Stock Market Highlights

Transcription

1 MARKET WATCH Market Performance The Amman Stock Exchange continued its escalation to the top this week with the General Index reaching an unprecedented level in its history of trading, almost touching the 10,000 point barrier, and ending the week at 9, points, up 5.91% compared to last week s closing, and giving a 31.01% year-todate gain. The concentrated trading and strong demand on strategic stocks were the main drivers behind the soaring Index, particularly in terms of the Jordan Phosphate Mines and Arab Potash Company, whose prices rose by 25.6% and 16.9% respectively compared to last week. Our top decliner for the week was General Investments which was suspended from trading in November 2006 and was relisted on Wednesday of last week at a floating price. However, trading on its stock did not commence till this week, and its ended the week at a price of JD 3.30, down 46% compared to its last closing price of JD 6.06 back in The surge in stock prices pulled up the market capitalization to JD billion, and the market to times. Moreover, the flourishing market was mirrored in the performance of the majority of stocks, with prices of 124 stocks rising versus 62 declining out a total of 198 companies traded. Sector Performance Trading activity was also buoyant, with the average daily volume traded reaching million shares compared to million shares last week. The average daily value traded registered at JD million, 30.52% higher than last week, with the Jordan Phosphate Mines re-entering our list in top position as the most active stock in value of shares traded. The Services Sector captured 47.72% of the total trading value, in addition to claiming the lion s share of volume traded, which reached million shares. The Industrial Sector and the Banking Sector followed with total volume traded of million shares and million shares respectively. In terms of sector indices, the Industrial Sector was the forerunner, with a 15.52% increase, attributed to the 14.7% rise in the Mining and Extraction Industries Sector Index. The Services and Banking Sectors also registered positive changes, climbing by 2.14% and 0.64% respectively, while the Insurance Sector Index dropped by 0.13% compared to last week s closing. Block Trades Block trades were particularly numerous this week, with a Stock Market Highlights This Week Week YTD General Index 9, , % 31.01% This Week Week Value Traded (JD millions) % Volume Traded (millions) % Index The Week s Top Gainers and Losers General Market Index Performance Index Weekly Index 01/06/ /06/ /06/ /06/ /06/ /06/ /08/ /10/ /12/ /02/ /04/ /06/2008 Company Current Close Close % Al Amal Financial Investments (AMAL) % Enjaz for Development & Multi Pro.(LIPO) % National Steel Industry (NAST) % Methaq Real Estate Investments (MEET) % Darwish Al-Khalili & Sons (DKHS) % Jordan Project for Tourism Dev (JPTD) (9.88%) Al Nisr Al Arabi Insurance (AAIN) (10.32%) Tuhama for Financial Investments (THMA) (10.63%) National Cable and Wire Manufacturing (WIRE) (18.70%) General Investments (GENI) (45.54%) The Week s Most Active Stocks in Number of Shares Traded* Company Volume of Shares Ad-Dulayl Ind. Park Co. & Real Estate (IDMC) 14,988,466 Al-Tajamouat for Catering & Housing (JNTH) 14,865,327 Al Faris Nat l Com. for Invest. & Exp (CEBC) 11,746,670 Al Amal Financial Investments ( AMAL) 7,507,388 Union Investment Corporation (UINV) 6,174,323 The Week s Most Active Stocks in Value of Shares Traded* Company Value of Shares (JD) Jordan Phosphate Mines (JOPH) 92,749,520 Al-Tajamouat for Catering & Housing (JNTH) 55,281,608 Jordan Petroleum Refinery (JOPT) 49,776,776 Jordan Steel (JOST) 49,036,828 Specialized Investment Compounds (SPIC) 39,870,176 * excluding block deals Weekly Index 1

