Ahli bank weekly capital markets newsletter 21st 25th of july 2019

1. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
1
INVESTMENT ‫استثمار‬
Sector Index Chg. % Index Closing (Points)
Financial -0.40% 2,544.79
Services 0.25% 1,329.99
Industrial 0.83% 1,872.94
JOD 15.45 Bn -4.17% -1.49%
Market Cap. Cap. % (YTD) Index % (YTD)
Ahli Bank Weekly
Capital Markets Newsletter
During (21st
- 25th
of July 2019)
Jordan Ahli Bank Share Performance During (21st
- 25th
of July 2019)
Closing
0.98
% Chg.
-5.77
High
1.04
Low
0.98
JDs
541,840
Shares
544,525
Amman Stock Exchange (ASE) Market Information Jordan Ahli Bank Ownership Structure
Closing Change (Points) Chg. %
1,880.39 0.71 0.04%
Traded Value (JDs) Change (JD’s) Chg. %
31,985,892 -569,637 -1.75%
Traded Volume (Shares) Change (Shares) Chg. %
27,452,509 2,813,229 11.42%
ASEIndex
Sector Performance
Most Traded Companies
Company Close Traded Value (JD)
Jordan Petroleum Refinery 3.25 4,221,911
Specialized Investment Compounds 1.39 2,750,342
Jordan Phosphate Mines 4.15 2,738,217
Company
Rum Group For Transportation & Tourism Investment 0.70 3,040,504
Specialized Investment Compounds 1.39 2,053,534
Alentkaeya For Investment & Real Estate Development 1.11 1,572,743
Most Active Companies
Company Symbol Close Chg. %
Alentkaeya For Investment & Real Estate Development ENTK 1.11 19.35%
Jordan Decapolis Properties JDPC 0.44 18.92%
The Jordanian Pharmaceutical Manufacturing JPHM 0.40 14.29%
International Brokerage & Financial Markets IBFM 0.25 13.64%
Top ASE Gainers
Top ASE Decliners
Weekly Value Traded by Sector / JD Mn
ASE - Index (YTD)
53 Gainers
60 Decliners
36 Unchanged
Company Close Chg. %Symbol
National Steel Industry 1.37 -16.46%NAST
Northern Cement Co. 2.13 -14.11%NCCO
El-zay Ready Wear Manufacturing 0.24 -11.11%ELZA
Philadelphia International Educational Investment Company PIEC 2.19 -7.59%
Market Breadth

2. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
2
INVESTMENT ‫استثمار‬
USD Libor
O/N 2.35038 pct.
1 Month 2.23700 pct.
3 Months 2.26575 pct.
6 Months 2.20488 pct.
1 Year 2.119663 pct.
Oil & Gold
FX Rates
JOD Interest Rates
“Jordanian Government Curve”
Gold 1418.20
Light Crude 56.20
EUR / USD 1.1125
GBP / USD 1.2330
AUD / USD 0.6908
USD / JPY 108.66
USD / JOD 0.708—0.710
Window 4.000 Pct.
1 Wk CDs 4.750 Pct.
1 Year T-Bills 4.340Pct.
2 Years T-Bonds 4.709 Pct.
3 Years T-Bonds 4.739 Pct.
5 Years T-Bonds 5.170 Pct.
7 Years T-Bonds 5.755 Pct.
10 Years T-Bonds 6.359 Pct.
15 Years T-Bonds 7.099 Pct.
Global News:
Former Federal Reserve Chair Janet Yellen said she supports a 25-basis-point cut in the central
bank’s benchmark interest rate, as the global economy weakens and inflation in the United
States is lower.
UK Prime Minister Boris Johnson’s high-level Brexit cabinet holds its first meeting Monday, and
will gather every day to ensure the country leaves the European Union on October 31.
Moody’s believes that with the election of Boris Johnson as Conservative Party leader and his
formally becoming the UK's (Aa2 stable) new prime minister, the risk of the UK leaving the
European Union (EU) without any agreement (a no-deal Brexit) has increased. Johnson was a
figurehead of the “Vote Leave” campaign in 2016 and has said that he intends for the UK to
leave the EU by 31 October 2019, regardless of whether the EU agrees to a revised deal.
Turkey’s new central banker delivered the biggest interest-rate cut in at least 17 years, putting
President Recep Tayyip Erdogan’s unconventional policy goals into practice less than three
weeks after getting the job. The monetary policy makers led by Murat Uysal slashed the
benchmark borrowing rate by 425 basis points to 19.75% on Thursday. It was the first cut since
2016 and the biggest since a shift to inflation targeting in 2002. “The extent of monetary
tightness will be determined by considering the indicators of the underlying inflation trend to
ensure the continuation of the disinflation process,” the central bank said in a statement.
FOMC 2018
Meeting
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
October 30,2019
December 11,2019
Unemployment rates have reached 19 per cent for the first quarter of 2019, with the unemployment rate at 29 per cent for
females and at 16 per cent among males, according to a report issued by the Department of Statistics (DoS). Unemployment rates
have increased by 1.1 per cent among women and by 0.4 per cent among men, rising 0.6 per cent in total during the first quarter of
this year compared with the same period last year, according to DoS
Jordan ranks 86th out of 129 countries, and 9th in the Arab world in terms of innovation, which is “in line with expectations of
development,” according to the 2019 Global Innovation Index.
.
Abu Dhabi's real GDP grew by 5.7% in the first quarter of 2019, largely driven by growth in the oil sector, the emirate's statistics
department said on Tuesday. The emirate's GDP totaled AED207 billion (USD56.4 million) in the quarter compared to AED196
billion in the year-ago period, the Statistics Centre – Abu Dhabi (SCAD) said. The growth in Abu Dhabi's economy during the first
quarter of 2019 was driven by the growth in the oil sector, while non-oil activities continued to post steady growth rates.
The number of financial companies operating in the Dubai International Financial Centre rose 11% during the first half, even as a
slowing global economy forced some banks to cut jobs.
Consumer prices in Saudi Arabia dropped in June compared to figures for the same month last year, but month-on-month the
consumer price index (CPI) showed a slight increase. Government data revealed the CPI index fell 1.4% in June year-on-year in the
kingdom, but rose by 0.2% in comparison to May.
Omani officials are in talks with “all parties” to restore stability to the Strait of Hormuz after recent threats to oil tankers and the
freedom of navigation, Foreign Minister Yousef Bin Alawi said after discussions with Iranian officials in Tehran. “We don’t mediate,
but in this case we are more concerned than others to ensure the stability of navigation, and that’s why we are in touch with all
parties,” he said in remarks aired by state-run television on Sunday. “We have a responsibility when it comes to the Strait of
Hormuz
Local News:
Regional News:
Gold prices rose on Friday, after slipping to more than one-week lows in the previous session, as soft U.S. inflation numbers offset
better-than-expected second-quarter economic growth that kept bets alive for an imminent interest rate cut. Federal funds
futures implied traders saw about 84.5% chance for a quarter-point rate cut at the U.S. central bank's July 30-31 policy meeting,
higher than the probability seen shortly before the release of the GDP data.

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
Jordan Ahli Bank.