Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th January 2024).

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 1,563.6 2.9% 0.6%
RSISX USD Index 1,537.5 2.9% 0.6%
ISX Market Summary of This Week
Trading Vol. (IQD mn)/d 10,024.1 # of Listed Companies on the ISX 103
Trading Vol. ($ mn)/d 7.6 # of Traded Companies 60
Traded Shares (mn)/d 7,870     # of Companies (Up) 13
Total Trades (#/d) 4,541     # of Companies (Down) 24
ISX Mcap (IQD bn) 19,339     # of Companies (Not changed) 23
ISX Mcap ($ mn) 14,651 # of Comp. Suspended from Trading (GA) 2
Market FX Rate*/
CBI Auction Price (IQD/$)**
1320

/ 1310

# of Comp. Suspended from Trading (ISC) 3

*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)
Palestine Hotel (UCM) HPAL 26.000 20.8% 33.1%
Gulf Insurance&Reinsurance NGIR 0.340 17.2% 17.2%
National Bank of Iraq BNOI 2.900 16.9% 19.3%
Iraqi Islamic Bank BIIB 0.780 13.0% 13.0%
Nat. Chem. & Plastic Ind. (UCM) INCP 1.780 7.2% 1.7%
Top 5 Losers - Weekly
Company Names ISX Code Closing Price(IQD) Price Change (w/w) Price Chg. (YTD)
Al-Ameen Estate Inv. (NRM) SAEI 2.980 -22.6% -40.4%
Trans Iraq Bank for Invest. (NRM) BTRI 0.800 -14.9% -36.0%
Babylon Bank (UCM) BBAY 0.070 -12.5% -12.5%
Iraqi for General Transp. (UCM) SIGT 1.280 -8.6% -8.6%
Iraqi Date Processing & Marketing IIDP 1.300 -7.1% -17.7%
Top 5 Active by Weekly Trading Volume
Company Names ISX Code Trading Vol. (IQDmn)/d Trading Vol. ($'000)/d Share in Total Trad. Vol.(%)
National Bank of Iraq BNOI 3,818.3 2,892.7 38.1%
Bank of Baghdad BBOB 1,144.7 867.2 11.4%
Fallujah for Const. Mat. (NRM) IFCM 856.6 648.9 8.5%
Asiacell Communications PJSC TASC 803.2 608.5 8.0%
Baghdad Soft Drinks IBSD 456.8 346.0 4.6%
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 2,674 6,643.3 5,032.8 66.3%
Industry 1,026 1,593.3 1,207.1 15.9%
Telecom 284 804.1 609.2 8.0%
Services 352 583.3 441.9 5.8%
Hotels&Tourism 122 387.9 293.9 3.9%
Insurance 60 6.5 4.9 0.1%
Agriculture 17 4.8 3.6 0.0%
Investment 6 0.8 0.6 0.0%
Grand Total 4,541 10,024.1 7,594.0 100.0%

Iraq Stock Exchange

  • Cihan Bank for Islamic & Finance (BCIH) invited its shareholders to subscribe on 21.2 bn shares starting Jan. 18 from the capital increase to IQD305.0 bn through 8.3% rights issue and 11.3% bonus issue. The subscription period is no less than 30 days and no more than 60 days.
  • National Islamic Bank (BNAI) has completed the legal procedures for the capital increase through a 19.9% rights issue to IQD301.0 bn.

Stocks that resumed / will resume trading:

  • New shares of Bank of Baghdad (BBOB) from the capital increase through a 20% bonus issue to IQD300 bn resumed trading on Jan. 15.
  • Iraqi Islamic Bank (BIIB) resumed trading on Jan. 16 after holding its postponed AGM on Jan. 5. The bank postponed increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through a 16% rights issue and 4% bonus issue until after the first quarter of 2024.
  • Iraqi for General Transportation (SIGT) resumed trading on Jan. 17 after fulfilling its obligations to the ISX regarding the lack of a fixed headquarters.
  • Tourist Village of Mosul Dam (HTVM) resumed trading on Jan. 18 after holding its AGM on Jan. 13 in which they discussed and approved 2022 annual financial statements.

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