Iraq Stock Market Report
Posted on 11 August 2023 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th August 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 | 1,185.2 | 6.5% | 30.2% |
| RSISX USD Index | 1,165.4 | 6.5% | 50.4% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 6,278.8 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 4.8 | # of Traded Companies | 59 |
| Traded Shares (mn)/d | 9,606 | # of Companies (Up) | 15 |
| Total Trades (#/d) | 4,963 | # of Companies (Down) | 30 |
| ISX Mcap (IQD bn) | 17,117 | # of Companies (Not changed) | 14 |
| ISX Mcap ($ mn) | 12,967 | # of Comp. Suspended from Trading (GA) | 2 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 5 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Credit Bank of Iraq (NR) | BROI | 0.760 | 55.1% | 216.7% |
| Commercial Bank of Iraq | BCOI | 0.740 | 32.1% | 48.0% |
| Babylon Bank (UCM) | BBAY | 0.090 | 28.6% | 28.6% |
| United Bank | BUND | 0.090 | 28.6% | 50.0% |
| Al-Mansour Bank | BMNS | 1.050 | 25.0% | 81.8% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Mamoura Real-estate Inv. | SMRI | 8.520 | -5.3% | -9.5% |
| Iraqi Land Transport (UCM) | SILT | 1.730 | -4.9% | -7.5% |
| Iraqi Agricultural Products | AIRP | 24.000 | -4.0% | -1.0% |
| Iraqi for Seed Production | AISP | 12.370 | -2.9% | 21.9% |
| Baghdad Hotel | HBAG | 9.600 | -2.6% | 6.3% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Bank of Baghdad | BBOB | 1,375.3 | 1,041.9 | 21.9% |
| Iraqi for Seed Production | AISP | 771.5 | 584.5 | 12.3% |
| Commercial Bank of Iraq | BCOI | 674.6 | 511.1 | 10.7% |
| Asiacell Communications PJSC | TASC | 495.6 | 375.5 | 7.9% |
| Credit Bank of Iraq (NR) | BROI | 326.3 | 247.2 | 5.2% |
| 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 | 3,084 | 4,082.3 | 3,092.7 | 65.0% | |
| Agriculture | 462 | 790.8 | 599.1 | 12.6% | |
| Industry | 912 | 666.3 | 504.8 | 10.6% | |
| Telecom | 276 | 496.0 | 375.8 | 7.9% | |
| Hotels&Tourism | 99 | 131.6 | 99.7 | 2.1% | |
| Services | 120 | 111.4 | 84.4 | 1.8% | |
| Insurance | 9 | 0.4 | 0.3 | 0.0% | |
| Investment | 1 | 0.1 | 0.0 | 0.0% | |
| Grand Total | 4,963 | 6,278.8 | 4,756.7 | 100.0% | |
ISX Company Announcements
Stocks that resumed / will resume trading:
- Baghdad Soft Drinks (IBSD) resumed trading on Aug. 10 after holding its AGM on Aug. 8 in which they discussed and approved 2022 annual financial statements, decided to distribute IQD0.20 cash dividend per share, corresponding to a 6.2% dividend yield, and electing nine original and five alternative board members.
- Al-Hamraa for Insurance (NHAM) resumed trading on Aug. 10 after disclosing its 3M23 financial results.
- Modern Construction Materials Industry (IMCM) will resume trading on Aug. 13 after holding its AGM on Aug. 3 in which they discussed and approved electing four original and four alternative board members.
- Kharkh Tour Amusement City (SKTA) resumed trading on Aug. 9 after holding its AGM on Aug. 6 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.12 cash dividend per share, corresponding to a 3.0% dividend yield.
- Al-Zawraa for Financial Investment (VZAF) resumed trading on Aug. 8 after holding its AGM on Aug. 7 in which they discussed and approved 2022 annual financial statements and elected five original and five alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Commercial Bank of Iraq (BCOI) starting Sep. 5 due to the AGM that will be held on Sep. 10 to discuss and approve 2022 annual financial statements, dividend distribution, and elect two original and one alternative board members in place of the resigned members.
- ISX will suspend trading of Region Trade Bank (BRTB) starting Sep. 21 due to the AGM that will be held on Sep. 26 to discuss and approve 2022 annual financial statements and dividend distribution.
- ISX will suspend trading of Tourist Village of Mosul dam (HTVM) starting Aug. 22 due to the AGM that will be held on Aug. 26 to discuss and approve the assignment of a contract for the rehabilitation, management, and operation of the company.
- ISX suspended trading of Al-Ameen Estate Investment (SAEI) starting Aug. 6 due to the AGM that will be held on Aug. 9 to discuss and approve 2022 annual financial statements and increasing the capital through bonus issue.
