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Al Mawared, a Jordanian investment banking firm active in Brokerage, Corporate Finance, and Asset Management announced the successful closing of a capital raise for its client, MadfooatCom, to the amount of USD 2.3 million

Madfooatcom is the leading Electronic Bill Presentment and...

Latest data published by the Department of Statistics showed that Jordan’s trade deficit increased by 26% in January 2018 to amount to JD 894 million, compared to a trade deficit of JD 709.7 million recorded in the same month of 2017.  The Kingdom’s total exports dropped to JD 376.4 million in January 2018, compared to JD 465...

Al Mawared, a Jordanian investment banking firm active in Brokerage, Corporate Finance, and Asset Management, successfully structured and placed a one year, JD 3 million corporate bond issued by Jordan Trade Facilities PLC, a company listed on the Amman Stock Exchange.

The bond was issued at a coupon...

According to latest data published by the ASE, the total value of shares bought by international investors during February 2018 amounted to JD 40 million, representing 28.8% of the overall trading value, while the value of shares sold by international investors amounted to JD 39.4 million during the same period. Accordingly,...

INVESTBANK’s 2017 net profits after taxes reached approximately JD15.8 million, compared to JD15.6 million in 2016. Also in 2017, the bank's total income rose by 11%, to JD52.4 million, compared to JD47.1 million in 2016.

According to initial data issued by INVESTBANK, subject to approval by the Central Bank of Jordan, net direct credit...

Figures published by the Ministry of Finance showed that Jordan’s gross public debt amounted to JD 27,269.2 million at the end of 2017, or 95.3% of projected GDP for 2017, compared to public debt of JD 26,092.7 million registered in 2016, equaling 95.1% of the GDP at the end of 2016.

Total credit facilities extended by licensed banks in Jordan grew by 8% during 2017 to amount to JD 24.75 billion, compared to JD 22.91 billion in 2016, according to latest figures released by the Central Bank of Jordan.  Total deposits held at licensed banks reached JD 33.20 billion in 2017, compared to JD 32.90 billion in...

Jordan’s electricity exports increased by 26.2% during 2017 to reach 57.4 gigawat hours, compared to 45.5 gigawat hours exported during 2016, according to the National Electric Power Company (NEPCO). NEPCO disclosed that it exported 54.1 gigawat hours to Jerusalem District Electricity Company during 2017.

Figures released by Amman Stock Exchange showed that the total value of shares bought by international investors during January 2018 stood at JD 16.6 million, representing 14.5% of the overall trading value, while the value of shares sold by international investors reached JD 23.9 million during the same period. Accordingly, the net of...

The Central Bank of Jordan raised the interest rate on its various monetary policy instruments by 25 basis points. The Central Bank of Jordan’s main interest rate increased to 4%.

The CBJ said in a statement “the decision meant to maintain monetary and financial stability of the Kingdom of Jordan and...

As part of its continued efforts to meet the needs of the local market and adapt to the growing financial needs of individuals and SMEs, INVESTBANK’s subsidiary TAMKEEN Leasing Company recently acquired a 92 percent stake in Bindar Trading and Investment Co., whose capital totals JOD 20 million.

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Total value of shares bought by international investors on the ASE during the first eleven months of 2017 amounted to JD 968.3 million, equaling 34.6% of total trading value. Value of shares sold by international investors during the same period stood at JD 1,299.7 million.

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Latest figures published by the Central Bank of Jordan showed that total credit facilities extended by licensed banks increased by 6.5% during the first nine months of 2017 to amount to JD 24.4 billion, compared to JD 22.91 billion registered at the end of 2016. Total deposits at licensed banks stood at JD 32.75 billion in...

Total financial aid from Germany to Jordan increased to EUR 577 million this year after the Government of Jordan signed a financial aid agreement with Germany worth EUR 275.17 million. It is worth noting that Germany’s financial support to Jordan stood at EUR 478 million in 2016.

INVESTBANK achieved JD9.9 million in profits before taxes by the end of the third quarter of 2017, with net profits after tax totaling JD7.2 million.

Total assets reached JD997 million by September 30, compared with JD950 million by year-end 2016,...

