Stock Market Highlights. MARKET WATCH Market Performance

Transcription

1 MARKET WATCH Market Performance This week marked the end of the persistent climb in the General Index of recent weeks, with the Index closing in the red every day this week, aside from Tuesday. With the end of the month approaching, coinciding with the end of the first half of the financial year, the Amman Stock Exchange was witness to a flurry of selling activity by institutions and individuals alike, in a bid to realise profits on the second quarter P&L statements, and to close margin positions. The downward pressure exerted on share prices from the sell-off activity was exacerbated by the announcement of the Jordan Petroleum Refinery that the bids by potential strategic investors are significantly lower than the current market value of the stock. This, compounded with an widespread view that a substantial proporation of the market stocks are overpriced, led to a 7.82% drop in the General Index to end the week at 4,649.1 points. The news of the Refinery positioned it in our top losers for the week, with a drop in share price of 21.99%. Al Amal Financial Investors was our top decliner, due to the adjustment of its stock reference price following the listing of its rights issue. Meanwhile, the National Commercial Centre, on the back of a number of block deals, stole the limelight, ranking in top position amongst the gainers, rising by 25.4%. While the average daily traded value was consistent with last week, at million shares versus million shares, the daily average value traded registered at a significant 21.8% lower than last week, at JD million. Overall, 144 companies share prices declined out of a total of 206 companies traded, pulling down the market capitalisation by almost JD 4 billion, from JD billion to JD billion. Sector Performance The plummet in the market was mirrored across all major sector indices, with the sharpest decline registering for the Insurance Sector with a 12.1% drop, followed by the Banking and Insurance Sectors with descents of 8.7% and 8.6% respectively, while the Services Sector declined by 4.2%. The volume traded was the largest for the Services Sector with million shares traded, while the Industrial Sector claimed the lion s share of value of shares traded, at JD million. Block Trades Despite the downturn in the market and the decreased trading value, block trades sustained their activity, with 38 deals executed this week, with million shares traded for a total value of JD million. The largest block deals were on the stock of Middle East Complex (MECE), where 3 Stock Market Highlights This Week Week YTD General Index (Weighted) 10, ,093.9 (9.30%) 33.82% General Index (Free Float) 4, ,043.7 (7.82%) 26.51% This Week Week Value Traded (JD millions) (19.17%) Volume Traded (millions) % Index General Market Index Performance Index Weekly Index 22/06/ /06/ /06/ /06/ /06/ /06/ /08/ /10/ /12/ /02/ /04/ /06/2008 The Week s Top Gainers and Losers Company Current Close Close % National Commercial Centre (ABLA) % The National Insurance (NAAI) % Al Sharq Investment Projects (APIC) % Jordan Dubai Capital (REIN) % Euro Arab Insurance Group (AMMI) % Arab Electrical Industries (AEIN) (16.77%) Comprehensive Multiple Projects (INOH) (19.48%) Arab Steel Pipes Manufacturing (ASPMM) (21.81%) Jordan Petroleum Refinery (JOPT) (21.99%) Al Amal Investments (AMAL) (46.56%) The Week s Most Active Stocks in Number of Shares Traded* Company Volume of Shares South Electronics (SECO) 20,268,504 Ad-Dulayl Ind. Park Co. & Real Estate (IDMC) 11,486,191 United Arab Investors (UAIC) 8,274,293 Jordan Steel (JOST) 6,926,659 Al Faris Nat l Co. for Invest. & Export (CEBC) 5,624,927 The Week s Most Active Stocks in Value of Shares Traded* Company Value of Shares (JD) Jordan Petroleum Refinery (JOPT) 110,504,800 Jordan Phosphate Mines (JOPH) 89,748,600 Jordan Steel (JOST) 50,910,552 Arab Bank (ARBK) 40,334,376 Jordan Islamic Bank (JOIB) 37,244,840 * excluding block deals Weekly Index 1

