Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2014).
Please click here to download a table of listed companies and their associated ticker codes.
The RSISX index ended the week at ID1,843 (-0.9%)/ $1,958 (-0.9%) (weekly change). The number of week traded shares was 2.9bn and the weekly trading volume was ID4.8bn ($3.9mn).
ISX Company Announcements
- Asiacell’s (TASC) 1Q14 (unaudited) financial results:
P&L (Quarterly) – 1Q14: Sales: IQD512.9bn, -9% y/y, EBITDA: IQD230bn, -19% y/y (EBITDA Margin: 44.9% in 1Q14, decreased from 50.1% in 1Q13), Net Profit: IQD102bn, -34% y/y (Net Profit Margin: 19.9% in 1Q14, decreased from 27.4% in 1Q13). Total customer base increased to 10.8mn by end of 1Q14, up 5% y/y. (Source: Asiacell Q1-2014 Earnings Release)
- Iraqi for Tufted Carpets (IITC) will hold its AGM* on June 15, 2014 to discuss 2013 annual financial results and distributing 25% (IQD0.25 per share) cash dividend. ISX will suspend trading of IITC starting on June 8, 2014.
- Kurdistan Int. Bank (BKUI) will hold its AGM* on June 14, 2014 to discuss 2013 annual financial results, increasing its capital from IQD300bn to IQD400bn through 33.3% bonus issue and electing new board members. ISX will suspend trading of BKUI starting on Jun. 8, 2014.
- ISC has approved (on Wednesday) to extend 15 more days for Iraqi for Seed Production (AISP) for its new shares to resume trading from the capital increase through 15% bonus issue.