Iraq Stock Market Report
Posted on 05 January 2024 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th January 2024).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,534.0 | -1.3% | -1.3% |
| RSISX USD Index | 1,508.3 | -1.3% | -1.3% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 5,288.0 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 4.0 | # of Traded Companies | 47 |
| Traded Shares (mn)/d | 5,863 | # of Companies (Up) | 21 |
| Total Trades (#/d) | 2,919 | # of Companies (Down) | 17 |
| ISX Mcap (IQD bn) | 19,219 | # of Companies (Not changed) | 9 |
| ISX Mcap ($ mn) | 14,560 | # of Comp. Suspended from Trading (GA) | 4 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 4 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Modern Animal & Agr. Prod. | AMAP | 0.560 | 47.4% | 47.4% |
| Credit Bank of Iraq (NRM) | BROI | 1.040 | 31.6% | 31.6% |
| Commercial Bank of Iraq | BCOI | 0.830 | 15.3% | 15.3% |
| United Bank | BUND | 0.090 | 12.5% | 12.5% |
| Investment Bank of Iraq | BIBI | 0.480 | 11.6% | 11.6% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Agricultural Prod. Mark. Meat | AIPM | 5.510 | -27.7% | -27.7% |
| Mansour Hotel | HMAN | 37.100 | -7.3% | -7.3% |
| Gulf Insurance&Reinsurance | NGIR | 0.270 | -6.9% | -6.9% |
| Ready Made Clothes | IRMC | 4.200 | -6.7% | -6.7% |
| Iraqi Date Processing & Marketing | IIDP | 1.500 | -5.1% | -5.1% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Asiacell Communications PJSC | TASC | 915.5 | 693.6 | 17.3% |
| Credit Bank of Iraq (NRM) | BROI | 891.8 | 675.6 | 16.9% |
| Commercial Bank of Iraq | BCOI | 636.4 | 482.1 | 12.0% |
| Bank of Baghdad | BBOB | 504.7 | 382.4 | 9.5% |
| Baghdad Soft Drinks | IBSD | 352.1 | 266.7 | 6.7% |
| 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 | 2,003 | 3,313.0 | 2,509.9 | 62.7% | |
| Telecom | 243 | 919.3 | 696.4 | 17.4% | |
| Industry | 428 | 706.0 | 534.9 | 13.4% | |
| Hotels&Tourism | 83 | 184.0 | 139.4 | 3.5% | |
| Services | 131 | 157.2 | 119.1 | 3.0% | |
| Agriculture | 23 | 4.7 | 3.6 | 0.1% | |
| Insurance | 8 | 3.7 | 2.8 | 0.1% | |
| Investment | 0 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 2,919 | 5,288.0 | 4,006.1 | 100.0% | |
Iraq Stock Exchange
- ISX launched a new platform for unlisted joint stock companies (OTC) on Jan. 2, 2024. On Jan. 3rd, 2024, ISX announced the requirements regarding the listing, depositing shares, and trading on the OTC platform. For the details, please click here.
- According to the ISC decision on Dec. 24, the ISX transferred Modern Animal & Agricultural Production (AMAP) from the undisclosed capital market (UCM) to the regular market (RM) starting Jan. 2, 2024. ISX requested AMAP to explain why the prices touched the higher limit on Jan. 3 and Jan. 4.
- According to the ISC decision on Dec. 24, the ISX transferred AL-Wiaam for Financial Investment (VWIF) from the undisclosed capital market (UCM) to the non-regular market (NRM) starting Jan. 2, 2024.
- The AGM of Iraqi Islamic Bank (BIIB) has been postponed to Jan. 5 due to a lack of quorum.
- Investment Bank of Iraq (BIBI) has completed the legal procedures for the capital increase through a 2.86% bonus issue to IQD257.1 bn.
Stocks that resumed / will resume trading:
- Iraqi Agricultural Products Marketing Meat (AIPM) resumed trading on Jan. 3 after holding its AGM on Dec. 24 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.08 cash dividend per share, corresponding to a 1.0% dividend yield.
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Iraqi Stock Market nearly Doubles in 2023
Posted on 30 December 2023 .
The Rabee Securities Iraq Stock Exchange (ISX) index has closed the year up more than 97 percent in USD terms.
