Ahli bank weekly capital markets newsletter 20th 24th of october 2019

1. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
1
INVESTMENT ‫استثمار‬
Sector Index Chg. % Index Closing (Points)
Financial - 0.20% 2,446.94
Services 0.30% 1,307.40
Industrial - 1.34% 1,816.94
JOD 14.77 Bn -8.37% -4.97%
Market Cap. Cap. % (YTD) Index % (YTD)
Ahli Bank Weekly
Capital Markets Newsletter
During (20th
- 24th
of October 2019)
Jordan Ahli Bank Share Performance During (20th
- 24th
of October 2019)
Closing
0.94
% Chg.
-0.01
High
0.95
Low
0.93
JDs
39,398
Shares
42,156
ASE20 Index Jordan Ahli Bank Ownership Structure
Closing Change (Points) Chg. %
1813.92 -5.22 -0.29%
Traded Value (JDs) Change (JD’s) Chg. %
18,842,075 -1,872,788 -9.04%
Traded Volume (Shares) Change (Shares) Chg. %
16,984,691 -3,102,609 -15.44%
Sector Performance
Most Traded Companies
Company Close Traded Value (JD)
Specialized Investment Compounds 2.02 2,302,665
Arab Bank 5.68 1,528,707
Century Investment Group (holding) 2.41 1,471,378
Company Close Traded Shares
Rum Group For Transportation & Tourism Investment 0.58 1,823,027
Arab Electrical Industries 0.63 1,372,668
Specialized Investment Compounds 2.02 1,161,782
Most Active Companies
Company Symbol Close Chg. %
Comprehensive Leasing Company Plc LEAS 1.94 25.97%
Arab Electrical Industries AEIN 0.63 21.15%
Specialized Jordanian Investment SIJC 0.34 17.24%
Al-amin For Investment AAFI 0.93 14.81%
Top ASE Gainers
Top ASE Decliners
Weekly Value Traded by Sector / JD Mn
ASE - Index (YTD)
Company Close Chg. %Symbol
Assas For Concrete Products Co. 0.15 -11.76%ASAS
United Cable Industries 0.44 -10.20%UCIC
Intermediate Petrochemicals Industries Co. 0.68 -9.33%IPCH
Travertine Company Ltd TRAV 0.22 -8.33%
Market Breadth
44 Gainers
64 Decliners
38 Unchanged
ASE General Index
Closing Change (Points) Chg. %
883.27 -2.5 -0.28%

2. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
2
INVESTMENT ‫استثمار‬
USD Libor
O/N 1.80275 pct.
1 Month 1.80425pct.
3 Months 1.93563 pct.
6 Months 1.93200 pct.
1 Year 1.96088 pct.
Oil & Gold
FX Rates
JOD Interest Rates
“Jordanian Government Curve”
Gold 1506.40
Light Crude 56.34
EUR / USD 1.1080
GBP / USD 1.2835
AUD / USD 0.6835
USD / JPY 108.69
USD / JOD 0.708—0.710
Window 3.500Pct.
1 Wk CDs 4.250 Pct.
1 Year T-Bills 4.340Pct.
2 Years T-Bonds 4.339 Pct.
3 Years T-Bonds 4.461 Pct.
5 Years T-Bonds 5.170 Pct.
7 Years T-Bonds 5.101 Pct.
10 Years T-Bonds 6.093 Pct.
15 Years T-Bonds 6.730 Pct.
Global News:
EU delays its decision on Brexit extension after Boris Johnson pushes for an election, The EU delayed a final
decision on granting a Brexit extension until next week, The European Commission — the executive arm of
the EU — will see a new team installed in the coming months, Some believe the next Commission should be
focused on other policy areas rather than Brexit, While the EU takes its time to decide on the extension
request, Johnson has said he will push for a general election on December 12.
The U.S. and China have made progress in trade discussions and have come close to finalizing parts of a
phase one deal, the Office of the U.S. Trade Representative said Friday.
The S&P 500 inched closer to a record high on Friday after a CNBC report that the United States and China
were close to finalizing some sections of a trade agreement after a phone call between top negotiators
Russia’s largest oil company Rosneft has already completed the switch away from the U.S. dollar to euros in
its export contracts to minimize risks from potential new U.S. sanctions, Rosneft’s chief executive Igor
Sechin said on Thursday.
Gold and silver prices are posting good gains in early U.S. trading Friday. Gold notched a two-week high,
while silver hit a four-week peak. Both metals have seen their near-term technical postures improved
markedly this week, which is inviting chart-based buyers into the markets.
FOMC 2019 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 2.00-2.25
September
18,2019
1.75-2.00
October 30,2019
December 11,2019
The International Monetary Fund (IMF) is “very supportive” of Jordan’s desire for a new program that covers the years ahead, and the two
sides agree that any such new program could be a combination of structural reforms that can reliably increase growth and fiscal adjustments,
which will put the debt to GDP ratio on a downward path, IMF mission chief to Jordan, Chris Jarvis, said.
“We are very open to discussions on a new program… and as we think of the new program we think of two priorities. First, is to identify
structural reforms that can reliably increase growth that Jordan badly needs. Second, to continue the process of fiscal reform adjustments so
the public debt to GDP ratio is set on a clear downward path even before the full benefits of the structural reforms are gained,” Jarvis said in
an exclusive interview with The Jordan Times on the sidelines of the IMF’s annual fall meetings.
“Those two things together are a good basis for a new program and my understanding is that this is also what the government would like,
which is very important because ultimately what we think Jordan should do is less important than what the Jordanian government thinks that
Jordan should do...If this is going to work, the policies have to be the policies of the government itself."
The IMF mission chief added that Jordan’s balance of payments “has been doing well and in fact better than we have projected at the time of
the second review of the program”.
Jordan jumps 29 places in World Bank’s Doing Business 2020 report, Jordan has been placed among the world's top ten improvers in
implementing business-climate-improving measures in the World Bank’s 2020 business rankings.
Lebanon’s emergency proposals in response to mass protests risk undermining the nation’s currency peg and confidence in the ability to repay
debts, Moody’s Investors Service said on Wednesday. The plan, which relies on the central bank waiving interest payments on the
government’s local-currency debt next year, may provide liquidity relief for a short while, Elisa Parisi-Capone, an analyst at Moody’s in New
York. But “the effective debt monetization invariably undermines confidence in government debt-service capacity, compounding pressures on
the currency peg and debt sustainability over the medium term,” she said. The comments deal a blow to the credibility of a plan designed to
curb unrest and unlock foreign aid. Prime Minister Saad Hariri announced the proposals on Monday after days of nationwide demonstrations
against worsening economic conditions and corruption among the ruling classes. The measures also include a one-time 2% tax on bank
revenue in 2019. Higher taxes would dent the banks’ “poor returns” and ability to withstand shocks, Elisa Parisi-Capone said. Lebanese dollar
bonds, which were already in distressed territory, have tumbled since the protests broke out last week. Yields on the government’s USD2.1
billion of securities due in April 2021 have climbed more than 800 basis points since Thursday to 26.2%. They now trade below 80 cents on
the dollar. The government faces an “enormous challenge” improving its finances while maintaining financial-sector stability and the currency
peg, and appeasing “an increasingly restless population,” said Parisi-Capone.
The Central Bank of the UAE has released for consultation proposed new regulations to better control real estate exposures in the banking
industry, It said in a statement that the primary objective of the proposed framework is to enhance financial stability by redesigning
regulatory measures.
The capitalization of UAE capital markets has reached AED895.5 billion ($244 billion), up 5.6 percent compared to the start of this year,
according to figures from country's two main bourses.
Saudi Aramco is exploring ways to reward loyal investors in its initial public offering to ensure the record share sale isn’t followed by a wave of
selling, people with knowledge of the matter said.
Local News:
Regional News:

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 AhliBank 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
Jordan Ahli Bank.