Ahli Capital Markets & Investment Group Weekly ASE Market Performance Report

Transcription

1 Ahli Capital Markets & Investment Group Weekly ASE Market Performance Report (8th 12th) July 2012 In This Week s Issue: ASE s General Index Slightly Declines 1

2 Weekly Market Report (8th 12th) July Amman Stock Exchange (ASE) ASE s General Index Slightly Declines ASE s general index ended the week s trading sessions at points, shedding 0.67% since last week s closing of points. While the current economic difficulties remain to negatively affect ASE s performance despite the fact that stock prices have reached rather attractive buying levels recently. Moving on to the main market indicators, 52 shares managed to uplift their closing prices opposed by the decrease of 96 shares out of 179 traded shares, while the daily average of trading value stood at JD5.3 million. Most Active Companies Company Symbol Closing price Value (JD) Al-tajamouat For Catering & Housing JNTH ,486,552 Union Land Development ULDC ,381,915 Jordan Ceramic Industries JOCF ,256,371 Index Performance Index Closing Previous %Ch. ASE Index 1, , % Top ASE Gainers Top ASE Losers Company Symbol Close Chg. Company Symbol Close %Chg. International Cards CARD % Darwish Al- Khalili & Sons DKHS % Al Jamil For General Investments JMIL % Ammoun International For Multilateral Investments Alentkaeya For Investment & Real Estate Development The Investors & Eastern Arab For Industrial & Real Estate Investments IEAI % AMON % The Arab Assurers ARAS % ENTK % Middle East Diversified Investment MEDI % 2 2

3 Corporate News (1 of 2): Sector Representative Index Sector Contribution Financial -0.46% 57% Service -0.77% 23% Industry -1.25% 20% Darwish Al-Khalili and Sons (DKHS): The Company decided to hold its extra ordinary general assembly on 11/7/2012 so as to discuss writing off JD51,368 of its JD10.9 million accumulated loss from the company s JD79,035 voluntary reserve as of 31/12/2011, while covering the JD10.8 million remainder through decreasing the company s capital to reach JD4.2 million shares. Al-Bilad Medical Services (ABMS): ASE announced listing the company s JD1.4 million capital increase shares through the capitalization of JD1.4 million of the company s retained earnings whereby the company s capital will reach JD18.9 million shares as of 11/7/2012. Weekly Indicators Total Weekly Traded Value % 26,293,252 Number of Shares Traded -5.33% 41,283,725 Corporate News (2 of 2): Jordan Islamic Bank (JOIB): The Bank signed a financing agreement of USD100 million with Jordan Petroleum Refinery for the purpose of financing its oil purchases. Rum-Aladdin for Engineering Industries (IENG): The Company decided to hold its extra ordinary general assembly on 19/7/2012 in order to discuss increasing its capital from JD7.2 million shares to JD10 million shares through private placement subscription or strategic partnership. 3 3

4 Economic & Financial News: In accordance to the Income and Sales Tax Department s statistics, tax revenues have surged by 6.6% during the first half of the current year to reach JD1.6 billion in comparison to JD1.5 billion recorded during the same period of last year. With relevance to statistics issued by the Central Bank of Jordan, the inflation rate declined to 3.9% during the first half of the current year compared to 4.6% recorded during the same period of last year. Activity Summary Sector volume %Chg Contribution value (JD) %Chg. Contribution Transactions %Chg. Contribution Financial 24,313, % 59% 15,039, % 57% 9, % 49% Services 10,154, % 25% 6,085, % 23% 5, % 28% Industry 6,815, % 17% 5,168, % 20% 4, % 23% Total Market 41,283, % 26,293, % 19, % Block Trade Bulletin Quantity Value (JD) Transactions Total Block Trades (shares) Bonds Right Issue Block Trades Breakdown Quantity Volume (JD) Transactions Jordan Ahli Bank Ahli Capital Markets & Investment Group. For any further interpretations, or to obtain detailed, additional, advanced and customized data, and/or analysis on a timely basis contact AhliBank via the contact list mentioned on the cover page. Sustain your vision, enhance your foresight and learn more through appropriate assessments sponsored by the Jordan Ahsli Bank (JONB). Disclaimer : The trading and financial related data contained in this market performance report for Amman Stock Exchange (ASE) has been obtained from sources considered by Jordan Ahli Bank to be reliable in all material respects. However, the accuracy, fairness and completeness thereof are not guaranteed by Jordan Ahli Bank and its third-party suppliers shall have no liability for errors or omissions with respect to the service or its delivery, regardless of the cause or source of such error or omission. This is not an invitation to buy or sell stocks traded in Amman Stock Exchange. The Purpose of this report is to provide information and analysis related to Amman Stock Exchange and assists investors to obtain information to support their decisions. The reader should not make any investment decision solely based on the information contained in this report and he/she should consult with his/her investment advisor before investing. In addition, technical review included in this report may not suit intra-day traders since closing prices form the base of the analysis and not a real-time or intra-day market quotation. This report is a copyright of Jordan Ahli Bank and should not be reproduced or redistributed partially or fully in away shape or manner without the express written consent of the Jordan Ahli Bank. 4 4

5 Ahli Capital Markets & Investment Group Ahli Capital Markets & Investments Group Lina N. Bakhit Deputy C.E.O./ Deputy G.M Tel.: Majid Hejab Tel.: /2 / Research & Studies Department Rabe Al-Bataineh Researchdept@ahlibank.com.jo Tel.: Jamil Al-Turk Jamil.al-turk@ahlibank.com.jo Corporate Finance Hazem.copty@ahlibank.com.jo Ahli Brokerage Company info@ahlibrokerage.com 5 5