According to date from Rabee Securities, the biggest winner was Al-Ameen Estate Investments, which gained more than 500 percent, while the biggest loser was National Islamic Bank, which more than halved in value:
| RSISX Index Change | ||||
| RSISX Index | Closings | Change (m/m) (%) | Change (y/y) (%) | |
| RSISX IQD Index | 1,554.1 | +6.2% | +70.7% | |
| RSISX USD Index | 1,528.1 | +6.2% | +97.2% |
| ISX Market Summary of 2023 | |||
| Trading Vol. (IQD mn)/y | 671,810 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/y | 508.9 | # of Traded Companies | 91 |
| Traded Shares (mn)/y | 689,623 | # of Companies (Up) | 47 |
| Total Trades (#/y) | 155,920 | # of Companies (Down) | 35 |
| ISX Mcap (IQD bn) | 19,054 | # of Companies (Not changed) | 9 |
| ISX Mcap ($ mn) | 14,435 | # of Comp. Suspended from Trading (GA) | 5 |
| 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 in 2023 | |||
| Company Names | ISX Code | Closing Price(IQD) | Price Chg. (ytd) |
| Al-Ameen Estate Inv. (NRM) | SAEI | 5.000 | 525.0% |
| Credit Bank of Iraq (NRM) | BROI | 0.790 | 229.2% |
| Bank of Baghdad | BBOB | 3.500 | 224.1% |
| Baghdad for Packing Materials (NRM) | IBPM | 5.000 | 150.0% |
| National Bank of Iraq | BNOI | 2.430 | 145.5% |
| Top 5 Losers in 2023 | |||
| Company Names | ISX Code | Closing Price(IQD) | Price Chg. (ytd) |
| National Islamic Bank | BNAI | 0.500 | -53.3% |
| Al-Zawraa for Financial Inv. (NRM) | VZAF | 0.190 | -47.2% |
| Al-Ataa Islamic Bank (NRM) | BLAD | 0.130 | -43.5% |
| Modern Animal & Agr. Prod. (UCM) | AMAP | 0.380 | -43.3% |
| Fallujah for Construction Mat. (NRM) | IFCM | 3.450 | -41.5% |
| Top 5 Active by Trading Volume in 2023 | |||
| Company Names | ISX Code | Trading Vol. (IQD mn) | Share in total trading (%) |
| Bank of Baghdad | BBOB | 220,777.0 | 32.9% |
| Al Mustashar Islamic Bank (NRM) | BMUI | 88,910.6 | 13.2% |
| Baghdad Soft Drinks | IBSD | 38,297.5 | 5.7% |
| Ameen Al-Iraq Islamic Bank (NRM) | BAME | 35,600.0 | 5.3% |
| Asiacell Communications PJSC | TASC | 32,632.9 | 4.9% |
NRM: Non-Regular Market.
UCM: Undisclosed Companies' Market
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Posted in Investment Comments Off on Iraqi Stock Market nearly Doubles in 2023
Iraq Stock Market Report
Posted on 30 December 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th December 2023).
Note: ISX will be closed on December 31, 2023 and January 1, 2024 due to the end-of-year closing operations. The next trading session will be held on Jan. 2, 2024.
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | ||||
| RSISX Index | Closings | Change
(d/d) (%) |
Change (ytd) (%) | Change (12M) (%) |
| RSISX IQD Index | 1,554.1 | 1.7% | 70.7% | 70.7% |
| RSISX USD Index | 1,528.1 | 1.7% | 97.2% | 97.2% |
| ISX Market Summary of Today | |||
| Trading Vol. (IQD mn)/d | 3,518.7 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 2.7 | # of Traded Companies | 41 |
| Traded Shares (mn)/d | 1,599 | # of Companies (Up) | 18 |
| Total Trades (#/d) | 1,101 | # of Companies (Down) | 7 |
| ISX Mcap (IQD bn) | 19,054 | # of Companies (Not changed) | 16 |
| ISX Mcap ($ mn) | 14,435 | # of Comp. Suspended from Trading (GA) | 5 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 4 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (d/d) | Price Chg. (YTD) |
| Sumer Commercial Bank | BSUC | 0.130 | 8.3% | -27.8% |
| Ashur International Bank | BASH | 0.420 | 7.7% | 20.0% |
| National Bank of Iraq | BNOI | 2.430 | 5.7% | 145.5% |
| Iraqi Date Processing & Marketing | IIDP | 1.580 | 5.3% | 61.2% |
| Credit Bank of Iraq (NRM) | BROI | 0.790 | 5.3% | 229.2% |
| Top 5 Losers | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (d/d) | Price Chg. (YTD) |
| Union Bank | BUOI | 0.290 | -3.3% | 45.0% |
| Ishtar Hotels | HISH | 9.700 | -2.8% | -2.0% |
| Baghdad Hotel | HBAG | 10.750 | -2.3% | 25.7% |
| Ready Made Clothes | IRMC | 4.500 | -2.2% | -15.9% |
| Electronic Industries (UCM) | IELI | 0.780 | -1.3% | -17.9% |
| Top 5 Active by Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Baghdad Soft Drinks | IBSD | 1,480.4 | 1,121.5 | 42.1% |
| Bank of Baghdad | BBOB | 563.5 | 426.9 | 16.0% |
| National Bank of Iraq | BNOI | 554.8 | 420.3 | 15.8% |
| Asiacell Communications PJSC | TASC | 398.4 | 301.8 | 11.3% |
| Al-Mansour Bank | BMNS | 155.4 | 117.7 | 4.4% |
Iraq Stock Exchange
- ISC approved the listing and trading of reconstruction bonds which was issued on 10/10/2023 by the Ministry of Finance, worth IQD1.5 trln (available in two categories). The first category is for IQD500,000 with an annual interest of 6% for two years (paid every six months), and the second category is for IQD1.0 mn with an annual interest of 8% for four years (paid every six months).
- ISX will launch a new platform for unlisted joint stock companies (OTC) on Jan. 2, 2024.
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Iraq Stock Market Report
Posted on 22 December 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21th December 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,547.0 | -1.0% | 69.9% |
| RSISX USD Index | 1,521.2 | -1.0% | 96.3% |
| 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.
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Iraq Stock Market Report
Posted on 15 December 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th December 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,563.1 | 6.1% | 71.7% |
| RSISX USD Index | 1,537.0 | 6.1% | 98.4% |
| 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.
