Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th February 2014).

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

The RSISX index ended the week at ID1,939 (-0.5%)/ $2,059 (-0.5%) (weekly change). The number of week traded shares was 7.4bn and the weekly trading volume was ID15.1bn ($12.3mn).

ScreenHunter_01 Feb. 10 10.34

ISX Company Announcements

  • 2013 year-end (unaudited) financial results: United Bank (BUND): B/S – FY13 (Assets: IQD759bn, -4% q/q (+7% y/y), Mon. Credit: IQD538bn, +7% q/q (+39% y/y), Deposits: IQD350bn, -5% q/q (+42% y/y), P&L (annual) – FY13 (Profit Before Tax: IQD37.1bn, -34% y/y). P&L (Quarterly) – 4Q13 (Profit Bef. Tax: IQD14.5bn vs. IQD2.1bn Loss Before Tax in 3Q13 (+192% y/y).Credit Bank (BROI): B/S – FY13 (Assets: IQD603bn, -7% q/q (+7% y/y), Mon. Credit: IQD3bn, -1% q/q (-66% y/y), Deposits: IQD381bn, -12% q/q (+7% y/y), P&L (annual) – FY13 (Profit Bef. Tax: IQD13.7bn, -46% y/y). P&L (Quarterly) – 4Q13 (Profit Bef. Tax: IQD5.4bn, +70% q/q (-63% y/y).Ashur Bank (BASH): B/S – FY13 (Assets: IQD356bn, +5% q/q (+33% y/y), Mon. Credit: IQD97bn, +8% q/q (+91% y/y), Dep.: IQD83bn, -29% q/q (+16% y/y), P&L (annual) – FY13 (Profit Bef. Tax: IQD19.2bn, -3% y/y). P&L (Quarterly) – 4Q13 (Profit Bef. Tax: IQD2.4bn, -64% q/q (-21% y/y).Bank of Baghdad (BBOB) published corrected 2013 year-end (unaudited) financial results: B/S – FY13 (Assets: IQD1,765bn, +0.4% q/q (+36% y/y), Monetary Credit: IQD219bn, +14% q/q(+49% y/y), Deposits: IQD1,394bn, -6% q/q (+33% y/y), P&L (annual) – FY13 (Profit Before Tax: IQD38.8bn, +31% y/y). P&L (Quarterly) – 4Q13 (Profit Before Tax: IQD8.4bn, +45% q/q (+19% y/y).
  • Al-Mansour Bank (BMNS) will hold its AGM* on Feb. 25, 2014 to discuss 2013 annual financial results and distributing cash dividend. ISX will suspend trading of BMNS starting on Feb. 18, 2014.
  • Babylon Bank (BBAY) will hold its AGM* on Feb. 15, 2014 to discuss 2012 annual financial results, increasing its capital from IQD150bn to IQD250bn through 3.18% bonus and 63.48% rights issues, distributing cash dividend and electing new board members. ISX will suspend trading of BBAY starting on Feb. 9, 2014.
  • A cross transaction occurred on IQD1.0bn Dar Es Salaam Inv. Bank (BDSI) shares on Feb. 6, 2014 . This represents 0.7% of BDSI capital.
  • Mosul Bank For Investment (BMFI) will hold its AGM* on Feb. 11, 2014 to discuss 2013 annual financial results, increasing its capital through bonus issue and distributing cash dividend. ISX suspended trading of BMFI starting on Feb. 4, 2014.
  • Original shares of AL-Badia for General Trans (SBAG) resumed trading on Feb. 4, after the decision to increase its capital from IQD2.0bn to IQD2.20bn through 10% bonus issue.
  • A cross transaction occurred on IQD172.7mn Asiacell Communications PJSC (TASC) shares on February 3, 2014. This represents 0.1% of TASC capital.
  • A cross transaction occurred on IQD337K Middle East for Production- Fish (AMEF) shares today (February 2, 2014). This represents 0.1% of AMEF capital.
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