Figures released by the Department of Statistics showed that Jordan’s trade deficit widened during the first eight months of 2017 by 10.5% to reach JD 6,082.2 million. The Kingdom’s total exports during the first eight months of 2017 contracted by 2.6% to stand at JD 3,449.7 million, while total...

Total electricity exported by the National Electric Power Company (NEPCO) increased by 24% during the first seven months of this year. According to company figures, total exports amounted to 26 gigawatts, compared to 21 gigawatts for the same period last year. Company figures state that total sales increased by 4.4% compared...

IMF reports a projected growth rate of 2.3% for Jordan’s economy for this year. The current account deficit is expected to gradually decline, supported by structural reforms and fiscal consolidation. Indicators for the first few months of this year showed a recovery in exports, tourism receipts and remittances, relative to 2016.

Total value of shares bought by non-Jordanians on the ASE during June amounted to JD 61 million, represeting around 44% of total trading value. Total shares sold by non-Jordanians during that month was JD 12.1 million. (ASE)

The Jordan Securities Commission issued new corporate governance regulations for public shareholding companies, including banks.  The new regulations (Arabic version) can be found at the link below:

http://www.jsc.gov.jo/News/...

Jordan is joining reconstruction efforts in war-ravaged countries in the region, a World Bank official said earlier this month, while urging the Kingdom's private sector to build alliances with counterparts in the Arab world. Abdullah Dardari, senior advisor on reconstruction in the Middle East and...

The Jordan Securities Commission (JSC) issued a draft by-law on Collective Investment Schemes as a consultation paper for comments and requested investors and financial services professionals to contribute views and remarks. Please see link below: 
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Jordan's new Securities Law has been passed by Parliament and published in the Official Gazette, taking effect as of May 16, 2017. Kindly see link below:

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The Middle East Investor Relations Association (MEIRA) signed a Memorandum of Understanding (MOU) with the Amman Stock Exchange on April, 26 during the Arab Federation of Exchange Conference, which took place in Beirut, Lebanon. Alex MacDonald-Vitale, MEIRA Chairman, and Nader Azar, Amman Stock Exchange CEO, signed the...

Headed by the Chairman Bisher Mohammad Jardaneh, INVESTBANK’s general assembly approved in its 34th ordinary meeting the board’s recommendation to distribute JOD 10 million, or 10% of profits in cash dividend to shareholders for 2016. Dividend yield equals 6.7% of the share’s price as of December 31, 2016, and an average of 6.2 %for the past...

London Stock Exchange and Deutsche Bank in partnership with Al Mawared Brokerage are holding a conference on Depositary Receipts on Monday March 13, 2017 at the Jordan Capital Markets premises, in cooperation with The Amman Stock Exchange (ASE). The Jordan Securities Commission (JSC), the capital markets regulator, recently issued new...

ASE Summary as of 15/08/2018

MARKET INDICES

Points % Chg
General 1991.36 0.39
Financial 2745.24 -0.26
Services 1340.91 0.32
Industrial 1996.82 2.59

MARKET ACTIVITY

Value Traded (JD) %
Financial 4,383,918 34.99
Services 308,598 2.46
Industrial 7,835,704 62.54
Total 12,528,220 100.00

TOP 5 GAINERS

Symbol Last % Chg
EICO 14.10 7.14
SANA 0.63 5.00
SPIC 1.06 4.95
UNAI 0.29 3.57
AQAR 0.98 3.15

TOP 5 LOSERS

Symbol Last % Chg
SECO 0.14 -6.66
IBFM 0.19 -5.00
VFED 0.77 -4.93
RUMI 1.58 -4.81
JOPH 2.99 -4.77

MOST ACTIVE COMPANIES

Value Traded (JD) %
EICO 7,066,134 56.40
ARBK 2,652,087 21.17
SPIC 647,717 5.17
JOPH 382,740 3.06
ARGR 267,292 2.13
Total 11,015,970 87.93

Annual Reports

Flash Note - Jobedu Signs Licensing Agreement with Walt Disney Company for the Middle East
Flash Note - Madfooatcom Increases E-Payments Processed Through Its Platform