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Iraq Stock Market Report
Posted on 08 December 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th December 2023).
Please click here to view a table of listed companies and their associated ticker codes.
Note: ISX will be closed on Dec. 10 (Sunday) due to a national holiday (Victory Day). The next trading session will be held on Dec. 11, 2023 (Monday).
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,473.0 | 0.7% | 61.8% |
| RSISX USD Index | 1,448.4 | 0.7% | 86.9% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 21,662.7 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 16.4 | # of Traded Companies | 66 |
| Traded Shares (mn)/d | 22,936 | # of Companies (Up) | 30 |
| Total Trades (#/d) | 4,084 | # of Companies (Down) | 13 |
| ISX Mcap (IQD bn) | 18,651 | # of Companies (Not changed) | 23 |
| ISX Mcap ($ mn) | 14,129 | # of Comp. Suspended from Trading (GA) | 4 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 6 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Ameen Estate Inv. (NRM) | SAEI | 5.000 | 86.6% | 525.0% |
| Al-Ameen Financial Inv. (NRM) | VAMF | 0.800 | 33.3% | 60.0% |
| International Dev. Bank (NRM) | BIDB | 1.000 | 20.5% | 47.1% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.530 | 15.0% | -20.9% |
| Elaf Islamic Bank | BELF | 0.500 | 13.6% | -5.7% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Mansour Bank | BMNS | 1.010 | -20.5% | 74.1% |
| Baghdad for Packing Materials (NRM) | IBPM | 5.200 | -20.0% | 160.0% |
| Sumer Commercial Bank | BSUC | 0.130 | -13.3% | -27.8% |
| Ashur International Bank | BASH | 0.410 | -12.8% | 17.1% |
| AL-Kindi of Veterinary Vac. | IKLV | 1.550 | -11.4% | 10.7% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al-Mansour Bank | BMNS | 11,520.4 | 8,727.6 | 53.2% |
| National Islamic Bank | BNAI | 3,535.5 | 2,678.4 | 16.3% |
| Bank of Baghdad | BBOB | 3,524.7 | 2,670.2 | 16.3% |
| National Bank of Iraq | BNOI | 592.6 | 448.9 | 2.7% |
| Asiacell Communications PJSC | TASC | 495.5 | 375.4 | 2.3% |
| 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 | 2,918 | 19,992.5 | 15,145.8 | 92.3% | |
| Industry | 636 | 789.8 | 598.4 | 3.6% | |
| Telecom | 174 | 496.0 | 375.7 | 2.3% | |
| Services | 211 | 188.1 | 142.5 | 0.9% | |
| Hotels&Tourism | 118 | 171.8 | 130.2 | 0.8% | |
| Agriculture | 8 | 18.4 | 13.9 | 0.1% | |
| Investment | 10 | 4.1 | 3.1 | 0.0% | |
| Insurance | 9 | 2.0 | 1.5 | 0.0% | |
| Grand Total | 4,084 | 21,662.7 | 16,411.1 | 100.0% | |
Iraq Stock Exchange
- A cross transaction occurred on 6.68 bn shares of Al-Mansour Bank (BMNS) on Dec. 7, valued at IQD6.75 bn and corresponding to 2.7% of BMNS's capital.
- A cross transaction occurred on 7.1 bn shares of National Islamic Bank (BNAI) on Dec. 7, valued at IQD3.5 bn and corresponding to 2.8% of BNAI's capital. Separately, subscription on the capital increase of BNAI through 19.9% rights issue from IQD251.0 bn to IQD301.0 bn issue ended on Dec. 6.
- Fitch Ratings has affirmed Sumer Commercial Bank PSC's (BSUC) Long- and Short-Term Issuer Default Ratings (IDRs) at 'RD' (Restricted Default) and Viability Rating (VR) at 'f'. Fitch expected a weakening of the bank's business, risk and financial profiles, particularly if the CBI ban was not lifted in the short term. Therefore, Fitch had maintained the negative outlooks on BSUC's business profile, risk profile, earning and profitability and capitalisation and leverage. Fitch will no longer provide ratings or analytical coverage for BSUC.
- Al-Ameen Estate Investment (SAEI) fulfilled ISX's request to explain why the prices touched the higher limit on Dec. 3 and Dec. 4. The company disclosed that that the reason was due to the completion of the legal procedures for the capital increase.
- The Iraqi Company for Deposit Insurance will hold its postponed AGM on Dec. 19 to discuss and approve 2021 annual financial statements, increasing the paid-in capital through bonus issue, listing its shares on the ISX, and electing new board members.
Stocks that resumed / will resume trading:
- Original shares of Bank of Baghdad (BBOB) resumed trading on Dec. 4 after holding its AGM on Nov. 22 in which they discussed and approved 2022 annual financial statements, increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through a 20% bonus issue, deciding to distribute IQD0.075 cash dividend per share, corresponding to a 2.0% dividend yield, and electing nine original and seven alternative board members.
- Ashur International Bank (BASH) resumed trading on Dec. 5 after disclosing its FY22 financial results.
- Asia Al Iraq Islamic Bank for Investment (BAIB) resumed trading on Dec. 5 after holding its AGM on Dec. 3 in which they discussed and approved 2022 annual financial statements.
