The document is a weekly capital markets newsletter from Ahli Treasury, Investments & Financial Institutions Group. It provides a summary of market performance in Jordan and the region for the week of June 16-20, 2019. It discusses index performance, most traded companies, sector trading values, global and regional economic news and interest rates. The Federal Reserve left US rates unchanged but signaled potential cuts, while the Bank of England kept UK rates steady despite Brexit uncertainty. Tensions grew between the US and Iran and Germany. Lebanese bond spreads widened and Jordan will participate in the Bahrain economic conference on the Israeli-Palestinian conflict.
Macroeconomic Developments Report. September 2020Latvijas Banka
The Macroeconomic Developments Report is published on a semi-annual basis.
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Greetings,
Attached FYI ( NewBase Special 22 February 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Russia Gets Second Junk Rating From Moody’s on Ukraine, Oil
• Standard & Poor’s confirms Abu Dhabi’s credit rating at AA
• Iraq to boost southern oil storage to 15m barrels
• Qatar Consortium wins Doha Metro deal
• Algeria: Gazprom confirms productivity of hydrocarbon deposits for El Assel area
• US: ExxonMobil filed Alaska LNG Project resources reports
• US oil workers’ union expands biggest plant strike since 1980
• Oil Falls Sharply After US Crude Inventories Rise
• Another Big Reason to Think Oil Prices Aren't Going Up Soon
• Lebanese gains and losses from lower oil prices
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
High valuations and a loss of momentum in risk assets have left them vulnerable to rising volatility
The focus now is on quantitative tightening but the increase in global debt poses bigger risks over the longer term
Sweeping societal changes in Saudi Arabia are breathtaking in scope but it’s difficult to attach a numerical value to developments or model for stock values
The Saudi stock index is having a stellar year so far but not all is well across the other GCC markets
The Aramco IPO has raised questions about its impact on the Tadawul index and the GCC markets more broadly
The consistent call on the banks and petrochemical companies has been vindicated by their steady performance
The bar to transformational change is very high and the obstacles significant. Pain before gain
Post-Recession CEE: Relative Potential Amid The Global RecoveryJustin Patrie
A presentation delivered to the EBRD\'s Eastern European Business Information Conference on the opportunities and risks in post-recession Central and Eastern Europe. Particular emphasis on the global outlook and the relative positioning of individual CEE economies.
From ELANA Trading: Macroeconomic and Market Outlook 2015 „Bulgaria: Back on ...ELANA Group
This research report offers a thorough view on the major macroeconomic trends in Bulgaria, looking also into all internal and external factors such as crisis in Russia and Ukraine, as well as Greece turmoil. The outlook includes a snapshot of the Bulgarian stock market and its movers & shakers as well as ELANA Trading analysts top picks.
Some analysts points:
- We are cautious for 2015, but looking for a GDP growth pick up in 2016.
- Factors to watch during in 2015 would be the first decisive moves for reforms of the new coalition government, Greece and the crisis in Ukraine.
- The recent capital market decline provides good buying opportunities in various sectors as banks and financial services, electrical equipment, pharmaceuticals, etc.
- Upcoming IT IPO to boost market vitality.
Los especialistas del equipo de D&B´s Country Insight, teniendo en cuenta los últimos acontecimientos globales, ofrecen esta actualización del análisis del World Watch-Observatorio Mundial.
Scott Minerd, Chairman of Investments and Global CIO, analyzes global macroeconomic trends most likely to shape the investment environment in 10 charts.
Macroeconomic Developments Report. September 2020Latvijas Banka
The Macroeconomic Developments Report is published on a semi-annual basis.
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Greetings,
Attached FYI ( NewBase Special 22 February 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Russia Gets Second Junk Rating From Moody’s on Ukraine, Oil
• Standard & Poor’s confirms Abu Dhabi’s credit rating at AA
• Iraq to boost southern oil storage to 15m barrels
• Qatar Consortium wins Doha Metro deal
• Algeria: Gazprom confirms productivity of hydrocarbon deposits for El Assel area
• US: ExxonMobil filed Alaska LNG Project resources reports
• US oil workers’ union expands biggest plant strike since 1980
• Oil Falls Sharply After US Crude Inventories Rise
• Another Big Reason to Think Oil Prices Aren't Going Up Soon
• Lebanese gains and losses from lower oil prices
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
High valuations and a loss of momentum in risk assets have left them vulnerable to rising volatility
The focus now is on quantitative tightening but the increase in global debt poses bigger risks over the longer term
Sweeping societal changes in Saudi Arabia are breathtaking in scope but it’s difficult to attach a numerical value to developments or model for stock values
The Saudi stock index is having a stellar year so far but not all is well across the other GCC markets
The Aramco IPO has raised questions about its impact on the Tadawul index and the GCC markets more broadly
The consistent call on the banks and petrochemical companies has been vindicated by their steady performance
The bar to transformational change is very high and the obstacles significant. Pain before gain
Post-Recession CEE: Relative Potential Amid The Global RecoveryJustin Patrie
A presentation delivered to the EBRD\'s Eastern European Business Information Conference on the opportunities and risks in post-recession Central and Eastern Europe. Particular emphasis on the global outlook and the relative positioning of individual CEE economies.
From ELANA Trading: Macroeconomic and Market Outlook 2015 „Bulgaria: Back on ...ELANA Group
This research report offers a thorough view on the major macroeconomic trends in Bulgaria, looking also into all internal and external factors such as crisis in Russia and Ukraine, as well as Greece turmoil. The outlook includes a snapshot of the Bulgarian stock market and its movers & shakers as well as ELANA Trading analysts top picks.
Some analysts points:
- We are cautious for 2015, but looking for a GDP growth pick up in 2016.
- Factors to watch during in 2015 would be the first decisive moves for reforms of the new coalition government, Greece and the crisis in Ukraine.
- The recent capital market decline provides good buying opportunities in various sectors as banks and financial services, electrical equipment, pharmaceuticals, etc.
- Upcoming IT IPO to boost market vitality.
Los especialistas del equipo de D&B´s Country Insight, teniendo en cuenta los últimos acontecimientos globales, ofrecen esta actualización del análisis del World Watch-Observatorio Mundial.
Scott Minerd, Chairman of Investments and Global CIO, analyzes global macroeconomic trends most likely to shape the investment environment in 10 charts.
You can choose from an extensive range of high-quality Shariah Compliant mutual funds to match your unique investment goals and risk appetite. https://www.ablfunds.com/our-offerings/shariah-compliant-offerings/
Feb 2023. ABL Funds Manager Report Shariah CompliantAniqa Asghar
You can choose from an extensive range of high-quality Shariah Compliant mutual funds to match your unique investment goals and risk appetite. Website: https://www.ablfunds.com/our-offerings/shariah-compliant-offerings/
You can choose from an extensive range of high-quality Shariah Compliant mutual funds to match your unique investment goals and risk appetite. https://www.ablfunds.com/our-offerings/shariah-compliant-offerings/
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Ahli bank 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
Jordan Ahli Bank.