2 million shares were traded at a price of JD 3 per share. National Commercial Centre (ABLA) was subject to the largest number of blocks, claiming 15 deals, with 4.92 million shares traded for an aggregate value of JD 7.86 million, positioning it as our top gainer for the week. Al-Quds Ready Mix (AQRM) had nine deals at an average price of JD 1.46 per share, giving a total value traded of JD 6.21 million. Other significant deals included two each for the Housing Bank (THBK) for a total of JD 5.02 million and 595 thousand shares, and United Arab Investors (UAIC), where 900 thousand shares were traded for JD 2.60 million. CORPORATE NEWS The Societe Generale Bank (MEIB) and the French Agency for Development signed a EUR 3 million agreement to fund portfolios of two microfinance institutions. Societe Generale will receive long term financing in Euros to re-lend in local currency to two institutions; Tamweelcom, which will be offered an amount of JD 2 million, and MEMCC, which will be offered JD 1 million. The Jordan Mortgage Refinance Company (JMRC) announced the issuance of their 77th corporate bond, at a nominal value of JD 5 million with a maturity of 5 years and an interest rate of 8.3% per annum. Taameer Jordan Holding (TAMR) signed an agreement with Issa Haddadine and Partners Construction Company entitling the latter to undertake the construction operations and infrastructure work of the 32 buildings and 512 apartments of the Ahl Al Azm City project. New Sector Classification Indices Batelco-Bahrain has confirmed obtaining the majority of required approvals to buy the remaining 20% of Batelco-Jordan (FTGR) for an amount of USD 3 million. The 20% represents 374 thousand shares owned by several shareholders and the deal is expected to be executed at a price of USD 8 per share. Index This Week Week % Banks 5, ,824.1 (6.5%) Insurance 4, ,375.0 (5.2%) Financial Services 9, ,104.0 (2.9%) Real Estate ,708.1 (4.5%) Financial 5, ,791.7 (5.4%) Health Care Services 1, ,157.7 (4.2%) Educational Services 3, ,186.1 (0.9%) Hotels & Tourism 2, ,398.0 (0.3%) Transportation 1, ,486.1 (5.1%) Tech. & Communications 2, ,567.3 (2.9%) Media 3, ,860.0 (1.3%) Utilities & Energy 8, ,785.7 (17.9%) Commercial Services 2, , % Services 3, ,672.7 (10.3%) Pharm. & Medical Industries 2, ,449.6 (2.9%) Chemical Industries 1, , % Paper & Carton Industries 1, ,250.2 (4.7%) Printing & Packaging 2, ,099.7 (0.6%) Food & Beverage 2, ,672.4 (3.3%) Tobacco 2, ,127.4 (2.9%) Mining & Extract. Industries 10, ,548.8 (10.8%) Engineering & Construction 3, ,769.4 (0.2%) Electric Industries 10, ,666.9 (5.0%) Textiles, Leather & Clothing 2, ,753.2 (2.7%) Glass & Ceramic Industries 1, ,385.7 (2.7%) Industries 5, ,894.2 (8.4%) General Index 4, ,043.7 (7.8%) The President of Royal Jordanian (RJAL) announced that the Company s air cargo performance excelled during the first quarter of 2008, with the cargo shipping volume increasing by 18% compared to the same period in 2007, and cargo revenues rising by 31% over the same period. Moreover, the volume shipped during April increased by 53% compared to the same month in Royal Jordanian was awarded the Airline of the Year 2007 title by the Airfinance Journal. The Board of Directors of the Jordan Securities Commission announced: The registration of the JD 3 million additional shares of Delta Insurance (DICL) through the capitalization of JD 1.3 million from retained earnings and distributing them as stock dividends to shareholders and the offering of JD 1.7 million through public subscription to existing shareholders, at an issuance price of JD 1.00 per share. The registration of the 1.1 million additional shares of Transport and Investment Barter Company (NAQL) resulting from the capitalization of JD 1.1 million from retained earnings, to be distributed as stock dividends to shareholders. The registration of the 7.5 million additional shares of Methaq Real Estate Investment (MEET) and the implementation of the issuance prospectus relating to the offering of the shares through public subscription to existing shareholders at an issuance price of JD 1 per share. The Central Bank of Jordan announced the issuance of JD 100 million treasury bonds on Thursday of this week with a maturity date of 26th December

3 MACROECONOMIC NEWS According to the monthly bulletin issued by the Ministry of Finance, the amount of domestic revenues and external grants for the first quarter of 2008 reached JD 1,191.0 million compared to JD million in 2007, giving an increase of 19.4%. Total foreign grants registered at JD 66.2 million compared to JD 32.8 million over the same period, while domestic revenues reached JD 1,124.8 million compared to JD million. The increase in domestic revenues is attributed mainly to the JD 80.6 million increase in tax revenues and the JD 78.3 million increase in other revenues. Moreover, total expenditures amounted to JD 1,061.7 during the first quarter of 2008 compared to JD in The budget surplus, including grants, reached JD million compared to a surplus of JD million in 2007, registering a decrease of 34%. Credit facilities granted by licensed banks registered at JD billion at the end of May 2008, up 10.3% compared to the facilities balance at the end of last year. Total deposits at licensed banks reached JD 17.2 billion at the end of May 2008, registering an increase of JD 1.2 billion during the first five months of 2008 compared