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Iraq Stock Market Report
Posted on 03 August 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd August 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 | 1,112.5 | -0.8% | 22.2% |
| RSISX USD Index | 1,093.8 | -0.8% | 41.2% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 7,268.3 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 5.5 | # of Traded Companies | 54 |
| Traded Shares (mn)/d | 5,082 | # of Companies (Up) | 20 |
| Total Trades (#/d) | 3,291 | # of Companies (Down) | 14 |
| ISX Mcap (IQD bn) | 16,700 | # of Companies (Not changed) | 20 |
| ISX Mcap ($ mn) | 12,652 | # of Comp. Suspended from Trading (GA) | 4 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 6 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Ameen for Insurance | NAME | 0.500 | 8.7% | 4.2% |
| Iraqi Date Processing & Marketing | IIDP | 0.970 | 6.6% | -1.0% |
| Iraqi for Carton Man. (UCM) | IICM | 0.960 | 5.5% | -7.7% |
| Mosul Bank | BMFI | 0.210 | 5.0% | 0.0% |
| Iraqi Land Transport (UCM) | SILT | 1.820 | 4.6% | -2.7% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Gulf Insurance&Reinsurance | NGIR | 0.280 | -22.2% | -30.0% |
| Modern Sewing | IMOS | 8.200 | -8.9% | 41.4% |
| Iraqi Engineering Works | IIEW | 6.500 | -7.1% | 6.6% |
| Ashour Hotel (NR) | HASH | 13.000 | -7.1% | 40.5% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.300 | -6.1% | -28.1% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Ameen Al-Iraq Islamic Bank (NR) | BAME | 2,000.0 | 1,515.2 | 27.5% |
| Bank of Baghdad | BBOB | 1,358.0 | 1,028.8 | 18.7% |
| Iraqi for Seed Production | AISP | 1,050.9 | 796.1 | 14.5% |
| Asiacell Communications PJSC | TASC | 757.1 | 573.6 | 10.4% |
| Baghdad Soft Drinks | IBSD | 629.6 | 476.9 | 8.7% |
| 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 | 994 | 3,928.9 | 2,976.5 | 54.1% | |
| Industry | 1,089 | 1,247.9 | 945.4 | 17.2% | |
| Agriculture | 642 | 1,062.6 | 805.0 | 14.6% | |
| Telecom | 367 | 757.2 | 573.6 | 10.4% | |
| Services | 146 | 227.3 | 172.2 | 3.1% | |
| Hotels&Tourism | 40 | 42.6 | 32.2 | 0.6% | |
| Investment | 3 | 1.1 | 0.9 | 0.0% | |
| Insurance | 10 | 0.7 | 0.5 | 0.0% | |
| Grand Total | 3,291 | 7,268.3 | 5,506.3 | 100.0% | |
ISX Company Announcements
- A cross transaction occurred on 2.0 bn shares of Ameen Al-Iraq Islamic Bank (BAME) on Aug. 1, valued at IQD2.0 bn and corresponding to 0.8% of BAME's capital.
- ISX invited the following insurance companies for listing their shares in the market: Al-Rham Insurance Company, Iraq International Insurance Company, Shatt Al-Arab Insurance Company, Badia Insurance Company, Union International Insurance Company, Kurdistan International Company, Al-Khair Insurance Company, Middle East Insurance Company, Trust House Insurance Company, Al-Tadamun Insurance Company, Ur Insurance Company, Al-Wud Insurance Company, Cihan Insurance Company, Al-Masir Insurance Company, Delania Insurance Company, Asia Insurance Company, Al Yamama Insurance Company, Andalus Insurance Company, Kar Insurance Company, Orient Insurance Company, Star Kar Insurance Company.
Stocks that resumed / will resume trading:
- New shares of Baghdad Hotel (HBAG) from the capital increase through a 4.04% bonus issue to IQD4.0 bn resumed trading on Aug. 2.
- Mamoura Real-estate Investment (SMRI) resumed trading on Aug. 2 after holding its AGM on Jul. 26 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.035 cash dividend per share, corresponding to a 0.4% dividend yield.
- Al Taif Islamic Bank (BTIB) resumed trading on Jul. 31 after holding its postponed AGM on Jul. 25 in which they discussed and approved adopting the cumulative voting method and electing seven original and seven alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Baghdad Soft Drinks (IBSD) starting Aug. 3 due to the AGM that will be held on Aug. 8 to discuss and approve 2022 annual financial statements, dividend distribution, and electing nine original and alternative board members.
- ISX suspended trading of Al-Zawraa for Financial Investment (VZAF) starting Aug. 2 due to the AGM that will be held on Aug. 7 to discuss and approve 2022 annual financial statements and elect five original and five alternative board members.
- ISX suspended trading of Kharkh Tour Amusement City (SKTA) starting Aug. 1 due to the AGM that will be held on Aug. 6 to discuss and approve 2022 annual financial statements and dividend distribution.
