Ahli bank weekly capital markets newsletter 25th 29th of august 2019

1. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
1
INVESTMENT ‫استثمار‬
Sector Index Chg. % Index Closing (Points)
Financial -0.86% 2,473.38
Services -0.65% 1,306.78
Industrial 0.67% 1,786.89
JOD 15.03 Bn -6.77% -4.59%
Market Cap. Cap. % (YTD) Index % (YTD)
Ahli Bank Weekly
Capital Markets Newsletter
During (25th
- 29th
of August 2019)
Jordan Ahli Bank Share Performance During (25th
- 29th
of August 2019)
Closing
0.96
% Chg.
0.00
High
0.97
Low
0.95
JDs
111,368
Shares
116,602
Amman Stock Exchange (ASE) Market Information Jordan Ahli Bank Ownership Structure
Closing Change (Points) Chg. %
1,821.11 -9.19 -0.50%
Traded Value (JDs) Change (JD’s) Chg. %
40,585,124 18,126,979 80.7%
Traded Volume (Shares) Change (Shares) Chg. %
34,576,022 15,042,572 77.0%
ASEIndex
Sector Performance
Most Traded Companies
Company Close Traded Value (JD)
Specialized Investment Compounds 1.99 7,903,811
Jordan Islamic Bank 2.81 5,037,692
Century Investment Group (holding) 2.25 2,700,701
Company
Specialized Investment Compounds 1.99 4,304,437
Rum Group For Transportation & Tourism Investment 0.66 3,860,666
Jordan Islamic Bank 2.81 1,794,894
Most Active Companies
Company Symbol Close Chg. %
International Cards CARD 0.19 26.67%
International Brokerage & Financial Markets IBFM 0.39 14.71%
Specialized Investment Compounds SPIC 1.99 14.37%
Alshamekha for Real Estate & Financial Investments VFED 1.32 13.79%
Top ASE Gainers
Top ASE Decliners
Weekly Value Traded by Sector / JD Mn
ASE - Index (YTD)
Company Close Chg. %Symbol
Jordan Decapolis Properties 0.52 -8.77%JDPC
Amwaj Properties 0.11 -8.33%AMWJ
Al-rakaez Investment 0.35 -7.89%RICS
Jordan Industrial Resources JOIR 0.12 -7.69%
Market Breadth
36 Gainers
64 Decliners
43 Unchanged

2. ‫المالية‬ ‫والمؤسسات‬ ‫واالستثمارات‬ ‫للخزينة‬ ‫األهلي‬ ‫مجموعة‬
Ahli Treasury, Investments & Financial Institutions Group
2
INVESTMENT ‫استثمار‬
USD Libor
O/N 2.08963 pct.
1 Month 2.08900 pct.
3 Months 2.13763 pct.
6 Months 2.03650 pct.
1 Year 1.97400 pct.
Oil & Gold
FX Rates
JOD Interest Rates
“Jordanian Government Curve”
Gold 1519.85
Light Crude 55.16
EUR / USD 1.0988
GBP / USD 1.2166
AUD / USD 0.6738
USD / JPY 106.30
USD / JOD 0.708—0.710
Window 3.750 Pct.
1 Wk CDs 4.500 Pct.
1 Year T-Bills 4.340Pct.
2 Years T-Bonds 4.339 Pct.
3 Years T-Bonds 4.572 Pct.
5 Years T-Bonds 5.170 Pct.
7 Years T-Bonds 5.492 Pct.
10 Years T-Bonds 6.093 Pct.
15 Years T-Bonds 6.730 Pct.
Global News:
Prime Minister Boris Johnson will suspend Britain’s parliament for more than a month before Brexit, enraging
opponents and raising the stakes in the country’s most serious political crisis in decades. Johnson launched his
boldest move yet to take the country out of the European Union by October 31 with or without a divorce deal, by
setting a new date for a state opening of parliament. Known as the Queen’s Speech, the formal event will be held on
October 14 and be preceded by a suspension of the House of Commons, meaning parliament will not sit between
mid-September and mid-October.
Two Federal Reserve policy makers separately suggested that headwinds confronting the US economy might warrant
another cut in interest rates. The comments -– by Fed regional bank presidents Robert Kaplan of Dallas and Mary
Daly of San Francisco –- reinforce last week’s message from central bank Chairman Jerome Powell that a September
rate reduction is likely.
Chinese and U.S. trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on
Friday, less than 48 hours before U.S. tariffs kick in on an additional $125 billion in Chinese goods.
Bank of Japan board member Hitoshi Suzuki said on Thursday that further declines in borrowing costs could hurt
consumer sentiment and the economy by prompting financial institutions to charge fees on bank deposits. “If the
BOJ were to consider and implement specific monetary easing measures, it will take action deemed appropriate at
the time while weighing the benefits and demerits of each step,” Suzuki said in a speech to business leaders in
Kumamoto, southern Japan.
