Weekly Capital Markets Newsletter 14th - 18th of April 2019

1. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
1
INVESTMENT ‫استثمار‬
Sector Index Chg. % Index Closing (Points)
Financial -0.17% 2,637.61
Services 0.52% 1,276.01
Industrial -1.70% 1,846.99
JOD 15.63 Bn -3.05% -0.51%
Market Cap. Cap. % (YTD) Index % (YTD)
Ahli Bank Weekly
Capital Markets Newsletter
During (14th - 18th of April 2019)
Jordan Ahli Bank Share Performance During (14th - 18th of April 2019)
Closing
1.14
% Chg.
3.64
High
1.14
Low
1.10
JDs
204,330
Shares
182,066
Amman Stock Exchange (ASE) Market Information Jordan Ahli Bank Ownership Structure
Closing Change (Points) Chg. %
1,899.14 -7.23 -0.38%
Traded Value (JDs) Change (JD’s) Chg. %
20,306,228 958,499 4.95%
Traded Volume (Shares) Change (Shares) Chg. %
19,220,782 -795,628 -3.97%
ASEIndex
Sector Performance
Most Traded Companies
Company Close Traded Value (JD)
Specialized Investment Compounds 1.11 2,786,961
Jordan Phosphate Mines 3.28 2,448,121
Jordan Petroleum Refinery 2.64 2,011,145
Company
Specialized Investment Compounds 1.11 2,589,496
Emmar Investments & Real Estate Development 0.19 1,090,510
Alentkaeya For Investment & Real Estate Development 0.48 1,046,197
Most Active Companies
Company Symbol Close Chg. %
Emmar Investments & Real Estate Development EMAR 0.19 35.71%
Societe Generale De Banque - Jordanie SGBJ 1.40 16.67%
Specialized Investment Compounds SPIC 1.11 13.27%
Kafa`a For Financial & Economical Investments KAFA 0.51 10.87%
Top ASE Gainers
Top ASE Decliners
Weekly Value Traded by Sector / JD Mn
ASE - Index (YTD)
52 Gainers
56 Decliners
34 Unchanged
Company Close Chg. %Symbol
Specialized Trading & Investment 1.51 -17.03%SPTI
Jordan Industrial Resources 0.11 -15.38%JOIR
Alshamekha For Real Estate &Financial Investments 1.04 -13.33%VFED
Jordanian Expatriates Investment Holding JEIH 0.58 -10.77%
Market Breadth

2. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
2
INVESTMENT ‫استثمار‬
USD Libor
O/N 2.39113 pct.
1 Month 2.48088pct.
3 Months 2.58113 pct.
6 Months 2.62900 pct.
1 Year 2.74638 pct.
Oil & Gold
FX Rates
JOD Interest Rates
“Jordanian Government Curve”
Gold 1275.00
Light Crude 64.00
EUR / USD 1.1250
GBP / USD 1.3000
AUD / USD .7155
USD / JPY 111.91
USD / JOD 0.708—0.710
Window 4.000 Pct.
1 Wk CDs 4.750 Pct.
1 Year T-Bills 4.441 Pct.
2 Years T-Bonds 4.750 Pct.
3 Years T-Bonds 4.750 Pct.
5 Years T-Bonds 5.235 Pct.
7 Years T-Bonds 5.750 Pct.
10 Years T-Bonds 6.300 Pct.
15 Years T-Bonds 7.098 Pct.
Global News:
Fed official is open to adopting an inflation target range as the leader of the Federal
Reserve Bank of Boston said he favors the central bank moving from using interest-rate
policy to achieve 2% inflation to a regime that targets a range of price pressures, in
remarks that also offer a positive view of the US economy. “It appears that the 2%
inflation goal has essentially acted more like a ceiling” for price rises, Boston Fed leader
Eric Rosengren said in the text of a speech to be presented Monday at Davidson College
in North Carolina. Mr. Rosengren noted that the Fed’s inflation target is supposed to
view shortfalls and overages in the same fashion, but it doesn’t seem to have worked
out that way.
China’s economy unexpectedly held up in the first three months of the year as stimulus
measures kicked in, helping stabilize sentiment rattled by trade tensions with the US.
Gross domestic product rose 6.4% in the first quarter from a year earlier, exceeding
economist estimates and matching the previous three months.
FOMC 2018 Meeting
Date
FED Funds
Rate
Jan 30,2019 2.25 - 2.50
March 20,2019 2.25 - 2.50
May 1,2019
June 19 ,2019
July 31,2019
September 18,2019
October 30,2019
December 11,2019
The Kingdom’s tourism revenue climbed 5.2 per cent and reached $1.3 billion during the first quarter of this year, in comparison
to the same period of 2018.The number of foreign tourists arriving in Jordan during the first quarter rose 33.3 per cent, and the
number of overnight and group-based tourists increased by 36 per cent and 19.7 per cent respectively, the Jordan News Agency,
Petra, reported. In 2018, tourism revenue surpassed the $5 billion mark, signifying an 8 per cent increase from 2017’s $4.6
billion. The number of tourist groups was reported to have increased significantly throughout the first 11 months of 2018, with
86,320 tourists visiting the Kingdom in groups, compared with 61,620 tourists during the same period of 2017, which constituted
an increase of 40.1 per cent.
The President of the Arab Inter-Parliamentary Union and Lower House Speaker Atef Tarawneh said that the Arab region is at a
crossroads and is facing enormous challenges that require unified efforts and integrated roles to move development forward ,
also he called for supporting Iraq in building a modern country, especially after suffering from the repercussions of occupation,
war and terrorism.
Jordan is sounding out banks about a possible sale of USD1 billion in Eurobonds as the Middle Eastern country looks to fund a
budget strained by more than a million Syrian refugees. A request for proposal has been sent, with the plan to sell the debt to
local banks and international lenders operating branches in Jordan, the country’s finance minister Ezzedin Kanakriyah, told
Bloomberg on Sunday in Washington, where he attended the spring meetings of the International Monetary Fund and the World
Bank. “We are watching the offers and after the offers we will see which consultant will win,” the minister said. The government
is also talking to the World Bank about a USD1 billion soft loan as it seeks to cut the cost of its debt repayments and revive an
economy hurt by the rise in commodity prices. Jordan is aiming gradually to “decrease the ratio of public debt to GDP to below
94% this year from 94.4%,” the minister said.
The GDP of the Emirate of Abu Dhabi at current prices grew 14.4% year-on-year during the fiscal year 2018, recording AED931
billion (USD253.47 billion), according to a report released by Statistics Centre - Abu Dhabi (SCAD) on Tuesday. The increase in the
emirate’s GDP stemmed from a 35.7% year-on-year rise in the activity of mining and quarrying last year – including crude oil and
natural gas, reaching AED375.9 billion. “This increase in value-added resulted from higher oil prices. As a result, its contribution
to the total GDP increased from 34.1% in 2017 to 40.4% in 2018,” SCAD said.
The UAE’s current account surplus increased by 37.6% year-on-year in 2018, recent data by the Central Bank of the UAE showed.
The state’s current account surplus grew to AED139 million last year, representing 9.1% of gross domestic product (GDP),
compared to AED101 billion in 2017 that made up 7.3% of GDP, according to the central bank. The central bank attributed the
growth of the current account surplus to an increase of AED52.2 billion in the UAE’s trade balance, which is mainly linked with oil
prices. Oil and gas exports rose by 13.9% year-on-year or AED29.6 billion in 2018, while non-oil exports increased by 2.1% or
AED8 billion, the central bank noted.
Local News:
Regional News:
The German government expects the country’s public sector debt to fall below the European Union’s debt ceiling this year, a
draft document seen by Reuters showed on Tuesday. The document shows debt is expected to fall to 58.75% of economic
output in 2019, below the 60% mark set by the bloc. It would be the first time since 2002 that German debt falls below that
mark. Finance Minister Olaf Scholz said last year that Germany would achieve this milestone by the end of 2018. But the
document showed that the government estimates public debt stood at 60.9% last year

3. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
3
INVESTMENT ‫استثمار‬
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The trading and financial related data contained in this report 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 employees and its third-party suppliers shall have no liability for errors or omissions with respect to the service or its delivery, re-
gardless 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 infor-
mation to support their decisions. The reader should not make any investment decision solely based on the information contained in
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