to the deposit balance at the end of During the month of May alone, deposits rose by 1%, equivalent to JD million compared to April. Private sector deposits (resident) increased by JD 1.06 billion during the five months, while public sector deposits and private sector (non-resident) deposits increased by JD 109 million and JD 69 million over the same period, respectively. Total foreign investments in the Kingdom increased by 68% during the first quarter of 2008 to reach JD 632 million compared to JD 377 million during the same period of The Minister of Finance announced that the funds at the Treasury resulting from privatization proceeds have been depleted after the Kingdom bought back USD 2.3 billion of its Paris Club debt. Prior to the buy back, the available funds from privatization stood at JD million. The Minister of Industry and Trade is anticipating that the food subsidies bill will reach JD 330 million by the end of As of the end of May 2008, the bill stood at JD 144 million. The Minister of Finance has promised to tie public sector salaries to inflation and productivity starting next year. The Minister of Energy and Mineral Resources announced that the value of the primary energy bill for the current year will reach JD 3 billion based on current international energy prices, compared to the total primary energy bill of 2007 of JD 2 billion in According to statistics issued by the Ministry of Tourism, tourism revenues increased by 6% during the first five months of 2008 compared to the same period in 2007 to reach JD 659 million. The number of tourists increased by 50% from 138,443 to 206,900 over the same period, while the number of nights spent in the Kingdom rose from 603,661 nights to 907,180. The Government raised the amount of annual land rent for mining purposes from JD 500 to JD 18,000 per square kilometre, which is hoped to limit the number of intruders to the mining sector who had, in the past, rented large amounts of land without utilising it, resulting in prohibiting serious investors from taking advantage of real investment opportunities. The Government is looking to attract a strategic partner during the coming three months for the privatisation of the Jordan Post Company. The Prime Minister launched the Jordanian Public-Private Partnership Program, which is one of the main economic and development strategies adopted by the Government, aiming to improve and increase the services offered to the public by the Government through attracting investment and expertise from the private sector. The Jordan Chamber of Industry issued the first guidance bulletin for steel prices that are sold directly from the factory, which stated a price for the grade 40 steel of JD 1,015 and a maximum price of JD 1,047, while the price of grade 60 steel was set at a minimum of JD 1,020 and a maximum of JD 1,058. The demand on different fuel types declined by 50% due to the increase in oil derivative prices and the approach of the summer season, leading to a sharp decline in the number of gas cylinders distributed from thousand cylinders during the winter season to thousand cylinders during the summer season. 3

4 The Jordan Medical Association has published a new list of fees charged by private sector doctors which entail increases of between 20% to 60%. General physician fees increased from a minimum of JD 3 to JD 5 and a maximum of JD 5 to JD 8, while the minimum consultation fees for specialized doctors was raised from JD 7 to JD 10 and the maximum fees from JD 10 to JD 20. The Greater Amman Municipality launched the Amman Valley Development Project in the city centre with an area of 388 dunums and a four kilometre corridor. The Municipality will retain ownership of the land on which the project will be constructed for a period of up to 25 years, and has appointed three international investors to manage the project alongside local engineering offices. An investor in the telecommunication sector, Mr. Mohammad Saqer, submitted a financial bid to the Government to obtain a license to operate the mobile communication third generation service, a service which the Telecommunication Regulatory Commission is already working on introducing to the local market. The Manaseer Group signed a Euro 128 million agreement with FLS Company for the supply of equipment for the establishment of a cement factory in Karak with a production capacity of 3,500 tonnes of clinker. The expected total cost of the factory is USD 350 million and is expected to commence trial production in late The Kuwaiti Jordanian Holding Company resolved to stop competing for Jordanian investment projects following its failure to win any of the numerous bids made by the Company on a