Oil prices were trading down sharply on Friday morning hovering near $60 a barrel, after earlier it looked like they
might be heading for their biggest weekly gain since the beginning of July, thanks to a huge U.S. inventory draw, a
hurricane approaching Florida, and somewhat softened U.S. vs China trade war rhetoric.
Global markets were rattled at the start of the month after US president Donald Trump announced ramped-up tariffs
against China, sparking a back-and-forth of retaliatory responses.
FOMC 2019 Meeting
Date
FED Funds
Rate
Jan 30,2019 2.25 - 2.50
Mar 20,2019 2.25 - 2.50
May 1,2019 2.25 - 2.50
Jun 19,2019 2.25 - 2.50
Jul 31,2019 2.00 - 2.25
Sep 18,2019
Oct 30,2019
Dec 11,2019
Prime Minister, Omar Razzaz, said Jordan is capable of overcoming the economic difficulties and challenges it is facing at this stage, as it had over
previous years. During a meeting with the chairman and members of the Jordan Chamber of Commerce (JCC), Razzaz added: "We have no doubt to
overcome various challenges. What we need is not to be overly optimistic, but hard work and partnership based on true evaluation."
The premier noted the government has a duty to review the legislation, laws, standards, and procedures to serve the commercial sector, which is an
important sinew of the national economy, while it is not permissible to draw a "pessimistic and negative" future without objective grounds.
The Jordan Phosphate Mines Company (JPMC) on Tuesday exported 79,400 tonnes of phosphate to India, increasing the total amount exported to India
this month to 414,000 tonnes, which is the greatest amount in the history of the company since its establishment. JPMC Chairman Mohammad Thneibat
said that the shipment was loaded on board of one of the biggest vessels available during one day, which is a “record, and unprecedented in time”,
revealing the competence of workers at the phosphate export port in Aqaba, the Jordan News Agency, Petra, reported.
630,000 people covered by unemployment insurance; The Social Security Corporation (SSC) on Saturday urged subscribers covered by unemployment
insurance to apply for disbursement of unemployment allowances in case their services were ended for any reason at their workplaces. The SSC
specified that the insurance will only be available to unemployed people who have not yet found jobs at other places, as this type of insurance only
provides temporary income to help the insured manage their livelihoods until they find a work opportunity.
Jordan advanced by 11.5 points in the mobile connectivity to the Internet index to 53.8 points in 2018, compared to 42.3 points in 2014, as shown by a
Global System for Mobile Communications Association report. The index, which includes 163 countries, evaluates the advancements of countries in
terms of Internet use over the period 2014-2018, the Jordan News Agency, Petra, reported on Wednesday. On the international competitiveness index,
the Kingdom advanced four ranks in 2018 to the 52nd among 63 countries, compared with the 56th in 2017, according the annual report of the
International Institute for Management Development.
Iranian minister says Europe has two options to save the nuclear deal; Europe should either ask Washington to restore sanctions waivers for buyers of
Iran’s oil or provide a credit line to the Islamic Republic if it wants to save the nuclear deal, the country’s deputy foreign minister, Abbas Araghchi, said in
an interview to state TV. The two options have been relayed to French President Emmanuel Macron over the course of several recent phone calls with
Iran’s President Hassan Rouhani, according to Araghchi. Both leaders have exchanged initiatives and ideas over how the 2015 nuclear deal, which the US
abandoned last year, can be preserved, he said.
Lebanon CDS hit record high, bonds under pressure amid escalating Israel tensions; The cost of insuring exposure to Lebanon's sovereign debt rose to a
record high on Tuesday, as a flare up in tensions with Israel compounded mounting worries about the country's finances. Lebanon's five-year credit
default swaps (CDS) rose to 1,205 basis points (bps), up 9 bps from Monday's close, data from IHS Market showed, as many of the country's bonds also
hit new all-time lows. President Michel Aoun had said on Monday that Lebanon had a right to defend itself, likening Israeli drone strikes to a "declaration
of war" amid rising tensions between Hezbollah and Israel.
Egypt cut interest rates for the first time in six months as slowing inflation and a stable currency allowed the central bank to shrug off the risk of
contagion from an emerging-market selloff. The Monetary Policy Committee reduced its benchmark deposit rate by 150 basis points to 14.25% and its
lending rate to 15.25%, the bank said Thursday in a statement. “As incoming data continued to confirm the moderation of underlying inflationary
pressures, the MPC decided to cut key policy rates,” the central bank said. “This remains consistent with achieving the inflation target of 9%, plus or
minus 3%age points, in 2020 Q4 and price stability over the medium term.”
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 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.