News Centre

Al Mawared Amman Stock Exchange Weekly Report, 8 May 2017

Date 08/05/2017

ASE closes in red for the 5th week in a row

• Jordanian stocks continued to shed more points this week closing Thursday’s session at 2162.3 points, down by 1.05%, despite a 9.3% WoW increase in average daily trading values as more heavyweights traded ex-dividend during the week including Jordan Telecom (JTEL, -6.52%), Jordan Petroleum (JOPT, -7.08%), Cairo Amman Bank (CABK, -8.56%), Jordan Ahli Bank (AHLI, -3.97%), and Jordan Electric Power (JOEP, -2.62%). 
• On the sectoral front, all sector indices closed the week in red except for the diversified financial services sector (+1.5%) with the services sector recording the biggest loss of 2.85% WTD. 
• Arab Bank (ARBK), The Housing Bank (THBK) and Jordan Phosphate Mines (JOPH), helped partly offset broader market losses for the week after advancing by 1.0%, 1.35% and 12.2% respectively.

Accuity Research Shows 25% Drop In Global Correspondent Banking Relationships Linked To De-risking - De-risking By US And European Banks Driving The Decline

Date 08/05/2017

• Certain geographic regions are being de-risked, leaving local businesses without access to the international financial community
• China prevails as region with highest growth in correspondent banking relationships
• Decline in USD relationships is either indicative of a concentration in relationships or a reduction in USD dominance

Monetary Policy Challenges For Europe: Banking On The Recovery - Speech By Yves Mersch, Member Of The Executive Board Of The European Central Bank, 2017 IIF Spring Membership Meeting, Tokyo, 8 May 2017

Date 08/05/2017

Introduction

The recovery underway in the euro area is spreading by sector and geography and is gathering momentum. Confirmation of a broadly balanced risk outlook is within realistic reach. The extraordinary monetary policy measures introduced since 2014 are bearing fruit. The financial sector has an important role to play in supporting this recovery and ensuring continued resilient growth in the future. My intention today is to give a brief overview of the recovery, before making a few remarks about financial institutions that are relevant to the current situation.

The Middle East Investor Relations Association Signs MOU With The Amman Stock Exchange

Date 08/05/2017

The Middle East Investor Relations Association (MEIRA) signed a Memorandum of Understanding (MOU) with the Amman Stock Exchange on April, 26 during the Arab Federation of Exchange Conference, which took place in Beirut, Lebanon. Alex MacDonald-Vitale, MEIRA Chairman, and Nader Azar, Amman Stock Exchange CEO, signed the agreement to pave the way for future collaboration.

Bats Announces Alternative To Closing Auctions - Bats Market Close Is An End-Of-Day Match Process For Non-Bats Listed Securities - Follows Significant And Persistent Demand From A Broad Range Of Industry Participants

Date 08/05/2017

Bats, a CBOE Holdings, Inc. company, and the second-largest operator of stock exchanges in the United States, announced today that it is proposing to adopt a new, competitively priced alternative to the primary market closing auctions that take place at the end of the U.S. equities trading day, subject to regulatory approval.

DFM Company Posts Net Profit Of AED 102.34 Million During The First Quarter Of 2017

Date 08/05/2017

H.E. Essa Kazim underlining key developments of the period:

• Trading value increased 19% to AED 48 Billion and net in-flows of foreign investors reached AED 612 Million
• The launch of Exchange-Traded Funds (ETFs) Platform as well as the technology overhaul plan in cooperation with NASDAQ
• Plans to introduce Central Counterparty (CCP) clearing as part of all-inclusive development of post-trade services
• The launch of Hedging Standard reinforces Dubai’s position as the Capital of Islamic Economy globally
• The inauguration of “Smart Trading Floor” with numerous innovative services 

Abu Dhabi Global Market Kicks Start 2017 Global Citi® Tech For Integrity Challenge In Abu Dhabi

Date 08/05/2017

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is poised to kick-off the 2017 Citi® Tech for Integrity Challenge (T4I) Demo Day series with the first group of finalists in Abu Dhabi next week on May 15th, 2017.

Rising Equity Turnover At The Vienna Stock Exchange In April 2017

Date 08/05/2017

In April, trading volumes at the Vienna Stock Exchange grew by almost 30% year-on-year (April 16: EUR 4.05 billion; April 2017: EUR 5.26 billion). Elections in France pushed trading volumes especially on Monday, April 24, showing a daily equity turnover of EUR 435 million. Year-to-date the Vienna Stock Exchange recorded a 10.8% increase in trading volumes (Jan-Apr 16: EUR 19.76 billion; Jan-Apr 17: EUR 21.88 billion). 

Dubai Financial Services Authority Hosts 3rd Annual Supervision Outreach Session

Date 08/05/2017

The Dubai Financial Services Authority (DFSA) held its 3rd Annual Supervision Outreach Session last week, in conjunction with the Compliance Officers Networking Group (CONG), to discuss the latest trends and developments in the financial sector. 

JPX Monthly Headlines - April 2017

Date 08/05/2017

JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users. 

Every month, we showcase the highlights of these efforts in short and concise summaries just for you.