DATE: July. 18. 2019

ISSUE: 3053

Currencies against USD

 The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet EUR 1.1237 program, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defense system last week. The first parts of the S-400 air defense GBP 1.2484 system were flown to the Murted military air base northwest of Ankara on Friday, sealing NATO ally Turkey’s deal with Russia, which Washington had struggled for months to prevent. JPY 107.73 (Reuters) CHF 0.985  The EU’s chief Brexit negotiator said in an interview to be published on Thursday that he was unimpressed by threats of no-deal Brexit but that if the United Kingdom opted for such a AUD 0.7034 course it would have to face the consequences. Asked by the BBC what would happen if Lon- don tore up its EU membership card, Michel Barnier said: “The UK will have to face the conse- NZD 0.6736 quences.” (Reuters) CAD 1.3051

World Markets Global News Major Commodities

Index Value % Change Asian share markets faltered on Thursday as Wall Oil 63.66 Street stocks dropped on early signs that the U.S.- Gold 1421.479 DOW 27220 -0.42 China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Silver 16.0994 NASDAQ 8185.2 -0.46 Treasuries. MSCI’s broadest index of Asia-Pacific shares outside Japan retreated 0.3%, while ’s S&P 500 2984.4 -0.65312 benchmark Nikkei skidded 2.0%, its biggest one-day Platinum 848.5695 fall in four months. (Reuters) CAC 40 5571.7 -0.68 U.S. homebuilding fell for a second straight month DAX 12218 -1 in June and permits dropped to a two-year low, sug- gesting the housing market continued to struggle de- Three Month LIBOR FTSE 100 7535.5 -0.55 spite declining mortgage rates. The Commerce De- partment report on Wednesday also showed housing USD 2.3025 BOVESPA 103856 0.08 completions at a six-month low and a modest increase in the number of homes under construction, indica- EUR -0.40114 MXX (IPC) 42552 -1.25 tions that an inventory squeeze that has haunted the market could persist for a while. Weak housing and JPY -0.07833 NIKKEI 225 21046 -1.97 manufacturing are holding back the economy, offset- ting strong consumer spending. (Reuters) CHF -0.7478 SHANGHAI 2901.2 -1.04 GBP 0.7665 S&P/ASX 200 6649.1 -0.36

Index Value % Change Regional News 5080.7 3.53 Egypt’s primary budget surplus registered EGP Helpful Hints Dubai 2716.1 -1.93 104 billion, or 2% of the country’s gross domestic product (GDP), during fiscal year 2018/2019, the Mid- Saudi Arabia 9075.6 -0.34 dle East (MENA) reported, citing prime Gearing: minister Mostafa Madbouly as saying on Wednesday. 6121.03 -0.26 The total budget deficit fell to 8.2% of GDP in Gearing refers to the relation- FY18/19, lower than the planned 8.4%, Madbouly 1538.7 0.06 ship, or ratio, of a company's added. (Zawya) debt to equity. Gearing shows Qatar 10569 -0.42 the extent to which a firm's oper- The UAE registered an impressive 18 percent growth ations are funded by lenders Oman 3748 0.15 in online job postings compared to the same period versus shareholders—in other last year, representing the highest growth in the re- words, it measures a company’s Egypt 1287.8 0.43 gion, according to the latest Monster Employment financial leverage. When the Index, MEI. In a clear sign that the UAE Government’s proportion of debt to equity is Palestine 527.06 -0.16 Education 2020 strategy is beginning to bear fruit, great, then a business may be growth in online recruitment across the UAE was led thought of as being highly Lebanon 838.62 -0.01 by the ‘Education’ sector, which saw an increase of 19 geared, or highly leveraged. percent from Q2 2018. The UAE allocated USD 2.8 Tunisia 7254.1 -0.11 billion to education in 2018, representing 20 percent of the federal budget. (Zawya) Morocco 11430 -0.7 DATE: July. 18. 2019

ISSUE: 3053

L OCAL NEWS

Top 3 most active traded stocks in terms of JOD The head of the committee, MP Nidal Taani, voiced the Lower House's appreciation for the government's decision to Symbol Closing Price Change % Volume JOD upgrade diplomatic ties with Qatar, the News Agency, Petra, reported. Safadi briefed the committee members on the latest regional developments, explaining that Jordan is DERA 0.88 -2.22 6,096,571 dealing with all regional issues based on its national con- EXFB 0.98 1.03 405,100 stants and unaltered stances, according to Petra. Reempha- sising the centrality of the Palestinian cause, Safadi reiterated RUMM 0.73 0 405,100 Jordan's support to Palestinians' legitimate rights to freedoms and to an independent state on the pre-1967 borders with East Jerusalem as its capital, Petra reported. (Jordan Times)

Deputising for Her Majesty Queen Rania, Minister of Social Top 3 most active traded stocks Development Basma Ishaqat on Wednesday inaugurated the Bint Bladi Expo in support of productive Jordanian women. Symbol Closing Price Change % Volume JOD “We seek to enhance the performance of Jordanian women to manage their own projects and continue with their produc- JOPT 3.18 0.95 58,457 tive activities,” Ishaqat said in a statement carried by the Jordan News Agency, Petra. The expo fell under the Royal ENTK 0.89 -1.11 41,560 Directives to establish a productive state by providing women with a platform to showcase their products to potential do- JOPI 0.85 1.16 5,205 nors, according to Petra. The expo targets women from across the Kingdom to offer them a free-of-charge space to present their products at the largest exhibition of its kind. Organisers said that the four-day exhibition also aims at cre- ating investment opportunities for women, according to Petra. 3 Biggest Gainers Around 1,700 women working in fashion, textile, foodstuff and handicraft sectors will be participating in the Bint Bladi fair. Symbol Closing Price Change % Volume JOD (Jordan Times)

CARD 0.15 7.14 225,165 Prime Minister Omar Razzaz on Wednesday met a delega- tion of Turkish businesspeople who are visiting the Kingdom ASAS 0.18 5.88 111,800 as part of enhancing economic and investment ties between the two countries. The meeting, held at the Prime Ministry, SECO 0.19 5.56 407,706 discussed means to enhance Jordanian-Turkish cooperation in the investment and commercial exchange fields, as well as benefitting from available opportunities in each country. (Jordan Times) 3 Biggest Decliners Trading value for Wednesday 17/07/2019 reached JD(10.8) Symbol Closing Price Change % Volume JOD million. (9.9) million shares were traded through (2,228). The MHFZ 0.76 -5 27,551 shares price index closed at (1878.37) point, an increase of (0.35%) The shares of (105) companies were traded, the VFED 1.14 -5 10,300 shares prices of (41) companies rose, and the shares prices of (34) declined. (ASE) AMAL 0.76 -5 37,550

For more DETAILED information ABOUT THE 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 (18.07.2019) 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.