Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th Feb 2016).
The RSISX index ended the week at IQD977 (+5.7%) / $1015 (+5.7%) (weekly change) (-10.3% and -11.4% YTD change, respectively). The number of week traded shares was 7.1bn and the weekly trading volume was IQD5.0bn ($4.0mn).
ISX Company Announcements
- Al-Khair Financial Investment (VKHF) will resume trading on Feb. 7, 2016 after fulfilling ISC disclosure requirements by disclosing quarterly financial results of 2015.
- Original shares of Dijlah and Furat Bank for Development (BDFD) resumed trading on Feb. 4, 2016 after the bank approved 2013 and 2014 annual financial results and increasing its capital from IQD106bn to IQD112bn through 5.7% bonus issue.
- Iraqi Date Processing and Marketing (IIDP) will hold its AGM* on Feb. 7, 2016 to discuss increasing its capital from IQD17.3bn to IQD34.5bn through 100% rights issue. ISX suspended the trading of IIDP staring on Feb. 2, 2016.
- New shares of Elaf Islamic Bank (BELF) from the capital increase to IQD250bn through 2.50% bonus and 21.95% rights issues resumed trading on Feb. 1, 2016.
- The following companies resumed trading on Feb. 1, 2016 after fulfilling ISC’s disclosure requirements by disclosing 6M15 and 9M15 financial results: Al-Manafaa for Money Transfer (MTMA), Mouta for Remittance (MTMO) and Al-Motaman for Money Transfer (MTMT).
- ISX requested Dar Es Salam Investment Bank (BDSI) to disclose the status of the capital increase procedures of the 45bn shares offered for public.
- New shares of Ishtar Hotels (HISH) from the capital increase to IQD3.5bn through 55.6% bonus issue resumed trading on Jan. 31, 2016.
- Modern Animal and Agricultural Production (AMAP) requested from ISC to extend the listing period of the new shares of AMAP for one month due to some minor observations made by the companies’ registrar, which were resolved by the company.
- Al-Kindi of Veterinary Vaccines Drugs (IKLV) announced that the loss of 2014 was IQD256.8mn, which was added to 2015 financials.
- National Chemical Industries (INCP) has invited its shareholders to visit the company’s headquarters to receive their profits for the years from 1982 to 2003.
- ISX invited the following companies to list their shares on the ISX after completing the listing requirements through ISX and ISC: 1) South Islamic Bank for Investment and Finance, 2) Al-Bilad Islamic Bank, 3) Al-Rajih for Money Transfer, 4) Al-Harith Al-Arabia for Money Transfer, 5) Bilad Al-Sham for Money Transfer, 6) Middle East Union for Contracting, General Trade, and Real-Estate Investment, 7) Amlak for General Trade, Contracting, Real-Estate Investment, Tourism, Commercial Agency, Transportation, and Mechanical Industries, 8) Global Islamic Bank for Investment and Financing, 9) Iraq International Insurance, 10) Itihad international Insurance, 11) Al-Beyna for Money Transfer, 12) Baghdad Al-Jadida for Investment.