Iraq Stock Market Report

By Editor on 2nd February 2024 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st February 2024).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	9,757.1	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	7.4	# of Traded Companies	67
Traded Shares (mn)/d	9,204	# of Companies (Up)	23
Total Trades (#/d)	4,700	# of Companies (Down)	27
ISX Mcap (IQD bn)	19,713	# of Companies (Not changed)	17
ISX Mcap ($ mn)	14,934	# of Comp. Suspended from Trading (GA)	3
Market FX Rate/ CBI Auction Price (IQD/$)*	1320 / 1310	# of Comp. Suspended from Trading (ISC)	3

*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 Land Transport (UCM)	SILT	2.220	15.0%	19.4%
Al-Ameen for Insurance	NAME	0.630	14.5%	14.5%
Modern Construction Mat. (UCM)	IMCM	0.690	11.3%	16.9%
Ashour Hotel (NRM)	HASH	15.400	10.0%	29.4%
Mosul Dam Tourist Village (NRM)	HTVM	6.500	8.3%	8.3%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Baghdad for Packing Mat. (NRM)	IBPM	3.160	-34.2%	-36.8%
International Islamic Bank (NRM)	BINT	2.200	-15.4%	-15.4%
Investment Bank of Iraq	BIBI	0.440	-15.4%	2.3%
Iraq Noor Islamic Bank (NRM)	BINI	1.150	-14.2%	-14.2%
Iraqi Islamic Bank	BIIB	0.900	-12.6%	30.4%

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	2,259.7	1,711.9	23.2%
Baghdad Soft Drinks	IBSD	938.5	711.0	9.6%
Fallujah for Const. Mat. (NRM)	IFCM	865.0	655.3	8.9%
Ashur International Bank	BASH	858.0	650.0	8.8%
National Bank of Iraq	BNOI	775.5	587.5	7.9%

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	2,750	6,197.1	4,694.8	63.5%
Industry	1,143	2,081.3	1,576.7	21.3%
Hotels&Tourism	225	446.7	338.4	4.6%
Telecom	123	406.3	307.8	4.2%
Agriculture	49	347.4	263.2	3.6%
Services	362	270.8	205.2	2.8%
Insurance	41	7.3	5.5	0.1%
Investment	7	0.2	0.1	0.0%
Grand Total	4,700	9,757.1	7,391.7	100.0%

Iraq Stock Exchange

The total number of transactions increased 46% in January compared to December to 19.6 K. The total trading volume of the ISX decreased 29% month-on-month in January to IQD58.8 bn. Excluding the cross transactions, monthly trading volume showed a 13% m/m growth, reaching IQD39.8 bn in January.
Baghdad Hotel (HBAG) invited its shareholders to receive their cash dividends for the fiscal year 2022 starting Jan. 28. The company decided in its recent AGM (Dec. 24) to distribute IQD0.49 cash dividend per share, corresponding to an 4.4% dividend yield.
AL- Kindi of Veterinary Vaccines Drugs (IKLV) invited its shareholders, who have not received their cash dividends for previous years, to visit the company's headquarters to receive their dividends.

Stocks that resumed / will resume trading:

New shares of National Islamic Bank (BNAI), resulting from the capital increase through a 19.9% rights issue to IQD301.0 bn, resumed trading on Jan. 30.
New shares of Investment Bank of Iraq (BIBI), resulting from the capital increase through a 2.86% bonus issue to IQD257.1 bn, resumed trading on Jan. 30.
Asiacell (TASC) resumed trading on Feb. 1 after holding its AGM on Jan. 27 in which they discussed and approved electing nine original and nine alternative board members.
Al Ansari Islamic Bank (BANS) resumed trading on Feb. 1 after holding its AGM on Jan. 25 in which they discussed and approved 2022 annual financial statements.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Al Masherq Al-Arabi Islamic Bank (BAMS) starting Jan. 31 due to the AGM that will be held on Feb. 4 to discuss and approve increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.
ISX will suspend trading of Modern Chemical Industries (IMCI) starting Feb. 11 due to the AGM that will be held on Feb. 14 to discuss and approve 2022 annual financial statements.
ISX will suspend trading of Al-Mansour Hotels (HMAN) starting Feb. 21 due to the AGM that will be held on Feb. 26 to discuss and approve 2022 annual financial statements and distributing IQD0.5 cash dividend per share.