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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 19th October 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,435.2 | 3.6% | 57.7% |
| RSISX USD Index | 1,411.2 | 3.6% | 82.1% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 7,115.0 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 5.4 | # of Traded Companies | 57 |
| Traded Shares (mn)/d | 3,970 | # of Companies (Up) | 18 |
| Total Trades (#/d) | 3,204 | # of Companies (Down) | 29 |
| ISX Mcap (IQD bn) | 18,302 | # of Companies (Not changed) | 10 |
| ISX Mcap ($ mn) | 13,865 | # of Comp. Suspended from Trading (GA) | 8 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 9 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Mansour Hotel | HMAN | 37.000 | 23.3% | 0.0% |
| AL-Wiaam for Financial Inv. (UCM) | VWIF | 0.580 | 20.8% | 132.0% |
| Sumer Commercial Bank | BSUC | 0.130 | 18.2% | -31.6% |
| AL-Badia for General Trans. (UCM) | SBAG | 0.590 | 15.7% | 55.3% |
| Ishtar Hotels | HISH | 9.810 | 14.7% | -0.9% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| National Islamic Bank | BNAI | 0.500 | -14.2% | -53.1% |
| Iraqi Engineering Works | IIEW | 5.500 | -12.7% | -9.8% |
| Gulf Insurance&Reinsurance | NGIR | 0.280 | -12.5% | -30.0% |
| Babylon Bank (UCM) | BBAY | 0.080 | -11.1% | 14.3% |
| Iraqi Date Processing & Marketing | IIDP | 1.420 | -10.1% | 44.9% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Mansour Hotel | HMAN | 1,571.2 | 1,190.3 | 22.1% |
| Iraqi for Seed Production | AISP | 985.7 | 746.8 | 13.9% |
| Asiacell Communications PJSC | TASC | 897.6 | 680.0 | 12.6% |
| Baghdad Soft Drinks | IBSD | 758.0 | 574.2 | 10.7% |
| Bank of Baghdad | BBOB | 491.6 | 372.5 | 6.9% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Hotels&Tourism | 643 | 2,197.2 | 1,664.5 | 30.9% | |
| Banking | 878 | 1,568.8 | 1,188.5 | 22.0% | |
| Industry | 760 | 1,320.2 | 1,000.2 | 18.6% | |
| Agriculture | 550 | 994.7 | 753.5 | 14.0% | |
| Telecom | 185 | 897.6 | 680.0 | 12.6% | |
| Services | 174 | 123.6 | 93.7 | 1.7% | |
| Investment | 8 | 10.4 | 7.9 | 0.1% | |
| Insurance | 6 | 2.4 | 1.8 | 0.0% | |
| Grand Total | 3,204 | 7,115.0 | 5,390.1 | 100.0% | |
Stocks that resumed / will resume trading:
- Union Bank (BUOI) resumed trading on Oct. 15 after holding its postponed AGM on Oct. 5 in which they discussed and approved 2022 annual financial statements and electing seven original and seven alternative board members.
- Mosul Bank (BMFI) resumed trading on Oct. 15 after holding its postponed AGM on Oct. 8 in which they discussed and approved 2022 annual financial statements.
- Baghdad Hotel (HBAG) resumed trading on Oct. 15 after holding its AGM on Oct. 10 in which they discussed and approved electing five original and five alternative board members.
- Gulf Insurance and Reinsurance (NGIR) resumed trading on Oct. 15 after holding its postponed AGM on Oct. 3 in which they discussed and approved 2022 annual financial statements.
- Al-Ahlyia for Agricultural Production (AAHP) resumed trading on Oct. 16 after holding its AGM on Oct. 10 in which they discussed and approved the ending year Mar. 31, 2023 financial statements, electing five original and five alternative board members, and decided to distribute IQD0.02 cash dividend per share, corresponding to a 2.3% dividend yield.
- Original shares of Rehab Karbala (HKAR) resumed trading on Oct. 16 after holding its postponed AGM on Oct. 10 in which they discussed and approved 2022 annual financial statements, increasing the paid-in capital from IQD7.50 bn to IQD7.95 bn through 6% rights issue, adopting the cumulative voting method, and electing five original and five alternative board members.
- Original shares of Arabia Islamic Bank (BAAI) resumed trading on Oct. 17 after holding its AGM on Oct. 6 in which they discussed and approved 2022 annual financial statements and increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.
- Dar Al-Salam for Insurance (NDSA) resumed trading on Oct. 17 after holding its AGM on Oct. 11 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.05 cash dividend per share, corresponding to an 8.1% dividend yield.
- Al Masherq Al-Arabi Islamic Bank (BAMS) resumed trading on Oct. 17 after holding its AGM on Oct. 2 in which they discussed and approved 2022 annual financial statements.
- Trans Iraq Bank for Investment (BTRI) resumed trading on Oct. 18 after holding its AGM on Oct. 11 in which they discussed and approved the merger of BTRI with Iraq Noor Islamic Bank (BINI) and adding the Islamic activity to the company resulting from the merger to be Al-Emaar Islamic Bank for Investment and Finance. The new paid-in capital will be IQD425.01 bn and a new board of directors consisting of seven original and seven alternative members will be elected in a joint AGM for the two banks.
- Al-Ataa Islamic Bank (BLAD) resumed trading on Oct. 18 after holding its AGM on Oct. 12 in which they discussed and approved 2022 annual financial statements.
- Original shares of National Islamic Bank (BNAI) resumed trading on Oct. 19 after holding its AGM on Oct. 17 in which they discussed and approved 2022 annual financial statements and increasing the paid-in capital from IQD251.0 bn to IQD301.0 bn through 19.9% rights issue.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Iraq Noor Islamic Bank (BINI) starting Oct. 15 due to the AGM that will be held on Oct. 18 to discuss and approve 2022 annual financial statements, dividend distribution, and the merger of Iraq Noor Islamic Bank with Trans Iraq Bank for Investment (BTRI) to become Al-Emaar Islamic Bank for Investment and Finance with Islamic activity.
- ISX suspended trading of Baghdad for Packing Materials (IBPM) starting Oct. 15 due to the AGM that will be held on Oct. 18 to discuss and approve 2022 annual financial statements and electing five original and five alternative board members.
- ISX suspended trading of Investment Bank of Iraq (BIBI) starting Oct. 16 due to the AGM that will be held on Oct. 19 to discuss and approve 2022 annual financial statements, dividend distribution, increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through rights and bonus issue, and electing seven original and seven alternative board members.
- ISX suspended trading of Ibdaa Al-Sharq Al-Awsat General Contract (SIBD) starting Oct. 17 due to the AGM that will be held on Oct. 22 to discuss and approve 2022 annual financial statements, dividend distribution, and electing five original and five alternative board members.
- ISX suspended trading of Ashour Hotel (HASH) starting Oct. 19 due to the AGM that will be held on Oct. 24 to discuss and approve 2022 annual financial statements.
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