Iraq Stock Market Report

By Editor on 22nd December 2023 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21th December 2023).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	19,539.4	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	14.8	# of Traded Companies	58
Traded Shares (mn)/d	18,213	# of Companies (Up)	22
Total Trades (#/d)	1,927	# of Companies (Down)	23
ISX Mcap (IQD bn)	18,981	# of Companies (Not changed)	13
ISX Mcap ($ mn)	14,380	# of Comp. Suspended from Trading (GA)	7
Market FX Rate/ CBI Auction Price (IQD/$)*	1320 / 1310	# of Comp. Suspended from Trading (ISC)	4

*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 Financial Inv. (NRM)	VAMF	0.950	18.8%	90.0%
Iraqi Islamic Bank	BIIB	0.700	16.7%	55.6%
Al-Ameen Estate Inv. (NRM)	SAEI	6.400	16.4%	700.0%
Iraqi Agricultural Prod. Mark. Meat	AIPM	7.700	13.2%	12.4%
Al Taif Islamic Bank	BTIB	0.850	11.8%	-15.0%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Iraqi Agricultural Products	AIRP	21.000	-10.6%	-13.4%
Al -Khazer for Construction M.	IKHC	1.600	-8.6%	-17.1%
Sumer Commercial Bank	BSUC	0.130	-7.1%	-27.8%
Baghdad Passengers Transport	SBPT	42.000	-6.7%	52.7%
Middle East Prod. & Marketing-Fish	AMEF	7.500	-6.3%	-10.2%

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	15,527.8	11,763.5	79.5%
Bank of Baghdad	BBOB	1,290.9	977.9	6.6%
Asiacell Communications PJSC	TASC	582.1	441.0	3.0%
National Bank of Iraq	BNOI	487.2	369.1	2.5%
Baghdad Passengers Transport	SBPT	206.1	156.1	1.1%

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	728	17,767.1	13,459.9	90.9%
Telecom	277	582.1	441.0	3.0%
Services	248	561.5	425.4	2.9%
Industry	499	444.0	336.4	2.3%
Agriculture	50	93.1	70.5	0.5%
Hotels&Tourism	65	75.4	57.1	0.4%
Insurance	59	16.1	12.2	0.1%
Investment	1	0.0	0.0	0.0%
Grand Total	1,927	19,539.4	14,802.6	100.0%

Iraq Stock Exchange

A cross transaction occurred on 15.5 bn shares of Al Mustashar Islamic Bank (BMUI) on Dec. 21, valued at IQD15.5 bn and corresponding to 6.2% of BMUI's capital.
Al-Mansour Bank (BMNS) decided in its AGM held on Dec. 19 to increase the paid-in capital from IQD250.0 bn to IQD300.0 bn through a 16% rights issue and a 4% bonus issue.
Al-HiLal Industries (IHLI) and National Chemical & Plastic Industries (INCP) were moved to the Undisclosed Capital Market (UCM) and resumed trading on Dec. 21.
Iraqi Agricultural Products (AIRP) announced that the company will stop distributing dividends from Dec. 24, 2023 until Jan. 6, 2024.
International Development Bank (BIDB) has completed the legal procedures for the capital increase through a 20% bonus issue to IQD300.0 bn.
The ISC did not approve the request of Al-Sadeer Hotel (HSAD) for an additional extension period of 1 year to submit its 2022 annual financial statements because the company sent the final accounts to the office financial control outside the period referred to in ISC's letter.

Stocks that were suspended / will be suspended from trading:

ISX suspended 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.
ISX suspended trading of Iraqi Agricultural Products Marketing Meat (AIPM) starting Dec. 20 due to the AGM that will be held on Dec. 24 to discuss and approve 2022 annual financial statements and dividend distribution.
ISX will suspend trading of Iraqi Islamic Bank (BIIB) starting Dec. 25 due to the AGM that will be held on Dec. 29 to discuss and approve increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 16% rights issue and 4% bonus issue.
ISX will suspend trading of Iraqi Engineering Works (IIEW) starting Dec. 27 due to the AGM that will be held on Jan. 3 to discuss and approve 2022 annual financial statements.