- Palestine Hotel (HPAL) resumed trading on Dec. 6 after holding its AGM on Nov. 20 in which they discussed and approved dismissing the current board members and electing four original and four alternative board members.
- Original shares of Ameen Al-Iraq Islamic Bank (BAME) resumed trading on Dec. 7 after holding its AGM on Nov. 30 in which they discussed and approved increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through a 20% rights issue.
- Tourist Village of Mosul Dam (HTVM) resumed trading on Dec. 7 after disclosing its FY22 financial results.
- Al -Khazer for Construction Materials (IKHC) will resume 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. The opening price will be IQD1.730 per share.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend 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 Babil Animal & Vegetable Production (ABAP) starting Dec. 7 due to the AGM that will be held on Dec. 11 to discuss and approve 2021 & 2022 annual financial statements and dividend distribution.
- ISX will suspend trading of Iraqi Agricultural Products Marketing Meat (AIPM) starting Dec. 19 due to the AGM that will be held on Dec. 24 to discuss and approve 2022 annual financial statements and dividend distribution. The company announced that the company will stop distributing dividends from Dec. 14, 2023 until Jan. 10, 2024.
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Iraq Stock Market Report
Posted on 01 December 2023 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th November 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,462.9 | -1.6% | 60.7% |
| RSISX USD Index | 1,438.5 | -1.6% | 85.7% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 52,300.1 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 39.6 | # of Traded Companies | 59 |
| Traded Shares (mn)/d | 52,643 | # of Companies (Up) | 24 |
| Total Trades (#/d) | 1,941 | # of Companies (Down) | 21 |
| ISX Mcap (IQD bn) | 18,628 | # of Companies (Not changed) | 14 |
| ISX Mcap ($ mn) | 14,112 | # of Comp. Suspended from Trading (GA) | 7 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 8 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Ameen Estate Inv. (NRM) | SAEI | 2.680 | 71.8% | 233.7% |
| Al-Mansour Bank | BMNS | 1.270 | 25.7% | 119.9% |
| Iraqi Islamic Bank | BIIB | 0.650 | 14.0% | 44.4% |
| AL-Kindi of Veterinary Vac. | IKLV | 1.750 | 12.9% | 25.0% |
| Iraqi Middle East Investment Bank | BIME | 0.110 | 10.0% | -21.4% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Gulf Insurance&Reinsurance | NGIR | 0.240 | -20.0% | -40.0% |
| Modern Construction Mat. (UCM) | IMCM | 0.660 | -14.3% | -34.0% |
| Economy Bank | BEFI | 0.200 | -9.1% | 11.1% |
| AL-Badia for General Trans. (UCM) | SBAG | 0.480 | -7.7% | 26.3% |
| Iraqi Agricultural Products | AIRP | 23.600 | -7.5% | -2.7% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al Mustashar Islamic Bank (NRM) | BMUI | 46,510.9 | 35,235.5 | 88.9% |
| Al-Hamraa for Insurance (NRM) | NHAM | 3,420.9 | 2,591.6 | 6.5% |
| Al-Mansour Bank | BMNS | 416.2 | 315.3 | 0.8% |
| Asiacell Communications PJSC | TASC | 393.9 | 298.4 | 0.8% |
| National Bank of Iraq | BNOI | 377.2 | 285.8 | 0.7% |
| 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 | 876 | 47,674.7 | 36,117.2 | 91.2% | |
| Insurance | 6 | 3,422.1 | 2,592.5 | 6.5% | |
| Telecom | 152 | 393.9 | 298.4 | 0.8% | |
| Industry | 480 | 359.4 | 272.2 | 0.7% | |
| Services | 299 | 352.5 | 267.1 | 0.7% | |
| Hotels&Tourism | 93 | 78.6 | 59.6 | 0.2% | |
| Agriculture | 33 | 18.9 | 14.3 | 0.0% | |
| Investment | 2 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 1,941 | 52,300.1 | 39,621.3 | 100.0% | |
Iraq Stock Exchange
- On Tuesday, the Council of Ministers announced its approval of the Draft Securities Law, after it was carefully reviewed by the State Council. The law was approved in accordance with the provisions of the Constitution and was officially transferred to the House of Representatives for consideration and discussion. The importance of this law is that it enhances the economic environment, and it provides safety and transparency in the securities market. (ISC)
- Four cross transactions occurred on 46.5 bn shares of Al Mustashar Islamic Bank (BMUI) on Nov. 26, Nov. 27, Nov. 28 and Nov. 29, valued at IQD46.5 bn and corresponding to 18.6% of BMUI's capital.
- A cross transaction occurred on 3.6 bn shares of Al-Hamraa for Insurance (NHAM) on Nov. 28, valued at IQD3.4 bn and corresponding to 14.4% of NHAM's capital.
- Iraqi for Seed Production (AISP) decided in its AGM held on Nov. 26 to distribute IQD1.0 cash dividend per share, corresponding to an 8.7% dividend yield. ISX requested AISP to provide its AGM minutes for the meeting held on Nov. 26, 2023.
- Sumer Commercial Bank (BSUC) invited its shareholders to receive their cash dividends from the profits of previous years starting Nov. 26 through the company's main branch. The company decided in its recent AGM (Nov. 12) to distribute IQD0.01 cash dividend per share, corresponding to an 8.3% dividend yield.
