Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th July 2017).

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

The RSISX index ended the week at IQD805 (-0.9%) / $826 (-1.6%) (weekly change) (-16.2% and -12.8% YTD change, respectively). The number of week traded shares was 8.7bn and the weekly trading volume was IQD5.6bn ($4.3mn).

ISX Company Announcements

  • Baghdad Soft Drink (IBSD) will hold AGM* on Jul. 20, 2017 to discuss and approve 2016 annual financial results, electing new BoD members, distributing cash dividend and the decision of establishing new soft drink factory in Basrah province. ISX will suspend trading of IBSD starting on Jul. 17, 2017.
  • Iraqi Date Processing and Marketing (IIDP) will hold AGM* on Jul. 13, 2017 to discuss and approve 2016 annual financial results and discuss buying shares of Al-Khair Financial Investment (VKHF). ISX will suspend trading of IIDP starting on Jul. 10, 2017.
  • Bank of Baghdad (BBOB) will hold AGM* on Jul. 12, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of BBOB starting on Jul. 9, 2017.
  • Al-Hilal Industries (IHLI) will hold its AGM* on Jul. 27, 2017 to discuss and approve 2015 annual financial results. The company was suspended from trading starting on Jul. 6, 2017 for not publishing its 1Q17 financial results.
  • Investment Bank (BIBI) resumed trading on Jul. 6, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 6% cash dividend (IQD0.06 dividend per share, 11.1% dividend yield) in its AGM (Jun. 22,2017).
  • Ahlia Insurance Company (NAHF) will hold AGM* on Jul. 11, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of NAHF starting on Jul. 6, 2017.
  • ISX suspended the following companies from trading starting Jul. 6, 2017 according to ISC letter for not fulfilling ISC disclosure requirements and publishing 1Q17 financial results: Commercial Bank of Iraq (BCOI), Kurdistan International Bank (BKUI), Al-Hial Industries (IHLI), Iraqi Land Transport (SILT), Al-Badia for General Transportation (SBAG), Al-Khatem Telecoms (TZNI), Al-Khair Financial Investment (VKHF), Bain Al-Nahrain Investment (VMES).
  • ISX notified Trade Bank of Iraq (TBI) on Jul. 6, 2017 that it will auction on Jul. 26, the 18.946bn shares of United Bank (BUND) owned by Sarbast Bayiz Abbas Ako for the payment of debt to TBI.
  • According to Bada’a Al-Karada court decision, ISX will auction 106.8mn shares of Investment Bank of Iraq (BIBI) on Jul. 9, 2017 owned by Widad Ali Ajam for the payment of debt to Al-Mansour Bank (BMNS).
  • National for Tourist Investment (HNTI) will hold AGM* on Jul. 10, 2017 to discuss and approve 2016 annual financial results and discuss investing in Basra land. ISX will suspend trading of HNTI starting on Jul. 5, 2017.
  • International Islamic Bank (BINT) calls investors to subscribe to its capital increase to IQD250bn through 150% rights issue starting from Jun. 21, 2017.
  • Mamoura Real Estate Investment (SMRI) calls investors to subscribe to its capital increase through rights issue starting from Jul. 23, 2017. The company will increase capital from IQD19.2bn to IQD22.78bn through 15.0% rights and 3.6% bonus issues.
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