Iraq Stock Market Report

By Editor on 9th February 2024 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th February 2024).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	14,329.5	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	10.9	# of Traded Companies	63
Traded Shares (mn)/d	11,144	# of Companies (Up)	23
Total Trades (#/d)	3,881	# of Companies (Down)	24
ISX Mcap (IQD bn)	19,490	# of Companies (Not changed)	16
ISX Mcap ($ mn)	14,765	# of Comp. Suspended from Trading (GA)	3
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)
Iraqi Date Processing & Marketing	IIDP	1.780	31.9%	12.7%
Al -Khazer for Construction M.	IKHC	1.780	14.8%	11.3%
Babylon Bank (UCM)	BBAY	0.080	14.3%	0.0%
United Bank	BUND	0.090	12.5%	12.5%
Kharkh Tour Amuzement City	SKTA	5.690	11.6%	16.1%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Al-Mansour Bank	BMNS	1.400	-21.3%	0.0%
Baghdad for Packing Mat. (NRM)	IBPM	2.510	-20.6%	-49.8%
International Islamic Bank (NRM)	BINT	1.760	-20.0%	-32.3%
Investment Bank of Iraq	BIBI	0.380	-13.6%	-11.6%
Ashur International Bank	BASH	0.340	-12.8%	-19.0%

Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($'000)/d	Share in Total Trad. Vol.(%)
Al Mustashar Islamic Bank (NRM)	BMUI	5,915.6	4,481.5	41.3%
Al-Mansour Bank	BMNS	2,067.4	1,566.2	14.4%
National Bank of Iraq	BNOI	1,250.6	947.4	8.7%
Baghdad Soft Drinks	IBSD	1,018.4	771.5	7.1%
Bank of Baghdad	BBOB	989.7	749.8	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. (%)
Banking	1,992	11,132.5	8,433.7	77.7%
Industry	966	1,480.7	1,121.8	10.3%
Telecom	356	929.9	704.5	6.5%
Hotels&Tourism	171	429.6	325.4	3.0%
Services	361	333.9	253.0	2.3%
Agriculture	26	18.2	13.8	0.1%
Insurance	9	4.7	3.6	0.0%
Investment	0	0.0	0.0	0.0%
Grand Total	3,881	14,329.5	10,855.7	100.0%

Iraq Stock Exchange

Two cross transactions occurred on 6.0 bn shares of Al Mustashar Islamic Bank (BMUI) on Feb. 4 and Feb. 7, valued at IQD6.0 bn and corresponding to 2.3% of BMUI's capital.
Al-Mansour Bank (BMNS) invited its shareholders to subscribe on 40 bn shares starting Feb. 4 from the capital increase to IQD300.0 bn through 16% rights issue and a 4% bonus issue. The subscription period is no less than 30 days and no more than 60 days.
ISX requested Iraqi Date Processing and Marketing (IIDP) to explain why the prices touched the higher limit on Feb. 5 and Feb. 7.

Stocks that were suspended / will be suspended from trading:

ISX will suspend trading of Economy Bank (BEFI) starting Feb. 11 due to the AGM that will be held on Feb. 14 to discuss and approve increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 15.6% rights issue and a 4.4% bonus issue.
ISX will suspend trading of National Company for Tourism Investment (HNTI) starting Feb. 12 due to the AGM that will be held on Feb. 15 to discuss and approve renting of Al Sadeer building, renting of Al Modif restaurant, and investing in Al Amara land.
ISX will suspend trading of AL-Wiaam for Financial Investment (VWIF) starting Feb. 13 due to the AGM that will be held on Feb. 17 to discuss and approve 2018 until 2022 annual financial statements, increasing the paid-in capital from IQD2.0 bn to IQD5.0 bn through 150% rights issue, dividend distribution, and electing seven original and seven alternative board members.