- Region Trade Bank (BRTB) has completed the legal procedures for the capital increase through a 20% bonus issue to IQD300.0 bn.
- Al-Ameen Estate Investment (SAEI) fulfilled ISX's request to explain why the prices touched the higher limit on Nov. 20 and Nov. 22. The company disclosed that that the reason was due to the completion of the legal procedures for the capital increase and the listing of the new shares in the Iraqi Deposit Center.
Stocks that resumed / will resume trading:
- Dar Al-Salam for Insurance (NDSA) resumed trading on Nov. 27 after holding its AGM on Nov. 23 in which they discussed and approved electing seven original and seven alternative board members for the next three years.
- Original shares of International Development Bank (BIDB) resumed trading on Nov. 30 after holding its AGM on Oct. 26 in which they discussed and approved 2022 annual financial statements and increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% bonus issue.
- Iraqi Middle East Investment Bank (BIME) resumed trading on Nov. 30 after holding its AGM on Nov. 21 in which they discussed and approved 2021 & 2022 annual financial statements.
- Ibdaa Al-Sharq Al-Awsat General Contract (SIBD) resumed trading on Nov. 30 after holding its AGM on Oct. 22 in which they discussed and approved 2022 annual financial statements, electing five original and four alternative board members, and continuing the procedures for merging with Etihad Al-Sharq Al-Awsat Company for Contracting, General Trade, and Real Estate Investments with SIBD, so that the name of the company after the merger will be Ibdaa Al-Sharq Al-Awsat Company for General Contracting, Real Estate Investments and General Trade with a paid-in capital of IQD6.0 bn.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Ameen Al-Iraq Islamic Bank (BAME) starting Nov. 27 due to the AGM that will be held on Nov. 30 to discuss and approve increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.
- ISX suspended trading of Asia Al Iraq Islamic Bank for Investment (BAIB) starting Nov. 28 due to the AGM that will be held on Dec. 3 to discuss and approve 2022 annual financial statements and dividend distribution.
- ISX suspended trading of Al -Khazer for Construction Materials (IKHC) starting Nov. 28 due to the AGM that will be held on Dec. 2 to discuss and approve 2022 annual financial statements and dividend distribution. The company will be referred for administrative investigation by the ISX on Dec. 5 for violating the reporting timings issued by the ISC.
- ISX suspended trading of Al Taif Islamic Bank (BTIB) starting Nov. 30 due to the AGM that will be held on Dec. 5 to discuss and approve 2022 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.
- ISX will suspend 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 will suspend 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.
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Iraq Stock Market Report
Posted on 24 November 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th November 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,486.7 | -1.1% | 63.3% |
| RSISX USD Index | 1,461.8 | -1.1% | 88.7% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 22,553.2 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 17.1 | # of Traded Companies | 60 |
| Traded Shares (mn)/d | 22,350 | # of Companies (Up) | 13 |
| Total Trades (#/d) | 2,619 | # of Companies (Down) | 35 |
| ISX Mcap (IQD bn) | 18,562 | # of Companies (Not changed) | 12 |
| ISX Mcap ($ mn) | 14,062 | # of Comp. Suspended from Trading (GA) | 7 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 8 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Ameen Estate Inv. (NRM) | SAEI | 1.560 | 48.6% | 94.3% |
| Sumer Commercial Bank | BSUC | 0.150 | 36.4% | -16.7% |
| Gulf Insurance&Reinsurance | NGIR | 0.300 | 20.0% | -25.0% |
| Economy Bank | BEFI | 0.220 | 15.8% | 22.2% |
| Al-Ameen for Insurance | NAME | 0.600 | 15.4% | 25.0% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Babylon Bank (UCM) | BBAY | 0.080 | -11.1% | 14.3% |
| Iraqi Islamic Bank | BIIB | 0.570 | -10.9% | 26.7% |
| AL-Nukhba for Construction | SNUC | 0.520 | -8.8% | -7.1% |
| AL-Wiaam for Financial Inv. (UCM) | VWIF | 0.480 | -7.7% | 92.0% |
| National Bank of Iraq | BNOI | 2.550 | -7.6% | 157.6% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al Mustashar Islamic Bank (NRM) | BMUI | 17,489.7 | 13,249.8 | 77.5% |
| Iraqi for Seed Production | AISP | 1,266.2 | 959.3 | 5.6% |
| National Bank of Iraq | BNOI | 526.6 | 398.9 | 2.3% |
| Ameen Al-Iraq Islamic Bank (NRM) | BAME | 500.0 | 378.8 | 2.2% |
| Asiacell Communications PJSC | TASC | 481.0 | 364.4 | 2.1% |
| 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 | 1,063 | 19,534.8 | 14,799.1 | 86.6% | |
| Agriculture | 413 | 1,276.1 | 966.7 | 5.7% | |
| Industry | 505 | 786.1 | 595.6 | 3.5% | |
| Telecom | 193 | 481.1 | 364.5 | 2.1% | |
| Services | 333 | 362.4 | 274.5 | 1.6% | |
| Hotels&Tourism | 62 | 111.0 | 84.1 | 0.5% | |
| Insurance | 40 | 1.1 | 0.8 | 0.0% | |
| Investment | 10 | 0.6 | 0.5 | 0.0% | |
| Grand Total | 2,619 | 22,553.2 | 17,085.8 | 100.0% | |
Iraq Stock Exchange
- Bank of Baghdad (BBOB) decided in its AGM held on Nov. 22 to increase the paid-in capital from IQD250.0 bn to IQD300.0 bn through a 20% bonus issue and to distribute IQD0.075 cash dividend per share, corresponding to a 2.0% dividend yield.