2 total of 39 executed over the stocks of 16 companies, with a total of million shares traded at a value of JD million. The largest block deal was for the Arab Orient Insurance (AALI), with 2.13 million shares traded for JD 7.16 million. In terms of number of block deals, Darwish Al Khalili and Sons Co. (DKHS) claimed the lion s share with 13 deals, with a total of 2.71 million shares traded for JD 5.24 million. Portfolio Management and Investment Services for Clients (AMWL) and United Financial Investments (UCFI) each had 4 deals executed for a total value of JD 6.19 million and JD 900 thousand respectively, while the Investors and Eastern Arab for Real Estate and Investment had one block deal, with 1.4 million shares traded at a price of JD 3.55 per share. CORPORATE NEWS Taameer Jordan Holding (TAMR) and Teraz Contracting Company, the execution arm of Taameer Jordan Holding Company, signed an agreement for the latter to implement and execute the construction and infrastructure operations for the 48 buildings and 768 apartments of the first phase of Ahl Al Azim Residential City Project within 450 days. Taameer Jordan Holding (TAMR) signed an agreement with the Aqaba Development Corporation to establish a JD 1.5 billion project in Aqaba under the name «Mansion Hills». The project will be established on an area of three thousand dunums and will include residential villas and apartments, playgrounds and water parks. New Sector Classification Indices The Investors and Eastern Arab for Industrial and Real Estate Investment (IEAI) and Taameer Jordan Holdings (TAMR) signed a USD 1 billion agreement to develop the Al Mushatta Industrial City. TAMR will be responsible for developing a fully integrated industrial city, including infrastructure, in addition to being responsible for the financial, Textiles, Leather & Clothing Glass & Ceramic Industries Industries General Index 2, , , , , , , ,363.8 (1.0%) 6.1% 10.9% 4.2% marketing, selling and operating activities of the project, while the IEAI will manage the project and provide services postdevelopment. Index This Week Week % Banks 5, , % Insurance 3, , % Financial Services 9, , % Real Estate 8, , % Financial 5, , % Health Care Services 1, , % Educational Services 3, , % Hotels & Tourism 2, , % Transportation 1, , % Tech. & Communications 2, ,634.9 (1.4%) Media 3, , % Utilities & Energy 8, ,895.8 (3.7%) Commercial Services 2, , % Services 3, , % Pharm. & Medical Industries 2, ,458.7 (0.2%) Chemical Industries 1, , % Paper & Carton Industries 1, , % Printing & Packaging 2, , % Food & Beverage 2, , % Tobacco 2, ,081.2 (3.3%) Mining & Extract. Industries 9, , % Engineering & Construction 3, , % Electric Industries 10, , % Al Faris National Company for Finance and Investment/Optimiza (CEBC) announced a new strategic partnership with the Central Bank of Jordan, for the implementation of the second phase of the Central Bank of Jordan s Offsite Supervision System (CBJ-OSS), which is aimed to upgrade and automate the supervision and communication procedures between the Central Bank and licensed banks in the Kingdom. The Middle East Complex for Electronics, Engineering and Heavy Industries (MECE) announced the establishment of the National Industrial Complex in the Al-Muqar area with a paid-up capital of USD 200 million, representing a Jordanian -Emirati partnership. MECE will have a 70% ownership in the newly established company while the Emirati Company will own 30%. The Board of Commissioners and the Jordan Security Commission announced: The registration of the 1.8 million shares of additional capital of Emmar Investment and Real Estate Development (EMAR) through the capitalization of JD 1.8 million from retained earnings, to be distributed as stock dividends to shareholders. The registration of the 2.5 million shares of additional capital of the Jordan Worsted Mills Company (WMBD) through the capitalization of JD 2.5 million from the issuance premium, to be distributed as stock dividends to shareholders. The registration of the 2 million share capital increase of the Islamic Insurance (TIIC) resulting from the 2

