Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th Aug 2016).

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

The RSISX index ended the week at IQ748 (-3.1%) / $753 (-3.1%) (weekly change) (-31.3% and -34.3% YTD change, respectively). The number of week traded shares was 63.5bn and the weekly trading volume was IQD32.6bn ($25.2mn).

ScreenHunter_4107 Aug. 29 15.19

ISX Company Announcements

  • Al-Mansour Pharmaceutical Industries (IMAP) will hold AGM* on Oct. 1, 2016 to discuss and approve 2015 annual financial results. ISX will suspend trading of IMAP starting on Sep. 27, 2016.
  • Al-Nobles for Money Transfer (MTNO) will hold AGM* on Sept. 5, 2016 to discuss and approve 2015 annual financial results. ISX will suspend trading of MTNO starting on Aug. 31, 2016.
  • Al-Noor for Money Transfer (MTNN) will hold AGM* on Sept. 3, 2016 to discuss and approve 2015 annual financial results. ISX will suspend trading of MTNN starting on Aug. 30, 2016.
  • Iraqi Date Processing and Mark. (IIDP) will hold AGM* on Aug. 30, 2016 to discuss and approve 2015 annual financial results and selling the real-estate in Karbala, which is evaluated as not useful by the company. IIDP is planning to use the proceeds from the sale of the real-estate to buy new assets. ISX suspended trading of IIDP starting on Aug. 25, 2016.
  • A cross transaction occurred on 20.0bn shares of United Bank (BUND) on Aug. 24, 2016, which represents 6.7% of BUND capital.
  • Gulf Commercial Bank (BGUC) will hold AGM* on Aug. 27, 2016 to discuss and approve 2015 annual financial results and approve distributing 3% dividend (IQD0.03 dividend per share, 7.7% dividend yield). ISX suspended trading of BGUC starting on Aug. 23, 2016.
  • Four cross transactions occurred on 36.5bn shares of Trans Iraq Bank for Investment (BTRI) on Aug. 21, Aug. 22, Aug.23 and Aug.25, 2016, which represent 13.9% of BTRI capital.
  • A cross transaction occurred on 4.5bn shares of Mosul Bank for Development and Investment (BMFI) on Aug. 22, 2016, which represents 1.8% of BMFI capital.
  • Al-Harir for Money Transfer (MTAH) resumed trading on Aug. 22, 2016 after discussing and approving 2015 annual financial results.
  • ISC inquired the ISX about when Al-Motaman for Money Transfer (MTMT) will resume trading. ISX replied ISC that the company is converting into Zain Al-Iraq Islamic Bank for Investment and Finance. The bank received the approval of the CBI banking license and the approval of the Company Registrar to convert the company into Zain Al-Iraq Islamic Bank for Investment and Finance. ISX will make the necessary procedures and will notify ISC after the bank receives a new ISIN.
  • The Company Registrar postponed the AGM of Iraqi for Seed Production (AISP), which was planned to be held on Aug. 27, 2016, till the completion of the procedures related with the financial results.
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