News Centre

Al Mawared Amman Stock Exchange Weekly Report - 15 May 2017

Date 15/05/2017

ASE extends losing streak

• Jordanian stocks continued to shed more points this week extending their losing streak into the 6th week in a row. The ASE General Index closed Thursday’s session at 2158.9 points, down by 0.16%, despite a 12.3% WoW increase in average daily trading values. Heavyweights Arab Bank (ARBK, -1.1%), The Housing Bank (THBK, -1.33%), Cairo Amman Bank (CABK, -7.6%), and Jordan Petroleum Refinery (JOPT, -2.44%) weighed on the market while industrial bluechips Arab Potash (APOT) and Al-Eqbal Investment Company (EICO) helped partly offset broader market losses after advancing by 4.10% and 4.12% respectively. 
• On the sectoral front, all sector indices closed the week in red except for the insurance (+0.01%), real estate (+0.57%), & industrial (+1.38%) sectors with the diversified financial services sector recording the biggest loss of 1.83% WTD.

New DTCC White Paper Concludes That Cloud Computing Has Moved Past A Tipping Point Of Maturity - DTCC To Evaluate Opportunities To Strategically Expand The Use Of The Cloud More Broadly Across Its External Services And Applications

Date 15/05/2017

DTCC to evaluate opportunities to strategically expand the use of the cloud more broadly across its external services and applications

FlexTrade Launches FlexAlgoWheel - Next Generation, Intuitive Interface For Systematic Selection Of Algorithms To Optimize Best Execution

Date 15/05/2017

FlexTrade (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced the rollout of FlexAlgoWheel, the next generation, data-driven interface to algo selection that incorporates real-time internal and external inputs as well as TCA to optimize the broker and algo selection process.

NovitasFTCL Advised The Shareholders Of Twigkit On Its Sale To Lucidworks

Date 15/05/2017

Lucidworks, the leader in enterprise search solutions, today announced its acquisition of Twigkit, a software company specializing in user experiences for enterprise-grade search and big data applications. The acquisition is an important step towards Lucidworks’ mission to deliver purpose-built user-driven data applications that give end-users a single access point to aggregated search results.

Abu Dhabi Global Market Introduces First Calibrated Venture Capital Managers Framework In MENA Region

Date 15/05/2017

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has introduced a risk-proportionate regulatory framework for managers of venture capital (VC) funds, the first of such framework in the MENA region. With immediate effect on 15 May 2017, VC managers will not be subject to any base capital requirement or expenditure based capital.

London Stock Exchange: First Bonds List On New International Securities Market

Date 15/05/2017

• NTPC’s 2nd 5-year Masala Bond admitted to International Securities Market (ISM)
• ISM is an exchange-regulated MTF market for primary debt issuance, operating alongside London Stock Exchange plc’s other markets
• Targeted at institutional and professional investors from around the world
• Shri Piyush Goyal, India’s Minister of State for Power, Coal and Renewable Energy supports launch of new debt market
• H.E. Mr. Yashvardhan Sinha, High Commissioner of India to the UK, attends launch

Dubai Financial Services Authority Takes Action Against Senior Executive Officer

Date 15/05/2017

The Dubai Financial Services Authority (DFSA) has accepted an Enforceable Undertaking (EU) from Mr S Ravishankar Naidu, Senior Executive Officer (SEO) at Royal Shield Limited (RSL), an Insurance Intermediary licensed by the DFSA.

GreenKey Technologies And iMarket Communications Announce Interconnection Of Their Network Communities - Create Global Evolutionary Path From Traditional Trading Systems To Collaboration Platforms

Date 15/05/2017

iMarket Communications, a premier telecommunications provider specializing in trader voice and data solutions for the financial, banking and energy industries, and GreenKey Technologies, creator of an artificial intelligence (AI) and voice-driven collaboration tool for financial market participants, today announced an interconnection partnership.  The companies have seamlessly integrated their networks and can now provide end-to-end services to their mutual customers.  This partnership will provide their financial industry users with access to private wire clients using traditional hardware trading turrets (dealerboards).

Foreign Investors Buy 1.87 Billion Dirhams Of Shares In ADX In April - 206 Million Dirhams Net Foreign Investment In ADX In April

Date 15/05/2017

Foreign investors’ buy value in April 2017 reached 1.87 billion Dirhams, representing %56.3 of total shares traded, whereas their sales stood at 1.66 billion Dirhams, representing %50.1 of total shares traded. Subsequently, the net foreign investment in April reached 206 million Dirhams. The institutional investments in April have reached 252.4 million Dirhams.

Dalian Commodity Exchange: Egg Futures Provide “Haven” For Enterprises And Egg Farmers

Date 15/05/2017

Since April the egg prices have dropped sharply as the average price nationwide fell from RMB 2.33 / 500 g on April 8 to RMB 1.93 / 500 g on April 24, representing a decrease of 17.17%. After April 24 the egg prices picked slightly and the average price nationwide stood at RMB 2.02 / 500 g on April 28.