Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th June 2015).

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

The RSISX index ended the week at ID1,444 (+1.1%) / $1,475 (+3.5%) (weekly change) (+3.6% and -0.4% YTD change, respectively). The number of week traded shares was 17.0bn and the weekly trading volume was IQD16.4bn ($13.0mn).

ScreenHunter_1833 Jun. 29 15.01ISX Company Announcements

  • Al Khatem Telecom (TZNI), the sole owner of Zain Iraq which is the largest mobile operator in Iraq in terms of number of subscribers, listed on the Iraq Stock Exchange (ISX) on Tuesday. The opening price was IQD4.0 per share, the highest price was IQD7.5 per share, the lowest price was IQD4.0 per share and the weighted average price was IQD6.09 per share. TZNI closed the day at IQD5.99 per share, 49.8% increased from its opening price. The total number of traded shares of TZNI was 31.1mn and the total trading volume was IQD189.5mn. ISX Mcap reached IQD20.2trln ($16.0bn) with the listing of TZNI.
  • CBI has decided to stop deduction of tax & customs credits from the banks on the accrued amounts for dollar exchange, that was made before by CBI, starting Jun. 18, 2015. CBI stated that the customs and tax authorities shall fulfill its fees according to the law.
  • Dar Al-Salam for Insurance (NDSA) will hold its AGM* on Jul. 15, 2015 to discuss and approve 2014 annual financial results, increasing its capital from IQD3.19bn to IQD3.509bn through 10% bonus issue and distributing cash dividend. ISX will suspend trading of NDSA starting on Jul. 8, 2015.
  • Ashur Bank (BASH) will hold its AGM* on Jul. 13, 2015 to discuss and approve 2014 annual financial results and distributing 3.9% cash dividend (IQD0.039 cash dividend per share). ISX will suspend trading of BASH starting on Jul. 6, 2015.
  • Babylon Hotel (HBAY) will hold its AGM* on Jul. 2, 2015 to discuss and approve 2014 annual financial results, increasing its capital through 170% rights issue to cover the cumulative loss from 2005-2010, covering some of the accumulated deficit from the available reserves and electing new board members. ISX suspended trading of HBAY starting on Jun. 25, 2015.
  • Iraqi Agricultural Products (AIRP) resumed trading on Jun. 25, 2015 after they approved 2014 annual financial results and distributing IQD180mn cash dividend (corresponding to IQD0.5 price per share).
  • National Islamic Bank (BNAI) will hold its AGM* on Jun. 28, 2015 to discuss and approve 2014 annual financial results and distributing cash dividend of the year 2014. ISX suspended trading of BNAI starting on Jun. 23, 2015.
  • A cross transaction occurred on 600K Ashour Hotel (HASH) shares on Jun. 23, 2015, corresponding to 0.2% of HASH capital. A cross transaction occurred on 5mn Iraqi Date Processing & Marketing (IIDP) shares on Jun. 23, 2015, corresponding to 0.03% of IIDP capital. A cross transaction occurred on 2.8mn Modern Sewing (IMOS) shares on Jun. 23, 2015, corresponding to 0.3% of IMOS capital. A cross transaction occurred on 2.5bn National Islamic Bank (BNAI) shares on Jun. 22, 2015, corresponding to 1.0% of BNAI capital. A cross transaction occurred on 5.7bn Iraqi Islamic Bank (BIIB) shares on Jun. 21, 2015, corresponding to 2.3% of BIIB capital. A cross transaction occurred on 2.5bn Ashur Bank (BASH) shares on Jun. 21, 2015, corresponding to 1.0% of BASH capital.
  • Bank of Baghdad (BBOB) will hold its AGM* on Jun. 29, 2015 to discuss and approve 2014 annual financial results, distributing cash dividend of the year 2014, covering some of bad debts and electing new board members. ISX suspended trading of BBOB starting on Jun. 22, 2015.
  • Original shares of Asiacell Communications (TASC) resumed trading on Jun. 21, 2015 after they approved 2014 annual financial results and increasing its capital from IQD270bn to IQD310bn through 14.8% bonus issue.

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