Iraq Stock Market Report

By Editor on 8th March 2024 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th March 2024).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	15,443.6	# of Listed Companies on the ISX	104
Trading Vol. ($ mn)/d	11.7	# of Traded Companies	65
Traded Shares (mn)/d	18,052	# of Companies (Up)	29
Total Trades (#/d)	3,769	# of Companies (Down)	20
ISX Mcap (IQD bn)	19,608	# of Companies (Not changed)	16
ISX Mcap ($ mn)	14,855	# of Comp. Suspended from Trading (GA)	3
Market FX Rate/ CBI Auction Price (IQD/$)*	1320 / 1310	# of Comp. Suspended from Trading (ISC)	2

*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	11.830	58.4%	97.2%
AL-Nukhba for Construction	SNUC	0.730	15.9%	55.3%
Al -Khazer for Construction M.	IKHC	3.430	14.7%	114.4%
Babylon Hotel	HBAY	115.000	9.5%	15.0%
Al-Ameen for Insurance	NAME	0.650	8.3%	18.2%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
International Islamic Bank (NRM)	BINT	1.100	-45.0%	-57.7%
AL-Wiaam for Financial Inv. (NRM)	VWIF	0.450	-42.3%	-43.0%
Nationality H. Furniture (NRM)	IHFI	2.500	-16.7%	-15.3%
Iraqi Engineering Works	IIEW	4.270	-14.9%	-28.7%
Sumer Commercial Bank	BSUC	0.100	-9.1%	-23.1%

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	5,487.9	4,157.5	35.5%
Iraqi Islamic Bank	BIIB	2,543.8	1,927.1	16.5%
Al-Mansour Bank	BMNS	2,199.6	1,666.4	14.2%
Bank of Baghdad	BBOB	1,706.3	1,292.6	11.0%
National Bank of Iraq	BNOI	666.0	504.6	4.3%

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	1,833	12,942.1	9,804.6	83.8%
Industry	786	763.4	578.3	4.9%
Telecom	347	628.0	475.8	4.1%
Services	371	525.7	398.2	3.4%
Hotels&Tourism	125	289.6	219.4	1.9%
Agriculture	275	283.8	215.0	1.8%
Insurance	30	11.0	8.3	0.1%
Investment	2	0.0	0.0	0.0%
Grand Total	3,769	15,443.6	11,699.7	100.0%

Iraq Stock Exchange

Two cross transactions occurred on 11.0 bn shares of National Islamic Bank (BNAI) on Mar. 4 and Mar. 6, valued at IQD5.5 bn and corresponding to 3.6% of BNAI's capital.
A cross transaction occurred on 2.5 bn shares of Iraqi Islamic Bank (BIIB) on Mar. 4, valued at IQD2.5 bn and corresponding to 1.0% of BIIB's capital.
On March 7th, the second issuance of the binaa bonds (CB20) traded for the first time, amounted to IQD24.1 bn.
ISX announced that on Mar. 7, 2024, the deposit operations for the second issuance of "Emaar bonds" began in the deposit center. The bonds will be launched for trading starting Mar. 27, 2024 on the bond platform.
ISX published an update for the regulations for listing, depositing and trading government bonds on March 7, 2024. Please click HERE for the document.
Arabia Islamic Bank (BAAI) invited its shareholders to subscribe to 50 bn shares starting Mar. 3 from the capital increase to IQD300 bn through a 20% rights issue. The subscription period is no less than 30 days and no more than 60 days.
Subscription to the capital increase of Al-Mansour Bank (BMNS) through a 16% rights issue and a 4% bonus issue, increasing from IQD250.0 bn to IQD300.0 bn, ended on Mar. 4.

Stocks that resumed / will resume trading:

Al-Mansour Hotels (HMAN) resumed 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.
Kurdistan International Islamic Bank (BKUI) resumed trading on Mar. 7 after disclosing its FY22, 3M23, and 9M23 financial results.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading Iraqi Land Transport (SILT) starting Mar. 3 due to the AGM that will be held on Mar. 6 to discuss and approve electing five original and five alternative board members if a vote is taken in favor of dismissal of current board members.
ISX will suspend trading of Iraq Baghdad for General Transport (SBPT) starting Mar. 24 due to the AGM that will be held on Mar. 26 to discuss and approve 2022 annual financial statements, dividend distribution, increasing the paid-in capital from IQD1.3 bn to IQD2.0 bn through 54% bonus issue, and electing new board members.