- A cross transaction occurred on 500.0 mn shares of Ameen Al-Iraq Islamic Bank (BAME) on Nov. 20, valued at IQD500.0 mn and corresponding to 0.2% of BAME's capital.
- A cross transaction occurred on 17.5 bn shares of Al Mustashar Islamic Bank (BMUI) on Nov. 23, valued at IQD17.5 bn and corresponding to 7.0% of BMUI's capital.
- The International Islamic Rating Agency (IIRA) announced that the International Islamic Bank (BINT) obtained a grade of (B-) internationally and a grade of (BBB) locally for the fiscal year 2022. This grade came as a result of the rise in the bank's financial indicators, including an increase in the bank's assets to 16% over the fiscal year 2021.
- Sumer Commercial Bank (BSUC) invited its shareholders to receive their cash dividends from the profits of previous years starting Nov. 26 through the company's main branch. The company decided in its recent AGM (Nov. 12) to distribute IQD0.01 cash dividend per share, corresponding to an 8.3% dividend yield.
- Babylon Hotel (HBAY) invited its shareholders to receive their cash dividends for the fiscal year 2022 through the company's hotel. The company decided in its recent AGM (Sep. 21) to distribute IQD2.5 cash dividend per share, corresponding to a 2.45% dividend yield. The company announced that shareholders who did not receive their dividends from 1997 to 2021 should visit the company and collect their cash dividends.
- The AGM of Iraqi Company for Deposit Insurance has been postponed due to Babylon Hotel's apology for not being able to provide a hall for the meeting. The company will discuss and approve 2021 financial statements, increasing the paid-in capital through bonus issues, listing its shares on the ISX, and electing new board members in its AGM.
Stocks that resumed / will resume trading:
- Sumer Commercial Bank (BSUC) resumed trading on Nov. 19 after holding its AGM on Nov. 12 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.01 cash dividend per share from the profits of previous years, corresponding to an 8.3% dividend yield.
- Iraqi Islamic Bank (BIIB) resumed trading on Nov. 20 after holding its AGM on Nov. 11 in which they discussed and approved 2022 annual financial statements and postponed increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue into another AGM which will be held before the end of the year.
- New shares of Al-Ameen Estate Investment (SAEI) from the capital increase to IQD13.0 bn through an 86.8% bonus issue resumed trading on Nov. 23.
- Original shares of Cihan Bank for Islamic & Finance (BCIH) resumed trading on Nov. 23 after holding its AGM on Nov. 18 in which they discussed and approved 2022 annual financial statements, increasing the paid-in capital from IQD255.0 bn to IQD305.0 bn through 8.31% rights issue and 11.29% bonus issue, and electing seven original and seven alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Bank of Baghdad (BBOB) starting Nov. 19 due to the AGM that will be held on Nov. 22 to discuss and approve 2022 annual financial statements, dividend distribution, increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% bonus issue, and electing nine original and nine alternative board members.
- ISX suspended trading of Dar Al-Salam for Insurance (NDSA) starting Nov. 20 due to the AGM that will be held on Nov. 23 to discuss and approve electing seven original and seven alternative board members for the next three years.
- ISX suspended trading of Iraqi for Seed Production (AISP) starting Nov. 21 due to the AGM that will be held on Nov. 26 to discuss and approve 2021 annual financial statements, dividend distribution, and electing four original and four alternative board members.
- ISX will suspend trading of Asia Al Iraq Islamic Bank for Investment (BAIB) starting Nov. 28 due to the AGM that will be held on Dec. 3 to discuss and approve 2022 annual financial statements and dividend distribution.
