Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd October 2014).

Note: ISX will be closed starting from October 2, 2014 to October 11, 2014 due to the national holiday of Eid Al- Adhha. The next session will be held on Sunday, October 12, 2014.

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

The RSISX index ended the week at ID1,487 (-1.5%)/ $1,600 (-1.5%) (weekly change) (-20.3% and -19.4% YTD change, respectively). The number of week traded shares was 41.6bn and the weekly trading volume was IQD36.3bn ($30.1mn).

ScreenHunter_1076 Oct. 06 11.12

 

ISX Company Announcements

  • Karbala Hotels (HKAR) will hold its AGM* on Oct. 27, 2014 to discuss and approve 2013 annual financial results, covering the accumulated deficit, increasing its capital through 100% rights issue and electing new board members.
  • Babylon Hotel (HBAY) will hold its AGM* on Oct. 18, to discuss and approve 2013 annual financial results and to cover the accumulated deficit by increasing its capital through 170% rights issue. ISX will suspend trading of HBAY starting Oct. 12, 2014.
  • 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.
  • A cross transaction occurred on IQD13.5bn Iraqi Islamic Bank (BIIB) shares on Oct. 1, 2014. This represents 5.4% of BIIB capital.
  • Two cross transactions occurred on IQD24.4bn Dijlah & Furat Bank (BDFD) shares on Oct. 1 and Sept. 28, 2014. These represent 9.8% of BDFD capital.
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