Iraq Stock Market Report

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th January 2012).

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

The RSISX index ended the week at ID1,456 / $1,598, -1.5% (weekly change). The number of weekly traded shares was 3.1 bn and the weekly trading volume was ID6.3bn ($5.4mn).

ISX Company Announcements

  • Kurdistan International Bank (BKUI) will resume trading on Jan. 15, 2012. BKUI increased its capital from ID100bn to ID150bn through 50% rights issue. The opening price will be ID2.00 per share with +/- 50% limit for the first session..
  • Iraqi Islamic Bank (BIIB) will resume trading on Jan 15, 2012. BIIB increased its capital from ID51.19bn to ID 102.38bn through 100% rights issue. The opening price will be ID1.00 per share with +/- 50% limit for the first session.
  • Modern Constructions Materials Ind. (IMCM) will resume trading on Jan 15, 2012. IMCM increased its capital from ID3.74bn to ID5.62bn through 50% rights issue. The opening price will be ID0.90 per share with +/- 50% limit for the first session.
  • The Modern for Animal Agricultural Production (AMAP) will resume trading on Jan 15, 2012. AMAP increased its capital from ID0.54bn to ID1.8bn through 200% rights issue and 11.11% bonus issue. The opening price will be ID1.10 per share with +/- 50% limit for the first session.
  • United Bank (BUND) will hold AGM on Feb 5, 2012 to elect new board members.
  • Al-Ameen for Insurance (NAME) will hold AGM on Jan 23, 2012 to elect new board members.

For the full RS Weekly Bulletin in PDF go to:  www.rabeesecurities.com.

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