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Iraq Stock Market Report
Posted on 17 November 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th November 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,502.9 | 5.8% | 65.1% |
| RSISX USD Index | 1,477.8 | 5.8% | 90.7% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 9,298.3 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 7.0 | # of Traded Companies | 62 |
| Traded Shares (mn)/d | 4,019 | # of Companies (Up) | 24 |
| Total Trades (#/d) | 3,930 | # of Companies (Down) | 24 |
| ISX Mcap (IQD bn) | 18,398 | # of Companies (Not changed) | 14 |
| ISX Mcap ($ mn) | 13,938 | # of Comp. Suspended from Trading (GA) | 7 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 8 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Baghdad for Packing Materials (NRM) | IBPM | 6.900 | 20.0% | 245.0% |
| Bank of Baghdad | BBOB | 3.740 | 18.4% | 173.0% |
| Palestine Hotel (UCM) | HPAL | 26.770 | 15.6% | 88.5% |
| United Bank | BUND | 0.080 | 14.3% | 33.3% |
| AL-Nukhba for Construction | SNUC | 0.570 | 14.0% | 1.8% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Engineering Works | IIEW | 5.510 | -11.8% | -9.7% |
| Asia Al Iraq Islamic Bank | BAIB | 0.900 | -10.0% | -15.1% |
| Al-Zawraa for Financial Inv. (NRM) | VZAF | 0.190 | -9.5% | -47.2% |
| Economy Bank | BEFI | 0.190 | -9.5% | 5.6% |
| Iraqi Middle East Investment Bank | BIME | 0.100 | -9.1% | -28.6% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Bank of Baghdad | BBOB | 4,255.5 | 3,223.9 | 45.8% |
| Fallujah for Construction Mat. (NRM) | IFCM | 1,232.3 | 933.6 | 13.3% |
| Iraqi for Seed Production | AISP | 994.1 | 753.1 | 10.7% |
| National Bank of Iraq | BNOI | 624.0 | 472.8 | 6.7% |
| Asiacell Communications PJSC | TASC | 345.8 | 262.0 | 3.7% |
| 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 | 1,575 | 5,416.1 | 4,103.1 | 58.2% | |
| Industry | 1,203 | 1,756.3 | 1,330.5 | 18.9% | |
| Agriculture | 616 | 1,013.0 | 767.4 | 10.9% | |
| Hotels&Tourism | 269 | 673.8 | 510.5 | 7.2% | |
| Telecom | 164 | 345.8 | 262.0 | 3.7% | |
| Services | 64 | 76.9 | 58.3 | 0.8% | |
| Insurance | 32 | 16.0 | 12.1 | 0.2% | |
| Investment | 7 | 0.4 | 0.3 | 0.0% | |
| Grand Total | 3,930 | 9,298.3 | 7,044.2 | 100.0% | |
Iraq Stock Exchange
- ISC's board of directors reviewed the performance of the joint-stock companies listed on the Undisclosed Companies Markets (UCM) and decided to warn them to submit the legal requirements and financial statements until the date of 12/31/2023, otherwise, legal measures will be taken against them.
- Al Janoob Islamic Bank (BJAB) invited its shareholders to subscribe on 260.0 bn shares starting Nov. 13 from the capital increase to IQD510.0 bn through 104% rights issue. The subscription period is no less than 30 days and no more than 60 days.
- Warka Bank for Invest. and Finance has completed the legal procedures for the capital increase to IQD271.6 bn.
Stocks that resumed / will resume trading:
- Sumer Commercial Bank (BSUC) will resume trading on Nov. 19 after holding its AGM on Nov. 12 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.01 cash dividend per share from the profits of previous years, corresponding to an 8.3% dividend yield. The opening price will be IQD0.11 per share.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Cihan Bank for Islamic & Finance (BCIH) starting Nov. 14 due to the AGM that will be held on Nov. 18 to discuss and approve 2022 annual financial statements, increasing the paid-in capital from IQD255.0 bn to IQD305.0 bn through 8.3% rights issue and 11.3% bonus issue, and electing seven original and seven alternative board members.
- ISX suspended trading of Palestine Hotel (HPAL) starting Nov. 15 due to the AGM that will be held on Nov. 20 to discuss and approve electing four original and four alternative board members if a vote is taken in favor of dismissal of current board members.
- ISX suspended trading of Iraqi Middle East Investment Bank (BIME) starting Nov. 16 due to the AGM that will be held on Nov. 21 to discuss and approve 2021 & 2022 annual financial statements and dividend distribution.
- ISX will suspend trading of Dar Al-Salam for Insurance (NDSA) starting Nov. 20 due to the AGM that will be held on Nov. 23 to discuss and approve electing seven original and seven alternative board members for the next three years.
- ISX will suspend trading of Ameen Al-Iraq Islamic Bank (BAME) starting Nov. 27 due to the AGM that will be held on Nov. 30 to discuss and approve increasing the paid-in capital to IQD300.0 bn through 20% rights issue.
- ISX will suspend trading of Al Taif Islamic Bank (BTIB) starting Nov. 30 due to the AGM that will be held on Dec. 5 to discuss and approve 2022 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.