3 capitalization of JD 1 million from the issuance premium, JD 540 thousand from the voluntary reserve, and JD 460 million from the retained earnings, to be distributed as stock dividends to shareholders. The registration of the Central Bank of Jordan s JD 103 million treasury bonds, with a maturity date of May 10th The registration of the Central Bank of Jordan s JD 100 million treasury bills, with a maturity date of May 15th The registration of the 50 million shares paid-up capital of the Jordan United Group and the implementation of the issuance prospectus relating to the 12.5 million shares offering to the public for subscription. The registration of 1 million additional shares of Jordan Wood Industry (JWICO) to be allocated to its strategic partner, Depa Limited (DEPA), at an issuance price of JD 5.40 per share. The registration of the 20 million shares of Ibn al Haitham Hospital following the transformation of the Company s legal description from a limited liability company to a public shareholding company. The registration of the 3,000 bonds issued by the Union Investment and Saving Bank (UBSI), with a par value of JD 10,000 and a total value of JD 30 million. MACROECONOMIC NEWS The volume of investments in companies registered at the Companies Control Department registered a 9% decrease during the first five months of 2008 compared to the same period in 2007, dropping from JD 380 million to JD 345 million. Meanwhile, the number of registered companies increased during the same period by 6%, amounting to 4,132 companies against 4,035 companies last year. According to the Department of Statistics, the Producer Index rose by 27.1% during the first four months of 2008 compared to the same period in This increase was primarily due to a 28.3% increase in the manufacturing industry prices, which have a weighting in the Index of 82.5%, a 23.7% increase in the quarrying industry prices, and a 14.4% increase in the electricity prices. According to statistics issued by the Ministry of Finance, total domestic revenues and foreign grants during the first two months of 2008 reached JD million compared to JD million over the same period in Moreover, total expenditures for the first two months of 2008 reached JD million compared to JD million in The total value of customer deposits at licensed banks rose by 13.4% during the first five months of 2008 to reach JD billion compared to JD billion during the same period in The balance of credit facilities granted by licensed banks reached JD billion during the first four months of 2008, an increase of 7.7% compared to the same period of last year. Growth in the facilities granted to the general trade sector was the primary driver of the increase, claiming 25.6% of the total increase registered in the facilities. Total remittances of Jordanians living aboard reached JD 589 million during the first quarter of 2008, an increase if 8.5% compared to the same period in The number of sales transaction in the real estate sector declined by 9% during the first five months of 2008, according to the Department of Land and Surveys, dropping from 69 thousand for the same period of 2007 to 63 thousand transactions. Meanwhile, the value of trading activity increased by 3% over the same period to reach JD 2.47 billion. In terms of foreign investment in the sector, Iraqi nationals claimed top position, with investments amounting to JD million, followed by UAE and Kuwaiti nationals with JD 4.5 billion and JD 3.65 million, respectively. Total exports of the Irbid Municipality declined by 9% in the first five months of 2008 compared to the same period in 2007 to reach USD million. The Greater Amman Municipality announced that it will issue a tender offer in the near future for the operating of in excess 3

4 of 100 public transportation vehicles with advanced operating systems, in order to ensure the provision of effective transport services for its citizens. The Income and Sales Tax Department announced that it has completed the first phase of the distribution of fuel support cheques to beneficiaries, of which a total of 420 thousand were distributed with a combined approximate value of JD 18 million. The Ministry of Planning and International Cooperation signed Country Programme Action Plan (CPAP) agreements with three agencies of the United Nations, UNICEF, UNDP, and UNFPA, for the implementation of the agencies development assistance plans in Jordan for the period His Majesty King Abdullah ordered the execution of a variety of development, health and educational projects in Karak this year, and has allocated an amount of JD 6 million for the execution of part of the projects this year. The Government singed an agreement with the Spanish-Kuwaiti Coalition for the Zarqa-Amman Light Rail Project for a value of JD 236 million. The Coalition will run the railway under a Build, Operate and Transfer (BOT) basis