Amman Stock Exchange (ASE) Daily Market Report February 3 rd, 2014

Transcription

1 Amman Stock Exchange (ASE) Daily Market Report February 3 rd, 2014 Market Summary: Trading value for Sunday 02/02/2014 reached JOD (25.2) million. (21.4) million shares were traded through (6,299). The shares price index closed at ( ) point, an increase of (0.49%). The shares of (139) companies were traded, the shares prices of (54) companies rose, and the shares prices of (51) declined. At the sector level, the Industrial index decreased by 0.95%, the financial index increased by 0.94%, and the index increased by 0.29%. Economic News Iraq stops oil supplies to Jordan Jordanian government newspaper, cited an unnamed Jordanian official on Sunday, that all supplies of Iraqi oil have been stopped to Jordan, attributing the reason for security situation in Anbar province. Some areas of Anbar province, the most prominent Fallujah and Ramadi are still under the control of the armed Islamic State in Iraq and the Levant organization (Daash), according to security and local Iraqi sources. Fuel prices drop slightly The government on Friday lowered the prices of main oil derivatives by 1 to 2 per cent for February. Under the decision taken by the government's pricing committee, effective February 1, one litre of unleaded 90-octane gasoline is now being sold at JD0.820, down from JD0.830 in January, while one litre of 95-octane costs JD1 compared to JD1.010 last month. On the new price list, both diesel and kerosene are JD0.670 per litre, down from JD Free Float Index Figure 1: Top Gainers Figure 2: Top losers Close Close Change Price Price Change TIIC % AQRM % DARA % TAMR % ZARA % FRST % ARBK % MEET % PHIL % PRED % Figure 3: Top Companies by Value Traded Closing price Value Traded UINV 2.4 4,079,394 SPIC ,761,267 ARBK ,284,019 SURA ,190,368 AHLI ,392 Figure 4: Top Companies by Trading Volume Closing price Trading Volume SURA ,774,757 UINV 2.4 1,707,014 SPIC ,596,165 IDMC ,100,920 JOIR ,299 Awraq Investment Tel: Fax: P.O. Box Amman Jordan

2 Approving new telecom operator will lead to 'price war' -- Orange France With the government expected to announce the name of a new mobile operator this week, French Telecom executives warned that giving a new licence will negatively affect existing operators in Jordan and the state's revenues from the sector. Licensing a new operator to introduce fourth generation (4G) services in the Jordanian market, where there are over 10 million mobile subscriptions, will lead to a "price war" and force all operators to tighten their belts on investments in networks, the executives said at a recent meeting with the press in Paris. Amman Chamber of Commerce weighs holding Jordanian-Italian economic forum The Amman Chamber of Commerce is considering organizing a Jordanian-Italian Economic Forum next June in Rome, Italy, with the participation of entrepreneurs from both countries. President of the Chamber, Isa Haider Murad, made the remarks at a meeting with Italian Ambassador to Jordan Patrizio Fondi. Murad emphasized the chamber's keenness to bolster economic ties with Italy, to serve the two countries' interests. Committee working on taking Aqaba to higher investment, competitiveness levels A public-private-partnership (PPP) advisory committee is currently working to enhance the investment climate and increase the competitiveness of the Aqaba Special Economic Zone (ASEZ). The chairman of the committee said on Sunday that the momentum was empowered by His Majesty King Abdullah's directives which stressed the importance of team work and coordination among all parties in Aqaba to implement strategic projects, attract investments and create more jobs to improve the living standards for the citizens there. Corporate News Housing Bank (THBK) boasts record operational profit The Housing Bank for Trade and Finance (THBK) announced in a press statement on Sunday that it achieved an unprecedented operational profit last year. According to the press release, JD357 million were generated as operational profit, JD30 million or 9.1 per cent higher than the JD327 million recorded in Net pretax profit, after taking provisions into account, amounted to JD150.1 million at the end of last year, 6 per cent higher than the JD142.2 million posted in The profit became JD106.9 million in 2013 after the taxes and provisions compared to JD104.5 million in the previous year. Page 2 of 5

3 Figure 5: Value Traded Figure 5: Trading Volume 8% Real Estate 13% 6% Industrial 4% Industries 4% 6% 40% 12% Hotels and Tourism 9% Industrial 7% Industries 7% Real Estate 14% 8% 31% Diversified 17% Diversified 12% Figure 6: Regional Markets Indices Figure 7: International Markets Indices Index Close % Change Year to Date Index Close % Change Year to Date KSA % 2.67% S&P % -2.70% Dubai % 8.13% Dow Jones % -4.52% Abu Dhabi % 7.65% Nasdaq % -0.95% Egypt % 9.17% London % -2.76% Qatar % 5.96% Nikkei % -6.25% Kuwait % 3.43% Source: Bloomberg Oman % 3.20% Lebanon % 4.70% Source: Bloomberg Page 3 of 5

4 Figure 8: Banks Listed on the Amman Stock Exchange (ASE) Company Name Market Cap Capital Closing Change in Trailing Latest P/E P/BV Div. Yield ROA ROE (Million) (Million) price price EPS F.S ARBK Arab Bank 5, % % % 7.34% Q THBK The Housing Bank for Trade and Finance 2, % % 7.77% Q BOJX Bank of Jordan % % 8.51% Q JOKB Jordan Kuwait Bank % % % 9.42% Q JOIB Jordan Islamic Bank for Finance and Investment % % % 14.75% Q CABK Cairo Amman Bank % % 10.93% Q AHLI Jordan National Bank % % % 4.88% Q EXFB Capital Bank Of Jordan % % % 8.94% Q UBSI Union Bank % % % 6.42% Q SGBJ Société Générale de Banque - Jordanie % % 4.61% Q AJIB Arab Jordan Investment Bank % % % 7.97% Q INVB Jordan Investment and Finance Bank % % % 7.59% Q ABCO Arab Banking Corporation / (Jordan) % % % 6.65% Q JDIB Industrial Development Bank % % % 0.95% Q JCBK Jordan Commercial Bank % % 4.02% H Source: Companies s & Bloomberg Figure 9: Highest Market Capitalization listed on the ASE Company Name Market Cap Capital Closing Change in Trailing P/E P/BV Div. Yield (Million) (Million) price price EPS ROA ROE Latest F.S APOT Arab Potash 2, % % % 13.68% Q JTEL Jordan Telecommunications % % % 11.08% Q JOPH Jordan Phosphate Mines % % % 1.53% Q JOEP Jordan Electric Power % % % 11.53% Q JOPT Jordan Petroleum Refinery % % % 5.24% Q EICO Al-Eqbal Investment Company % % % 34.17% Q NCCO Northern Cement % % 4.13% Q JOCM Jordan Cement Factories N/A % % % Q RJAL Alia-The Royal Jordanian Airlines N/A % % % Q MANE Afaq For Energy Company % % % 9.03% Q ZARA Zara Investments % N/A % % -0.82% Q AIEI Arab International for Education and Investment % % 12.56% Q MDTR Mediterranean Tourism Investment % % 4.90% Q JDFS Jordanian Duty Free Shops % % 23.75% Q JOST Jordan Steel % % 1.71% Q DADI Dar Al Dawa Development and Investment % % % Q Source: Companies s & Bloomberg

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