Amman Stock Exchange (ASE) WEEKLY MARKET BRIEF

Jordan
WEEKLY
MARKET
BRIEF
Research Division
Amman Stock Exchange (ASE)
March 13, 2014
The market’s main indices exchanged places from the week before the past as
the services and industrial indices gained and the financial index retreated. The
shifting grounds caused the General Index to drop by 0.36% to 2180.39 points.
The market’s activity took a step back also and the number of traded shares
dropped 20% to 39.9 million as the trading value dropped 14% to JOD35
million. The financial and industrial sectors accounted for most of the decline
in the market’s activity.
The financial index dropped 0.7% and the insurance index stood as the only
gainer in the financial sector. The insurance index, which gained 0.8%,
benefited from an 11.36% increase in the price of Jordan International
Insurance (JIJC), which was the market’s second best performer after closing at
JOD0.49. At the other end, the banking index dropped 0.76%, and the real
estate and diversified financial services indices dropped 0.74% and 0.78%
respectively. Despite the overall decline in the real estate index, Afaq Holding
for Investment & Real Estate Development (MANR) led the market with a
22.37% gain after closing at JOD1.86.
Al-Rouya for Investments (ROYA) was listed on the Amman Stock Exchange
for the first time and commenced trading on Thursday March 13th, 2014.
ROYA, which has ten million outstanding shares and 15% free float, is listed in
the diversified financial services sector on the market’s second market and it
lists investing in a local private airline company as its sole purpose. ROYA
dropped 42% compared to its share par value of JOD1 to JOD0.58 on its only
trading day to become the market’s worst performer for the week.
Al Arabi Investment
Group
“Member of the Arab Bank Group”
[email protected]
[email protected]
The recovery of the hotels & tourism, and utilities & energy sectors in addition
to the continued positive performance of the media sector contributed
substantially to the 0.25% gain posted by the services index. Sura Development
& Investment (SURA) led the hotels & tourism sector with a 2.44% gain to
close at JOD0.42, and Jordan Press Foundation (PRES) led the media sector
with a 1.49% gain to close at JOD2.73. In the meantime, Jordan Electric Power
Company (JOEP) led the utilities & energy sector with a 2.43% gain to close at
JOD2.95.
Five industrial sub-sectors posted gains this past week and that led to a 0.04%
rise in the industrial index. The chemical industries led the way with a 1.95%
gain as Jordan Industrial Resources (JOIR) gained 9.52% to close at JOD0.46.
The engineering & construction index gained 1.36% after Assas for Concrete
Products (ASAS) led the sector with a 7.5% gain to close at JOD0.43, and the
tobacco & cigarettes index gained 0.53% following a 0.8% gain by Al-Eqbal
Investment Company (EICO) which closed the week at JOD12.60.
Amman11814, Jordan― Tel: 962 (6) 5522239 ― Fax: 962 (6) 5519064― [email protected]
www.ab-invest.net ― Reuters: <ATLAS1>-20 ―Bloomberg: ABIG
1
2500
50000
2250
45000
2000
40000
1750
35000
1500
30000
1250
25000
1000
20000
750
15000
500
10000
250
5000
0
000' JD
Points
ASE Market Brief
0
Trading
ASE Index
High
Low
(JD)
(JD)
Best Performers
AFAQ HOLDING FOR INVESTMENT & REAL E
1.89
1.66
JORDAN INTERNATIONAL INSURANCE
0.49
0.44
JORDAN INDUSTRIAL RESOURCES
0.46
0.41
NATIONAL STEEL INDUSTRY
0.97
0.92
Worst Performers
AL-ROUYA FOR INVESTMENTS
0.61
0.58
NATIONAL INSURANCE
1.09
1.09
ARAB COMPANY FOR INVESTMENT PROJECTS
0.39
0.35
INDUSTRIAL INDUSTRIES & MATCH
1.18
0.97
Most Active
COMPREHENSIVE LAND DEVELOPMENT & IN
1.10
1.03
AL-TAJMOUAT FOR CATERING & HOUSING P
2.27
2.17
SPECIALIZED INVESTMENT COMPOUNDS
1.08
1.02
BANK AL-ETIHAD
1.86
1.78
Company Name
ASE General Index
2180.39
Close
Change (%)
-0.36
YTD (%)
Y-o-Y (%)
Trailing P/E
5.55
Close
(JD)
Change
(%)
Turnover
(JD)
1.86
0.97
22.37
11.36
9.52
8.99
2,042,918
9,301
685,210
38,985
0.58
-42.00
1.09
-24.83
0.35
-10.26
-7.96
276,875
1,232
340,670
37,370
1.96
-1.35
0.94
3.91
3,632,520
2,873,334
2,747,047
2,136,057
0.49
0.46
1.04
1.04
2.19
1.07
1.86
Trading Value
5.12
Industries
11%
14.45
ASE: Amman Stock Exchange Index
Trailing P/E: Market capital weighted P/E of index elements
Trading Activity
39,890,939
Volume (shares)
35,062,581
Volume (JD)
49,438,239
Volume (US$)
Services
13%
Financials
76%
Market Breadth
Advancers
Decliners
Unchanged
66
82
30
Amman11814, Jordan― Tel: 962 (6) 5522239 ― Fax: 962 (6) 5519064― [email protected]
www.ab-invest.net ― Reuters: <ATLAS1>-20 ―Bloomberg: ABIG
2

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