Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 17th April 2025.

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 2,350.2 3.6% 4.5%
RSISX USD Index 2,310.9 3.6% 4.5%
ISX Market Summary of This Week
Trading Vol. (IQD mn)/w* 10,956.6 # of Comp. Listed on the ISX /

# of Comp. on the OTC Market

104

/ 11

Trading Vol. ($ mn)/w* 8.3 # of Traded Comp. 59
Traded Shares (mn)/w* 4,681     # of Companies (Up) 20
Total Trades (#/w)* 4,799     # of Companies (Down) 29
ISX Mcap (IQD bn) 22,677     # of Companies (Not changed) 10
ISX Mcap ($ mn) 17,180 # of Comp. Suspended from Trading (GA) 5
Market FX Rate**/
CBI Auction Price (IQD/$)***
1320

/ 1310

# of Comp. Suspended from Trading (ISC) 8

* Including OTC market

** Selling price of the dollar by 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)
Investment Bank of Iraq BIBI 0.290 20.8% -12.1%
Kurdistan Int. Islamic Bank BKUI 1.260 14.5% 85.3%
Nat. Chem. & Plastic Ind. (UCM) INCP 2.520 14.5% 8.6%
Iraqi Agricultural Prod. Mark. Meat AIPM 5.750 13.9% 0.9%
Al Taif Islamic Bank BTIB 1.000 8.7% 0.0%
Top 5 Losers - Weekly
Company Names ISX Code Closing Price(IQD) Price Change (w/w) Price Chg. (YTD)
Al -Khazer for Construction M. IKHC 1.500 -9.1% -31.8%
Al-Ahlyia for Agricultural Prod. AAHP 1.100 -9.1% 4.8%
Mansour Hotel HMAN 50.000 -7.4% 22.0%
Rehab Karbala Company HKAR 0.700 -6.7% -6.7%
Al-Ameen for Insurance NAME 0.800 -5.9% 6.7%
Top 5 Active by Weekly Trading Volume
Company Names ISX Code Trading Vol. (IQDmn)/d Trading Vol. ($'000)/d Share in Total Trad. Vol.(%)
Bank of Baghdad BBOB 5,094.3 3,859.3 46.7%
National Bank of Iraq BNOI 1,533.4 1,161.7 14.1%
Asiacell Communications PJSC TASC 994.9 753.7 9.1%
Al-Mansour Bank BMNS 901.4 682.9 8.3%
Baghdad Soft Drinks IBSD 589.6 446.7 5.4%
Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1)
Sector No.of Trades/w Trading Vol. (IQD mn)/w Trading Vol. ('000 $)/w Share in Total Trading Vol. (%)
Banking 3,069 8,246.2 6,247.1 75.6%
Telecom 358 995.6 754.3 9.1%
Industry 751 863.2 653.9 7.9%
Agriculture 233 405.4 307.1 3.7%
Hotels&Tourism 75 257.3 194.9 2.4%
Services 205 136.7 103.6 1.3%
Insurance 21 3.8 2.9 0.0%
Investment 0 0.0 0.0 0.0%
Grand Total 4,712 10,908.1 8,263.7 100.0%

(1) Excluding OTC market

Iraq Stock Exchange

  • On Tuesday, Apr. 15, 2025, the Iraqi Securities Commission (ISC) launched its first Environmental, Social, and Governance (ESG) guide for companies listed on the ISX. This follows nearly a year of joint work and ongoing engagement with the International Finance Corporation (IFC), a member of the World Bank Group. Through this guide, the ISC seeks to institutionalize best practices for environmental, social, and corporate governance (ESG) standards into Iraqi business culture by making implementation mandatory for companies listed on the ISX. Banks listed on the ISX will be subject to the Environmental, Social, and Governance (ESG) Guide issued by the Central Bank. (To view the ESG Guide for companies listed on the ISX, please click here.) (ISC)
  • A cross transaction occurred on 340.0 mn shares of Bank of Baghdad (BBOB) on Apr. 15, valued at IQD1.53 bn and corresponding to 0.1% of BBOB's capital.
  • Fitch Ratings has affirmed Al-Mansour Bank for Investment PJSC's (BMNS) Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook and its Viability Rating (VR) at 'ccc+'. (Fitch Ratings)
  • Fitch Ratings has affirmed Region Trade Bank for Investment and Finance Private Shareholding's (BRTB) Long-Term Issuer Default Rating (IDR) at 'CCC+' and Viability Rating (VR) at 'ccc+'. (Fitch Ratings)
  • The procedures for quoting The Iraqi Company for Deposit Insurance (FIDI) on the OTC platform with its capital of IQD100.0 bn have been completed based on the instructions of the Securities Commission. The process of creating share certificates for the company's shareholders began on Apr. 13. Trading will be launched after depositing 5% of the capital, or after 21 days from the depositing start date.
  • The procedures for quoting Sama Baghdad Exchange (FSBE) on the OTC platform with its capital of IQD10.02 bn have been completed based on the instructions of the Securities Commission. The process of creating share certificates for the company's shareholders began on Apr. 13. Trading will be launched after depositing 5% of the capital, or after 21 days from the depositing start date.
  • The ISC approved the request of Iraqi Agricultural Products Marketing Meat (AIPM), Baghdad Hotel (HBAG), Ashour Hotel (HASH), Ishtar Hotels (HISH), and Iraqi Carton Manufacturies (IICM) for an additional extension period of 1 year to submit their 2024 annual financial statements.

Stocks that resumed / will resume trading:

  • Original shares of National Islamic Bank (BNAI) resumed trading on Apr. 14 after holding its AGM on Mar. 27 in which they discussed and approved 2024 annual financial statements and increasing the paid-in capital from IQD351.0 bn to IQD400.0 bn through a 12.54% rights issue and a 1.42% bonus issue.
  • Al-Hamraa for Insurance (NHAM) will resume trading on Apr. 20 after holding its AGM on Apr. 14 in which they discussed and approved the 2023 annual financial statements.

Stocks that were suspended / will be suspended from trading:

  • ISX suspended trading of Al-Hamraa for Insurance (NHAM) starting Apr. 13 due to the AGM that will be held on Apr. 14 to discuss and approve the 2023 annual financial statements.
  • ISX suspended trading of Ishtar Hotels (HISH) starting Apr. 13 due to the AGM that will be held on Apr. 16 to discuss and approve the 2021 & 2022 annual financial statements.
  • ISX suspended trading of Baghdad Hotel (HBAG) starting Apr. 16 due to the AGM that will be held on Apr. 21 to discuss and approve the letter of Jamal Al-Widyan Tourism Investments Company (the investing company of the Baghdad Hotel) regarding the rehabilitation of the hotel.
  • ISX suspended trading of Middle East Producing & Marketing - Fish (AMEF) starting Apr. 17 due to the AGM that will be held on Apr. 22 to discuss and approve electing five original and five alternative board members.
  • ISX will suspend trading of Al-Ameen Financial Investment (VAMF) starting May 13 due to the AGM that will be held on May 18 to discuss and approve the 2024 annual financial statements and dividend distribution.
  • ISX will suspend trading of Ameen Al-Iraq Islamic Bank (BAME) starting May 14 due to the AGM that will be held on May 19 to discuss and approve increasing the paid-in capital from IQD250.0 bn to IQD400.0 bn through a 60.0% rights issue. (In its previous AGM, which was held on Oct. 15, 2024, the bank decided to increase its capital from IQD250 bn to IQD353 bn through a 40.0% rights issue and a 1.2% bonus issue, however, it was announced on Feb. 13 that there was no subscription.)

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