variety of investments. According to the Worldwide Governance Indicators Report produced by the World Bank Jordan ranked in position 27 out of 212 countries in the voice and accountability, indicator, positions 34 and 65 respectively in the political stability and government effectiveness indicators, while it ranked in position 62 in the regulatory quality indicator, position 65 in the rule of law indicator, and finally, in position 67 in the control of corruption indicator. The Economic and Financial Committee of the House of Parliament demanded that the Government guide the general expenditure of the Central Government and Government units, and reduce the percentage of expenditures to GDP to be consistent with international standards. The car retail market is witnessing a slump in the demand for diesel-engine cars due to the increase in diesel prices making them comparable to fuel prices. Preliminary statistics issued by the Insurance Commission of Jordan revealed a 13% increase in the insurance premiums written during the first five months of 2008 to reach JD million at the end of May compared to JD million for the same period in This increase was attributed to the 12% rise in premiums on General Insurance segments, which reached JD million compared to JD million, while life insurance premiums increased by 24% to register at JD 14.6 million compared to JD 11.8 million for the same period last year. 4

5 ARAB BANKING CO. ABCO 2008 Q1 64,471, ,384,790 80,671,022 3,776, % 19.1% (1.7%) 148,930, , ,801 ARAB JOR/INV/BANK AJIB 2008 Q1 100,000, ,181, ,067,186 2,750, % 16.6% (1.1%) 188,000, ,769 43,653 ARAB BANK ARBK 2008 Q1 534,000,000 21,666,537,000 3,584,588, ,617, % 13.5% (10.5%) 10,984,380, ,890,390 40,334,376 BANK OF JORDAN BOJX 2008 Q1 100,000,000 1,569,932, ,921,261 6,790, % 17.2% (8.2%) 256,000, ,071,710 2,879,008 CAIRO AMMAN BANK CABK 2008 Q1 80,000,000 1,444,747, ,997,283 4,607, % 12.3% (3.3%) 257,600, , ,157 CAPITAL BANK EXFB 2008 Q1 132,280, ,773, ,341,234 3,904, % 8.8% (2.5%) 310,858, , ,942 INDSTRL DEV BANK INDV 2008 Q1 24,000, ,448,302 61,396,379 1,732, % 11.4% % 94,080, ,209,097 8,296,640 JOR INV FIN BANK JIFB 2008 Q1 55,000, ,585,500 82,918,090 3,343, % 16.5% % 146,850, , ,666 JCBANK JOGB 2008 Q1 69,575, ,339,056 81,351,349 2,416, % 11.9% % 180,199, ,300,053 3,289,907 JOR ISLAMIC BANK JOIB 2008 Q1 65,000,000 1,734,798, ,304,799 7,828, % 22.8% (12.4%) 543,400, ,108,750 37,244,840 JOR KUWAIT BANK JOKB 2008 Q1 100,000,000 2,002,389, ,084,745 13,328, % 23.7% (4.4%) 740,000, ,927 1,683,997 JORDAN AHLI BANK JONB 2008 Q1 110,000,000 2,035,250, ,062,823 9,010, % 17.9% (6.8%) 269,500, ,951 1,572,541 SOCGEN BK - JORDANIE MEIB 2007 Q4 40,455, ,921,355 27,312,443 2,206, % 8.4% (3.1%) 102,757, ,931 15,176 HOUSING BK TRD FIN THBK 2008 Q1 250,000,000 5,096,782, ,159,385 30,806, % 14.8% (5.6%) 2,125,000, , ,800 UNION BK SAV/INV UBSI 2008 Q1 95,000,000 1,075,998, ,625,702 5,439, % 10.0% (2.3%) 324,900, , ,099 Banking Sector 1,819,782,705 40,449,070,682 6,138,801, ,559, % 14.3% 16,672,455, ,382,948 97,982,603 ALNISR ALARABI AAIN 2008 Q1 10,000,000 30,214,132 18,232, , % 16.6% % 58,900, ,500 14,188 ARAB ORIENT INS AALI 2007 Q4 10,000,000 27,755,715 12,523,505 1,462, % 11.9% % 24,000, N/A N/A ARAB GERMAN INS AGICC 2008 Q1 10,400,680 43,765,882 9,029,042 (34,570) (0.003) (0.3%) (1.4%) (6.1%) 37,026,421 Negative 913,614 3,361,111 ARAB INT UNI INS AIUI 2008 Q1 4,000,000 10,554,341 4,961,996 (73,182) (0.018) (2.8%) (5.9%) % 6,400,000 Negative 15,810 24,354 EURA ARAB INS. AMMI 2008 Q1 6,720,000 18,624,089 7,999, , % 23.4% % 9,408, ,850 2,530 BARAKAH TAKAFUL ARAI 2007 Q4 5,944,797 9,899,246 5,457, , % 11.9% (4.4%) 8,976, , ,337 ARAB ASSURERS ARAS 2008 Q1 8,000, ,142 9,529,018 40, % 1.7% % 11,360, ,658 66,933 ARAB JOR INSURANCE ARGR 2008 Q1 10,000,000 15,404,932 1,079,085 17, % 1.2% % 21,500,000 >100 1,317 2,832 ARAB INS ARIN 2007 Q4 8,000,000 25,758,171 10,272, , % 9.1% % 16,800, N/A N/A ARABIAN SEAS INS ARSI 2008 Q1 21,000,000 18,944,334 14,803, , % 3.6% % 19,320, ,430 8,829 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%) (6.3%) 10,500,000 Negative 579, ,429 FIRST INSURANCE FINS N/A N/A 24,000,000 N/A N/A N/A N/A N/A N/A % 28,080,000 N/A 1,320,092 1,505,429 GENERAL ARAB INS GARI 2007 Q4 7,722,504 19,335,252 12,244, , % 9.9% % 9,730, ,457 7,652 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 2008 Q1 4,000,000 10,029,049 3,023,538 (420,870) (0.105) (17.9%) (52.1%) (5.8%) 6,520,000 Negative JERUSALEM INS JERY 2007 Q4 5,460,000 18,527,357 9,227,311 1,537, % 18.2% (2.6%) 16,380,

