Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th July 2014).

Note: ISX will be closed starting from July 27, 2014 to July 31, 2014 due to the national holiday of Eid Al-Fitr. The next session will be held on Sunday, August 3, 2014.

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

The RSISX index ended the week at ID1,471 (-1.6%)/ $1,576 (-1.3%) (weekly change) (-21.1% and -20.7% YTD change, respectively). The number of week traded shares was 5.6bn and the weekly trading volume was ID8.3bn ($6.9mn).

ScreenHunter_822 Jul. 19 18.01

ISX Company Announcements

  • Iraqi Agricultural Products (AIRP) will hold its AGM* on Aug. 17, 2014 to discuss and approve 2013 annual financial results, distributing 50% cash dividend and elect new board members.
  • 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 North Bank (BNOR) resumed trading on July 23, 2014 after they discussed and approved 2013 financial results and increasing its capital from IQD265bn to IQD300bn through 13.2% bonus issue.
  • New shares of Union Bank (BUOI) from the capital increase to IQD252bn through 36.2% bonus and 29.6% rights issues resumed trading on July 23, 2014.
  • Bank of Baghdad (BBOB) held its AGM* on July 23, 2014. In its AGM, BBOB approved distributing 11% cash dividend (IQD0.11 per share).
  • Shares of Iraqi Islamic Bank (BIIB) resumed trading on July 22, 2014 after they discussed and approved 2013 financial results and distributing 9% (IQD0.09 per share) cash dividend.
  • Original shares of Kharkh Tour A. City (SKTA) resumed trading on July 22, 2014 after they discussed and approved 2013 financial results and increasing its capital from IQD368mn to IQD500mn through 35.9% bonus issue.
  • A cross transaction occurred on IQD200mn Asiacell (TASC) shares on July 22, 2014. This represents 0.1% of TASC capital.
  • Original shares of Mamoura Real Estate (SMRI) resumed trading on July 21, 2014 after they discussed and approved 2013 financial results and increasing its capital from IQD15.010bn to IQD16.511bn through 10% rights issue.
  • Iraqi Middle East Bank (BIME) held its AGM* on July 19, 2014. In its AGM, BIME approved distributing 10% cash dividend (IQD0.1 per share) Also, they decreased the accumulated deficit of IQD17bn.
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