for 30 years, and is expected to commence operations in Moreover, the Jordanian Government will contribute an amount of JD 60 million towards infrastructure for the first phase of the project. The Telecommunication Regulatory Commission signed an agreement with Viacloud Jordan granting them an individual license, under which Viacloud will be entitled to offer all general telecommunications services and/or operate telecommunications networks, excluding mobile phone services. Steel prices continue to rise to reach JD 1,045/tonne on Monday, compared to a price of JD 1,020/tonne last week, attributed to the increase in the global prices of steel. 4

5 ARAB BANKING CO. ABCO 2008 Q1 64,471, ,384,790 80,671,022 3,776, % 19.1% (4.2%) 132,167, , ,245 ARAB JOR/INV/BANK AJIB 2008 Q1 100,000, ,181, ,067,186 2,750, % 16.6% % 186,000, , ,756 ARAB BANK ARBK 2008 Q1 534,000,000 21,666,537,000 3,584,588, ,617, % 13.5% (0.3%) 10,535,820, ,051,115 20,566,444 BANK OF JORDAN BOJX 2008 Q1 100,000,000 1,569,932, ,921,261 6,790, % 17.2% % 261,000, ,099 1,795,348 CAIRO AMMAN BANK CABK 2008 Q1 75,000,000 1,444,747, ,997,283 4,607, % 12.3% (2.1%) 243,750, , ,224 CAPITAL BANK EXFB 2008 Q1 132,280, ,773, ,341,234 3,904, % 8.8% % 334,668, ,311,031 5,798,517 INDSTRL DEV BANK INDV 2008 Q1 24,000, ,448,302 61,396,379 1,732, % 11.4% (4.4%) 84,000, ,980 2,676,723 JOR INV FIN BANK JIFB 2008 Q1 55,000, ,585,500 82,918,090 3,343, % 16.5% % 148,500, ,417,928 3,745,609 JCBANK JOGB 2008 Q1 69,575, ,339,056 81,351,349 2,416, % 11.9% (6.0%) 173,937, , ,605 JOR ISLAMIC BANK JOIB 2008 Q1 65,000,000 1,734,798, ,304,799 7,828, % 22.8% % 453,700, ,390,398 9,334,665 JOR KUWAIT BANK JOKB 2008 Q1 100,000,000 2,002,389, ,084,745 13,328, % 23.7% % 735,000, ,069 2,299,629 JORDAN AHLI BANK JONB 2008 Q1 110,000,000 2,035,250, ,062,823 9,010, % 17.9% % 271,700, ,241,152 2,979,534 SOCGEN BK - JORDANIE MEIB 2007 Q4 40,455, ,921,355 27,312,443 2,206, % 8.4% % 111,253, N/A N/A HOUSING BK TRD FIN THBK 2008 Q1 250,000,000 5,096,782, ,159,385 30,806, % 14.8% (0.1%) 2,025,000, , ,343 UNION BK SAV/INV UBSI 2008 Q1 95,000,000 1,075,998, ,625,702 5,439, % 10.0% % 342,000, ,279 3,225,659 Banking Sector 1,814,782,705 40,449,070,682 6,138,801, ,559, % 14.3% 16,038,496, ,699,431 54,426,301 ALNISR ALARABI AAIN 2008 Q1 10,000,000 30,214,132 18,232, , % 16.6% (10.3%) 56,500, ,293 ARAB ORIENT INS AALI 2007 Q4 10,000,000 27,755,715 12,523,505 1,462, % 11.9% % 23,700, , ,410 ARAB GERMAN INS AGICC 2008 Q1 10,400,680 43,765,882 9,029,042 (34,570) (0.003) (0.3%) (1.4%) % 43,682,856 Negative 5,389,072 22,291,688 ARAB INT UNI INS AIUI 2008 Q1 4,000,000 10,554,341 4,961,996 (73,182) (0.018) (2.8%) (5.9%) % 6,360,000 Negative 53,390 79,354 EURA ARAB INS. AMMI 2008 Q1 6,000,000 18,624,089 7,999, , % 23.4% (6.0%) 8,460, BARAKAH TAKAFUL ARAI 2007 Q4 5,944,797 9,899,246 5,457, , % 11.9% % 8,679, ,281,172 1,907,694 ARAB ASSURERS ARAS 2008 Q1 8,000, ,142 9,529,018 40, % 1.7% (1.3%) 12,000, ,337 63,033 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% (2.0%) 20,160, , ,182 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 230, ,196 FIRST INSURANCE FINS N/A N/A 24,000,000 N/A N/A N/A N/A N/A N/A (0.9%) 26,400,000 N/A 274, ,663 GENERAL ARAB INS GARI 2007 Q4 7,722,504 19,335,252 12,244, , % 9.9% (2.3%) 9,653, ,834 50,465 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%) % 6,920,000 Negative JERUSALEM INS JERY 2007 Q4 5,460,000 18,527,357 9,227,311 1,537, % 18.2% % 15,724, N/A N/A JOR INT INSUR CO JIJC 2008 Q1 16,500,000 36,545,102 22,114, , % 7.2% % 27,060, ,650 55,690 JOR FRENCH INS JOFR 2007 Q4 9,100,000 20,707,079 3,445,875 (2,607,609) (0.287) (11.8%) (52.8%) (2.9%) 9,282,000 Negative 5,063 5,204

