Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th July 2012).

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

ID1,363 / $1.487,  (+4.1%) (weekly change). The number of week traded shares was 6.7bn and the weekly trading volume was ID11.5bn ($9.6mn).

ISX Company Announcements

• Mamoura Real-Estate Investment (SMRI) will hold AGM on July 31, 2012 to discuss 2011 financial results, cash dividend ratio, capital increase through 10% bonus and 30% rights issues, and electing new board members. ISX will suspend trading of SMRI on July 24.
•  Iraqi Islamic Bank (BIIB) will hold AGM on July 28, 2012 to discuss 2011 financial results, and capital increase from ID 102.384bn to ID 152.384bn through rights issue. ISX will suspend trading of BIIB starting July 21, 2012.
• Electronic Industries (IELI) will hold AGM on July 26, 2012 to discuss 2011 financial results, and electing new board members. ISX will suspend trading of IELI starting July 19.
• Dar Essalaam Investment Bank (BDSI) will hold AGM on July 25, 2012 to discuss 2011 financial results, the cash dividend ratio and electing new board members. ISX will suspend trading of BDSI starting July 18, 2012.
• Baghdad Hotel (HBAG) will hold AGM on July 25, 2012 to discuss 2011 financial results, and cash dividend ratio. ISX will suspend trading of HBAG starting July 18, 2012.
• The new shares of Mosul Bank (BMFI) from the capital increase through 13.333% bonus and 20% rights issues will resume trading on July 16.
• The new shares of AL- Kindi for Production of Veterinary (IKLV) from the capital increase through 50% bonus issue will resume trading on July 16.
• National Bank of Iraq (BNOI) will hold AGM on July 22, 2012 to discuss 2011 financial results, and capital increase from ID100bn to ID150bn. ISX will suspend trading of BNOI starting July 15, 2012.
• Original Shares of Union Bank of Iraq (BOUI) will resume trading on July 15 related with the capital increase from ID59.8bn to ID100bn through 3.512% bonus and 63.712% rights issue. The opening price will be ID0.86 per share with +/- 50% limit for the first session.
• According to the memo (Ref. # 10/1276) published by Iraqi Securities Commission (ISC) on July 11, 2012, ISX will suspend the trading of the following companies starting from July 15, due to their failure to submit 1Q2012 financial reports in the due time: Economy Bank for Investment (BEFI), AL-Nukhba General Contracting (SNUC), Gulf Insurance and Reinsurance (NGIR), Northern Soft Drinks & Mineral Water (INSD), Baghdad Hotel (HBAG), Ishtar Hotels (HISH).
• Original shares of Modern Chemical Industries (IMCI) resumed trading on July 12, after the capital increase from ID75mn to ID90mn through 20% bonus issue.
• The Light Industries (ITLI) resumed trading on July 12, with no change in its capital.
• Al-Zawraa for Financial Inv. (VZAF) suspended from trading on July 12.
• Original shares of Credit Bank of Iraq (BROI) resumed trading on July 11 related with the capital increase from ID100bn to ID150bn through 40% bonus and 10% rights issues

For the full RS Weekly Bulletin in PDF go to:  www.rabeesecurities.com.