DATE: July. 08. 2020

ISSUE: 3255

Currencies against USD

EUR 1.1287  The United States will leave the World Health Organization on July 6, 2021, the United Nations said on Tuesday, after receiving notification of the decision by President Donald Trump, who GBP 1.2546 has accused the agency of becoming a puppet for China during the coronavirus pandem- ic.Trump, who announced the decision over a month ago, has to give one-year notice of the JPY 107.47 U.S. withdrawal from the Geneva-based body and pay all Washington’s dues under a 1948 joint resolution of the U.S. Congress. The United States currently owes the WHO more than CHF 0.9411 $200 million in assessed contributions, according to the WHO website. (Reuters) AUD 0.6946  The World Health Organization on Tuesday acknowledged “evidence emerging” of the air- borne spread of the novel coronavirus, after a group of scientists urged the global body to NZD 0.6545 update its guidance on how the respiratory disease passes between people. “We have been talking about the possibility of airborne transmission and aerosol transmission as one of the modes of transmission of COVID-19,” Maria Van Kerkhove, technical lead on the COVID-19 CAD 1.3592 pandemic at the WHO, told a news briefing. (Reuters)

World Markets Global News Major Commodities

Index Value % Change The French economy is set to rebound sharply in Oil 43.08 the second half of the year after an unprecedented 25890 -1.51 slump in the first half due to the coronavirus lock- Gold 1797.421 DOW down, INSEE said. The euro zone’s second-biggest economy likely contracted 17% in the second quarter Silver 18.345 NASDAQ 10344 -0.86 from the previous three months, unchanged from a June forecast and already on the heels of a 5.3% Platinum 836.5852 S&P 500 3145.3 -1.08 slump in the first quarter, it said. The economy was set to rebound 19% in the 3rd quarter and a further CAC 40 5043.7 -0.53 3% in the 4th quarter with activity seen 1-6% below pre-crisis levels by December, it added. France’s 12581 -0.28 worst recession since modern records began in 1948 DAX but not as bad as the 11% slump the government Three Month LIBOR 6189.9 -1.53 forecast in its last revision to the 2020 budget. FTSE 100 (Reuters) USD 0.26838 BOVESPA 97761 -1.19 India’s rupee has the backing of a healthier trade EUR -0.42786 account, steady foreign investment inflows and a MXX (IPC) 37837 -0.13 return in global risk appetite, but its gains are being JPY -0.04733 limited by a central bank keen to prevent wild swings NIKKEI 225 22439 -0.78 and build dollar reserves. The Reserve Bank of In- dia’s stated foreign exchange policy has been to only CHF -0.68 SHANGHAI 3403.4 1.74 curb extreme volatility but recent actions suggest it is not letting the local unit appreciate despite its relative GBP 0.12 S&P/ASX 200 5920.3 -1.54 underperformance versus peers. (Reuters)

Index Value % Change Regional News 4341 -0.43 Egypt’s net international reserves increased by Helpful Hints Dubai 2097.9 -0.24 $2.2 billion to $38.201 billion at the end of June, data by the Central Bank of Egypt (CBE) showed on Saudi Arabia 7400.5 0.03 Tuesday. The country’s foreign reserves reached Sharpe Ratio $36.003 billion in May and $37.037 billion in April. It 5138.51 -0.28 The Sharpe ratio was developed is worth mentioning that in May, Egypt secured a by Nobel laureate William F. $2.7 billion loan from the International Monetary 1280.8 0.29 Sharpe and is used to help in- Fund (IMF) under the rapid financing instrument vestors understand the return of (RFI). Moreover, the government also reached a Qatar 9213.2 -0.33 an investment compared to its staff-level agreement with the IMF on a $5.2 billion risk. The ratio is the average Oman 3503.2 0.07 standby loan. (Zawya) return earned in excess of the risk-free rate per unit of volatility Egypt 1062.5 0.21 Unemployment among Saudi Arabian citizens in or total risk. Volatility is a meas- the 1st quarter fell below 12% for the first time in 4 ure of the price fluctuations of Palestine 467.04 -0.63 years, official figures released showed, but they did an asset or portfolio. not capture the impact of the coronavirus crisis. Un- Lebanon 604.37 -0.88 employment fell to 11.8% from 12% the previous quarter, the General Authority for Statistics Tunisia 6567.6 -0.06 said."Data in these statistics do not yet reflect the impact of COVID-19 crisis as they were collected Morocco 10226 0.21 early in the 1st quarter,". (Zawya) DATE: July. 08. 2020

ISSUE: 3255

L o c a l n e w s

His Majesty King Abdullah on Tuesday commended the Top 3 most active traded stocks in terms of JOD measures taken by the Central Bank of (CBJ) to miti- gate the impact of the coronavirus disease (COVID-19) crisis Symbol Closing Price Change % Volume JOD on the national economy. During a visit to the CBJ, King Ab- dullah said the measures helped the private sector weather VFED 0.89 -4.3 119,513 the challenges of the COVID-19 pandemic, especially on small- and medium-size enterprises (SMEs), according to a JOPH 2.71 1.5 109,115 Royal Court statement. Speaking at a meeting attended by Prime Minister Omar Razzaz, His Majesty praised the CBJ’s TAJM 0.31 0 111,099 role in maintaining monetary and financial stability and sup- porting economic growth in Jordan, as well as its success in strengthening the resilience and safety of Jordan’s banking system. (Jordan Times)

Top 3 most active traded stocks The Kingdom will resume importing Iraqi crude oil within the next two days, Energy Minister Hala Zawati announced on Symbol Closing Price Change % Volume JOD Tuesday. Iraq had suspended oil exports to Jordan after oil prices dropped to less than $20 per barrel. Zawati said that TAJM 0.31 0 370,285 negotiations with Iraq during the last period have been “positive”, which led to the resumption of Iraqi crude oil im- JOBT 2.78 0.72 274,957 ports to the Kingdom, the Jordan , Petra, report- ed. In 2006, and signed a memorandum of JOIB 2.60 0.78 234,296 understanding (MoU), under which Jordan would import Iraqi crude oil daily with a discount of $18 from the price of Brent crude per barrel, provided that the Kingdom bears the cost of transport between Kirkuk and Zarqa. A new memo was signed 3 Biggest Gainers in 2019 that resembled the old agreement but dropped the discount from $18 to $16.. (Jordan Times)

Symbol Closing Price Change % Volume JOD The foreign ministers of Jordan, Egypt, France and Ger- many on Tuesday urged Israel to abandon plans to begin JOST 0.22 4.76 219,001 annexing settlements in the West Bank, warning such an action could have "consequences" for relations. "We concur ATCO 0.67 4.69 169,282 that any annexation of Palestinian territories occupied in 1967 would be a violation of international law and imperil the foun- DERA 0.80 3.90 50,000 dations of the peace process," the ministers said in a state- ment after a joint video conference as reported by AFP. For- eign Minister Ayman Safadi said that the Kingdom's efforts to stop the annexation plans and realise a comprehensive and 3 Biggest Decliners just peace are “endless and continuous”. Safadi added that Amman is coordinating with Arab and international players to Symbol Closing Price Change % Volume JOD formulate an international stance rejecting the annexation, according to a Foreign Ministry statement. (Jordan Times)

JOIR 0.13 -7.14 20,467 Trading value for Tuesday 07/07/2020 reached JD(17.0) million. (25.3) million shares were traded through (1,689). FRST 0.19 -5 10,150 The shares price index closed at (1586.28) point, an increase of(0.19%). (ASE) INMA 0.20 -4.76 8,900

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