- ISX suspended trading of Modern Construction Materials Industry (IMCM) starting Jul. 31 due to the AGM that will be held on Aug. 3 to discuss and approve electing four original and four alternative board members.
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Iraq Stock Market Report
Posted on 28 July 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th July 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 | 1,121.7 | 0.7% | 23.2% |
| RSISX USD Index | 1,103.0 | 0.7% | 42.4% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 3,966.4 | # of Listed Companies on the ISX | 103 |
| Trading Vol. ($ mn)/d | 3.0 | # of Traded Companies | 55 |
| Traded Shares (mn)/d | 3,002 | # of Companies (Up) | 17 |
| Total Trades (#/d) | 3,799 | # of Companies (Down) | 21 |
| ISX Mcap (IQD bn) | 16,691 | # of Companies (Not changed) | 17 |
| ISX Mcap ($ mn) | 12,645 | # of Comp. Suspended from Trading (GA) | 3 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/ 1310 | # of Comp. Suspended from Trading (ISC) | 3 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Credit Bank of Iraq (NR) | BROI | 0.500 | 28.2% | 108.3% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.450 | 20.1% | -23.4% |
| Al-Mansour Bank | BMNS | 0.870 | 10.1% | 50.6% |
| National Company for Tourism Inv. | HNTI | 11.000 | 10.0% | 7.0% |
| Iraqi Middle East Investment Bank | BIME | 0.110 | 10.0% | -21.4% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Agricultural Products | AIRP | 26.000 | -13.3% | 7.2% |
| Iraqi for Carton Man. (UCM) | IICM | 0.910 | -8.1% | -12.5% |
| Al-Ameen for Insurance | NAME | 0.460 | -6.1% | -4.2% |
| Iraqi For Tufted Carpets | IITC | 15.010 | -5.6% | 7.2% |
| AL-Badia for General Trans. (UCM) | SBAG | 0.360 | -5.3% | -5.3% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Iraqi for Seed Production | AISP | 1,051.3 | 796.4 | 26.5% |
| Baghdad Soft Drinks | IBSD | 461.0 | 349.3 | 11.6% |
| Fallujah for Construction Mat. (NR) | IFCM | 349.3 | 264.6 | 8.8% |
| Asiacell Communications PJSC | TASC | 297.3 | 225.3 | 7.5% |
| Commercial Bank of Iraq | BCOI | 297.3 | 225.2 | 7.5% |
| 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 | 1,230 | 1,156.8 | 876.3 | 29.2% | |
| Agriculture | 851 | 1,057.4 | 801.0 | 26.7% | |
| Industry | 1,193 | 1,056.6 | 800.4 | 26.6% | |
| Telecom | 253 | 298.0 | 225.7 | 7.5% | |
| Services | 197 | 235.5 | 178.4 | 5.9% | |
| Hotels&Tourism | 58 | 158.6 | 120.1 | 4.0% | |
| Investment | 5 | 2.5 | 1.9 | 0.1% | |
| Insurance | 12 | 1.2 | 0.9 | 0.0% | |
| Grand Total | 3,799 | 3,966.4 | 3,004.8 | 100.0% | |
ISX Company Announcements
- Baghdad Hotel (HBAG) has completed the legal procedures for the capital increase through a 4.04% bonus issue to IQD4.0 bn.
- Baghdad Hotel (HBAG) invited shareholders to receive their cash dividends for the year 2021 starting Jul. 23 from 10 a.m. until 2 p.m. The company decided in its recent AGM (Jun. 18) to distribute an IQD0.50 cash dividend per share, corresponding to a 4.3% dividend yield.
- The listing procedures for Babil Animal & Vegetable Production (ABAP) have been completed based on the instructions of the Securities Commission. ABAP has a paid-in capital of IQD1.26 bn. The deposit of the company's share certificates will start on Jul. 25. Trading will be launched after 5% of the capital has been deposited or after 21 days have passed from the date of the start of the deposit.
Stocks that resumed / will resume trading:
- Al Taif Islamic Bank (BTIB) will resume trading on Jul. 30 after holding its postponed AGM on Jul. 25 in which they discussed and approved adopting the cumulative voting method and electing seven original and seven alternative board members.
- Trans Iraq Bank for Investment (BTRI) resumed trading on Jul. 23 after holding its AGM on Jul. 13 in which they discussed and approved 2022 annual financial statements and elected seven original and seven alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of the following companies starting Jul. 30 in accordance with an ISC decision due to not disclosing their 3M23 annual financial statements: BKUI, NDSA, NHAM, and SIGT (had already been suspended from trading).
- ISX suspended trading of Kurdistan International Islamic Bank (BKUI) starting Jul. 26 due to the AGM that will be held on Jul. 31 to discuss and approve 2021 annual financial statements, dividend distribution, adopt the cumulative voting method, and elect seven original and seven alternative board members.
