Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th Nov 2015).

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

The RSISX index ended the week at ID1,025 / $1,073 (-5.3%) (weekly change) (-26.4% and -27.6% YTD change, respectively). The number of week traded shares was 2.9bn and the weekly trading volume was IQD3.2bn ($2.5mn).

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ISX Company Announcements

  • Al-Badia for General Transport (SBAG) will hold its AGM* on Nov. 22, 2015 to discuss and approve 2014 annual financial results. ISX will suspend trading of SBAG starting on Nov. 16, 2015.
  • Ishtar Hotels (HISH) will hold its AGM* on Nov. 18, 2015 to discuss and approve 2014 annual financial results, covering the 70% of the accumulated deficit instead of 100% of it and increasing its capital from IQD2.3bn to IQD3.4bn through 50% bonus issue. ISX will suspend trading of HISH starting on Nov. 12. 2015.
  • North Bank (BNOR) will resume trading on Nov. 8, 2015 after fulfilling ISC’s disclosure requirements by disclosing 2014 annual financial results.
  • Iraqi Engineering Works (IIEW) will resume trading on Nov. 8, 2015 after they approved 2014 annual financial results.
  • Original shares of Iraqi Agricultural Products Marketing Meat (AIPM) resumed trading on Nov. 5, 2015 after they approved increasing its capital from IQD4.5bn to IQD5.0bn through 11.1% bonus issue.
  • Original shares of National for Tourist Investment (HNTI) resumed trading on Nov. 4, 2015 after they approved increasing its capital from IQD5.44bn to IQD6.25 through 15% bonus issue.
  • Karbala Hotels (HKAR) resumed trading on Nov. 4, 2015 after they approved 2014 annual financial results.
  • Sama Baghdad Finance Transfer (MTSB) resumed trading on Nov. 4, 2015 after fulfilling ISC’s disclosure requirements by disclosing 3M15 financial results.
  • Iraq Baghdad for General Transport (SBPT) will hold its AGM* on Nov. 7, 2015 to discuss and approve 2014 annual financial results, distributing cash dividend and purchasing of tractors to increase the company’s capacity. ISX suspended trading of SBPT starting on Nov. 3, 2015.
  • Tourist Village of Mosul Dam (HTVM) and Ashour Hotel (HASH) resumed trading on Nov. 2, 2015 after fulfilling ISC’s disclosure requirements by disclosing 6M15 financial results.
  • Metallic & Bicycle Industries (IMIB) and Al-Zawraa for Financial Investment (VZAF) resumed trading on Nov. 2, 2015 after they approved 2014 annual financial results.
  • Original shares of Al-Noor for Money Transfer (MTNN) resumed trading on Nov. 1, 2015 after they approved increasing its capital from IQD33bn to IQD45bn through rights issue.
  • The subscription on 15bn Al Nibal Al Arabya for Money Transfer (MTNI) shares closed on Oct. 22, 2015 to increase the capital to IQD45bn through 50% rights issue.

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