Iraq Stock Market Report

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th June 2014).

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

The RSISX index ended the week at ID1,727 (-1.4%)/ $1,853 (-2.0%) (weekly change) (-8.7% and -8.5% YTD change, respectively). The number of week traded shares was 111.9bn and the weekly trading volume was ID113.6bn ($93.9mn).

ScreenHunter_685 Jun. 23 10.52

ISX Company Announcements

  • Mamoura Real Estate (SMRI) will hold its AGM* on July 6, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD15.010bn to IQD18.012bn through 20% rights issue. ISX will suspend trading of SMRI starting on Jun. 29, 2014.
  • Ashur International Bank (BASH) will hold its AGM* on July 2, 2014 to discuss and approve 2013 annual financial results and distributing 6% cash dividend. ISX will suspend trading of BASH starting on Jun. 25, 2014.
  • Baghdad Hotel (HBAG) will hold its AGM* on July 1, 2014 to discuss and approve 2013 annual financial results. ISX will suspend trading of HBAG starting on Jun. 24, 2014.
  • Original shares of Kurdistan Int. Bank (BKUI) resumed trading on June 19, 2014 after they discussed and approved 2013 financial results, increasing its capital from IQD300bn to IQD400bn through 33.3% bonus issue and elect new board members.
  • Gulf Commercial Bank (BGUC) will hold its AGM* on June 26, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD250bn to IQD300bn through 2% rights and 18% bonus issues. ISX suspended trading of BGUC starting on Jun. 19, 2014.
  • North Bank (BNOR) will hold its AGM* on June 26, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD265bn to IQD300bn through 13.2% bonus issue. ISX suspended trading of BNOR starting on Jun. 19, 2014.
  • Baghdad Soft Drinks (IBSD) held its AGM* on Jun. 19, 2014. In its GA, IBSD approved distributing 5% cash dividend (IQD0.05 per share).
  • Iraqi for General Transp. (SIGT) held its AGM* on June 18,2014 to discuss 2009 & 2010 annual financial results and increasing its capital from IQD1.5bn to IQD3.9bn through 160% bonus issue.
  • National Bank of Iraq (BNOI) will hold its AGM* on June 24, 2014 to discuss and approve 2013 annual financial results. ISX suspended trading of BNOI starting on Jun. 17, 2014.
  • New shares of National for Tourist Invest. (HNTI) from the capital increase to IQD5.43bn through 53% bonus issue resumed trading on June 17, 2014.
  • A cross transaction occurred on IQD102.7bn Gulf Commercial Bank (BGUC) shares on June 16, 2014. This represents 41.1% of BGUC capital. Buyers (Al Janabi Group Companies); Upper East Company for Renewable Technologies, Al-Wehda Company for Media Services, Al-Waseet Company for Media Investments, Babel Company for Aviation Services, Al-Seada Company for Media Services. Sellers; Saad Asim Abboud Al-Janabi, Abdullah Saad Asim Abboud Al-Janabi, Ali Asim Abboud Al-Janabi, Asim Abboud Al-Janabi, Asim Saad  Asim Al-Janabi.
  • Modern Chemical Industries (IMCI) will hold its AGM* on June 20, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD135mn to IQD180mn through 33% bonus issue. ISX suspended trading of IMCI starting on Jun. 15, 2014.
Comments are closed.