Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st August 2013).

Note: ISX will be closed from August 8, 2013 to August 11, 2013 due to the national holiday for Eid Al-Fitr. The next session will be held on Monday, August 12, 2013.

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

The RSISX index ended the week at ID1,791 (+0.9%) / $1,921 (+0.8%) (weekly change). The number of week traded shares was 19.9bn and the weekly trading volume was ID17.0bn ($14.1mn).

ISX Company Announcements

• Baghdad Hotel (HBAG) will hold its AGM* on August 21, 2013 to discuss 2012 financial statements. ISX will suspend trading of HBAG starting on August 14, 2013.
• Gulf Insurance & Reinsurance (NGIR) will hold its AGM* on August 6, 2013 to discuss 2011 financial statements. ISX suspended trading of NGIR starting on July 30.
• Electronic Industries (IELI) will hold its AGM* on August 13, 2013 to discuss 2012 financial statements.
• Original shares of Bank of Baghdad (BBOB) resumed trading on July 29, 2013 after the decision to increase its capital from IQD175bn to IQD250bn through 13% bonus and 30% rights issues.
• Original shares of United Bank (BUND) resumed trading on July 29, 2013 after the decision to increase its capital from IQD250bn to IQD300bn through 20% bonus issue.
• Original shares of Sumer Commercial Bank (BSUC) resumed trading on July 29, 2013 after the decision to increase its capital from IQD151bn to IQD187.3bn through 24.04% rights issue.
• Original shares of Ready Made Clothes (IRMC) resumed trading on July 29, 2013 after the decision to increase its capital from IQD1.50bn to IQD1.59bn through 6.22% bonus issue.
• A cross transaction occurred on IQD14.7bn Babylon Bank (BBAY) shares on July 29, 2013. This represents 9.8% of BBAY capital.
• Iraqi For Tufted Carpets (IITC) resumed trading on July 28, 2013. The company has decided to distribute 25% cash dividend (IQD0.25 per share) in its GA (July 3).
• Ashour Hotel (HASH) resumed trading on July 28, 2013 after the decision taken in its GA on July 7, 2013 to circulate the IQD41.2mn into accumulated profit.