Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th Apr 2016).
The RSISX index ended the week at IQD780 (-2.3%) / $788 (-1.2%) (weekly change) (-28.4% and -31.2% YTD change, respectively). The number of week traded shares was 26.5 bn and the weekly trading volume was IQD8.5bn ($6.6mn).
ISX Company Announcements
- Dar Al-Salam for Insurance (NDSA) will hold its AGM* on May. 4, 2016 to discuss and approve 2015 annual financial results and increasing its capital to IQD3.72bn through 6.01% bonus issue. ISX will suspend the trading of NDSA starting on May 1, 2016.
- Al-Wiaam for Financial Investment (VWIF) was suspended from trading starting on Apr. 25, 2016 to hold its AGM* on Apr. 28, 2016 to discuss and approve 2014 annual financial results.
- Mansour Bank (BMNS) announced that the bank started to distribute 6% cash dividend (IQD0.06 price per share) from 2015 profit starting Apr. 24, 2016.
- A cross transaction occurred on 20bn shares of United Bank (BUND) on Apr. 27, 2016. This represents 6.7% of BUND capital.