Iraq Stock Market Report

By Editor on 16th May 2025 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 15th May 2025.

Note: ISX is closed on May 15 and May 18, 2025 due to the Arab Summit. The next trading session will be held on May 19, 2025 (Monday).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/w*	6,295.9	# of Comp. Listed on the ISX / # of Comp. on the OTC Market	104 / 11
Trading Vol. ($ mn)/w*	4.8	# of Traded Comp.	57
Traded Shares (mn)/w*	2,239	# of Companies (Up)	22
Total Trades (#/w)*	3,033	# of Companies (Down)	14
ISX Mcap (IQD bn)	22,743	# of Companies (Not changed)	21
ISX Mcap ($ mn)	17,230	# of Comp. Suspended from Trading (GA)	7
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)
Al-Ahlyia for Agricultural Prod.	AAHP	2.400	19.4%	128.6%
Al-Hilal Industries	IHLI	2.300	14.4%	12.2%
Iraqi for General Transp. (UCM)	SIGT	0.800	12.7%	5.3%
Iraqi for Carton Man.	IICM	1.200	9.1%	-34.4%
Bank of Baghdad	BBOB	4.030	5.2%	12.3%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Iraqi Engineering Works	IIEW	4.250	-14.1%	-52.8%
Trans Iraq Bank for Invest. (NRM)	BTRI	0.840	-7.7%	-8.7%
Mosul Bank	BMFI	0.150	-6.3%	-11.8%
Modern Animal & Agr. Prod. (UCM)	AMAP	0.450	-6.2%	-16.7%
Palestine Hotel (UCM)	HPAL	23.000	-6.1%	4.5%

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	3,049.6	2,310.3	48.6%
Asiacell Communications PJSC	TASC	1,102.9	835.5	17.6%
Al-Mansour Bank	BMNS	638.9	484.0	10.2%
Baghdad Soft Drinks	IBSD	342.1	259.2	5.4%
Mamoura Real-estate Inv.	SMRI	256.1	194.0	4.1%

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	1,684	4,192.0	3,175.7	66.7%
Telecom	361	1,103.0	835.6	17.6%
Industry	368	420.8	318.8	6.7%
Services	394	388.9	294.6	6.2%
Agriculture	148	150.8	114.3	2.4%
Hotels&Tourism	42	24.8	18.8	0.4%
Insurance	12	0.8	0.6	0.0%
Investment	0	0.0	0.0	0.0%
Grand Total	3,009	6,281.0	4,758.3	100.0%

(1) Excluding OTC market

Iraq Stock Exchange

ISX requested Iraqi Engineering Works (IIEW) to explain why the prices touched the lower limit on May 7 and May 13.
The Chairman of the Iraqi Securities Commission and the Chairman of the Board of Governors of the Iraq Stock Exchange participated in the Capital Markets Summit, which kicked off on Wednesday in the United Arab Emirates. The summit brought together a select group of heads of regulatory and financial bodies, representatives of financial markets, investors, and experts from various countries in the region and around the world. His Excellency's participation comes within the framework of the Commission and the market's commitment to enhancing regional and international cooperation and exchanging expertise on best regulatory and supervisory practices in the securities sector. It also highlights Iraq's efforts to develop the financial market environment, attract investment, and enhance trading efficiency and transparency.
Al-Ahlyia for Agricultural Production (AAHP) fulfilled ISX's request to explain why the prices touched the higher limit on May 8 and May 11. The company disclosed that there were no fundamental events or new matters that affected the price of the shares.

Stocks that resumed / will resume trading:

Bank of Baghdad (BBOB) resumed trading on May 11 after holding its AGM on May 3 in which they discussed and approved 2024 annual financial statements and decided to distribute IQD0.65 cash dividend per share, corresponding to a 14.5% dividend yield.
New shares of Investment Bank of Iraq (BIBI) from the capital increase to IQD288.0 bn through a 11.998% bonus issue resumed trading on May 12.
Original shares of Al Masherq Al-Arabi Islamic Bank (BAMS) resumed trading on May 13 after holding its AGM on May 10, in which they discussed and approved 2024 annual financial statements and increasing the paid-in capital from IQD250.0 bn to IQD293.5 bn through a 17.4% bonus issue.
Al-Mansour Hotels (HMAN) resumed trading on May 13 after holding its AGM on May 7, in which they discussed and approved 2023 annual financial statements, direct invitations for investment in the hotel, and decided to distribute IQD0.17 cash dividend per share, corresponding to a 0.4% dividend yield.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of International Development Bank (BIDB) starting May 12 due to the AGM that will be held on May 15 to discuss and approve the 2024 annual financial statements, dividend distribution, and electing seven original and seven alternative board members.
ISX suspended 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 suspended 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.)
ISX will suspend trading of Tourist Village of Mosul Dam (HTVM) starting Jun. 10 due to the AGM that will be held on Jun. 13 to discuss and approve the 2024 annual financial statements.