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Al Mawared Brokerage Amman Stock Exchange Weekly Report, 17 July 2017

Date 17/07/2017

Market News

  • Foreign currency deposits at Jordanian banks increased by 4.5% during the first five months of this year compared to the same period last year, while total deposits decreased by 1.5%. Foreign currency deposits stood at JD 7.219 billion, increasing from JD 6.93 billion (a net positive of JD 287.6 million). Foreign currency deposits at Jordanian banks account for 22.2% of total deposits at end of May 2017, compared to 21% for the same period last year. (Al Ghad)
  • Loans granted by Jordanian banks increased by JD 863 million during the first five months of this year compared to the same period last year to reach JD 23.768 billion; an increase of 3.7%. (Al Ghad)
  • Jordan welcomed an agreement between the Palestinian Authority and Israel regarding the Red Sea – Dead Sea canal, a World Bank-sponsored project that aims to build a 200 km pipeline from the Red Sea to the Dead Sea with desalination and power generation plants along the way. (Jordan Times)
  • Central Bank of Jordan reports that remittances sent to Jordan by Jordanians working abroad during the first five months of this year amounted to JD 1.05 billion, a JD 17 million increase over the same period last year. (Jordan Times)
  • Tourism receipts increased by 14.5% to $ 2.1 billion during the first half of this year, compared to the same period last year. The number of tourists by 9.9%. (Al Ghad)
  • ASE stated that shares of listed companies that miss the deadline for disclosure of financial results for H1 2017 will be suspended from trading until such disclosure requirement is met.

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