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Regional News World Markets Global News DATE: Nov. 1. 2018 ISSUE: 2883 Currencies against USD The outcry in the United States demonizing Saudi Arabia over the murder of Saudi journalist EUR 1.1379 Jamal Khashoggi in the kingdom’s consulate in Istanbul threatens U.S.-Saudi strategic ties, the GBP 1.2895 former Saudi intelligence minister warned on Wednesday. “We value our strategic relationship with the United States and hope to sustain it. We hope the United States reciprocates in kind,” royal family member Prince Turki bin Faisal al Saud said in an address to the National Council JPY 112.97 on U.S.-Arab Relations, a non-profit advocacy organization. (Reuters) CHF 1.0032 A no-fly zone and a ban on military drills near the heavily fortified border between North and South Korea came into effect on Thursday as the once uneasy neighbors push to further defuse AUD 0.7162 tensions. The measures were part of a military accord inked during last month’s inter-Korean summit in Pyongyang, which includes a halt in “all hostile acts,” and a gradual removal of NZD 0.6611 landmines and guard posts within the Demilitarised Zone (DMZ). (Reuters) CAD 1.3101 World Markets Global News Major Commodities Oil (Brent) 75.04 Index Value % Change Dialogue between Italy and the European Commis- sion over the country’s budget plans will not be an Gold 1224.55 DOW 25115.76 0.97 “exchange of concessions”, Prime Minister Giuseppe Conte told Corriere della Sera in an interview pub- Silver 14.4 lished on Thursday. Conte defended the government’s NASDAQ 7305.899 2.01 2019 deficit target of 2.4 percent of GDP, despite a Platinum 845.3 rejection by the European Commission, which says S&P 500 2711.74 1.085129 the deficit is too high and has called on Rome to re- write its fiscal plans. (Reuters) CAC 40 5093.44 2.4 DAX 11447.51 1.6 British Prime Minister Theresa May has struck a Three Month LIBOR tentative deal with the European Union that would give FTSE 100 7128.1 1.31 UK financial services companies continued access to European markets after Brexit, the Times reported on USD 2.5585 BOVESPA 87423.55 0.62 Thursday. British and European negotiators have reached tentative agreement on all aspects of a future EUR -0.35586 MXX (IPC) 43942.55 0.93 partnership on services, as well as the exchange of data, the British newspaper reported, citing govern- JPY -0.08633 NIKKEI 225 21687.65 -1.06 ment sources. (Reuters) CHF -0.7454 SHANGHAI 2606.237 0.13 GBP 0.81675 S&P/ASX 200 5840.8 0.18 Index Value % Change Regional News Abu Dhabi 4901.872 0.42 The International Monetary Fund has reached a Helpful Hints Dubai 2784.6 0.95 staff-level agreement with Egypt to disburse another $2 billion from the country's $12 billion extended fund 7907.01 -0.29 Saudi Arabia facility, it said on Tuesday. The funds will be available Earnings Per Share - EPS: upon IMF executive board approval of a fourth review 5064.22 0.44 of the three-year program, the organization said in a Kuwait Earnings per share (EPS) is the statement. At the conclusion of a staff visit to Cairo, portion of a company's profit 1314.733 -0.09 IMF Middle East and Central Asia Assistant Director Bahrain allocated to each share Subir Lall said that Egypt's implementation of an eco- of common stock. Earnings per 10325.19 0.24 nomic reform program helped the economy to perform Qatar share serves as an indicator of a well, with 5.3 percent growth in fiscal 2017/2018 and company's profitability. It is com- 4422.91 0.02 lower unemployment. (Zawya) Oman mon for a company to report EPS that are adjusted for ex- Egypt 1268.4 0.04 Tunisia's foreign currency reserves have risen traordinary items, potential slightly to 13.28 billion dinars, the equivalent of 83 share dilution. Palestine 522.83 0.34 days of imports, after it sold 500 million euros worth of bonds last week, the central bank said on Wednes- Lebanon 984.2262 -0.36 day. Tunisia had just 73 days of imports on Tuesday, at 11.66 billion Tunisian dinars, the lowest level in Tunisia 7411.68 0.16 three decades. (Zawya) Morocco 10959.25 0.36 DATE: Nov. 1. 