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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th April 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 | 1,621.5 | 4.2% | 4.3% |
| RSISX USD Index | 1,594.4 | 4.2% | 4.3% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 12,901.5 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 9.8 | # of Traded Companies | 59 |
| Traded Shares (mn)/d | 8,714 | # of Companies (Up) | 17 |
| Total Trades (#/d) | 3,053 | # of Companies (Down) | 19 |
| ISX Mcap (IQD bn) | 19,187 | # of Companies (Not changed) | 23 |
| ISX Mcap ($ mn) | 14,536 | # of Comp. Suspended from Trading (GA) | 6 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 2 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Ameen Estate Inv. (NRM) | SAEI | 3.150 | 18.4% | -37.0% |
| Iraqi Middle East Investment Bank | BIME | 0.110 | 10.0% | -8.3% |
| Asiacell Communications PJSC | TASC | 9.180 | 6.9% | 7.4% |
| Al-Mansour Bank | BMNS | 1.350 | 5.5% | -3.6% |
| Commercial Bank of Iraq | BCOI | 0.790 | 5.3% | 9.7% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Hamraa for Insurance (NRM) | NHAM | 0.750 | -15.7% | -21.1% |
| AL-Wiaam for Financial Inv. (NRM) | VWIF | 0.350 | -10.3% | -55.7% |
| Sumer Commercial Bank | BSUC | 0.100 | -9.1% | -23.1% |
| AL-Badia for General Trans. (UCM) | SBAG | 0.630 | -7.4% | 8.6% |
| Iraqi Date Processing & Marketing | IIDP | 1.700 | -5.6% | 7.6% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al Mustashar Islamic Bank (NRM) | BMUI | 4,321.0 | 3,273.5 | 33.5% |
| National Bank of Iraq | BNOI | 2,557.7 | 1,937.7 | 19.8% |
| Baghdad Soft Drinks | IBSD | 2,414.1 | 1,828.8 | 18.7% |
| Asiacell Communications PJSC | TASC | 1,263.8 | 957.5 | 9.8% |
| Bank of Baghdad | BBOB | 734.0 | 556.0 | 5.7% |
| 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 | 1,627 | 8,323.5 | 6,305.7 | 64.5% | |
| Industry | 602 | 2,620.5 | 1,985.2 | 20.3% | |
| Telecom | 405 | 1,264.0 | 957.5 | 9.8% | |
| Hotels&Tourism | 51 | 309.3 | 234.3 | 2.4% | |
| Agriculture | 201 | 176.7 | 133.8 | 1.4% | |
| Services | 146 | 142.6 | 108.0 | 1.1% | |
| Insurance | 18 | 63.6 | 48.2 | 0.5% | |
| Investment | 3 | 1.3 | 0.9 | 0.0% | |
| Grand Total | 3,053 | 12,901.5 | 9,773.8 | 100.0% | |
Iraq Stock Exchange
- A cross transaction occurred on 4.3 bn shares of Al Mustashar Islamic Bank (BMUI) on Apr. 1, valued at IQD4.3 bn and corresponding to 1.7% of BMUI's capital.
- Fitch Ratings has assigned Cihan Bank for Islamic Investment and Finance (BCIH) a Long-Term Issuer Default Rating (IDR) of 'CCC+'. Fitch has also assigned BCIH a Viability Ratings (VR) of 'ccc+'. (Fitch)
- Economy Bank (BEFI) invited its shareholders to subscribe to 39.1 bn shares starting Apr. 3 from the capital increase to IQD300.0 bn through a 15.6% rights issue and a 4.4% bonus issue. The subscription period is no less than 30 days and no more than 60 days.
- The ISC approved the request of Iraqi Agricultural Products Marketing Meat (AIPM) for an additional extension period of 1 year to submit its 2023 annual financial statements.
Stocks that resumed / will resume trading:
- Iraq Baghdad for General Transport (SBPT) will resume trading on Apr. 7 after holding its postponed Annual General Meeting (AGM) on Apr. 2 in which they discussed and approved 2022 annual financial statements, electing five original and five alternative board members, and decided to distribute IQD1.0 cash dividend per share, corresponding to a 2.3% dividend yield. The bank postponed increasing the paid-in capital from IQD1.3 bn to IQD2.0 bn through a 54% bonus issue for the next AGM. The opening price will be IQD42.000 per share.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of National Bank of Iraq (BNOI) starting Apr. 3 due to the AGM that will be held on Apr. 8 to discuss and approve 2023 annual financial statements, increasing the paid-in capital from IQD300.0 bn to IQD400.0 bn through 33% bonus issue, dividend distribution, and the opening of 7 branches during 2024.
- ISX suspended trading of Mamoura Real-estate Investment (SMRI) starting Mar. 31 due to the AGM that will be held on Apr. 3 to discuss and approve 2023 annual financial statements and dividend distribution.
- ISX will suspend trading of National Company for Tourism Investment (HNTI) starting Apr. 16 due to the AGM that will be held on Apr. 21 to discuss and approve 2022 annual financial statements and dividend distribution.
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