Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th June 2014).

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

The RSISX index ended the week at ID1,727 (-5.8%)/ $1,853 (-5.8%) (weekly change). The number of week traded shares was 6.2bn and the weekly trading volume was ID9.1bn ($7.5mn).

ISX Company Announcements

• North Bank (BNOR) will hold its AGM* on June 26, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD265bn to IQD300bn through 13.2% bonus issue. ISX will suspend trading of BNOR starting on Jun. 19, 2014.
• Gulf Commercial Bank (BGUC) will hold its AGM* on June 26, to discuss and approve 2013 annual financial results and increasing its capital from IQD250bn to IQD300bn through 2% right and 18% bonus issues. ISX will suspend trading of BGUC starting on Jun. 18, 2014.
• National Bank of Iraq (BNOI) will hold its AGM* on June 24, 2014 to discuss and approve 2013 annual financial results. ISX will suspend trading of BNOI starting on Jun. 17, 2014.
• Middle East for Prod. Fish (AMEF) will hold its AGM* on June 23, 2014 to elect new board members.
• Modern Chemical Industries (IMCI) will hold its AGM* on June 20, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD135mn to IQD180mn through 33% bonus issue. ISX will suspend trading of IMCI starting on Jun. 15, 2014.
• Modern Sewing (IMOS) will hold its AGM* on June 22, 2014 to discuss and approve 2013 annual financial results. ISX will suspend trading of IMOS starting on Jun. 15, 2014.
• Baghdad Soft Drinks (IBSD) will hold its AGM* on June 19, 2014 to discuss 2013 annual financial results, distributing cash dividend and electing new board members. ISX suspended trading of IBSD starting on Jun. 12, 2014.
• Original shares of Al-Ameen for Insurance (NAME) resumed trading on June 9, 2014 after they discussed and approved 2013 financial results and increasing its capital from IQD2bn to IQD3bn through 50% bonus issue.
• Kurdistan Int. Bank (BKUI) will hold its AGM* on June 14, 2014 to discuss 2013 annual financial results, increasing its capital from IQD300bn to IQD400bn through 33.3% bonus issue and elect new board members. ISX suspended trading of BKUI starting on Jun. 8, 2014.
• Iraqi for Tufted Carpets (IITC) will hold its AGM* on June 15, 2014 to discuss 2013 annual financial results and distributing 25% (IQD0.25 per share) cash dividend. ISX suspended trading of IITC starting on Jun. 8, 2014.

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