Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd July 2014).

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

The RSISX index ended the week at ID1,518 (8.8%)/ $1,619 (-8.8%) (weekly change) (-18.6% and -18.5% YTD change, respectively). The number of week traded shares was 10.5bn and the weekly trading volume was ID10.1bn ($8.3mn).

ISX Company Announcements

• Dijlah & Furat Bank (BDFD) will hold its AGM* on July 19, 2014 to discuss increasing its capital from IQD100bn to IQD250bn through 144% rights and 6% bonus issues. ISX will suspend trading of BDFD starting on July 13, 2014.
• Iraqi Islamic Bank (BIIB) will hold its AGM* on July 12, 2014 to discuss and approve 2013 annual financial results. ISX will suspend trading of BIIB starting on July 6, 2014.
• Kharkh Tour Amuzement City (SKTA) will hold its AGM* on July 12, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD368mn to IQD500mn through 35.9% bonus issue. ISX will suspend trading of SKTA starting on July 6.
• Shares of Baghdad Soft Drinks (IBSD) resumed trading on July 3, 2014 after they discussed and approved 2013 financial results and distributing 5% (IQD0.05 per share) cash dividend.
• Shares of National Bank of Iraq (BNOI) resumed trading on July 2, 2014 after they discussed and approved 2013 financial results and distributing 6.6% (IQD0.066 per share) cash dividend.
• Two cross transactions occurred on IQD1.6bn Iraqi Islamic Bank (BIIB) shares July 2, 2014. These two transactions represent 0.6% of BIIB capital.
• New & original shares of Iraqi Middle East Bank (BIME) from the capital increase to IQD250bn through 66.7% rights issue resumed trading on June 29, 2014 after fulfilling ISC’s disclosure requirements.
• Original shares of Modern Chemical Industries (IMCI) resumed trading on June 29, 2014 after they discussed and approved 2013 financial results, increasing its capital from IQD135mn to IQD180mn through 33.3% bonus issue and distributing 50% (IQD0.50 per share) cash dividend. Please note, IMCI is trading in non-regular market.
• Mamoura Real Estate (SMRI) will hold its AGM* on July 6, 2014 to discuss and approve 2013 annual financial results and increasing its capital from IQD15.010bn to IQD18.012bn through 20% rights issue. ISX suspended trading of SMRI starting on June 29, 2014.
• North Bank (BNOR) held its AGM* on June 26, 2014. In its AGM, BNOR approved increasing its capital from IQD265bn to IQD300bn through 13.2% bonus issue.
• Gulf Commercial Bank (BGUC) held its AGM* on June 24, 2014. In its AGM, BGUC approved increasing its capital from IQD250bn to IQD300bn through 18% bonus and 2% rights issues.