Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th October 2012).

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

ID1,441 / $1,558  (+1.1%) (weekly change). The number of week traded shares was 7.9bn and the weekly trading volume was ID13.1bn ($10.9mn).

 

ISX Company Announcements

  • Al-Khaima Financial Investment (VKHA) will hold AGM on October 17, to discuss 2011 financial results, capital increase through 15% bonus issue and the ability of merge with Al-Ayaam Financial Investment (VAYF). ISX will suspend trading of VKHA on October 10, 2012.
  • Original shares of Economy Bank for Investment (BEFI) will resume trading on October 8, after the capital increase from ID100bn to ID150bn through 9% bonus and 41%rights issues. The opening price will be ID1.13 per share with +/- 50% limit for the first session.
  • Original shares of Iraqi Engineering Works (IIEW) will resume trading on October 8, after the capital increase from ID1bn to ID1.5bn through 30% bonus and 20% rights issues. The opening price will be ID1.97 per share with +/- 50% limit for the first session.
  • ISC suspended the trading of Al-Kheir Financial Investment (VKHF) starting from October 3, due to not submission of 2Q2012 financial results.
  • A cross transaction occurred on 775mn Gulf Commercial Bank (BGUC) shares on October 3. This represents 0.6% of BGUC capital.
  • Investment Bank of Iraq (BIBI) obtained the companies registrar approval on the GA alternative decision to increase capital to ID155bn through 14% bonus and 41% rights issues. The rights offering procedures started on October 2, 2012.
  • AL-Nukhba General Contracting (SNUC) will hold AGM on October 7, 2012 to discuss 2011 financial results, distributing cash dividend and capital increase through 24% bonus issue. ISX suspended trading of SNUC starting on September 30.

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

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