6 JOR INT INSUR CO JIJC 2008 Q1 16,500,000 36,545,102 22,114, , % 7.2% (2.9%) 27,390, ,541 42,338 JOR FRENCH INS JOFR 2008 Q1 9,100,000 20,596,567 6,236,143 (200,435) (0.022) #REF! (16.6%) (1.0%) 9,009,000 Negative 19,345 19,142 JORDAN INSURANCE JOIN 2008 Q1 30,000,000 86,094,973 55,823,935 3,871, % 33.8% (12.3%) 121,500, , ,170 MED GULF-JORDAN MDGF 2007 Q4 10,000,000 14,069,879 10,095,730 95, % 0.9% (1.2%) 24,000,000 >100 74, ,058 MIDDLE EAST INS MEIN 2008 Q1 18,000,000 68,552,273 40,623,800 (199,727) (0.011) (1.2%) (2.0%) (7.1%) 52,200,000 Negative 3,566 10,540 NATIONAL INSURANCE NAAI 2008 Q1 4,000,000 9,353,587 4,706,206 99, % 8.5% % 5,680, , ,366 OASIS INSURANCE OASI 2007 Q4 5,000,000 4,327,014 (729,660) (456,406) (0.091) (7.0%) (33.3%) % 3,000,000 Negative 14,920 8,826 PHILADELPHIA INS PHIN 2007 Q4 4,000,000 8,192,692 4,579, , % 6.5% (3.8%) 5,000, ,157 1,428 ISLAMIC INSUR CO TIIC 2008 Q1 8,000,000 24,020,895 15,543,718 2,335, % 67.8% (6.5%) 33,440, ,614,954 6,882,141 UNITED INSURANCE UNIN 2008 Q1 7,000,000 19,289,296 12,980, , % 20.3% % 12,670, N/A N/A YARMOUK INS YINS 2008 Q1 5,000,000 11,828,576 6,971,665 (229,525) (0.046) (7.6%) (13.0%) (6.9%) 9,500,000 Negative 7,415 13,835 Insurance Sector Total 270,829, ,848, ,047, % 11.7% 608,423, ,356,052 14,032,111 AL-AMIN FOR INV AAFI 2008 Q1 8,940,090 21,758,696 19,242,259 4,919, % 114.2% (5.9%) 49,528, ,962,964 16,869,710 NAT L COM CENTER ABLA 2008 Q1 6,000,000 7,217,536 5,537,995 (78,815) (0.013) (4.3%) (5.7%) % 9,480,000 Negative 212, ,950 AL-BELAD MED SRV ABMS 2008 Q1 15,000,000 22,770,908 18,951, , % 3.6% (6.0%) 18,900, , ,695 COMPRHNSVE MUTLP TRAN ABUS 2008 N/A 20,000,000 N/A N/A N/A N/A N/A N/A (2.5%) 46,200,000 N/A 252, ,501 ARAB EAST INVST. AEIV 2008 Q1 40,000, ,363,512 92,466,990 17,926, % 93.9% (2.2%) 144,800, ,003 2,184,410 ARAB INT INV EDU AIEI 2008 Q1 40,500, ,033,317 51,517,990 (475,638) (0.012) (0.4%) (3.6%) (3.0%) 154,710,000 Negative 78, ,590 ISRA EDUE AIFE 2007 Q4 15,000,000 34,919,594 18,309,648 1,929, % 11.7% (3.6%) 48,450, ,400 4,567 ARAB INTL HOTEL AIHO 2008 Q1 25,000,000 72,925,506 62,999, , % 4.7% % 66,250, ,129 3,002 AL SHARQ INV AIPC 2007 Q4 16,000,000 20,466,000 19,198,188 1,493, % 7.8% % 31,360, , ,269 JOR INV.&TRSM ALFA 2007 Q4 7,500,000 8,206,763 6,925,123 (461,882) (0.062) (5.5%) (6.5%) (5.2%) 9,600,000 Negative 42,135 54,456 AMAD REAL ESTATE INV. AMAD 2008 Q1 6,600,000 10,576,343 9,986, , % 18.8% (3.2%) 14,058, , ,328 AL-AMAL INV. AMAL 2007 Q4 7,500,000 10,719,907 8,937,032 1,226, % 14.7% (46.6%) 16,875, ,179,353 7,559,463 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% (1.1%) 116,450, ,240,534 11,728,312 ARD ANNOMOW ARDN 2007 N/A 500,000 N/A N/A N/A N/A N/A N/A % 1,705,000 N/A 10,383 34,526 ARAB REAL EST ARED 2008 Q1 30,000,000 87,420,860 40,331,076 2,486, % 27.4% (4.3%) 59,400, , ,662 AWTAD INVESTMENTS A 2007 Q4 1,000,000 1,237, ,522 2, % 0.2% (1.6%) 3,590,000 > B. AL-MAL/BEITNA BAMB 2007 Q3 28,600,000 71,121,609 58,607,506 9,855, % 23.6% (4.7%) 51,766, , ,935 OFFTEC INVESTMENTS BDIN 2007 Q4 42,000,000 46,302,863 42,582, , % 2.2% (2.0%) 41,160, , ,522 BINDAR BIND 2007 Q4 13,000,000 28,854,138 14,802,904 1,379, % 12.3% % 39,000, ,680 16,981 BILAD INVESTMENTS BLAD 2007 Q4 10,000,000 12,082,256 10,534, , % 5.9% (3.2%) 15,000, , ,729 AL-FARIS NATIONAL CEBC 2007 Q4 25,000,000 33,816,486 25,547, , % 1.9% % 44,000,000 >100 5,624,927 10,268,738 CENTURY INV.GRP CEIG 2007 Q4 5,191,560 9,220,062 6,222, , % 9.2% (1.5%) 6,956, , ,675

7 CONSULTANT AND INV GR CICO 2007 N/A 22,000,000 N/A N/A N/A N/A N/A N/A (3.1%) 27,500,000 N/A 84, ,185 CONTEMPRO COHO 2008 Q1 6,000,000 9,081,061 8,647, , % 6.8% (4.8%) 9,540, ,148 1,111,480 DARAT JORDAN HOLDING DARA 2208 N/A 15,000,000 N/A N/A N/A N/A N/A N/A (1.7%) 17,700,000 N/A 328, ,502 D-KHALILI & SONS DKHS 2007 Q4 12,200,000 43,555,212 6,711,362 79, % 1.2% (3.5%) 30,378,000 >100 1,071,872 2,654,699 DAMAC REAL ESTATE DMAC 2007 Q4 5,000, ,190, , % 3.7% (0.6%) 16,400, , ,051 EMMAR INV. DEV. EMAR 2008 Q1 11,970,000 33,409,223 16,279,367 1,088, % 27.7% (0.4%) 27,052, , ,694 FIRST FINANCE FIFI 2008 Q1 50,000,000 56,707,560 52,442,415 3,063, % 23.4% (8.1%) 57,000, , ,817 FALCON INV &FIN FIFS 2008 Q1 4,085,844 5,769,118 4,018,913 60, % 9.2% (6.5%) 4,739, , ,880 MODEL RESTAURANTS FOOD 2007 N/A 25,000,000 N/A N/A N/A N/A N/A N/A % 38,500,000 N/A 1,691,456 2,586,964 FIRST JORDAN FRST 2007 Q4 150,000, ,502,659 10,217, % 6.5% (5.4%) 159,000, ,899,288 2,044,080 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% (2.3%) 19,685, , ,707 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%) 23,040, , ,536 INT L BROKERAGE IBFM 2008 Q1 21,295,117 44,238,553 24,469, , % 13.3% % 27,683, ,206,024 1,527,702 INT CO MED INV ICMI 2008 Q1 4,500,000 5,665,572 4,164,355 (338,138) (0.075) (24.9%) (31.2%) (5.7%) 19,440,000 Negative 839,983 3,801,632 INVEST ESTATE INDUST IEAI 2007 Q4 30,000,000 53,091,578 31,453,279 