6 JORDAN INSURANCE JOIN 2008 Q1 30,000,000 86,094,973 55,823,935 3,871, % 33.8% % 95,400, ,781 21,172 MED GULF-JORDAN MDGF 2007 Q4 10,000,000 14,069,879 10,095,730 95, % 0.9% % 24,100,000 > , ,225 MIDDLE EAST INS MEIN 2008 Q1 18,000,000 68,552,273 40,623,800 (199,727) (0.011) (1.2%) (2.0%) (2.9%) 47,700,000 Negative 2,424 6,310 NATIONAL INSURANCE NAAI 2008 Q1 3,500,000 9,353,587 4,706,206 99, % 8.5% % 5,110, N/A N/A OASIS INSURANCE OASI 2007 Q4 5,000,000 4,327,014 (729,660) (456,406) (0.091) (7.0%) (33.3%) % 3,050,000 Negative 13,714 8,332 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% % 28,000, ,944 1,913,857 UNITED INSURANCE UNIN 2007 Q4 7,000,000 18,636,007 12,312, , % 3.1% % 12,670, ,010 1,764 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, ,305, ,589, % 10.5% 576,045, ,584,590 27,870,565 AL-AMIN FOR INV AAFI 2008 Q1 8,940,090 21,758,696 19,242,259 4,919, % 114.2% % 33,972, ,475,342 5,219,111 NAT L COM CENTER ABLA 2008 Q1 6,000,000 7,217,536 5,537,995 (78,815) (0.013) (4.3%) (5.7%) (1.8%) 6,600,000 Negative 32,319 36,243 AL-BELAD MED SRV ABMS 2008 Q1 15,000,000 22,770,908 18,951, , % 3.6% % 18,900, , ,566 COMPRHNSVE MUTLP TRAN ABUS 2008 N/A 20,000,000 N/A N/A N/A N/A N/A N/A % 49,200,000 N/A 297, ,612 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%) % 159,165,000 Negative 10,673 41,535 ISRA EDUE AIFE 2007 Q4 15,000,000 34,919,594 18,309,648 1,929, % 11.7% % 47,850, ,000 44,660 ARAB INTL HOTEL AIHO 2008 Q1 25,000,000 72,925,506 62,999, , % 4.7% % 66,000, ,378 3,581 AL SHARQ INV AIPC 2007 Q4 16,000,000 20,466,000 19,198,188 1,493, % 7.8% % 23,200, ,121 92,440 JOR INV.&TRSM ALFA 2007 Q4 7,500,000 8,206,763 6,925,123 (461,882) (0.062) (5.5%) (6.5%) (3.6%) 10,125,000 Negative 12,928 17,509 AMAD REAL ESTATE INV. AMAD 2008 Q1 6,600,000 10,576,343 9,986, , % 18.8% % 16,236, ,406,789 3,191,904 AL-AMAL INV. AMAL 2007 Q4 7,500,000 10,719,907 8,937,032 1,226, % 14.7% % 33,450, ,507,388 30,372,490 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% % 93,500, ,037,851 2,336,289 ARD ANNOMOW ARDN 2007 N/A 500,000 N/A N/A N/A N/A N/A N/A % 2,070,000 N/A 17,698 66,918 ARAB REAL EST ARED 2008 Q1 30,000,000 87,420,860 40,331,076 2,486, % 27.4% % 66,900, , ,407 AWTAD INVESTMENTS A 2007 Q4 1,000,000 1,237, ,522 2, % 0.2% % 3,850,000 > B. AL-MAL/BEITNA BAMB 2007 Q3 28,600,000 71,121,609 58,607,506 9,855, % 23.6% % 56,914, , ,216 OFFTEC INVESTMENTS BDIN 2007 Q4 42,000,000 46,302,863 42,582, , % 2.2% % 42,000, , ,647 BINDAR BIND 2007 Q4 13,000,000 28,854,138 14,802,904 1,379, % 12.3% (3.2%) 39,000, ,310 BILAD INVESTMENTS BLAD 2007 Q4 10,000,000 12,082,256 10,534, , % 5.9% % 15,300, ,745 32,968 AL-FARIS NATIONAL CEBC 2007 Q4 25,000,000 33,816,486 25,547, , % 1.9% % 47,000,000 >100 11,746,670 22,189,042 CENTURY INV.GRP CEIG 2007 Q4 5,191,560 9,220,062 6,222, , % 9.2% (6.2%) 7,060, , ,373 CONSULTANT AND INV GR CICO 2007 N/A 22,000,000 N/A N/A N/A N/A N/A N/A % 27,500,000 N/A 42,503 52,050 CONTEMPRO COHO 2008 Q1 6,000,000 9,081,061 8,647, , % 6.8% % 12,660, ,179,767 10,774,315

7 DARAT JORDAN HOLDING DARA 2208 N/A 15,000,000 N/A N/A N/A N/A N/A N/A % 18,150,000 N/A 771, ,653 D-KHALILI & SONS DKHS 2007 Q4 12,200,000 43,555,212 6,711,362 79, % 1.2% % 25,254,000 >100 1,428,320 2,589,250 DAMAC REAL ESTATE DMAC 2007 Q4 5,000, ,190, , % 3.7% (4.5%) 18,150, , ,300 EMMAR INV. DEV. EMAR 2008 Q1 11,970,000 33,409,223 16,279,367 1,088, % 27.7% % 32,319, , ,808 FIRST FINANCE FIFI 2008 Q1 50,000,000 56,707,560 52,442,415 3,063, % 23.4% (0.9%) 56,500, , ,528 FALCON INV &FIN FIFS 2008 Q1 4,085,844 5,769,118 4,018,913 60, % 9.2% % 5,393, , ,009 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 1,195,038 1,675,689 FIRST JORDAN FRST 2007 Q4 150,000, ,502,659 10,217, % 6.5% % 157,500, , ,243 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% % 20,615, , ,397 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% % 23,760, , ,751 INT l BROKERAGE IBFM 2008 Q1 21,295,117 44,238,553 24,469, , % 13.3% % 29,813, ,208,628 2,948,317 INT CO MED INV ICMI 2008 Q1 4,500,000 5,665,572 4,164,355 (338,138) (0.075) (24.9%) (31.2%) % 21,735,000 Negative 834,085 3,627,385 INVEST ESTATE INDUST IEAI 2007 Q4 30,000,000 53,091,578 31,453,279 1,041, % 3.4% % 108,600,000 >100 86, ,957 IHDATHIAT CO. IHCO 2008 Q1 3,000,000 3,772,401 3,195,598 96, % 11.8% (8.3%) 6,000, ,164 1,886,354 ARABIAN DEV CO INMA 2007 Q4 7,000,000 17,318,497 15,659,753 1,079, % 7.1% (1.9%) 14,140, ,805 1,462,372 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% (0.6%) 20,040, ,706 1,109,037 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% % 19,005, ,866 1,204,215 JOR DUTY FRE SHP JDFS 2007 Q4 5,000,000 18,383,395 15,414,000 4,152, % 28.0% % 46,250, N/A N/A DIMENSIONS JEDI 2007 Q4 10,000,000 9,885,863 9,799,169 (200,831) (0.020) (2.0%) (2.0%) % 11,200,000 Negative 610, ,225 JORDAN EXPAT.INV JEIH 2008 Q1 15,000,000 25,193,843 