Iraq Stock Market Report


Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2019).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD672 (+2.2%) / $723 (+2.0%) (weekly change) (+2.0% and +1.8% YTD change, respectively). The number of week traded shares was 3.5 bn and the weekly trading volume was IQD1.3 bn ($1.1 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,314,321 on Sunday (Jan. 13, 2019). [Table: 1.9]
  • ISX will suspend trading of Ahliya for Insurance (NAHF) starting Jan. 16, 2019 due to the AGM* that will be held on Jan. 21, 2019 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of Bain Al-Nahrain Investment (VMES) starting Jan. 13, 2019 due to the AGM* that will be held on Jan. 16, 2019 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of the following companies on Jan. 13, 2019 due to not disclosing their 3M18 financial results: BASH, HISH, SKTA, HASH, IICM, ITLI, IELI, IMPI, IHFI, IMCM, IFCM, IKHC, SBAG, SIGT and VKHF.
  • Babylon Hotel (HBAY) invited its shareholders on Jan. 9, 2019 to receive their 2016 cash dividend. The company decided in its AGM on Nov. 19, 2017 to distribute 20% cash dividend (IQD0.20 dividend per share).
  • ISX suspended trading of Commercial Bank of Iraq (BCOI) starting Jan. 8, 2019 due to the AGM* that will be held on Jan. 13, 2019 to discuss and approve 2017 annual financial results.
  • Iraqi Agricultural Products and Marketing Meat (AIPM) resumed trading on Jan. 7, 2019 after discussing and approving 2017 annual financial results.
  • Dar Al-Salam for Insurance (NDSA) invited its shareholders to subscribe to 40% rights issue to reach IQD7 bn paid-in capital.

Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd January 2019).

Please click here to download a table of listed companies and their associated ticker codes.

Note: ISX will be closed on Sunday (Jan. 6, 2019) due to the official holiday of Iraqi Army Day. The next trading session will be held on Monday (Jan. 7, 2019).

The RSISX index ended the week at IQD658 (-0.2%) / $709 (-0.2%) (weekly change) (-0.2% and -0.2% YTD change, respectively). The number of week traded shares was 1.4 bn and the weekly trading volume was IQD0.8 bn ($0.7 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) was IQD5,303,562 on Jan. 3, 2019. [Table: 2.3]
  • ISX will suspend trading of Bain Al-Nahrain Investment (VMES) starting Jan. 13, 2019 due to the AGM* that will be held on Jan. 16, 2019 to discuss and approve 2017 annual financial results.
  • Al -Hilal Industries (IHLI) will hold a GA on Jan. 9, 2019 to elect 5 board members and other 5 alternative members. The company has been suspended since Jul. 4, 2018 by an ISC decision for not disclosing 2017 annual financial results and 3M18 and 6M18 financial results.
  • Iraqi Agricultural Products and Marketing Meat (AIPM) will resume trading on Jan. 7, 2019 after discussing and approving 2017 annual financial results.
  • ISX will suspend trading of Ready-Made Clothes (IRMC) on Jan. 7, 2019 if the company fails to explain why the prices touched the lower limits on Jan. 2, 2019 and Jan. 3, 2019.
  • Iraqi Agricultural Products (AIRP) resumed trading on Jan. 3, 2019 after discussing and approving 2017 annual financial results and deciding to distribute 40% cash dividend (IQD0.40 dividend per share, 4.5% dividend yield).
  • National Chemical & Plastic Industries (INCP) resumed trading on Jan. 2, 2019 after discussing and approving 2017 annual financial results.
  • Al-Hamraa for Insurance (NHAM) completed its capital increase procedures from IQD5.0 bn to IQD7.0 bn through 40% bonus issue.

Iraq Stock Market closes year 15% Down

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th December 2018).

Please click here to download a table of listed companies and their associated ticker codes.

Note: ISX will be closed during December 25, 2018 – January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019.

The RSISX index ended the week at IQD659 (-1.5%) / $710 (-1.5%) (weekly change) (-18.7% and -15.0% YTD change, respectively). The number of week traded shares was 1.5 bn and the weekly trading volume was IQD0.9 bn ($0.7 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,293,699 on Wednesday (Jan. 2, 2019). [Table: 2.3]
  • Erbil Bank for Investment and Finance (BERI) will resume trading on Jan. 2, 2019 due to disclosing 6M18 financial results.
  • AL- Kindi of Veterinary Vaccines Drugs (IKLV) resumed trading on Dec. 23, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 3.1% dividend yield).
  • ISX suspended trading of Iraqi Agricultural Products (AIRP) starting Dec. 23, 2018 due to the AGM* that will be held on Dec. 27, 2018 to discuss and approve 2017 annual financial results.

Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2018).

Note: ISX will be closed during December 26, 2018 – January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019.

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD669 (+0.1%) / $721 (-0.5%) (weekly change) (-17.5% and -13.7% YTD change, respectively). The number of week traded shares was 26.6 bn and the weekly trading volume was IQD10.7 bn ($8.9 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,291,507 on Sunday (Dec. 23, 2018). [Table: 2.3]
  • AL- Kindi of Veterinary Vaccines Drugs (IKLV) will resume trading on Dec. 23, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 3.1% dividend yield). The opening price will be IQD1.24 with +/-10% change.
  • ISX will suspend trading of Iraqi Agricultural Products (AIRP) starting Dec. 23, 2018 due to the AGM* that will be held on Dec. 27, 2018 to discuss and approve 2017 annual financial results.
  • ISX suspended trading of Iraqi Agricultural Products and Marketing Meat (AIPM) starting Dec. 19, 2018 due to the AGM* that will be held on Dec. 24, 2018 to discuss and approve 2017 annual financial results.
  • Middle East Producing & Marketing Fish (AMEF) resumed trading on Dec. 18, 2018 after discussing and approving the financials of the year ending Mar. 31, 2018 and deciding to distribute 20% cash dividend (IQD0.2 dividend per share, 2.05% dividend yield).
  • ISX suspended trading of National Chemical & Plastic Industries (INCP) starting Dec. 18, 2018 due to the AGM* that will be held on Dec. 23, 2018 to discuss and approve 2017 annual financial results.
  • Asiacell (TASC) announced that the company would start distributing 100% cash dividend (IQD1.00 dividend per share) starting Dec. 18, 2018.
  • Cross Transactions: 24.7 bn shares of Trust International Islamic Bank (BTRU) on Dec. 19, 2018, which represents 9.9% of BTRU capital.

Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2018).

Note: ISX will be closed during December 26, 2018 – January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019.

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD668 (+2.2%) / $717 (+2.2%) (weekly change) (-17.6% and -14.2% YTD change, respectively). The number of week traded shares was 15.7 bn and the weekly trading volume was IQD7.8 bn ($6.4 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,283,836 on Sunday (Dec. 16, 2018). [Table: 2.3]
  • ISX will suspend trading of Commercial Bank of Iraq (BCOI) starting Jan. 8, 2019 due to the AGM* that will be held on Jan. 13, 2019 to discuss and approve 2017 annual financial results.
  • Iraqi Land Transport (SILT) will hold a GA on Dec. 26, 2018 to discuss dismissal of the current board of directors and re-elect 5 original and 5 alternative members. The company has been suspended trading by an ISC decision since Aug. 6, 2017 for not disclosing 2016 and 2017 annual financial results and 3M18 financial results.
  • ISX will suspend trading of Iraqi Agricultural Products (AIRP) starting Dec. 23, 2018 due to the AGM* that will be held on Dec. 27, 2018 to discuss and approve 2017 annual financial results.
  • Mansour Hotel (HMAN) resumed trading on Dec. 13 after discussing and approving 2017 annual financial results and deciding to distribute 15% cash dividends (IQD0.15 dividend per share, 1.3% dividend yield).
  • Al-Mosul for Funfairs (SMOF) resumed trading on Dec. 12, 2018 after discussing and approving 2015, 2016 and 2017 annual financial results.
  • The Light Industries (ITLI) will hold an AGM* on Dec. 27, 2018 to discuss and approve 2014, 2015 and 2016 annual financial results. The company has been suspended since Jul. 13, 2016.
  • National Islamic Bank (BNAI) resumed trading on Dec. 11, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 3.8% dividend yield).
  • Cross Transactions: 294.7 mn shares of Asia Al Iraq Islamic Bank (BAIB) on Dec. 13, 2018, which represents 0.3% of BAIB capital. 11.03 bn shares of Iraqi Islamic Bank (BIIB) on Dec. 12, 2018, which represents 4.4% of BIIB capital. 592 mn shares of Al-Nobles for Money Transfer (MTNO) on Dec. 11, 2018, which represents 1.3% of MTNO capital.

Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th December 2018).