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Iraq Stock Market Report
Posted on 10 November 2023 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th November 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,420.6 | 0.3% | 56.1% |
| RSISX USD Index | 1,396.8 | 0.3% | 80.3% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 6,470.1 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 4.9 | # of Traded Companies | 61 |
| Traded Shares (mn)/d | 3,914 | # of Companies (Up) | 25 |
| Total Trades (#/d) | 3,567 | # of Companies (Down) | 24 |
| ISX Mcap (IQD bn) | 18,231 | # of Companies (Not changed) | 12 |
| ISX Mcap ($ mn) | 13,811 | # of Comp. Suspended from Trading (GA) | 4 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 8 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Baghdad for Packing Materials (NRM) | IBPM | 5.750 | 139.6% | 187.5% |
| Rehab Karbala Company | HKAR | 1.100 | 23.6% | 5.0% |
| Al-Ameen Financial Inv. (NRM) | VAMF | 0.600 | 20.0% | 20.0% |
| Palestine Hotel (UCM) | HPAL | 23.150 | 12.9% | 63.0% |
| Babylon Bank (UCM) | BBAY | 0.090 | 12.5% | 28.6% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| United Bank | BUND | 0.070 | -12.5% | 16.7% |
| Sumer Commercial Bank | BSUC | 0.120 | -7.7% | -36.8% |
| AL-Wiaam for Financial Inv. (UCM) | VWIF | 0.560 | -6.7% | 124.0% |
| Al-Ahlyia for Agricultural Prod. | AAHP | 0.770 | -6.1% | -9.9% |
| Bank of Baghdad | BBOB | 3.160 | -6.0% | 130.7% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Bank of Baghdad | BBOB | 1,886.4 | 1,429.1 | 29.2% |
| Iraqi for Seed Production | AISP | 1,394.4 | 1,056.3 | 21.6% |
| National Bank of Iraq | BNOI | 610.4 | 462.4 | 9.4% |
| Baghdad Soft Drinks | IBSD | 330.1 | 250.1 | 5.1% |
| Asiacell Communications PJSC | TASC | 224.8 | 170.3 | 3.5% |
| 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 | 1,657 | 3,342.4 | 2,532.1 | 51.7% | |
| Agriculture | 859 | 1,421.0 | 1,076.5 | 22.0% | |
| Hotels&Tourism | 172 | 657.7 | 498.3 | 10.2% | |
| Industry | 535 | 587.3 | 444.9 | 9.1% | |
| Services | 183 | 225.5 | 170.8 | 3.5% | |
| Telecom | 137 | 224.8 | 170.3 | 3.5% | |
| Insurance | 16 | 11.1 | 8.4 | 0.2% | |
| Investment | 8 | 0.1 | 0.1 | 0.0% | |
| Grand Total | 3,567 | 6,470.1 | 4,901.6 | 100.0% | |
Iraq Stock Exchange
- Iraq is considering raising the percentage allowed for foreigners to own listed companies from 49% to 100%, according to the head of the Iraqi Securities Commission, Faisal Al Haimus. Al-Haimus said on the sidelines of his participation in the fourteenth Turkish-Arab Economic Forum in Istanbul, that the step, which came at the request of foreign investors, will be in the new law of the Securities Commission, which was submitted to the relevant authorities. He added, "The General Secretariat of the Presidency of the Council of Ministers is currently studying the law, to be sent after that to the Council of Ministers and then to Parliament to vote on it to enter into force as soon as it passes which will be an important opportunity to stimulate foreign investment to the country."
- The Chairman of the Securities Commission met with a delegation from the Kurdistan Regional Government. During the meeting, the two parties discussed future plans to develop the securities sector in Iraq in general and to enhance cooperation between the Commission and the Kurdistan Regional Government in this regard. (NINA)
- National Islamic Bank (BNAI) invited its shareholders to subscribe on 50.0 bn shares starting Nov. 5 from the capital increase to IQD301.0 bn through 19.9% rights issue. Subscription period is no less than 30 days and no more than 60 days.
- Al Janoob Islamic Bank (BJAB) invited its shareholders to subscribe on 260.0 bn shares starting Nov. 13 from the capital increase to IQD510.0 bn through 104% rights issue. The subscription period is no less than 30 days and no more than 60 days.
- The Iraqi Company for Deposit Insurance will hold its AGM on Nov. 14 to discuss and approve 2021 annual financial statements, increasing the paid-in capital through bonus issue, listing its shares on the ISX, and electing new board members.
- ISC is requesting Iraqi for Seed Production (AISP) to disclose information regarding the company's activity and a preliminary report on the financial statements and whether there is a material impact that affects the company's activity and its continuation of trading.
Stocks that resumed / will resume trading:
- New shares of Al-Hamraa for Insurance (NHAM) from the capital increase through a 257% rights issue to IQD25.0 bn resumed trading on Nov. 6.
- United Bank (BUND) resumed trading on Nov. 7 after disclosing its FY22 financial results.
- Erbil Bank for Investment & Finance (BERI) resumed trading on Nov. 8 after holding its AGM on Oct. 7 in which they discussed and approved 2022 annual financial statements.
- Fallujah for Construction Materials (IFCM) resumed trading on Nov. 9 after holding its AGM on Nov. 2 in which they discussed and approved 2020 & 2021 annual financial statements and electing five original and five alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Bank of Baghdad (BBOB) starting Nov. 19 due to the AGM that will be held on Nov. 22 to discuss and approve 2022 annual financial statements, dividend distribution, increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% bonus issue, and electing nine original and nine alternative board members.
- ISX suspended trading of Iraqi Islamic Bank (BIIB) starting Nov. 7 due to the AGM that will be held on Nov. 11 to discuss and approve 2022 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.
- ISX suspended trading of Sumer Commercial Bank (BSUC) starting Nov. 7 due to the AGM that will be held on Nov. 12 to discuss and approve 2022 annual financial statements and dividend distribution.
- ISX will suspend trading of Cihan Bank for Islamic & Finance (BCIH) starting Nov. 14 due to the AGM that will be held on Nov. 18 to discuss and approve 2022 annual financial statements, increasing the paid-in capital from IQD255.0 bn to IQD305.0 bn through 8.3% rights issue and 11.3% bonus issue, and electing seven original and seven alternative board members.
- ISX will suspend trading of Palestine Hotel (HPAL) starting Nov. 15 due to the AGM that will be held on Nov. 20 to discuss and approve electing four original and four alternative board members if a vote is taken in favor of dismissal of current board members.
- ISX will suspend trading of Iraqi for Seed Production (AISP) starting Nov. 21 due to the AGM that will be held on Nov. 26 to discuss and approve 2021 annual financial statements, dividend distribution, and electing four original and four alternative board members.
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