22,313,801 3,384, % 65.4% (0.5%) 27,900, ,672 1,640,278 JORDAN EXPRESS JETT 2008 Q1 10,800,000 20,189,089 18,119, , % 12.4% % 24,840, , ,526 INTERNATIONAL INV. JIIG 2007 Q4 10,000,000 12,686,239 9,577,184 (292,915) (0.029) (2.3%) (3.0%) % 13,400,000 Negative 165, ,423 JORDAN INTL TRAD JITC 2008 Q1 3,400,000 6,357,456 4,318, , % 39.6% (5.0%) 8,466, ,289 22,268 JOR LOAN GRNT.CO JLGC 2007 Q4 10,000,000 25,328,525 17,012, , % 4.3% % 12,900, , ,863 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% % 37,500,000 >100 14,865,327 55,281,608 JORDAN CENTRAL JOCE 2008 Q1 4,500,000 8,840,756 5,183,643 81, % 11.5% (4.2%) 13,365, , ,949 JOR ELECTRIC PWR JOEP 2008 Q1 66,000, ,736,896 97,589, , % 2.6% (4.1%) 452,100,000 >100 2,956,459 20,722,670 JOR HOTEL TOURS JOHT 2007 Q4 10,000,000 29,048,520 20,711,045 2,959, % 15.0% % 72,500, ,083 JOR INV TRUST JOIT 2008 Q1 29,513,889 65,288,968 50,125, , % 2.1% % 80,572, ,272 22,199 RESOURCES INVEST JOMA 2007 Q4 11,000,000 11,009,388 10,979,558 (23,462) (0.002) (0.2%) (0.2%) % 38,720,000 Negative 1,022,059 3,776,525 JORDAN CONSULTING JOMC 2007 Q4 1,400,000 1,739, ,664 76, % 10.9% % 2,464, ,875 25,601

8 JOR PRESS/ PUBLISH JOPP 2008 Q1 4,000,000 18,621,494 11,900, , % 7.1% % 15,360, ,034 64,209 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% (9.9%) 130,220, ,609 11,579 JO REALESTATE JRCD 2007 Q4 30,000,000 44,035,613 38,665,531 7,953, % 22.4% % 51,000, , ,970 JORDAN TELECOM JTEL 2008 Q1 250,000, ,082, ,386,766 25,182, % 23.8% (1.8%) 1,622,500, ,712 3,020,718 KAFA`A INVESTMENTS KAFA 2007 N/A 4,000,000 N/A N/A N/A N/A N/A N/A % 13,000,000 N/A AL-DAWLIYAH H&M MALL 2008 Q1 43,200,000 66,941,790 56,987, , % 4.7% % 69,120, , ,573 MEDITER. TOURISM MDTR 2007 Q4 45,000,000 51,919,647 49,169,210 3,097, % 6.4% (1.4%) 94,500, ,630 13,604 MIDDLE EAST DIV MEDI 2007 Q4 2,000,000 3,402,672 2,183, , % 6.3% % 13,340,000 > ,550 3,455,344 METHAQ MEET 2007 Q4 7,500,000 11,466,232 7,814,196 (333,353) (0.044) (3.9%) (5.1%) % 13,275,000 Negative 4,594,607 7,558,016 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 1,437,312 2,645,523 MASAFAT TRANSPORT MSFT 2007 Q4 12,000,000 14,764,665 13,182, , % 6.6% % 20,520, ,308,003 7,466,386 TRANSPORT BARTER NAQL 2008 Q1 11,000,000 21,570,857 14,536, , % 19.8% % 28,820, ,641,011 3,974,251 NOPAR FOR TRADING NOTI 2007 Q4 500, , ,373 15, % 3.2% % 1,385, , ,346 NATL PORTFOLIO NPSC 2008 Q1 15,000,000 40,695,129 24,056,596 3,845, % 69.5% % 46,650, ,021 2,331,482 PETRA EDUCATION PEDC 2008 Q1 16,000,000 25,451,242 18,770,642 1,069, % 22.1% % 50,400, REAL ESTATE & INV PORT PETT 2007 Q4 15,000,000 11,493,580 11,289, , % 2.3% % 18,600, , ,804 PHILADELPHIA UNI PIEC 2007 Q4 15,000,000 24,304,883 18,954,227 3,014, % 16.2% % 48,000, ,360 59,256 PALACES PRED 2007 Q4 4,000,000 4,439,613 3,918,238 (80,468) (0.020) (1.8%) (2.1%) % 20,880,000 Negative 655,967 3,435,715 J. PRESS FOUNDAT PRES 2008 Q1 7,500,000 39,559,534 35,214,942 1,807, % 21.1% % 150,600, , ,934 PROFESSIONAL PROF 2007 N/A 55,000,000 N/A N/A N/A N/A N/A N/A (1.7%) 62,150,000 N/A 477, ,160 EAST REAL ESTATE REAL 2008 Q1 9,996,082 47,893,535 41,024, , % 1.4% (2.3%) 94,862,818 >100 12, ,895 REAL ESTATE DV REDV 2008 Q1 91,500, ,931, ,465,744 (719,204) (0.008) (2.1%) (3.0%) % 176,595,000 Negative 4,966,503 9,217,508 REAL ESTATE INV REIN 2008 Q1 7,500,000 8,845,760 7,587,168 (90,507) (0.012) (4.2%) (4.7%) (1.7%) 13,275,000 Negative 49,874 87,931 AL RAKAEZ RICS 2007 Q4 10,000, ,941,420 (58,580) (0.006) (0.6%) (0.6%) % 8,600,000 Negative 560, ,127 ROYAL JORDANIAN RJAL 2008 Q1 84,373, ,135, ,173,000 (2,975,000) (0.035) (3.5%) (11.1%) % 313,025,129 Negative 3,774,773 13,609,283 RUM TOURIST TRAN RUMM 2007 N/A 7,000,000 N/A N/A N/A N/A N/A N/A % 16,870,000 N/A 111, ,055 AL-SALEM FOR INV SALM 2007 Q4 500, , , , % 30.2% % 2,850, ,900 42,429 AL-SANABEL INT L SANA 2007 Q4 20,000,000 20,904,739 20,335, , % 2.3% % 24,000, , ,253 SOUTH ELECTRONICS SECO 2007 Q4 50,000, ,779,213 50,458, , % 2.8% % 44,000, ,681,615 3,202,430 SHARECO BROKERAGE SHBC 2007 N/A 12,000,000 N/A N/A N/A N/A N/A N/A % 22,560,000 N/A 510, ,520 SHIPPING LINE SHIP 2008 Q1 12,075,000 24,552,974 15,457, , % 13.2% (0.4%) 28,255, ,286 14,755 SPEC.INV JOR SIJC 2008 Q1 4,500,000 15,001,691 11,365, , % 13.9% % 16,605, ,196 92,244 SALAM INT TRN TD SITT 2008 Q1 13,200,000 54,066,924 20,567, , % 4.1% (0.8%) 32,868, , ,184 SPCZ.INVST.COMD SPIC 2008 Q1 23,000,000 72,854,711 35,620,561 1,497, % 18.2% % 269,100, ,557,308 39,870,176 SPCZ.TRDG&INVST SPTI 2007 Q4 3,075,000 5,113,140 3,628, , % 9.2% (3.8%) 6,273, ,855 1,809,122

