Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th Dec 2015).

Note: ISX will be closed during December 28, 2015 – January 2, 2016 due to the end-of-year closing operations. The next session will be held on Sunday, January 3, 2016.

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

The RSISX index ended the week at IQD1086 (+2.8%) / $1141 (+1.8%) (weekly change) (-22.0% and -23.0% YTD change, respectively). The number of week traded shares was 4.6bn and the weekly trading volume was IQD5.8bn ($4.7mn).

ScreenHunter_2528 Dec. 26 18.03

ISX Company Announcements

  • Palestine Hotel (HPAL) will resume trading on Dec. 27, 2015 after they approved 2014 annual financial results and distributing 40% cash dividend (IQD0.40 price per share). The opening price will be IQD9.05 with +/-10% change for the first session.
  • According to announcement of ISX, new shares of Al-Nobles for Money Transfer (MTNO) from the capital increase to IQD45bn through 50% rights issue will be able to resume trading on Dec. 27, 2015, if MTNO fulfills ISC’s requirement by disclosing 6M15 financial results.
  • Al-Iraqia for Money Transfer (MTIR) will hold its AGM* on Jan. 4, 2016 to discuss changing their main functions from money transfer to Islamic banking and increasing its capital from IQD45bn to IQD100bn through rights issue. ISX suspended trading of MTIR on Dec. 24, 2015.
  • A cross transaction occurred on 800mn shares of National Islamic Bank (BNAI) on Dec. 24, 2015. This represents 0.3% of BNAI capital.
  • Commercial Bank of Iraq (BCOI) resumed trading on Dec. 24, 2015 after they approved 2014 annual financial results and distributing 3.3% cash dividend (IQD0.033 price per share).
  • Original shares of Modern Animal & Agricultural Production (AMAP) resumed trading on Dec. 24, 2015 after they approved 2014 annual financial results, increasing its capital from IQD3.9bn to IQD4.3bn through 10% bonus issue.
  • New shares of Iraqi Agricultural Products Marketing Meat (AIPM) from the capital increase to IQD5.0bn through 11.1% bonus issue resumed trading on Dec. 24, 2015.
  • New shares of Al-Ameen Insurance (NAME) from the capital increase to IQD3.4bn through 13.7% bonus issue resumed trading on Dec. 24, 2015.
  • New shares of Al-Harir for Money Transfer (MTAH) from the capital increase to IQD45bn through 50% rights issue resumed trading on Dec. 24, 2015.
  • Al-Batek Financial Investment (VBAT) was suspended from trading starting on Dec. 21, 2015. to hold its AGM* on Dec. 24, 2015 to discuss and approve 2012 and 2013 annual financial results and electing new board members.
  • New shares of Al-Noor for Money Transfer (MTNN) from the capital increase to IQD45bn through 36.4% rights issue resumed trading on Dec. 21, 2015.
  • Mansur Hotel (HMAN) resumed trading on Dec. 20, 2015 after they approved 2014 annual financial results and decided to postpone covering the deficit to next year.

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