Note: ISX will be closed on Monday (Dec. 10, 2018) due to the anniversary of the victory against ISIS. The next trading session will be on Tuesday (Dec. 11, 2018).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD654 (+0.6%) / $701 (+0.1%) (weekly change) (-19.4% and -16.1% YTD change, respectively). The number of week traded shares was 3.9 bn and the weekly trading volume was IQD3.0 bn ($2.5 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,276,164 on Sunday (Dec. 9, 2018). (Table: 2.3)
  • ISX will suspend trading of Iraqi Agricultural Products and Marketing Meat (AIPM) starting Dec. 19, 2018 due to the AGM* that will be held on Dec. 24, 2018 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of National Chemical & Plastic Industries (INCP) starting Dec. 18, 2018 due to the AGM* that will be held on Dec. 23, 2018 to discuss and approve 2017 annual financial results.
  • Al-Ahlyia for Agricultural Production (AAHP) resumed trading on Dec. 5, 2018 after discussing and approving the financial results of the year ending Mar. 31, 2018 and deciding to distribute 2.55% cash dividends (IQD0.0255 cash dividend per share, 2.1% dividend yield).
  • ISX suspended trading of Al-Mosul for Funfairs (SMOF) starting Dec. 4, 2018 due to the AGM* that will be held on Dec. 9, 2018 to discuss and approve 2015, 2016 and 2017 annual financial results.
  • ISX suspended trading of National Islamic Bank (BNAI) starting Dec. 2, 2018 due to the AGM* that was held on Dec. 4, 2018 to discuss and approve 2017 annual financial results.
  • Baghdad Hotel (HBAG) announced that the company started to distribute 44% cash dividend (0.44% dividend per share) from 2017 profit starting Dec. 2, 2018.
  • Cross Transactions: 1.38 bn shares of Asia Al Iraq Islamic Bank for Investment (BAIB) on Dec. 3, Dec. 4 and Dec. 5, 2018, which represent 1.38% of BAIB capital.

Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th November 2018).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD650 (-2.0%) / $697 (-2.0%) (weekly change) (-19.9% and -16.6% YTD change, respectively). The number of week traded shares was 3.7bn and the weekly trading volume was IQD2.5bn ($2.0mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,268,493 on Sunday (Dec. 2, 2018). (Table: 2.3)
  • ISX will suspend trading of AL-Kindi of Veterinary Vaccines Drugs (IKLV) starting Dec. 16, 2018 due to the AGM* that will be held on Dec. 19, to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of National Islamic Bank (BNAI) starting Dec. 2, 2018 due to the AGM* that will be held on Dec. 4, 2018 to discuss and approve 2017 annual financial results.
  • Asiacell (TASC) resumed trading on Nov. 29, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 100% cash dividend (IQD1.00 dividend per share, 12.0% dividend yield).
  • Al Janoob Islamic Bank (BJAB) resumed trading on Nov. 29, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 0.83% cash dividend (IQD0.0083 dividend per share).
  • ISX suspended trading of Mansour Hotel (HMAN) starting Nov. 28, 2018 due to the AGM* that will be held on Dec. 3, 2018 to discuss and approve 2017 annual financial results.
  • Elaf Islamic Bank (BELF) resumed trading on Nov. 27, 2018 after discussing and approving 2017 annual financial results.
  • ISX requested Metallic & Bicycles Industries (IMIB) to provide its AGM minutes for being able to resume trading on the ISX.
  • Cross Transactions: 920 mn shares of Asia Al Iraq Islamic Bank for Investment (BAIB) on Nov. 28 and Nov. 29, 2018, which represent 0.92% of BAIB capital.

Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd November 2018).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD663 (-0.14%) / $711 (-0.02%) (weekly change) (-18.3% and -14.9% YTD change, respectively). The number of week traded shares was 1.7bn and the weekly trading volume was IQD1.1bn ($0.9mn).

ISX Company Announcements

  • The second issued national bonds started trading on Nov. 21, 2018 on the ISX. 350 units of IQD5.0 mn class bonds (CB125) traded and thus total trading volume occurred at IQD1.83 bn. The opening price of the bond was IQD5.22 mn and the bond closed at a price of IQD5.23 mn. (Annual interest of the bond is 8.0% and the bond maturity date is Apr. 2, 2019.) [Table (2.3)]
  • According to ISX announcement, the opening price of the bond (CB125) will be IQD5.260.822 on Nov. 25.
  • ISX will suspend trading of Al-Mosul for Funfairs (SMOF) starting Dec. 4, 2018 due to the AGM* that will be held on Dec. 9, 2018 to discuss and approve 2015, 2016 and 2017 annual financial results.
  • ISX will suspend trading of Middle East Producing & Marketing Fish (AMEF) starting Dec. 2, 2018 due to the AGM* that will be held on Dec. 5 to discuss and approve the financials of the ending year Mar. 31, 2018.
  • ISX will suspend trading of Mansour Hotel (HMAN) starting Nov. 28, 2018 due to the AGM* that will be held on Dec. 3, 2018 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of Ready Made Clothes (IRMC) on Nov. 25, 2018 if the company fails to explain why the prices touched the higher limit on Nov. 21, 2018 and Nov. 22, 2018.
  • Kharkh Tour Amuzement City (SKTA) resumed trading on Nov. 22, 2018 after discussing and approving 2017 annual financial results.
  • ISX suspended trading of Asiacell (TASC) starting Nov. 21, 2018 due the AGM* that will be held on Nov. 26, 2018 to discuss and approve 2017 annual financial results.

