Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th September 2014).

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

The RSISX index ended the week at ID1,547 (-0.1%)/ $1,669 (-0..1%) (weekly change) (-17.1% and -16.0% YTD change, respectively). The number of week traded shares was 24.4bn and the weekly trading volume was ID23.9bn ($20.0mn).

ScreenHunter_1012 Sep. 22 21.13

 

ISX Company Announcements

  • National Chemical Industries (INCP) will hold its AGM* on Oct. 16, 2014 to discuss and approve 2013 annual financial results. ISX will suspend trading of INCP starting Oct. 9, 2014.
  • Gulf Insurance&Reinsurance (NGIR) will hold its AGM* on Oct. 15, 2014 to discuss and approve 2013 annual financial results. ISX will suspend trading of NGIR starting Oct. 7, 2014.
  • Shares of National for Tourist Investment (HNTI) will resume trading on Sep. 22, after they approved 2013 annual financial results, and distributing 16.6% cash dividend (IQD0.166 per share). The opening price will be IQD20.83 per share with +/- 10% limit for the first session.
  • Shares of Investment Bank of Iraq (BIBI) will resume trading on Sep. 22, after they approved 2013 annual financial results, distributing 10.2% cash dividend (IQD0.102 per share). The opening price will be IQD0.90 per share with +/- 10% limit for the first session.
  • Subscription on 87.8bn Elaf Islamic Bank (BELF) shares will start on Sep. 21, 2014 to increase the capital to IQD250bn through 57.76% rights issue.
  • Baghdad for Packing Materials (IBPM) resumed trading on Sep. 17, 2014 after they approved 2013 annual financial results and elected new board members.
  • A cross transaction occurred on IQD7 bn Dijlah & Furat Bank (BDFD) shares on Sep. 17, 2014. This represents 2.8% of BDFD capital.
  • Dar Al-Salam for Insurance (NDSA) will hold its AGM* on Sep. 23, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD2.90bn to IQD3.19bn through 10% bonus issue. ISX suspended trading of NDSA starting on Sep. 16, 2014.
  • Two cross transactions occurred on IQD6.0bn Union Bank (BUOI) shares on Sep. 17 and Sep. 16. These represent 2.4% of BUOI capital.
  • Two cross transactions occurred on IQD4.2bn Iraqi Islamic Bank (BIIB) shares on Sep. 17 and Sep. 15. These represent 1.6% of BIIB capital.
  • New shares of Kharkh Tour A. City (SKTA) from the capital increase to IQD500mn through 35.9% bonus issue resumed trading on Sep. 14, 2014.
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