2018 ISSUE: 2883 L OCAL NEWS Top 3 most active traded stocks in terms of JOD A senior UK official has said that London and Amman are working to deepen their partnership “in the interest of our Symbol Closing Price Change % Volume JOD shared security, stability and prosperity”. In remarks to The Jordan Times on Wednesday, Secretary of State for Interna- SPIC 1.21 3.42% 643,169 tional Development Penny Mordaunt described Jordan as a “beacon of hope in the Middle East that is playing a critical AMAL 0.53 6.00% 362,614 role in ensuring the long-term stability of the region. We are ULDC 1.96 -1.51% 362,220 working closely together to strengthen the deep partnership between our two countries”. Her remarks came one day after it was announced that the United Kingdom will host the Lon- don conference to support the economy and investment in Jordan on February 28, with the participation of the Group of Top 3 most active traded stocks Seven representatives, as well as leading international insti- tutions in the field of finance and investment. (Jordan Times) Symbol Closing Price Change % Volume JOD The municipalities’ labourers on Wednesday resumed their SPIC 1.21 3.42% 762,634 strike across the Kingdom saying they had not obtained their ULDC 1.96 -1.51% 710,608 “due rights”, the Jordan news Agency, Petra, reported. Upon a request from Lower House Speaker Atef Tarawneh, the ARBK 5.97 -0.17% 412,479 executive council for municipalities’ labourers union, an unof- ficial syndicate, suspended their strike for two weeks hoping to find solutions to meet their demands. The union’s spokes- person, Ahmad Saadi, said that the meeting of the municipali- ty heads, which was held on Tuesday evening, was too 3 Biggest Gainers late.(Jordan Times) Symbol Closing Price Change % Volume JOD Minister of Foreign Affairs and Expatriates Ayman Safadi on Wednesday discussed with his Omani peer, Yusuf Bin EJAD 0.08 14.29% 110 Alawi, the Mideast peace push as Muscat has recently INVH 0.11 10.00% 5,987 stepped-up its engagement in the issue. The Omani foreign minister was on a brief visit to the Kingdom, coming from ROYA 0.15 7.14% 1,956 Ramallah where he met the Palestinian President Mahmoud Abbas, a ministry statement said. The two ministers “stressed keenness to strengthen cooperation and brotherly ties be- tween the two countries, under the leadership of His Majesty King Abdullah and Sultan Qaboos Bin Said”. (Jordan Times) 3 Biggest Decliners Trading value for Wednesday 31/10/2018 reached JD(5.7) Symbol Closing Price Change % Volume JOD million. (5.2) million shares were traded through (2,806). The shares price index closed at (1958.68) point, an increase of AMWJ 0.27 -10.00% 365 (0.09%). The shares of (121) companies were traded, the shares prices of (33) companies rose, and the shares prices MPHA 0.14 -6.67% 280 of (47) declined. (ASE) CARD 0.15 -6.25% 1,875 For more DETAILED information ABOUT THE AMMAN STOCK EXCHANGE, kindly visit the link below Click Here Please This News bulletin has been issued by Jordan Kuwait Bank’s Private Banking Unit for your personal use for information purposes only and should not be considered as an offer or the solicitation of an offer to buy or sell any investment or security. The information and any views expressed are given as of (01.11.2018) and subject to change . While the information has been obtained from sources believed to be reliable, it makes no guarantee to its accuracy or completeness and it should not be relied on as such. Jordan Kuwait Bank can accept no direct or consequential loss arising from use of this document or its contents at any time. This document may not be reproduced or circulated without the prior written consent of Jordan Kuwait Bank. .
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