Iraq Stock Market Report

By Editor on 3rd November 2023 in Investment

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd November 2023).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	5,459.4	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	4.1	# of Traded Companies	56
Traded Shares (mn)/d	6,460	# of Companies (Up)	26
Total Trades (#/d)	3,297	# of Companies (Down)	19
ISX Mcap (IQD bn)	18,232	# of Companies (Not changed)	11
ISX Mcap ($ mn)	13,812	# of Comp. Suspended from Trading (GA)	4
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)
Baghdad for Packing Materials (NR)	IBPM	2.400	20.0%	20.0%
Dar Al-Salam for Insurance	NDSA	0.710	18.3%	10.9%
Al-Mansour Bank	BMNS	0.990	8.8%	71.4%
Palestine Hotel (UCM)	HPAL	20.500	7.9%	44.4%
National Bank of Iraq	BNOI	2.600	6.1%	162.6%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Al -Khazer for Construction M.	IKHC	1.500	-14.3%	-23.1%
Iraqi for Seed Production	AISP	9.500	-14.1%	-6.4%
AL-Badia for General Trans. (UCM)	SBAG	0.580	-13.4%	52.6%
Al Taif Islamic Bank	BTIB	0.700	-10.3%	-30.0%
Modern Sewing	IMOS	10.500	-9.5%	97.7%

Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($'000)/d	Share in Total Trad. Vol.(%)
Bank of Baghdad	BBOB	983.0	744.7	18.0%
Iraqi for Seed Production	AISP	857.2	649.4	15.7%
Economy Bank	BEFI	580.2	439.5	10.6%
Asiacell Communications PJSC	TASC	549.8	416.6	10.1%
National Bank of Iraq	BNOI	465.0	352.2	8.5%

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. (%)
Banking	1,153	2,833.7	2,146.8	51.9%
Agriculture	796	898.3	680.5	16.5%
Hotels&Tourism	361	557.3	422.2	10.2%
Telecom	293	550.2	416.8	10.1%
Industry	559	549.2	416.1	10.1%
Services	98	59.4	45.0	1.1%
Insurance	37	11.2	8.5	0.2%
Investment	0	0.0	0.0	0.0%
Grand Total	3,297	5,459.4	4,135.9	100.0%

Weekly News from Iraq

Iraq Stock Exchange

National Bank of Iraq (BNOI) has formally joined KRG's 'My Account' financial inclusion initiative to provide more banking products, and services including digital payments. (Iraq Business News)

Stocks that resumed / will resume trading:

Original shares of Investment Bank of Iraq (BIBI) resumed trading on Oct. 29 after holding its AGM on Oct. 19 in which they discussed and approved 2022 annual financial statements, increasing the paid-in capital from IQD250.0 bn to IQD257.1 bn through 2.86% bonus issue, and electing seven original and seven alternative board members. The bank will hold an AGM before the end of the year to increase the paid-in capital through rights issues.
AL- Kindi of Veterinary Vaccines Drugs (IKLV) resumed trading on Oct. 30 after holding its AGM on Oct. 25 in which they discussed and approved 2022 annual financial statements.
Baghdad for Packing Materials (IBPM) resumed trading on Oct. 30 after holding its postponed AGM on Oct. 25 in which they discussed and approved 2022 annual financial statements and elected five original and five alternative board members.
Kharkh Tour Amusement City (SKTA) resumed trading on Oct. 30 after holding its AGM on Oct. 26 in which they discussed and approved electing seven original and seven alternative board members.
Ashour Hotel (HASH) resumed trading on Nov. 2 after holding its AGM on Oct. 24 in which they discussed and approved 2022 annual financial statements.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Fallujah for Construction Materials (IFCM) starting Oct. 30 due to the AGM that will be held on Nov. 2 to discuss and approve 2020 & 2021 annual financial statements and electing five original and five alternative board members.
ISX will suspend trading of Sumer Commercial Bank (BSUC) starting Nov. 7 due to the AGM that will be held on Nov. 12 to discuss and approve 2022 annual financial statements and dividend distribution.
ISX will suspend trading of Iraqi Islamic Bank (BIIB) starting Nov. 7 due to the AGM that will be held on Nov. 11 to discuss and approve 2022 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.