Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th Nov 2015).

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

The RSISX index ended the week at ID999 / $1,036 (-3.4%) (weekly change) (-28.9% and -30.1% YTD change, respectively). The number of week traded shares was 14.1bn and the weekly trading volume was IQD9.5bn ($7.7mn).

ScreenHunter_2375 Nov. 16 10.27

ISX Company Announcements

  • Union Bank of Iraq (BUOI) will hold its AGM on Nov. 21, 2015 to discuss and approve 2014 annual financial results. ISX will suspend trading of BUOI starting on Nov. 17, 2015.
  • 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. 15. 2015.
  • Shares of Bain Al-Nahrain Investment (VMES) resumed trading on Nov. 12, 2015 after they approved 2014 annual financial results and covering 50% of the accumulated deficit from the available reserves.
  • Mamoura Real-estate Investment (SMRI) has finished the procedures of capital increase from IQD16.5bn to IQD19.2bn through 7.28% rights and 9.01% bonus issues.
  • Shares of Iraq Baghdad for General Transport (SBPT) resumed trading on Nov. 10, 2015 after they approved 2014 annual financial results and distributing 40% cash dividend (IQD0.40 price per share), corresponding to a 2.4% dividend yield according to the recent closing price of IQD16.80 per share.
  • North Bank (BNOR) resumed trading on Nov. 8, 2015 after fulfilling ISC’s disclosure requirements by disclosing 2014 annual financial results.
  • Iraqi Engineering Works (IIEW) resumed trading on Nov. 8, 2015 after they approved 2014 annual financial results.
  • Two cross transactions occurred on 8.2bn shares of Iraqi Islamic Bank (BIIB) on Nov. 9 and Nov. 11, 2015. These two transactions represent 3.2% of BIIB capital.
  • Two cross transactions occurred on 1.9bn shares of Ashur International Bank (BASH) on Nov.9 and Nov. 12, 2015. These two transactions represent 0.6% of BASH capital.

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