Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th August 2014).

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

The RSISX index ended the week at ID1,516 (-0.4%)/ $1,638 (+0.5%) (weekly change) (-18.7% and -17.5% YTD change, respectively). The number of week traded shares was 22.6bn and the weekly trading volume was ID35.6bn ($29.5mn).

ISX Company Announcements

• National for Tourist Investment (HNTI) will hold its AGM* on Sep. 14, 2014 to discuss and approve 2013 annual financial results and elect new board members. ISX will suspend trading of HNTI starting Sep. 7, 2014.
• Baghdad for Packing Materials (IBPM) will hold its AGM* on Sep. 11, 2014 to discuss and approve 2013 annual financial results and elect new board members. ISX will suspend trading of IBPM starting Sep. 4, 2014.
• Al-Hamraa for Insurance (NHAM) will hold its AGM* on Sep. 9, 2014 to discuss and approve 2012 & 2013 annual financial results and increasing its capital from IQD3bn to IQD5bn through 40% bonus issue. ISX will suspend trading of NHAM starting on Sep. 2, 2014. Please note, NHAM is trading in non-regular market.
• Subscription on 144bn Dijlah & Furat Bank (BDFD) shares will start on Sep. 1, 2014 to increase the capital to IQD250bn through 144% rights and 6% bonus issues.
• Investment Bank of Iraq (BIBI) will hold its AGM* on Sep. 4,2014 to discuss and approve 2013 annual financial results. ISX suspended trading of BIBI starting on Aug. 28, 2014.
• New shares of North Bank (BNOR) from the capital increase to IQD300bn through 13.2% bonus issue resumed trading on Aug. 28, 2014.
• A cross transaction occurred on IQD1.4bn Dijlah & Furat Bank (BDFD) shares on Aug. 28, 2014. This represents 0.6% of BDFD capital.
• Metallic Ind. and Bicycles (IMIB) will hold its AGM* on Sep. 2, 2014 to discuss and approve 2013 annual financial results. ISX suspended trading of IMIB starting on Aug. 26, 2014.
• Two cross transactions occurred on IQD8.2bn Iraqi Middle East Bank (BIME) shares on Aug. 26 and Aug.24. These represent 3.3% of BIME capital.
• A cross transaction occurred on IQD2.7bn Dar Es Salaam Inv. Bank (BDSI) shares on Aug. 26, 2014. This represents 1.8% of BDSI capital.
• A cross transaction occurred on IQD2.1bn Iraqi Islamic Bank (BIIB) shares on Aug. 26, 2014. This represents 0.8% of BIIB capital.
• Iraq Registrar of Companies approved the decision of Ashur International Bank (BASH) AGM* to increase its capital from IQD265bn to IQD300bn through 13.2% bonus issue.
• Shares of Iraqi Agricultural Products (AIRP) resumed trading on Aug. 25, 2014 after they approved 2013 annual financial results, distributing 50% cash dividend (IQD0.50 per share) and elect new board members.
• A cross transaction occurred on IQD528mn Mansour Hotel (HMAN) shares on Aug. 25, 2014. This represents 18.1% of HMAN capital.
• New shares of Iraqi for Seed Production (AISP) from the capital increase to IQD5.1bn through 15% bonus issue resumed trading on Aug. 24, 2014.