Amman Stock Exchange (ASE) Daily Market Report March 27th, 2013 Market Summary: Trading value for Tuesday 26/03/2013 reached JOD (18.5) million. (17.3) million shares were traded through (7,349). The shares price index closed at (2074.35) point, an increase of (0.22%). The shares of (148) companies were traded, the shares prices of (70) companies rose, and the shares prices of (36) declined. At the sector level, the index increased by 0.79%, the financial index decreased by 0.15%, and the Industrial index increased by 0.04%. Figure 1: Free Float Index 2150 2100 2050 2000 1950 1900 1850 1800 1750 1700 Economic News Hotels warn against re-imposing 16% accommodation tax The government s plan to re-impose a 16% accommodation tax on the Kingdom s hotels will negatively impact the country s tourism sector, the Jordan Hotels Association (JHA) warned on Tuesday. JHA Executive Director Yasar Majli said the decision will prompt hotels to raise their accommodation fees. Finance Minister Suleiman Hafez on Tuesday recommended that the Cabinet re-impose the 16% tax on room accommodation, after three years of reducing this tax to 8%.The tax reduction over the past three years, Majli said, aimed at supporting the tourism industry after it was hit as a result of regional turmoil and the global financial crisis. QAIA Experiences Continued Traffic Growth in February 2013 Airport International Group (AIG) - the Jordanian consortium responsible for the rehabilitation, expansion and operation of the Queen Alia International Airport (QAIA) - has announced a steady rise in monthly and year-to-date (YTD) passenger and aircraft traffic in February 2013. Passenger traffic (PAX) went up by almost 5.2% this February, reaching 447,594 PAX in comparison to February 2012's where it reached 425,591 PAX. Meanwhile, YTD PAX traffic exceeded the 900,000 mark by 22,663 PAX to reach 922,663 PAX in February this year - a 3.8% increase over the 888,819 PAX recorded over the same period in 2012. Figure 2: Top Gainers Figure 3: Top losers Close Close Change Price Price Change AMAL 1.30 7.43% UAIC 0.04 20.00% SANA 0.60 7.14% IEAI 0.07 12.50% AIFF 1.6 6.66% SECO 0.11 8.33% JOCF 1.89 5.00% BOJX 2.2 5.57% UINV 2.96 4.96% TAMR 0.17 5.55% Figure 4: Top Companies by Value Traded Closing price Value Traded UINV 2.96 2,554,065 JEDI 1.75 1,992,919 JNTH 2.53 1,846,787 ULDC 3.85 1,319,462 SURA 0.48 861,695 Figure 5: Top Companies by Trading Volume Closing price Trading Volume SURA 0.48 1,835,636 REDV 0.24 1,778,866 JEDI 1.75 1,150,536 DARA 0.52 878,730 UINV 2.96 865,628 Awraq Investment www.awraq.com Tel: 962 6 550 3800 Fax: 962 6 550 3801 P.O. Box 925102 Amman 11110 Jordan
The kingdoms Cement consumption dropped by 25% Cement consumption fell during the first quarter of this year by 25% compared to the first quarter of last year. Households' access to medicine good, affordability issues remain -- WHO While access to medicine in Jordan is fairly good, some households find them unaffordable, said a study conducted by the World Health Organization (WHO) in Jordan. Two tycoons on trial for alleged JOD 120 million tax evasion Two business tycoons allegedly owe the Treasury around JD120 million in unpaid taxes, a government official said Monday. The official told The Jordan Times that the businessmen owned major telecommunication companies in the Kingdom before selling their shares to Arab investors. One of the tycoons has evaded paying around JOD 57 million in income tax, while the other, a non-jordanian mogul, owes the Treasury over JOD 60 million, according to the source. Corporate News A drop in profits for Arab Potash Company (APOT) APOT s net income fell by 34 % reaching JOD 198.82 million at the end of 2012 compared to the end of 2011 where net income reached JOD 299.69 million, while total revenues amounted to JOD 586.27million in 2012 compared to JOD 720.15 million in 2011 dropping by around 19%. A slight drop in net income for Cairo Amman Bank (CABK) Net income slightly dropped around 3% at the end of last year to amount to JOD 35.29 million compared to the previous period where it reached JOD 36.6 million. Page 2 of 5
