Iraq Stock Market Report

By Editor on 23rd May 2025 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 22nd May 2025.

ISX Market Summary of This Week
Trading Vol. (IQD mn)/w*	6,414.4	# of Comp. Listed on the ISX / # of Comp. on the OTC Market	104 / 11
Trading Vol. ($ mn)/w*	4.9	# of Traded Comp.	63
Traded Shares (mn)/w*	3,946	# of Companies (Up)	28
Total Trades (#/w)*	2,255	# of Companies (Down)	18
ISX Mcap (IQD bn)	22,624	# of Companies (Not changed)	17
ISX Mcap ($ mn)	17,139	# 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)
Iraqi for General Transp. (UCM)	SIGT	0.960	20.0%	26.3%
Al-Hilal Industries	IHLI	2.700	17.4%	31.7%
International Dev. Bank (NRM)	BIDB	1.000	13.6%	13.6%
Al-Ameen for Insurance	NAME	1.050	11.7%	40.0%
Elaf Islamic Bank	BELF	0.440	10.0%	-4.3%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
AL-Wiaam for Financial Inv. (NRM)	VWIF	0.300	-18.9%	-18.9%
Ashour Hotel (NRM)	HASH	21.000	-12.5%	-19.2%
Sumer Commercial Bank	BSUC	0.080	-11.1%	-20.0%
Ready Made Clothes	IRMC	2.700	-6.9%	-26.0%
Rehab Karbala Company	HKAR	0.700	-6.7%	-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	2,040.1	1,545.5	31.9%
Asia Al Iraq Islamic Bank	BAIB	1,890.0	1,431.8	29.6%
Baghdad Soft Drinks	IBSD	764.2	578.9	12.0%
Asiacell Communications PJSC	TASC	518.1	392.5	8.1%
Al-Mansour Bank	BMNS	307.7	233.1	4.8%

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	1,247	4,670.2	3,538.0	73.1%
Industry	502	876.9	664.3	13.7%
Telecom	138	518.1	392.5	8.1%
Hotels&Tourism	57	174.6	132.2	2.7%
Agriculture	142	104.3	79.0	1.6%
Services	98	44.1	33.4	0.7%
Insurance	15	0.1	0.1	0.0%
Investment	9	0.1	0.0	0.0%
Grand Total	2,208	6,388.4	4,839.7	100.0%

(1) Excluding OTC market

Iraq Stock Exchange

The Iraqi Securities Commission, in cooperation with the General Secretariat of the Council of Ministers, announced the launch of a new electronic service for registering information about joint-stock and brokerage companies through the Republic of Iraq's government services portal, "Ur." (ISC)
A cross transaction occurred on 1.9 bn shares of Asia Al Iraq Islamic Bank (BAIB) on May 20, valued at IQD1.7 bn and corresponding to 0.8% of BAIB's capital.
The ISC has approved the request of National Bank of Iraq (BNOI) to have an extension period to add the new shares from the capital increase through a 30.0% bonus issue to IQD520.0 bn until Jun. 15, 2025.
The ISC has approved the request of Gulf Commercial Bank (BGUC) to have a four-month extension period to add the new shares from the capital increase through a 16.67% rights issue to IQD350.0 bn starting from May 7, 2025.

Stocks that resumed / will resume trading:

Original shares of Iraqi Islamic Bank (BIIB) resumed trading on May 20 after holding its AGM on May 10 in which they discussed and approved 2024 annual financial statements, increasing the paid-in capital from IQD325.0 bn to IQD400.0 bn through a 12.31% rights issue (56/fourth; increasing the capital by IQD40 bn by issuing shares in favor of Safwa Islamic Bank (Jordan)) and a 10.77% bonus issue, and electing two original and nine alternative board members.
Al-Ameen Financial Investment (VAMF) resumed trading on May 20 after holding its AGM on May 18 in which they discussed and approved 2024 annual financial statements.
International Development Bank (BIDB) resumed trading on May 21 after holding its AGM on May 15, in which they discussed and approved 2024 annual financial statements, electing seven original and seven alternative board members, and decided to distribute IQD0.125 cash dividend per share, corresponding to a 12.5% dividend yield.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Asiacell (TASC) starting May 20 due to the AGM that will be held on May 24 to discuss and approve the 2024 annual financial statements and dividend distribution.
ISX suspended trading of Commercial Islamic Bank of Iraq (BCOI) starting May 20 due to the AGM that will be held on May 24 to discuss and approve the 2024 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD292.5 bn to IQD327.6 bn through a 12% bonus issue.
ISX suspended trading of Gulf Commercial Bank (BGUC) starting May 20 due to the AGM that will be held on May 23 to discuss and approve the 2024 annual financial statements and the agreement prepared between BGUC and the Arab Jordan Investment Bank, which includes providing administrative consulting.
ISX will suspend trading of Al-Ameen Insurance (NAME) starting Jun. 19 due to the AGM that will be held on Jun. 24 to discuss and approve the 2023 annual financial statements, dividend distribution, and electing five original and five alternative board members.