Iraq Stock Market Report

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th July 2013).

Note: The Iraqi Government has announced that next Thursday (August 1, 2013) will be a public holiday due to high temperatures. Therefore, ISX will be closed on August 1, 2013.

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

The RSISX index ended the week at ID1,774 (-2.7%) / $1,906 (-1.8%) (weekly change). The number of week traded shares was 6.5bn and the weekly trading volume was ID12.5bn ($10.3mn).

ScreenHunter_01 Jul. 27 15.04

ISX Company Announcements

  • Original shares of Bank of Baghdad (BBOB) will resume trading on July 29, 2013 after the decision to increase its capital from IQD175bn to IQD250bn through 13% bonus and 30% rights issues. The opening price will be IQD1.58 per share with +/- 50% limit for the first session.
  • Original shares of United Bank (BUND) will resume trading on July 29, 2013 after the decision to increase its capital from IQD250bn to IQD300bn through 20% bonus issue. The opening price will be IQD1.35 per share with +/- 50% limit for the first session.
  • Original shares of Sumer Commercial Bank (BSUC) will resume trading on July 29, 2013 after the decision to increase its capital from IQD151bn to IQD187.3bn. The opening price will be IQD1.02 per share with +/- 50% limit for the first session.
  • Original shares of Ready Made Clothes (IRMC) will resume trading on July 29, 2013 after the decision to increase its capital from IQD1.50bn to IQD1.59bn through 6.22% bonus issue. The opening price will be IQD6.54 per share with +/- 50% limit for the first session.
  • Iraqi Engineering Works (IIEW) will resume trading on July 28, 2013. The company has decided to distribute 25% cash dividend (IQD0.25 per share).
  • Ashour Hotel (HASH) will resume trading on July 28, 2013 after the GA’s decision to circulate the IQD41.2mn into accumulated profit.
  • A cross transaction occurred on IQD1.1bn Babylon Bank (BBAY) shares on July 24,2013.
  • Kurdistan Int. Bank (BKUI) will hold its AGM* on July 30, 2013 to discuss 2012 financial statements and profit distribution. ISX suspended trading of BKUI starting on July 23,2013.
  • A cross transaction occurred on 1.0bn Mosul Bank for Investment (BMFI) shares on July 23, 2013.
  • A cross transaction occurred on 182mn Asiacell (TASC) shares on July 22, 2013.
  • Original shares of Ashur International Bank (BASH) resumed trading on July 21, 2013 after the decision to increase its capital from IQD150bn to IQD210bn through 10% bonus and 30% rights issues.

*(Please note that the ex-date for capital increases and dividend distributions is referred to as “Trading-Suspension day” which is normally one week before the GA Meetings.)

2 Responses to Iraq Stock Market Report

  1. JIM August 1, 2013 at 12:02 pm #

    HOW DO THEY PREDICT THE WEATHER ? DANG THERE GOOD