Iraq Stock Market Report

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th July 2014).

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

The RSISX index ended the week at ID1,502 (-1.1%)/ $1,604 (-1.0%) (weekly change) (-19.5% and -19.2% YTD change, respectively). The number of week traded shares was 38.6bn and the weekly trading volume was ID66.5bn ($54.7mn).

ScreenHunter_773 Jul. 07 11.39

ISX Company Announcements

  • Gulf Commercial Bank (BGUC) 2Q14 (unaudited) financial results:

B/S – 2Q14: Assets: IQD855bn, +5% q/q (+9% ytd), Monetary Credit: IQD265bn, -3% q/q (-8% ytd), Cash: IQD436bn, +12% q/q (+18% ytd),  Deposits: IQD493bn, +6% q/q (+18% ytd), BV: IQD331bn, +1% q/q (+9% ytd). P&L – 2Q14: Estimated NBI: IQD15.9bn, -3% q/q (+13% y/y), Operating Profit: IQD12.5bn, -4% q/q (+10% y/y), Profit Before Tax: IQD13.1bn, -6% q/q (-3% y/y). P&L – 6M14: Estimated NBI: IQ32.3bn, +3% y/y, Operating Profit: IQD25.5bn, -2% y/y, Profit Before Tax: IQ27.0bn, -7% y/y.

  • Investment Bank (BIBI) 2Q14 (unaudited) financial results:

B/S – 2Q14: Assets: IQD692bn, +3% q/q (+24% ytd), Monetary Credit: IQD211bn, -3% q/q (-18% ytd), Cash: IQD426bn, +1% q/q (+70% ytd), Deposits: IQD364bn, +3% q/q (+20% ytd), BV: IQD322bn, +2% q/q (+57% ytd). P&L – 2Q14: Estimated NBI: IQD15.6bn, +23% q/q (+66% y/y), Operating Profit: IQD12.9bn, +20% q/q (+75% y/y), Profit Before Tax: IQD12.6bn, +22% q/q (+92% y/y). P&L – 6M14: Estimated NBI: IQ28.3bn, +54% y/y, Operating Profit: IQD23.7bn, +61% y/y, Profit Before Tax: IQ22.9bn, +70% y/y.

  • Bank of Baghdad (BBOB) will hold its AGM* on July 23, 2014 to discuss and approve 2013 annual financial results and elect new board members. ISX will suspend trading of BBOB starting on Jul. 16, 2014.
  • Shares of Ashur International Bank (BASH) will resume trading on July 13, 2014 after they discussed and approved 2013 financial results and distributing 6% (IQD0.06 per share) cash dividend. The opening price will be IQD0.80 per share with +/- 10% limit for the first session.
  • Iraqi Middle East Bank (BIME) will hold its AGM* on July 19, 2014 to discuss and approve 2012 and 2013 annual financial results. ISX will suspend trading of BIME starting on July 13, 2014.
  • Shares of Baghdad Hotel (HBAG) resumed trading on July 10, 2014 after they discussed and approved 2013 financial results.
  • A cross transaction occurred on IQD29.7bn Kurdistan Int. Bank (BKUI) shares on July 10, 2014. This represents 7.4% of BKUI capital.
  • Original shares of Gulf Commercial Bank (BGUC) resumed trading on July 9, 2014 after they discussed and approved 2013 financial results and increasing its capital from IQD250bn to IQD300bn through 2% rights and 18% bonus issues.
  • ISC has decided to suspend trading of Al-Kheir Financial Inv. (VKHF) starting on July 9, 2014 for its failure of disclosing 3M2014 financial results.
  • Shares of Modern Sewing (IMOS) resumed trading on July 7, 2014 after they discussed and approved 2013 financial results.

2 Responses to Iraq Stock Market Report