1,041, % 3.4% (3.5%) 123,000,000 > ,555 2,534,359 IHDATHIAT CO. IHCO 2008 Q1 3,000,000 3,772,401 3,195,598 96, % 11.8% % 6,450, ,039,801 2,298,315 ARABIAN DEV CO INMA 2008 Q1 7,000,000 17,098,826 16,047, , % 10.0% (3.8%) 14,000, , ,115 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% (3.4%) 23,640, ,310,415 6,573,838 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% % 19,430, ,039,856 1,938,677 JOR DUTY FRE SHP JDFS 2007 Q4 5,000,000 18,383,395 15,414,000 4,152, % 28.0% % 44,500, ,035 33,446 DIMENSIONS JEDI 2007 Q4 10,000,000 9,885,863 9,799,169 (200,831) (0.020) (2.0%) (2.0%) (3.7%) 10,500,000 Negative 271, ,588 JORDAN EXPAT.INV JEIH 2008 Q1 15,000,000 25,193,843 22,313,801 3,384, % 65.4% (11.1%) 31,200, ,687,540 3,665,302 JORDAN EXPRESS JETT 2008 Q1 10,800,000 20,189,089 18,119, , % 12.4% (7.1%) 25,380, ,160 14,532 INTERNATIONAL INV. JIIG 2007 Q4 10,000,000 12,686,239 9,577,184 (292,915) (0.029) (2.3%) (3.0%) (13.7%) 13,200,000 Negative 91, ,101 JORDAN INTL TRAD JITC 2008 Q1 3,400,000 6,357,456 4,318, , % 39.6% % 8,568, , ,893 JOR LOAN GRNT.CO JLGC 2007 Q4 10,000,000 25,328,525 17,012, , % 4.3% (0.8%) 12,300, ,161 46,852 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% (4.7%) 34,200,000 >100 3,134,800 10,852,689 JORDAN CENTRAL JOCE 2008 Q1 4,500,000 8,840,756 5,183,643 81, % 11.5% % 14,130, ,397 13,081 JOR ELECTRIC PWR JOEP 2008 Q1 70,000, ,736,896 97,589, , % 2.6% (12.3%) 431,200,000 >100 4,039,454 26,292,606 JOR HOTEL TOURS JOHT 2007 Q4 10,000,000 29,048,520 20,711,045 2,959, % 15.0% % 91,800, ,550 14,217 JOR INV TRUST JOIT 2008 Q1 29,513,889 65,288,968 50,125, , % 2.1% (2.6%) 76,736, ,242 55,333

8 RESOURCES INVEST JOMA 2007 Q4 11,000,000 11,009,388 10,979,558 (23,462) (0.002) (0.2%) (0.2%) (15.8%) 22,880,000 Negative 273, ,439 JORDAN CONSULTING JOMC 2007 Q4 1,400,000 1,739, ,664 76, % 10.9% (5.5%) 2,408, ,659 21,677 JOR PRESS/ PUBLISH JOPP 2008 Q1 4,000,000 18,621,494 11,900, , % 7.1% % 14,640, ,061 33,188 JOR TRADE FAC JOTF 2007 Q4 15,000,000 31,976,579 17,829,394 1,710, % 9.9% (4.7%) 30,450, ,471 15,166 JOR PROJ TOUR DEV JPTD 2007 Q4 17,000,000 57,035,057 31,678,426 3,493, % 11.7% (4.9%) 130,900, JO REALESTATE JRCD 2007 Q4 30,000,000 44,035,613 38,665,531 7,953, % 22.4% (5.4%) 47,400, , ,317 JORDAN TELECOM JTEL 2008 Q1 250,000, ,082, ,386,766 25,182, % 23.8% (3.7%) 1,567,500, ,479 6,339,188 KAFA`A INVESTMENTS KAFA 2007 N/A 4,000,000 N/A N/A N/A N/A N/A N/A (0.3%) 13,080,000 N/A 440 1,376 AL-DAWLIYAH H&M MALL 2008 Q1 43,200,000 66,941,790 56,987, , % 4.7% (8.0%) 64,800, ,068 41,674 MEDITER. TOURISM MDTR 2007 Q4 45,000,000 51,919,647 49,169,210 3,097, % 6.4% % 103,500, N/A N/A MIDDLE EAST DIV MEDI 2007 Q4 2,000,000 3,402,672 2,183, , % 6.3% % 12,820, ,698 1,145,890 METHAQ MEET 2007 Q4 7,500,000 11,466,232 7,814,196 (333,353) (0.044) (3.9%) (5.1%) % 16,425,000 Negative 2,235,571 5,035,232 TAJ TOURIST PROJ MERM 2008 Q1 40,000,000 49,885,203 45,527,749 (49,914) (0.001) (0.4%) (0.4%) (5.9%) 70,400,000 Negative 209, ,877 MASAFAT TRANSPORT MSFT 2007 Q4 12,000,000 14,764,665 13,182, , % 6.6% (4.9%) 16,320, , ,479 TRANSPORT BARTER NAQL 2008 Q1 11,000,000 21,570,857 14,536, , % 19.8% (8.2%) 30,910, ,029,580 2,992,606 NOPAR FOR TRADING NOTI 2007 Q4 500, , ,373 15, % 3.2% (0.8%) 1,255, ,124 7,862 NATL PORTFOLIO NPSC 2008 Q1 15,000,000 40,695,129 24,056,596 3,845, % 69.5% % 62,100, ,821,565 11,536,216 PETRA EDUCATION PEDC 2008 Q1 16,000,000 25,451,242 18,770,642 1,069, % 22.1% % 48,000, N/A N/A REAL ESTATE & INV PORT PETT 2007 Q4 15,000,000 11,493,580 11,289, , % 2.3% (8.8%) 20,250, ,638 1,366,380 PHILADELPHIA UNI PIEC 2007 Q4 15,000,000 24,304,883 18,954,227 3,014, % 16.2% % 51,000, ,235 37,050 PALACES PRED 2007 Q4 4,000,000 4,439,613 3,918,238 (80,468) (0.020) (1.8%) (2.1%) (3.3%) 18,960,000 Negative 42, ,461 J. PRESS FOUNDAT PRES 2008 Q1 7,500,000 39,559,534 35,214,942 1,807, % 21.1% (1.8%) 147,000, , ,390 PROFESSIONAL PROF 2007 N/A 55,000,000 N/A N/A N/A N/A N/A N/A (4.4%) 59,950,000 N/A 716, ,413 EAST REAL ESTATE REAL 2008 Q1 9,996,082 47,893,535 41,024, , % 1.4% (6.4%) 84,966,697 >100 8,142 70,220 REAL ESTATE DV REDV 2008 Q1 91,500, ,931, ,465,744 (719,204) (0.008) (2.1%) (3.0%) (5.4%) 145,485,000 Negative 696,544 1,125,514 REAL ESTATE INV REIN 2008 Q1 7,500,000 8,845,760 7,587,168 (90,507) (0.012) (4.2%) (4.7%) % 9,900,000 Negative 732, ,895 AL RAKAEZ RICS 2007 Q4 10,000, ,941,420 (58,580) (0.006) (0.6%) (0.6%) % 9,300,000 Negative 393, ,169 ROYAL JORDANIAN RJAL 2008 Q1 84,373, ,135, ,173,000 (2,975,000) (0.035) (3.5%) (11.1%) (4.6%) 281,806,989 Negative 1,760,286 5,962,878 RUM TOURIST TRAN RUMM 2007 N/A 7,000,000 N/A N/A N/A N/A N/A N/A (6.4%) 14,350,000 N/A 96, ,801 AL-SALEM FOR INV SALM 2007 Q4 500, , , , % 30.2% % 2,560, ,344 SABAEK INVESTMENTS SABK 2008 N/A 8,000,000 N/A N/A N/A N/A N/A N/A (6.8%) 10,960,000 N/A 2,109,384 3,169,654 AL-SANABEL INT L SANA 2007 Q4 20,000,000 20,904,739 20,335, , % 2.3% (3.5%) 22,200, , ,914 SOUTH ELECTRONICS SECO 2007 Q4 50,000, ,779,213 50,458, , % 2.8% % 61,500, ,268,504 24,404,464 SHARECO BROKERAGE SHBC 2007 N/A 12,000,000 N/A N/A N/A N/A N/A N/A (5.6%) 20,400,000 N/A 145, ,864 SHIPPING LINE SHIP 2008 Q1 12,075,000 24,552,974 15,457, , % 13.2% (1.2%) 28,617, ,072 95,647 SPEC.INV JOR SIJC 2008 Q1 4,500,000 15,001,691 11,365, , % 13.9% (5.3%) 15,930, , ,731

