Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2014).

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

The RSISX index ended the week at ID1,842 (-0.7%)/ $1,957 (-0.7%) (weekly change). The number of week traded shares was 21.1bn and the weekly trading volume was ID19.7bn ($16.1mn).

ISX Company Announcements

• Al-Ameen for Insurance (NAME) will hold its AGM* on May 28, 2014 to discuss 2013 annual financial results and to discuss increasing its capital from IQD2bn to IQD3bn through 50% bonus issue.
• Asiacell Communications PJSC (TASC) will hold its AGM* on May 24, 2014 to discuss 2013 annual financial results and distributing cash dividend. ISX will suspend trading of TASC starting on May 18, 2014.
• A cross transaction occurred on IQD6.25bn National Bank of Iraq (BNOI) shares on May 14, 2014. This represents 2.5% of BNOI capital.
• Al-Sadeer Hotel (HSAD) invited its shareholders to receive cash dividends from the profits of the years 2004 and 2005.
• A cross transaction occurred on IQD6.3bn National Bank of Iraq (BNOI) shares on May 12, 2014. This represents 2.5% of BNOI capital.
• A cross transaction occurred on IQD370mn Al-Ameen Estate Inv. (SAEI) shares on May 12, 2014. This represents 5.3% of SAEI capital. Please note, SAEI is trading in non-regular market.
• Al-Mansour Pharmaceuticals Ind. (IMAP) will hold its AGM* on May 17, 2014 to discuss 2013 annual financial results and distributing cash dividend. ISX suspended trading of IMAP starting on May 11, 2014.
• Subscription on 45bn Union Bank (BUOI) shares started on May 11, 2014 to increase the capital through rights issue.