Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th July 2014).

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

The RSISX index ended the week at ID1,495 (-0.4%)/ $1,597 (-0.4%) (weekly change) (-19.8% and -19.6% YTD change, respectively). The number of week traded shares was 3.3bn and the weekly trading volume was ID3.7bn ($3.1mn).

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ISX Company Announcements

  • According to CBI announcement on July 13, 2014, the Central Bank has adopted the releasing of electronic payment system to organize payment service providers job and grant them license with the aim of developing the financial and banking sector in Iraq and reducing the phenomenon of carrying and handling money and creating a competitive environment among the financial institutions through providing new banking services.
  • Ready Made Clothes (IRMC) will hold its AGM* on Aug. 4, 2014 to discuss and approve 2013 annual financial results and decreasing 36% of the accumulated deficit. ISX will suspend trading of IRMC starting on July 27, 2014.
  • Original shares of Mamoura Real Estate (SMRI) will resume trading on July 21, after they discussed and approved 2013 financial results and increasing its capital from IQD15.010bn to IQD18.012bn through 20% rights issue. The opening price will be IQD4.44 per share with +/- 50% limit for the first session.
  • Original shares of Kharkh Tour A. City (SKTA) will resume trading on July 20, after they discussed and approved 2013 financial results and increasing its capital from IQD368mn to IQD500mn through 35.9% bonus issue. The opening price will be IQD54.32/ share with +/- 50% limit for the first session.
  • 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 suspended trading of BBOB starting on July 16, 2014.
  • Iraqi Middle East Bank (BIME) will hold its AGM* on July 19, 2014 to discuss and approve 2012 and 2013 annual financial results. ISX suspended trading of BIME starting on July 13, 2014.
  • Dijlah & Furat Bank (BDFD) will hold its AGM* on July 19, 2014 to discuss increasing its capital from IQD100bn to IQD250bn through 144% rights and 6% bonus issues. ISX suspended trading of BDFD starting on July 13, 2014.
  • Shares of Ashur International Bank (BASH) resumed trading on July 13, 2014 after they discussed and approved 2013 financial results and distributing 6% (IQD0.06 per share) cash dividend.

 

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