9 SALAM INT TRN TD SITT 2008 Q1 13,200,000 54,066,924 20,567, , % 4.1% (5.3%) 30,756, , ,473 SPCZ.INVST.COMD SPIC 2008 Q1 23,000,000 72,854,711 35,620,561 1,497, % 18.2% (7.3%) 234,600, ,620,960 16,892,226 SPCZ.TRDG&INVST SPTI 2007 Q4 3,075,000 5,113,140 3,628, , % 9.2% (10.5%) 5,504, , ,405 TAAMEER JOR HLDGS TAMR 2007 Q4 211,982, ,524, ,619,320 (3,200,557) (0.015) (1.2%) (1.6%) (2.7%) 466,360,561 Negative 2,180,018 4,863,452 AL-TAHDITH THDI 2007 Q4 2,000,000 2,243,681 1,994,419 (10,023) (0.005) (0.4%) (0.5%) % 2,980,000 Negative 175, ,639 TUHAMA INVESTMENTS THMA 2007 Q4 9,000,000 9,003,729 8,850, , % 5.5% (0.5%) 17,010, , ,312 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%) (0.3%) 426,275,000 Negative 8,274,293 24,423,678 UN FOR FINCL INV UCFI 2008 Q1 5,000,000 12,426,324 9,767,600 1,042, % 80.1% (4.7%) 33,650, ,328 3,427,291 UNION INV UINV 2008 Q1 50,000,000 88,656,827 67,234, , % 1.3% (8.1%) 73,500, ,143,720 4,780,539 UNION LAND DEV ULDC 2008 Q1 45,000,000 74,818,576 56,572, , % 4.1% (7.9%) 84,150, ,622,802 5,044,529 ARAB INV. UNION UNAI 2007 Q4 3,000,000 2,850,801 2,840,721 (79,721) (0.027) (2.8%) (2.8%) (2.4%) 4,890,000 Negative 26,042 42,640 UNIFIED CO UNIF 2008 Q1 6,511,057 16,938,572 7,667,911 (170,883) (0.026) (3.9%) (8.8%) (3.1%) 8,138,821 Negative 120, ,722 AL SHAMEKHA REAL VFED 2008 Q1 1,200,000 2,615,993 2,273,613 (80,181) (0.067) (13.0%) (15.5%) % 3,360,000 Negative 2,521 7,208 WINTER VALLEY TOUR WIVA 2007 H1 5,000,000 1,632,148 1,469,670 (26,975) (0.005) (3.4%) (3.6%) % 8,250,000 Negative 23,404 37,199 ZAHRAT ALURDON ZAHI 2008 Q1 500, , ,772 (16,086) (0.032) (12.6%) (12.8%) (1.8%) 1,375,000 Negative 1,564 4,313 ZARA INVESTMENTS ZARA 2007 Q4 125,000, ,360, ,666,590 6,079, % 5.3% % 256,250, ,345 32,821 ZARQA EDUC ZEIC 2008 Q1 8,475,000 18,643,471 12,160, , % 21.5% % 25,425, ,126 6,378 Services Sector Total 2,638,006,645 6,352,585,979 3,289,069, % 11.6% 7,472,732, ,512, ,652,007 ARAB ALUM IND AALU 2008 Q1 6,750,000 19,938,330 12,514, , % 3.3% (4.3%) 12,150, ,949 29,084 PREMIER ACDT 2008 Q1 1,330,008 8,949,171 5,253, , % 13.6% % 8,591, ,355 8,915 ARAB ELECT IND AEIN 2008 Q1 6,000,000 10,440,739 7,226,261 51, % 2.8% (16.8%) 8,040, ,089 1,281,429 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% (9.6%) 63,315,000 > AL-JANUOB FLT MF AJFM 2007 Q4 1,514,627 3,266,906 1,831, , % 13.1% (0.9%) 4,846, AMANA AGRICULT. AMAN 2007 Q4 7,000,000 6,022,928 4,032,240 43, % 1.1% (1.9%) 3,710, , ,113 ARAB INVEST PROJ APCT 2007 Q4 20,000,000 5,851,672 4,491, , % 2.6% (3.5%) 22,000,000 > , ,789 ARAB PHARMA CHEM APHC 2008 Q1 5,000,000 8,082,358 7,438,516 (8,452) (0.002) (0.4%) (0.4%) (4.0%) 8,350,000 Negative 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% (10.5%) 6,411,320, ,814 2,600,110 AL-QUDS READY MIX AQRM 2007 Q4 14,000,000 18,804,891 15,357,514 (562,319) (0.040) (3.0%) (3.6%) % 21,700,000 Negative 3,738,153 5,667,359 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% (21.8%) 22,590, , ,676 COMPLAND DEV&INV ATTA 2007 Q4 12,000,000 17,264,413 15,091,823 1,200, % 11.2% (9.9%) 15,240, , ,767 BATON FOR BLOCKS BLOK 2007 Q4 12,000,000 14,373,566 12,210, , % 1.7% % 15,000, , ,238

10 DAR ALDAWA DV/IV DADI 2008 Q1 20,000,000 68,220,369 55,229,857 1,538, % 11.5% (0.6%) 94,000, , ,680 EKBAL PRINT CO. EKPC 2008 Q1 5,000,000 8,320,322 6,044,492 (56,451) (0.011) (2.7%) (3.7%) (2.5%) 5,900,000 Negative 42,428 50,442 EL-ZAY READY WR ELZA 2008 Q1 11,500,000 19,331,950 10,031,892 (263,290) (0.023) (5.4%) (10.3%) (1.4%) 7,935,000 Negative 210, ,494 FIRST NAT VEG OIL FNVO 2008 Q1 4,500,000 6,926,290 3,019, , % 14.1% % 6,435, ,749,870 2,569,644 GENERAL INVESTMENT GENI 2007 Q4 10,000,000 29,944,692 27,133,709 2,007, % 7.9% % 44,100, ,500 6,510 GENERAL MINING GENM 2007 Q4 1,500,000 2,883,362 2,449, , % 12.9% % 9,000, N/A N/A LIGHT CONCRETE GLCI 2007 Q4 8,500,000 10,057,037 8,806,757 (67,466) (0.008) (0.5%) (0.8%) % 12,240,000 Negative 112, ,482 HAYAT PHAR. IND. HPIC 2007 Q4 9,500,000 13,001,882 11,134, , % 6.4% (3.0%) 12,445, ,210 1,553 INDSTRAL/COMM/AGR ICAG 2007 Q4 14,396,942 10,751,992 7,172,560 1,049, % 15.8% % 7,918, N/A N/A INDL CERAMIC ICER 2007 Q3 6,000,000 