Iraq Stock Market Report

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Note: ISX will be closed on Tuesday (Nov. 20, 2018) due to a religious holiday (Birth of the Prophet). The next trading session will be on Wednesday (Nov. 21, 2018).

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th November 2018).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD664 (+1.6%) / $711 (+1.6%) (weekly change) (-18.1% and -14.9% YTD change, respectively). The number of week traded shares was 49.2 bn and the weekly trading volume was IQD18.3 bn ($15.1 mn).

ISX Company Announcements

  • ISX will suspend trading of Asiacell (TASC) starting Nov. 20, 2018 due the AGM* which will be held on Nov. 26, 2018 to discuss and approve 2017 annual financial results.
  • The national bonds owned by Al-Kindi of Veterinary Vaccines Drugs (IKLV) will start trading on the ISX on Nov. 18, 2018. The total number of the bonds that will start trading is 350 and each of them are from IQD5,000,000 category (ISX ticker: CBI25). Opening price for each bond will be IQD5,252,945 (IQD5,000,000 (price of the bond) + IQD252,945 (interest)) with +/-5% price change limit, and thus, the total value of the bonds that will start trading be IQD1,838,530,750 (350 X IQD5,252,945). Annual interest of the bond is 8% and the bond maturity date is Apr. 2, 2019.
  • Original shares of Dar Al-Salam for Insurance (NDSA) will resume trading on Nov. 18, 2018 after deciding to increase the capital from IQD5.0 bn to IQD7.0 bn through 40% rights issue. The opening price will be IQD0.64 with +/-50% price change limit for the first session and after that, price will be able to change with +/-20% limit per day.
  • Palastine Hotel (HPAL) will resume trading on Nov. 18  due to disclosing 2017 annual financial results.
  • The National Bank of Iraq (BNOI) signed a trade finance agreement on Tuesday with the International Finance Corporation (IFC), a member of the World Bank Group, to help the bank’s client businesses access global markets, boosting trade and spurring economic growth. In addition, a Memorandum of Understating (MOU) was also signed between the two parties whereby the IFC will provide NBI with support related to the field of Corporate Governance. (BNOI Website)
  • Baghdad Hotel (HBAG) resumed trading Nov. 13, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 44% cash dividend (0.44% dividend per share, 4.9% dividend yield).
  • Cross Transactions: 44.6 bn shares of Zain Al-Iraq Islamic Bank (BZII) on Nov. 14, 2018, which represents 17.8% of BZII capital.

Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th November 2018).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD654 (-1.3%) / $700 (-1.3%) (weekly change) (-19.4% and -16.2% YTD change, respectively). The number of week traded shares was 32.8 bn and the weekly trading volume was IQD14.8 bn ($12.2 mn).

ISX Company Announcements

  • ISX will suspend trading of Al-Ahlyia for Agricultural Production (AAHP) starting Nov. 20, 2018 due to the AGM* which will be held on Nov. 27, 2018 to discuss and approve the financial results of the ending year Mar. 31, 2018.
  • Iraqi Carton Manufactories (IICM) will hold an AGM* on Nov. 15 to discuss and approve 2016 annual results. IICM has been suspended since Aug. 6, 2017 for not disclosing 2016 and 2017 annual financial results.
  • Iraqi Islamic Bank (BIIB) invited its shareholders to visit the company’s headquarter starting Nov. 11, 2018 to receive their cash dividend.
  • Ready Made Clothes (IRMC) resumed trading on Nov. 8, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 5% cash dividend (IQD0.05 dividend per share, 0.6% dividend yield) in its AGM which was held on Nov.5, 2018.
  • ISX suspended trading of Dar Al-Salam for Insurance (NDSA) starting Nov. 8 due to the AGM* which will be held on Nov. 13, 2018 to discuss increasing the capital from IQD5 bn to IQD7 bn through 40% rights issue.
  • Metallic & Bicycles Industries (IMIB) will hold a GA on Nov. 25, 2018 to discuss the company’s investment contracts as well as electing 4 new original and alternative board members. The company has been suspended from trading since Aug. 8, 2018 for not disclosing 2017 annual financial results.
  • Cross Transactions: 24.7 bn shares of Zain Al-Iraq Islamic Bank for Investment (BZII) on Nov. 6, 2018, which represents 9.9% of BZII capital. 3.7 bn shares of International Development Bank (BIDB) on Nov. 4, 2018, which represents 1.5% of BIDB capital.