Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd Oct 2015).

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

The RSISX index ended the week at ID1,107 / $1,159 (-0.5%) (weekly change) (-20.5% and -21.8% YTD change, respectively). The number of week traded shares was 32.5bn and the weekly trading volume was IQD17.0bn ($13.7mn).

ScreenHunter_2255 Oct. 25 14.07

ISX Company Announcements

  • Al-Hilal Industries (IHLI) will hold its AGM* on Nov. 19, 2015 to discuss and approve 2014 annual financial results. ISX will suspend trading of IHLI starting on Nov. 16, 2015
  • New shares of Modern Sewing (IMOS) from the capital increase to IQD1.0bn through 11.1% bonus issue resumed trading on Oct. 22, 2015.
  • Two cross transactions occurred on 29.5bn shares of United Bank (BUND) on Oct. 20 and Oct. 22, 2015. These two transactions represent 9.8% of BUND capital.
  • Babylon Hotel (HBAY) has finished the procedures to increase capital from IQD1.35bn to IQD2bn through 48.1% rights issue.
  • Credit Bank of Iraq (BROI) resumed trading on Oct. 21, 2015 after they approved 2014 annual financial results.
  • Baghdad for Packing Materials (IBPM) resumed trading on Oct. 21, 2015 after they approved 2014 annual financial results.
  • National for Tourist Investment (HNTI) will hold its AGM* on Oct. 26 , 2015 to discuss and approve 2014 annual financial results, increasing its capital from IQD5.44bn to IQD6.25bn through 15% bonus issue and distributing cash dividend. ISX suspended trading of HNTI starting on Oct. 21.
  • Bain Al-Nahrain Financial Investment (VMES) will hold its AGM* on Oct. 28, 2015 to discuss and approve 2014 annual financial results and covering 50% of the accumulated deficit from the available reserves. ISX suspended trading of VMES starting on Oct. 21, 2015.
  • Metallic  and Bicycles industries (IMIB) has announced that it has signed a new contract with a Turkish company that will supply and settle PVC parts, doors, windows and a factory with an amount of $2mn. The contract will be executed in December 2015 and the production will start in the factory in the first quarter of the next year and IMIB will start marketing directly.
  • Karbala Hotels (HKAR) will hold its AGM* on Oct. 27, 2015 to discuss and approve 2014 annual financial results. ISX suspended trading of HKAR starting on Oct. 20, 2015.
  • Original shares of Al-Harir for Money Transfer (MTAH) resumed trading on Oct. 19, 2015 after they approved increasing its capital from IQD30bn to IQD45bn through 50% rights issue.
  • New shares of AL-Nukhba for Construction (SNUC) from the capital increase to IQD2.066bn through 3.28% rights issue resumed trading on Oct. 19, 2015.
  • Ashur International Bank (BASH) started to distribute dividend for the year of 2014 on Sept. 15, 2015.

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