Iraq Stock Market Report

By Editor on 15th December 2023 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th December 2023).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	18,549.7	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	14.1	# of Traded Companies	58
Traded Shares (mn)/d	25,389	# of Companies (Up)	10
Total Trades (#/d)	3,346	# of Companies (Down)	30
ISX Mcap (IQD bn)	19,061	# of Companies (Not changed)	18
ISX Mcap ($ mn)	14,440	# of Comp. Suspended from Trading (GA)	5
Market FX Rate/ CBI Auction Price (IQD/$)*	1320 / 1310	# of Comp. Suspended from Trading (ISC)	6

*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)
Iraqi Agricultural Prod. Mark. Meat	AIPM	6.800	36.0%	-0.7%
Al-Mansour Bank	BMNS	1.160	14.9%	100.0%
AL-Badia for General Trans. (UCM)	SBAG	0.560	12.0%	47.4%
Economy Bank	BEFI	0.200	11.1%	11.1%
Bank of Baghdad	BBOB	3.590	10.8%	232.4%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Palestine Hotel (UCM)	HPAL	20.000	-17.7%	40.8%
Al-Ameen for Insurance	NAME	0.550	-8.3%	14.6%
National Comp. for Met. Ind. M.&B.	IMIB	2.360	-6.7%	-26.3%
Modern Animal & Agr. Prod. (UCM)	AMAP	0.380	-5.0%	-43.3%
National Company for Tourism Inv.	HNTI	11.000	-4.3%	7.0%

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	8,989.6	6,810.3	48.5%
Bank of Baghdad	BBOB	2,877.0	2,179.5	15.5%
Al-Mansour Bank	BMNS	1,957.0	1,482.6	10.6%
National Bank of Iraq	BNOI	1,323.8	1,002.9	7.1%
Asiacell Communications PJSC	TASC	626.2	474.4	3.4%

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	1,920	16,183.0	12,259.9	87.2%
Industry	656	863.7	654.3	4.7%
Telecom	223	626.2	474.4	3.4%
Agriculture	270	583.1	441.8	3.1%
Services	154	199.5	151.1	1.1%
Hotels&Tourism	106	90.6	68.7	0.5%
Insurance	17	3.5	2.7	0.0%
Investment	0	0.0	0.0	0.0%
Grand Total	3,346	18,549.7	14,052.8	100.0%

Iraq Stock Exchange

A cross transaction occurred on 18.0 bn shares of National Islamic Bank (BNAI) on Dec. 12, valued at IQD9.0 bn and corresponding to 7.2% of BNAI's capital.

Stocks that resumed / will resume trading:

Al -Khazer for Construction Materials (IKHC) resumed trading on Dec. 11 after holding its AGM on Dec. 2 in which they discussed and approved 2022 annual financial statements and deciding to distribute IQD0.02453 cash dividend per share, corresponding to a 1.4% dividend yield.
Al Taif Islamic Bank (BTIB) resumed trading on Dec. 14 after holding its AGM on Dec. 5 in which they discussed and approved 2022 annual financial statements. The bank postponed increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Al-Mansour Bank (BMNS) starting Dec. 12 due to the AGM that will be held on Dec. 19 to discuss and approve increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through rights and bonus issue.
ISX suspended trading of Elaf Islamic Bank (BELF) starting Dec. 11 due to the AGM that will be held on Dec. 14 to discuss and approve 2021 & 2022 annual financial statements, dividend distribution, adopting the cumulative voting method, electing seven original and seven alternative board members, and increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.
ISX suspended trading of Al-Qabedh Islamic Bank (BQAB) starting Dec. 11 due to the AGM that will be held on Dec. 14 to discuss and approve 2022 annual financial statements and dividend distribution.
ISX will suspend trading of Baghdad Hotel (HBAG) starting Dec. 17 due to the AGM that will be held on Dec. 24 to discuss and approve 2022 annual financial statements and dividend distribution.