, , % 9.6% (9.8%) 64,250, , ,956 SILICA INDUSTR. SLCA 2007 Q4 2,366,815 2,489,416 2,388, , % 5.4% % 8,402, N/A N/A TRAVCO TRAV 2008 Q1 4,600,000 5,792,992 5,236, , % 9.6% % 5,658, ,838 7,089 UNION ADV INDST UADI 2008 Q1 3,000,000 12,274,485 6,741, , % 19.0% % 10,230, N/A N/A UNITED CABLE IND UCIC 2007 N/A 40,000,000 N/A N/A N/A N/A N/A N/A % 53,600,000 N/A 293, ,726 AL-QARIA UCVO 2008 Q1 4,500,000 14,021,148 4,700, , % 20.6% % 12,960, , ,557 UNIV MOD INDCO UMIC 2008 Q1 6,000,000 11,544,863 8,891, , % 18.1% % 9,660, , ,083 UNIV CHEM IND UNIC 2008 Q1 1,500,000 3,152,887 2,891,691 (26,659) (0.018) (3.3%) (3.7%) % 2,850,000 Negative 18,682 35,451 UNION TOBACCO UTOB 2008 Q1 15,000,000 63,676,212 34,796, , % 2.6% % 54,150, , ,661 NAT/CABL/WIRE/MF WIRE 2008 Q1 12,500,000 18,839,081 18,839, , % 7.6% (5.0%) 28,750, , ,501 JOR WOOD INDUSTR WOOD 2007 Q4 3,500,000 10,922,453 6,982,192 1,888, % 29.1% % 19,915, WOOLEN INDUSTRIES WOOL 2007 Q4 1,200,000 1,301, ,498 (401,423) (0.335) (27.3%) (40.1%) (3.9%) 1,488,000 Negative Industrial Sector Total 993,557,208 3,882,046,587 2,005,608, % 9.7% 11,942,169, ,366, ,039,428 Market Total 5,684,222,004 51,278,933,294 11,746,286, ,559, % 13.7% 35,873,134, ,968, ,159,793 Earnings per Share () indicated above represents the basic. The Arab Bank represents the Arab Bank Group. Return on Average Assets () and Return on Average () are based on annualised earnings. Where no financials have been issued by the Company for either 2006 or 2007, the figures indicated represent the Return on Assets (ROA) and Return on (ROE). is based on last closing price and annualised earnings per share. The Arab Bank is based on the Arab Bank Group financials. Negative and s greater than 100 have been excluded from the calculation of the sector. N/A - Information not Available/Applicable

11 Research Department Tanya Khammash Head of Research Department Zein Alkhas Research Analyst Brokerage Tel (ext. 301) Disclaimer This document has been issued by ABC Investments for informational purposes only. The information contained herein is based on sources we believe to be reliable, but its accuracy is not guaranteed and such information may be incomplete or condensed. This document is not, and should not, be construed as an offer or the solicitation of an offer to buy or sell any security. ABC Investments accepts no liability for any loss or damage of any kind arising from the use of all or any part of this document. ABC Investments has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein changes or subsequently becomes inaccurate. This document may not be reproduced or circulated without the written consent of ABC Investments.