8,230,658 6,534,996 11, % 0.3% (3.7%) 6,180,000 >100 61,019 61,695 AD-DULAYL INDUS. PARK IDMC 2008 Q1 21,000,000 62,822,773 57,385, , % 1.2% (8.8%) 52,290, ,486,191 30,046,530 RUM ALADDIN IND. IENG 2008 Q1 7,175,097 25,594,644 8,963, , % 17.8% % 27,839, N/A N/A IND./MATCH JEMCO INMJ 2007 Q4 1,800,000 1,208,746 1,113,638 (16,186) (0.009) (1.3%) (1.4%) (0.4%) 4,662,000 Negative 5,714 15,905 COMPREHENSIVE INOH 2007 Q4 4,250,000 12,868,386 6,005, , % 12.6% (19.5%) 9,137, , ,966 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% (2.1%) 56,000, ,492 60,830 JOR NEW CABLE CO JNCC 2008 Q1 27,000, ,697,645 33,194,325 2,105, % 25.7% (2.9%) 89,100, , ,800 JOR CERAMIC FAC JOCF 2008 Q1 7,500,000 12,156,288 9,985, , % 12.6% (1.7%) 4,350, ,149 75,626 JOR CEMENT FACT JOCM 2008 Q1 60,444, ,018, ,254,755 10,939, % 24.5% (4.7%) 673,955, ,218 3,764,587 JORDAN DAIRY JODA 2008 Q1 4,000,000 9,196,745 7,130,022 1, % 0.1% % 8,000,000 >100 1,467 2,948 JOR INDSTR CHEM JOIC 2008 Q1 1,799,624 5,343,944 3,046, , % 13.0% % 5,956, ,400 7,715 JORDAN IND.RES. JOIR 2008 Q1 13,250,000 21,300,636 15,731,781 29, % 0.7% % 11,925,000 >100 4,067,980 3,671,769 JOR PAPER & CARD FACT JOPC 2008 Q1 7,500,000 20,225,234 10,553,443 23, % 0.9% (6.8%) 16,500,000 >100 2,370 5,220 JOR PHOSPHATE MN JOPH 2008 Q1 75,000, ,074, ,264,741 8,710, % 17.6% (16.5%) 4,189,500,000 >100 1,490,324 89,748,600 JOR PIPES MANFACT JOPI 2008 Q1 3,575,000 9,911,620 7,481, , % 10.8% (3.4%) 9,187, ,630 38,196 JOR PETROLM REF JOPT 2008 Q1 32,000, ,617,362 64,792,001 1,244, % 7.8% (22.0%) 573,120,000 >100 5,367, ,504,800 JOR SELPHO CHEM JOSL 2007 Q4 4,000,000 9,015,350 4,484,698 (77,942) (0.019) (1.0%) (2.1%) % 30,680,000 Negative 425,697 3,052,430 JOR STEEL JOST 2008 Q1 23,075,000 97,494,959 52,856,953 5,714, % 43.2% % 169,370, ,926,659 50,910,552 JORDAN TANNING JOTN 2007 Q4 1,500,000 2,429,888 1,957,282 (442,601) (0.295) (16.7%) (20.4%) % 3,300,000 Negative 2,719 6,122 JOR ROCK WOOLID JOWL 2007 Q4 3,000,000 2,554,693 1,966,212 (733,605) (0.245) (27.1%) (33.0%) (11.1%) 3,120,000 Negative 208, ,079 JOR WORSTED MILL JOWM 2008 Q1 12,500, ,190,491 96,365,195 1,945, % 7.9% (3.6%) 82,500, , ,761 JORDAN PHARMA JPHM 2007 Q4 20,000,000 54,531,097 34,266,490 1,648, % 4.9% (14.4%) 34,400, ,573 61,375 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% (0.7%) 9,090, , ,549 ENJAZ LIPO 2007 Q4 3,335,942 3,426,083 3,286,540 (68,113) (0.020) (3.2%) (3.6%) (8.8%) 8,339,855 Negative 37,404 97,725 ARAB PESTICIDES MBED 2007 Q4 9,000,000 17,288,036 11,830,924 1,212, % 10.5% % 15,210, ,872,755 4,825,440

11 MID EASTCOMPLEX MECE 2008 Q1 100,000, ,107, ,049,385 2,185, % 5.4% (5.7%) 314,000, ,434,896 14,377,734 MID PHARMA IND MPHA 2008 Q1 9,869,583 22,519,111 12,458,232 (404,630) (0.041) (7.1%) (12.8%) (8.8%) 30,595,707 Negative 605 1,922 NATIONAL STEEL NAST 2008 Q1 4,000,000 9,734,140 5,664, , % 30.7% (8.6%) 9,840, ,436 1,328,059 NAT L ALUM IND NATA 2008 Q1 9,000,000 19,867,487 12,978, , % 13.3% (3.1%) 13,950, , ,174 NAT CHLORINE NATC 2008 Q1 9,000,000 12,221,481 11,105, , % 8.8% (3.1%) 11,340, ,613 39,413 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% % 17,000, PEARL SAN P CONV PERL 2008 Q1 2,500,000 3,996,665 3,346,883 41, % 5.0% % 6,750, ,843 7,465 READY MIX CONCRT RMCC 2008 Q1 25,000,000 42,494,136 31,681, , % 9.6% % 66,750, , ,977 SILICA INDUSTR. SLCA 2007 Q4 2,366,815 2,489,416 2,388, , % 5.4% % 11,124, TRAVCO TRAV 2008 Q1 4,600,000 5,792,992 5,236, , % 9.6% (1.7%) 5,428, ,676 17,747 UNION ADV INDST UADI 2008 Q1 3,000,000 12,274,485 6,741, , % 19.0% % 10,500, ,390 8,288 UNITED CABLE IND UCIC 2007 N/A 40,000,000 N/A N/A N/A N/A N/A N/A (0.8%) 52,400,000 N/A 225, ,053 AL-QARIA UCVO 2008 Q1 4,500,000 14,021,148 4,700, , % 20.6% (4.6%) 13,905, , ,881 UNIV MOD INDCO UMIC 2008 Q1 6,000,000 11,544,863 8,891, , % 18.1% (3.1%) 9,240, , ,818 UNIV CHEM IND UNIC 2008 Q1 1,500,000 3,152,887 2,891,691 (26,659) (0.018) (3.3%) (3.7%) (0.9%) 3,270,000 Negative 3,542 7,704 UNION TOBACCO UTOB 2008 Q1 15,000,000 63,676,212 34,796, , % 2.6% (3.8%) 48,750, ,690 44,937 NAT/CABL/WIRE/MF WIRE 2008 Q1 12,500,000 18,839,081 18,839, , % 7.6% (4.3%) 22,375, , ,657 JOR WOOD INDUSTR WOOD 2007 Q4 4,500,000 10,922,453 6,982,192 1,888, % 29.1% % 25,650, WOOLEN INDUSTRIES WOOL 2007 Q4 1,200,000 1,301, ,498 (401,423) (0.335) (27.3%) (40.1%) % 1,500,000 Negative 1,150 1,392 Industrial Sector Total 994,557,208 3,892,058,974 2,007,436, % 9.6% 13,779,491, ,753, ,778,896 Market Total 5,723,176,379 51,272,564,044 11,751,355, ,559, % 13.7% 38,533,102, ,004, ,445,617 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 two consecutive fiscal years, 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

12 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.