Weekly Capital Markets Newsletter 16th- 20th of June 2019

1. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
1
INVESTMENT ‫استثمار‬
Sector Index Chg. % Index Closing (Points)
Financial 1.41% 2,547.34
Services 0.49% 1,233.53
Industrial 1.79 % 1,840.28
JOD 15.21 Bn -5.69% -3.65%
Market Cap. Cap. % (YTD) Index % (YTD)
Ahli Bank Weekly
Capital Markets Newsletter
During (16th
- 20th
of June 2019)
Jordan Ahli Bank Share Performance During (16th - 20th of June 2019)
Closing
1.05
% Chg.
1.94
High
1.05
Low
1.04
JDs
137,318
Shares
132,010
Amman Stock Exchange (ASE) Market Information Jordan Ahli Bank Ownership Structure
Closing Change (Points) Chg. %
1,839.08 27.06 1.49%
Traded Value (JDs) Change (JD’s) Chg. %
26,807,454 9,544,215 55.28%
Traded Volume (Shares) Change (Shares) Chg. %
28,415,807 11,217,174 65.22%
ASEIndex
Sector Performance
Most Traded Companies
Company Close Traded Value (JD)
Specialized Investment Compounds 1.11 3,590,469
Jordan Petroleum Refinery 2.65 1,917,771
Al-eqbal Investment 12.5 1,584,596
Company
Specialized Investment Compounds 1.11 3,291,995
Rum Group For Transportation & Tourism Investment 0.69 2,215,437
Alentkaeya For Investment & Real Estate Development 0.75 1,484,100
Most Active Companies
Company Symbol Close Chg. %
The Real Estate & Investment Portfolio AQAR 1.1 34.15%
Akary For Industries & Real Estate Investments WOOL 3.23 24.23%
Ihdathiat Real Estate IHCO 0.26 23.81%
Salam International Transport & Trading SITT 0.56 21.74%
Top ASE Gainers
Top ASE Decliners
Weekly Value Traded by Sector / JD Mn
ASE - Index (YTD)
74 Gainers
55 Decliners
27 Unchanged
Company Close Chg. %Symbol
Al Faris National Company For Investment & Export 1.19 -9.85%CEBC
Amwaj Properties 0.12 -7.69%AMWJ
Northen Cement 2.48 -7.46%NCCO
Mediterranean Tourism Investment MDTR 2.24 -7.44%
Market Breadth

2. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
2
INVESTMENT ‫استثمار‬
The US Federal Reserve left the FFTR unchanged on Wednesday & signaled for interest rate
cuts beginning as early as July, saying it is ready to battle growing global and domestic
economic risks as it took stock of rising trade tensions and growing concerns about weak
inflation. Even as the US central bank left its benchmark interest rate unchanged for now,
the shift in sentiment since its last policy meeting was marked.
The Bank of England said the perceived risk of crashing out of the European Union without
a deal had risen as they unanimously voted to keep policy unchanged. While officials, led
by Governor Mark Carney, said they still see the need for interest-rate hikes in coming
years if their forecasts bear out, they also acknowledged that investors are taking a differ-
ent view than the bank's assumption of a smooth Brexit.
Donald Trump upped his criticism of Germany on Wednesday as he threatened sanctions
over Angela Merkel’s continued support for a gas pipeline from Russia and warned that he
could shift troops away from the NATO ally over its defense spending.
The ECB’s vice president Luis de Guindos said another large bond-buying program could be
an option if inflation in the region doesn’t reach its intended target.
Iran said it shot down a US drone near the mouth of the Persian Gulf, escalating already fierce tensions in an oil-exporting
region that’s been on the brink of a military confrontation for weeks.
USD Libor
O/N 2.34750 pct.
1 Month 2.40438pct.
3 Months 2.34925pct.
6 Months 2.22013 pct.
1 Year 2.20213 pct.
Oil & Gold
FX Rates
JOD Interest Rates
“Jordanian Government Curve”
Gold 1398
Light Crude 57.60
EUR / USD 1.1370
GBP / USD 1.2744
AUD / USD 0..6925
USD / JPY 107.33
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 4.762 Pct.
3 Years T-Bonds 4.781 Pct.
5 Years T-Bonds 5.274 Pct.
7 Years T-Bonds 5.747 Pct.
10 Years T-Bonds 6.330 Pct.
15 Years T-Bonds 7.098 Pct.
Global News:
FOMC 2018
Meeting
Date
FED Funds
Rate
Jan 30,2019 2.25 - 2.50
March 20,2019 2.25 - 2.50
May 1,2019 2.25 - 2.50
June 19 ,2019 2.25—2.50
July 31,2019
September
18,2019
October 30,2019
December 11,2019
Local News:
Regional News:
UAE banks' net margins hit by higher funding costs as the demand for new loans exceeded deposit growth at nine of
the 10 listed banks in the United Arab Emirates in the first quarter of 2019.
Abu Dhabi’s overall GDP in 2019 is expected to grow by 3% at constant prices with non-oil growth projected at 3.9%, a top
official of Abu Dhabi’s Department of Economic Development told Gulf News. “Abu Dhabi’s economy showed further
improvement by the end of 2018, growth has strengthened somewhat as a result of policies taken by the government to
boost economic growth. Abu Dhabi’s non-oil foreign trade during the first quarter of 2019 reached AED51.8 billion, an
increase of 3.1% compared to AED50.2 billion during the same quarter of 2018, according to the latest figures released by
Abu Dhabi Statistics Center on Tuesday. The growth in Abu Dhabi’s non-oil trade was supported by the re-export activity
during the period from January to March this year, which rose to AED13.1 billion, an increase of 37.7% compared to
AED9.5 billion during the same period last year.
Lebanon’s Eurobonds have entered distressed territory as a budget delay and rising political tension in the region compli-
cate efforts to tackle the nation’s fiscal crisis. The average extra yield investors demand to hold the Arab nation’s debt
over US Treasuries climbed to a 10-year high of 946 basis points this week. Among emerging markets not in default, only
Zambia and Argentina have wider spreads, according to a Bloomberg Barclays index. Some of Lebanon’s dollar securities,
including those maturing in 2022 and 2023, already have spreads above 1,000 basis points.
Jordan will take part in the US-led Bahrain conference, slated for June 25-26 to unveil the economic component of US
proposal to resolve the Palestinian-Israeli conflict, the Foreign Ministry announced on Saturday.
Regarding the level of participation, Foreign Ministry Spokesperson Sufian Qudah said that the Kingdom will be repre-
sented by Secretary General of the Finance Ministry Abdelhakim Shibli, according to a ministry statement carried by the
Jordan News Agency, Petra.
Qudah stressed that the Kingdom will address all proposed solutions, political or not, in accordance with its “firm and
solid standpoint”, and reject solutions that are not in harmony with its principles, adding that it will keep working with
the international community to mobilise support for Palestinians.
Unemployment is Jordanians’ biggest concern, Prime Minister Omar Razzaz said, adding that the national economy only
provides 30,000 to 35,000 jobs annually. Moreover Razzaz noted that the government pledged to double this number to
60,000 jobs, and has already provided 30,000 so far this year.
The Kingdom’s production of electricity generated from renewable energy is expected to cover 20 per cent of its need
by 2020, compared with its current production of 11 per cent, Energy Minister Hala Zawati said on Thursday. Partici-
pating in the International Forum on Energy Security, Zawati said that Jordan imports 92 per cent of its energy needs
with a total annual value of JD3 billion that equals 10 per cent of the Kingdom’s GDP.

3. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
3
INVESTMENT ‫استثمار‬
Disclaimer:
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
this report and he/she should consult with his/her investment advisor before investing. 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
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