Figure: Value Traded Figure 6: Trading Volume 11% Transportatio n 4% Industrial 7% Industries 9% 8% Real Estate 13% Industrial 7% Hotels and Tourism 6% Industries 7% 9% Real Estate 12% Diversified 17% 32% Diversified 15% 28% 15% Figure 7: Regional Markets Indices Figure 8: International Markets Indices Index Close % Change Year to Date Index Close % Change Year to Date KSA 7176.88 0.20% 2.62% S&P 500 1563.77 0.78% 5.90% Dubai 1865.94-1.84% 7.69% Dow Jones 14559.65 0.77% 3.35% Abu Dhabi 3014.63 0.51% 2.10% Nasdaq 3252.483 0.53% 10.37% Egypt 5129.09-1.95% 27.77% London 3376.88 0.31% 0.19% Qatar 8573.11-0.08% -6.83% Nikkei 225 12471.62-0.60% 4.95% Kuwait 6777.34 1.31% -0.44% Source: Bloomberg Oman 6174.34 0.08% -0.13% Lebanon 1203.5 0.20% -3.35% Source: Bloomberg Page 3 of 5
Figure 9: Banks Listed on the Amman Stock Exchange (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 ARBK Arab Bank 3,834.12 534.00 7.18 0.98% 14.67 0.99 4.18% 0.49 0.91% 5.45% FY 2012 THBK The Housing Bank for Trade and Finance 2,116.80 252.00 8.40-20.56 2.11 2.98% 0.41 1.45% 10.03% Q3 2012 BOJX Bank of Jordan 341.22 155.10 2.20-5.58% 10.28 1.23 6.82% 0.21 1.63% 11.99% FY 2012 JOKB Jordan Kuwait Bank 351.00 100.00 3.51-8.12 0.95 5.70% 0.43 1.87% 12.00% Q3 2012 JOIB Jordan Islamic Bank for Finance and Investment 377.50 125.00 3.02-0.33% 10.61 1.71 3.97% 0.28 1.20% 16.65% Q3 2012 CABK Cairo Amman Bank 281.00 100.00 2.81 0.36% 8.01 1.27 6.05% 0.35 1.80% 15.74% Q3 2012 AHLI Jordan National Bank 187.50 150.00 1.25-0.79% 8.01 0.72 8.00% 0.16 0.90% 9.08% Q3 2012 EXFB Capital Bank Of Jordan 183.00 150.00 1.22-1.61% 7.49 0.82 0.00% 0.16 1.77% 10.99% Q3 2012 UBSI Union Bank 150.00 100.00 1.50-18.83 0.65 4.00% 0.08 0.51% 3.50% Q3 2012 SGBJ Société Générale de Banque - Jordanie 87.00 100.00 0.87-24.17 0.84 0.00% 0.04 0.91% 4.39% Q3 2012 AJIB Arab Jordan Investment Bank 135.00 100.00 1.35-4.26% 9.51 0.89 7.41% 0.14 1.47% 10.09% Q3 2012 INVB Jordan Investment and Finance Bank 120.00 100.00 1.20-8.44 0.91 6.67% 0.14 2.02% 10.76% Q3 2012 ABCO Arab Banking Corporation / (Jordan) 109.00 100.00 1.09-11.51 0.86 7.40% 0.09 1.17% 7.72% Q3 2012 JDIB Industrial Development Bank 93.00 100.00 0.93-1.06% 13.82 0.73 0.00% 0.07 1.68% 5.57% Q3 2012 JCBK Jordan Commercial Bank 93.00 100.00 0.93 - N/A 1.00 0.00% -0.03-0.39% -3.24% H1 2012 Source: Companies s & Bloomberg Figure 10: 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 3,707.65 83.32 44.50-12.13 3.98 6.74% 3.67 19.13% 22.99% Q3 2012 JTEL Jordan Telecommunications 1,332.50 250.00 5.33-14.75 3.56 6.75% 0.36 13.60% 22.34% Q3 2012 JOPH Jordan Phosphate Mines 975.00 75.00 13.00 0.39% 5.99 1.29 3.46% 2.17 16.58% 21.86% Q3 2012 JOEP Jordan Electric Power 256.28 75.60 3.39 4.31% 24.33 2.48 4.72% 0.14 1.67% 9.48% Q3 2012 JOPT Jordan Petroleum Refinery 193.28 32.00 6.04 2.20% 3.01 1.50 0.00% 2.00 6.19% 62.97% F.Y 2011 EICO International Tobacco and Cigarettes 222.60 20.00 11.13-1.50% 10.62 3.87 8.98% 1.05 31.02% 36.89% FY 2012 NCCO Northern Cement 123.75 55.00 2.25 4.65% 11.76 1.81 8.00% 0.19 10.57% 11.95% Q3 2012 JOCM Jordan Cement Factories 79.79 60.44 1.32 0.76% N/A 0.65 0.00% -0.42-13.71% -21.96% Q3 2012 RJAL Alia-The Royal Jordanian Airlines 64.97 84.37 0.77 2.67% N/A 1.48 0.00% -0.69-27.20% 172.43% Q3 2012 MANE Afaq For Energy Company 148.50 110.00 1.35-0.74% 20.00 1.22 5.19% 0.07 4.64% 6.12% F.Y 2011 ZARA Zara Investments 75.00 125.00 0.60 - N/A 0.45 0.00% -0.01-0.31% -0.52% F.Y 2011 AIEI Arab International for Education and Investment 124.74 40.50 3.08-5.23% 10.18 2.04 6.49% 0.30 14.47% 20.87% F.Y 2011 MDTR Mediterranean Tourism Investment 90.00 45.00 2.00-43.99 1.83 2.00% 0.05 3.88% 4.12% F.Y 2011 JDFS Jordanian Duty Free Shops 87.00 7.50 11.60-10.23 2.70 8.62% 1.13 24.39% 27.88% F.Y 2011 JOST Jordan Steel 50.05 35.00 1.43 0.70% 18.29 1.14 8.39% 0.08-0.31% -0.59% Q3 2012 DADI Dar Al Dawa Development and Investment 37.95 23.00 1.65 1.23% N/A 0.76 0.00% -0.24-9.24% -16.16% Q3 2012 Source: Companies s & Bloomberg
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