Iraq Stock Market Report

By Editor on 1st March 2024 in Investment

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th February 2024).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	18,629.3	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	14.1	# of Traded Companies	70
Traded Shares (mn)/d	24,240	# of Companies (Up)	22
Total Trades (#/d)	3,321	# of Companies (Down)	26
ISX Mcap (IQD bn)	19,717	# of Companies (Not changed)	22
ISX Mcap ($ mn)	14,937	# 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)
Mosul Dam Tourist Village (NRM)	HTVM	7.470	14.9%	24.5%
Al-Ahlyia for Agricultural Prod.	AAHP	0.900	12.5%	12.5%
AL-Nukhba for Construction	SNUC	0.630	12.5%	34.0%
Ashour Hotel (NRM)	HASH	22.000	10.0%	84.9%
Iraqi Date Processing & Marketing	IIDP	2.050	7.3%	29.7%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Al Taif Islamic Bank	BTIB	0.700	-19.5%	-17.6%
Babylon Bank (UCM)	BBAY	0.080	-11.1%	0.0%
Iraqi Land Transport (UCM)	SILT	1.990	-8.7%	7.0%
Modern Animal & Agr. Prod.	AMAP	0.690	-6.8%	81.6%
National Comp. for Met. Ind. M.&B.	IMIB	2.240	-6.7%	-4.7%

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 Islamic Bank	BNAI	6,693.1	5,070.5	35.9%
Al Mustashar Islamic Bank (NRM)	BMUI	5,144.0	3,897.0	27.6%
Al-Mansour Bank	BMNS	1,257.0	952.3	6.7%
Bank of Baghdad	BBOB	1,181.3	895.0	6.3%
Baghdad Soft Drinks	IBSD	641.2	485.7	3.4%

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	1,623	15,394.4	11,662.4	82.6%
Industry	725	2,008.7	1,521.8	10.8%
Telecom	217	518.8	393.1	2.8%
Services	359	263.5	199.6	1.4%
Agriculture	270	249.2	188.8	1.3%
Hotels&Tourism	96	174.9	132.5	0.9%
Insurance	25	19.8	15.0	0.1%
Investment	6	0.0	0.0	0.0%
Grand Total	3,321	18,629.3	14,113.1	100.0%

Iraq Stock Exchange

A cross transaction occurred on 5.1 bn shares of Al Mustashar Islamic Bank (BMUI) on Feb. 26, valued at IQD5.1 bn and corresponding to 2.1% of BMUI's capital.
A cross transaction occurred on 13.4 bn shares of National Islamic Bank (BNAI) on Feb. 29, valued at IQD6.7 bn and corresponding to 4.4% of BNAI's capital.
The ISC has approved the request of Arabia Islamic Bank (BAAI) to have a two-month extension period to add the new shares resulting from the capital increase through a 20% rights issue to reach IQD300.0 bn starting from Feb. 6, 2024.
The ISC has approved the request of Al-Mosul for Funfairs (SMOF) to have a two-month extension period to add the new shares resulting from the capital increase through a 10% bonus issue to reach IQD1.65 bn starting from Feb. 11, 2024.
The ISC has approved the request of National Household Furniture Industry (IHFI) to have a four-month extension period to add the new shares resulting from the capital increase through a 100% rights issue to reach IQD3.32 bn starting from Feb. 15, 2024.
Al-Ahlyia for Agricultural Production (AAHP) invited its shareholders to receive their cash dividends for the fiscal year ending Mar. 31, 2023 at its headquarters located in Karrada. The company decided in its recent AGM (Oct. 10) to distribute IQD0.02 cash dividend per share, corresponding to a 2.3% dividend yield.

Stocks that resumed / will resume trading:

National Company for Tourism Investment (HNTI) resumed trading on Feb. 28 after holding its postponed AGM on Feb. 22 in which they discussed and approved renting of Al Modif Restaurant, postponing the rent of Al Sadeer Building, and postponing the investment in Al Amara Land.
Al-Mansour Hotels (HMAN) will resume trading on Mar. 3 after holding its AGM on Feb. 26 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.1528 cash dividend per share, corresponding to a 0.4% dividend yield. The opening price will be IQD42.360 per share.