9 TAAMEER JOR HLDGS TAMR 2007 Q4 211,982, ,524, ,619,320 (3,200,557) (0.015) (1.2%) (1.6%) % 472,720,023 Negative 3,258,604 7,158,880 AL-TAHDITH THDI 2007 Q4 2,000,000 2,243,681 1,994,419 (10,023) (0.005) (0.4%) (0.5%) % 3,100,000 Negative 43,840 66,021 TUHAMA INVESTMENTS THMA 2007 Q4 9,000,000 9,003,729 8,850, , % 5.5% (10.6%) 16,650, , ,366 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%) % 358,425,000 Negative 3,535,517 8,389,249 UN FOR FINCL INV UCFI 2008 Q1 5,000,000 12,426,324 9,767,600 1,042, % 80.1% % 33,400, ,239 5,003,490 UNION INV UINV 2008 Q1 50,000,000 88,656,827 67,234, , % 1.3% % 86,500,000 >100 6,174,323 10,320,968 UNION LAND DEV ULDC 2008 Q1 45,000,000 74,818,576 56,572, , % 4.1% (2.2%) 98,100, ,768,986 10,095,201 ARAB INV. UNION UNAI 2007 Q4 3,000,000 2,850,801 2,840,721 (79,721) (0.027) (2.8%) (2.8%) (1.1%) 5,370,000 Negative 60, ,537 UNIFIED CO UNIF 2008 Q1 6,511,057 16,938,572 7,667,911 (170,883) (0.026) (3.9%) (8.8%) % 9,050,369 Negative 493, ,259 AL SHAMEKHA REAL VFED 2008 Q1 1,200,000 2,615,993 2,273,613 (80,181) (0.067) (13.0%) (15.5%) % 3,324,000 Negative 2,310 6,284 WINTER VALLEY TOUR WIVA 2007 H1 5,000,000 1,632,148 1,469,670 (26,975) (0.005) (3.4%) (3.6%) % 7,700,000 Negative 428, ,137 ZAHRAT ALURDON ZAHI 2008 Q1 500, , ,772 (16,086) (0.032) (12.6%) (12.8%) (1.9%) 1,325,000 Negative 1,600 4,338 ZARA INVESTMENTS ZARA 2007 Q4 125,000, ,360, ,666,590 6,079, % 5.3% % 256,250, ,130 10,462 ZARQA EDUC ZEIC 2008 Q1 8,475,000 18,643,471 12,160, , % 21.5% % 26,272, ,621 35,311 Services Sector Total 2,621,006,645 6,352,805,650 3,288,681, % 11.6% 7,570,003, ,959, ,924,054 ARAB ALUM IND AALU 2007 Q4 6,750,000 19,297,230 13,004, , % 3.0% % 13,365, , ,084 PREMIER ACDT 2008 Q1 1,330,008 8,949,171 5,253, , % 13.6% (3.5%) 9,948, ,573 11,468 ARAB ELECT IND AEIN 2008 Q1 6,000,000 10,440,739 7,226,261 51, % 2.8% % 8,040, ,086,166 1,378,239 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% % 4,937, N/A N/A AMANA AGRICULT. AMAN 2007 Q4 7,000,000 6,022,928 4,032,240 43, % 1.1% (1.8%) 3,780, , ,636 ARAB INVEST PROJ APCT 2007 Q4 20,000,000 5,851,672 4,491, , % 2.6% % 24,000,000 > , ,919 ARAB PHARMA CHEM APHC 2008 Q1 5,000,000 8,082,358 7,438,516 (8,452) (0.002) (0.4%) (0.4%) (7.4%) 8,800,000 Negative 3,000 5,383 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% % 7,265,329, ,907 2,873,670 AL-QUDS READY MIX AQRM 2007 Q4 14,000,000 18,804,891 15,357,514 (562,319) (0.040) (3.0%) (3.6%) % 17,360,000 Negative 2,740,446 3,265,582 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% % 20,880, , ,929 COMPLAND DEV&INV ATTA 2007 Q4 12,000,000 17,264,413 15,091,823 1,200, % 11.2% % 19,920, ,568,943 7,089,557 BATON FOR BLOCKS BLOK 2007 Q4 12,000,000 14,373,566 12,210, , % 1.7% % 16,080, , ,974 DAR ALDAWA DV/IV DADI 2007 H1 20,000,000 60,838,898 52,466,047 4,361, % 16.7% (1.5%) 95,000, , ,720 EKBAL PRINT CO. EKPC 2008 Q1 5,000,000 8,320,322 6,044,492 (56,451) (0.011) (2.7%) (3.7%) % 6,200,000 Negative 50,206 63,746 EL-ZAY READY WR ELZA 2008 Q1 11,500,000 19,331,950 10,031,892 (263,290) (0.023) (5.4%) (10.3%) % 8,050,000 Negative 171, ,676

10 FIRST NAT VEG OIL FNVO 2008 Q1 4,500,000 6,926,290 3,019, , % 14.1% % 5,985, ,716 1,199,534 GENERAL INVESTMENT GENI 2007 Q4 10,000,000 29,944,692 27,133,709 2,007, % 7.9% (45.5%) 33,000, ,370 7,410 GENERAL MINING GENM 2007 Q4 1,500,000 2,883,362 2,449, , % 12.9% % 7,950, ,335 38,851 LIGHT CONCRETE GLCI 2007 Q4 8,500,000 10,057,037 8,806,757 (67,466) (0.008) (0.5%) (0.8%) % 13,005,000 Negative 96, ,794 HAYAT PHAR. IND. HPIC 2007 Q4 9,500,000 13,001,882 11,134, , % 6.4% % 12,635, ,480 8,339 INDSTRAL/COMM/AGR ICAG 2007 Q4 14,396,942 10,751,992 7,172,560 1,049, % 15.8% (3.5%) 7,918, , ,197 INDL CERAMIC ICER 2007 Q3 6,000,000 8,230,658 6,534,996 11, % 0.3% % 5,400,000 >100 99,836 87,263 AD-DULAYL INDUS. PARK IDMC 2008 Q1 21,000,000 62,822,773 57,385, , % 1.2% % 51,870, ,988,466 32,557,992 RUM ALADDIN IND. IENG 2008 Q1 7,175,097 25,594,644 8,963, , % 17.8% % 26,834, ,071 7,765 IND./MATCH JEMCO INMJ 2007 Q4 1,800,000 1,208,746 1,113,638 (16,186) (0.009) (1.3%) (1.4%) (5.2%) 5,544,000 Negative 76, ,085 COMPREHENSIVE INOH 2007 Q4 4,250,000 12,868,386 6,005, , % 12.6% % 13,557, ,884,311 5,584,192 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% (0.8%) 51,600, ,315 42,398 JOR NEW CABLE CO JNCC 2008 Q1 27,000, ,697,645 33,194,325 2,105, % 25.7% (2.2%) 95,310, , ,247 JOR CERAMIC FAC JOCF 2008 Q1 7,500,000 12,156,288 9,985, , % 12.6% % 4,500, , ,748 JOR CEMENT FACT JOCM 2008 Q1 60,444, ,018, ,254,755 10,939, % 24.5% (2.1%) 641,920, ,996 1,610,577 JORDAN DAIRY JODA 2008 Q1 4,000,000 9,196,745 7,130,022 1, % 0.1% (0.5%) 7,400,000 > ,465 JOR INDSTR CHEM JOIC 2008 Q1 1,799,624 5,343,944 3,046, , % 13.0% % 5,956, ,177 6,921 JORDAN IND.RES. JOIR 2008 Q1 13,250,000 21,300,636 15,731,781 29, % 0.7% (1.2%) 11,262, ,073,048 2,650,879 JOR PAPER & CARD FACT JOPC 2008 Q1 7,500,000 20,225,234 10,553,443 23, % 0.9% % 16,875,000 >100 3,166 7,075 JOR PHOSPHATE MN JOPH 2008 Q1 75,000, ,074, ,264,741 8,710, % 17.6% % 3,240,750, ,375,610 92,749,520 JOR PIPES MANFACT JOPI 2008 Q1 3,575,000 9,911,620 7,481, , % 10.8% (7.0%) 9,902, ,770 60,944 JOR PETROLM REF JOPT 2008 Q1 32,000, ,617,362 64,792,001 1,244, % 7.8% (3.4%) 516,480,000 >100 3,014,496 49,776,776 JOR SELPHO CHEM JOSL 2007 Q4 4,000,000 9,015,350 4,484,698 (77,942) (0.019) (1.0%) (2.1%) (0.2%) 17,560,000 Negative 143, ,673 JOR STEEL JOST 2008 Q1 23,075,000 97,494,959 52,856,953 5,714, % 43.2% % 235,826, ,996,265 49,036,828 JORDAN TANNING JOTN 2007 Q4 1,500,000 2,429,888 1,957,282 (442,601) (0.295) (16.7%) (20.4%) % 3,750,000 Negative 2,977 7,229 JOR ROCK WOOLID JOWL 2007 Q4 3,000,000 2,554,693 1,966,212 (733,605) (0.245) (27.1%) (33.0%) (2.0%) 2,940,000 Negative 150, ,960 JOR WORSTED MILL JOWM 2008 Q1 12,500, ,190,491 96,365,195 1,945, % 7.9% (0.6%) 96,875, ,562 81,342 JORDAN PHARMA JPHM 2007 Q4 20,000,000 54,531,097 34,266,490 1,648, % 4.9% % 39,800, , ,986 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% % 7,740, , ,866 ENJAZ LIPO 2007 Q4 3,335,942 3,426,083 3,286,540 (68,113) (0.020) (3.2%) (3.6%) % 8,473,293 Negative 233, ,088 ARAB PESTICIDES MBED 2007 Q4 9,000,000 17,288,036 11,830,924 1,212, % 10.5% % 11,880, ,974 1,117,170 MID EASTCOMPLEX MECE 2008 Q1 100,000, ,107, ,049,385 2,185, % 5.4% % 310,000, ,029,982 14,830,444 MID PHARMA IND MPHA 2008 Q1 9,869,583 22,519,111 12,458,232 (404,630) (0.041) (7.1%) (12.8%) (0.6%) 33,359,191 Negative 2,116 7,022 NATIONAL STEEL NAST 2008 Q1 4,000,000 9,734,140 5,664, , % 30.7% % 10,680, ,559,886 3,930,122

11 NAT L ALUM IND NATA 2008 Q1 9,000,000 19,867,487 12,978, , % 13.3% % 15,300, ,306,715 2,228,582 NAT CHLORINE NATC 2008 Q1 9,000,000 12,221,481 11,105, , % 8.8% % 12,150, , ,437 NAT L POULTRY NATP 2007 Q4 30,000,000 73,013,124 53,050,192 6,374, % 12.8% % 63,000, N/A N/A NUTRI DAR NDAR 2008 Q1 10,000,000 18,038,981 10,705, , % 6.6% % 17,000, , ,360 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% % 66,250, , ,190 SILICA INDUSTR. SLCA 2007 Q4 2,366,815 2,489,416 2,388, , % 5.4% % 8,757, TRAVCO TRAV 2008 Q1 4,600,000 5,792,992 5,236, , % 9.6% % 5,658, ,600 6,796 UNION ADV INDST UADI 2008 Q1 3,000,000 12,274,485 6,741, , % 19.0% % 10,470, ,300 4,537 UNITED CABLE IND UCIC 2007 N/A 40,000,000 N/A N/A N/A N/A N/A N/A % 54,000,000 N/A 381, ,375 AL-QARIA UCVO 2008 Q1 4,500,000 14,021,148 4,700, , % 20.6% (8.7%) 11,835, , ,817 UNIV MOD INDCO UMIC 2008 Q1 6,000,000 11,544,863 8,891, , % 18.1% (1.9%) 9,480, ,096 1,148,572 UNIV CHEM IND UNIC 2008 Q1 1,500,000 3,152,887 2,891,691 (26,659) (0.018) (3.3%) (3.7%) % 3,510,000 Negative 173, ,115 UNION TOBACCO UTOB 2008 Q1 15,000,000 63,676,212 34,796, , % 2.6% (6.1%) 50,850, , ,245 NAT/CABL/WIRE/MF WIRE 2008 Q1 12,500,000 18,839,081 18,839, , % 7.6% (18.7%) 23,375, , ,844 JOR WOOD INDUSTR WOOD 2007 Q4 3,500,000 10,922,453 6,982,192 1,888, % 29.1% % 19,915, N/A N/A WOOLEN INDUSTRIES WOOL 2007 Q4 1,200,000 1,301, ,498 (401,423) (0.335) (27.3%) (40.1%) % 1,488,000 Negative N/A N/A Industrial Sector Total 993,557,208 3,884,036,403 2,005,161, % 9.7% 13,666,111, ,988, ,482,514 Market Total 5,698,956,379 51,264,218,367 11,745,234, ,559, % 13.6% 37,850,657, ,231, ,703,434 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

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.