- ISX will suspend trading of Iraqi Land Transport (SILT) starting Sep. 12 due to the AGM that will be held on Sep. 17 (updated) to discuss and approve electing five original and five alternative board members if a vote is taken in favor of dismissal of current board members.
- ISX suspended trading of Mamoura Real-estate Investment (SMRI) starting Jul. 23 due to the AGM that will be held on Jul. 26 to discuss and approve 2022 annual financial statements and dividend distribution.
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Iraqi Airlines to Auction Saddam Hussein's 747
Posted on 27 July 2023 .
By John Lee.
Iraqi Airways has announced that it will conduct a public auction for the sale of two Boeing 747 aircraft, which are parked at Tozeur-Nefta Airport in Tunisia.
Both Pratt and Whitney-engined planes were made in 1982, and have been parked at the airport since 1991.
It is understood that both planes were moved prior to the Gulf War for safe keeping.
YI-AGP is a Boeing 747-200, while YI-ALM is a 747-SP, which was used as Saddam Hussein's government jet.
The auction will take place on Wednesday 16th August at the airport.
The estimated value of each aircraft is $494,000.
(Source: Iraqi Airways, 747sp.com, Air History)
Posted in Iraq Transportation News Comments Off on Iraqi Airlines to Auction Saddam Hussein's 747
Iraq Stock Market Report
Posted on 21 July 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th July 2023).
Please click here to view a table of listed companies and their associated ticker codes.
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,113.5 | 2.4% | 22.3% |
| RSISX USD Index | 1,094.8 | 2.4% | 41.3% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 7,953.6 | # of Listed Companies on the ISX | 102 |
| Trading Vol. ($ mn)/d | 6.0 | # of Traded Companies | 53 |
| Traded Shares (mn)/d | 7,091 | # of Companies (Up) | 18 |
| Total Trades (#/d) | 2,728 | # of Companies (Down) | 18 |
| ISX Mcap (IQD bn) | 16,780 | # of Companies (Not changed) | 17 |
| ISX Mcap ($ mn) | 12,712 | # of Comp. Suspended from Trading (GA) | 2 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 3 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Islamic Bank | BIIB | 0.690 | 21.1% | 53.3% |
| Al-Ameen Estate Inv. (NR) | SAEI | 2.000 | 14.3% | 33.3% |
| Economy Bank | BEFI | 0.140 | 7.7% | -22.2% |
| Gulf Commercial Bank | BGUC | 0.140 | 7.7% | -12.5% |
| Investment Bank of Iraq | BIBI | 0.290 | 7.4% | 3.6% |
| Top 5 Losers | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Mosul Bank | BMFI | 0.190 | -13.6% | -9.5% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.040 | -12.1% | -36.3% |
| Mamoura Real-estate Inv. | SMRI | 9.000 | -11.7% | -4.8% |
| Nationality H. Furniture (NR) | IHFI | 2.700 | -10.0% | 83.1% |
| Sumer Commercial Bank | BSUC | 0.130 | -7.1% | -31.6% |
| Top 5 Active by Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| International Development Bank (NR) | BIDB | 4,657.5 | 3,528.4 | 58.6% |
| Iraqi for Seed Production | AISP | 1,112.1 | 842.5 | 14.0% |
| Fallujah for Construction Mat. (NR) | IFCM | 566.1 | 428.9 | 7.1% |
| Baghdad Soft Drinks | IBSD | 408.1 | 309.2 | 5.1% |
| Bank of Baghdad | BBOB | 269.1 | 203.8 | 3.4% |
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) |
| Banking | 464 | 5,191.5 | 3,933.0 | 65.3% |
| Industry | 1,076 | 1,161.3 | 879.8 | 14.6% |
| Agriculture | 784 | 1,128.1 | 854.6 | 14.2% |
| Services | 187 | 222.5 | 168.5 | 2.8% |
| Telecom | 148 | 171.8 | 130.2 | 2.2% |
| Hotels&Tourism | 62 | 76.6 | 58.0 | 1.0% |
| Investment | 7 | 1.8 | 1.4 | 0.0% |
| Insurance | 0 | 0.0 | 0.0 | 0.0% |
| Grand Total | 2,728 | 7,953.6 | 6,025.4 | 100.0% |
ISX Company Announcements
- A cross transaction occurred on 5.75 bn shares of International Development Bank (BIDB) on Jul. 17, valued at IQD4.66 bn and corresponding to 2.3% of BIDB's capital.
- Credit Bank of Iraq (BROI) invited its shareholders to receive their cash dividends for the fiscal year 2022 starting Jul. 16 through the bank's branches (Baghdad, Erbil, and Basra). The company decided in its recent AGM (Jun. 3) to distribute an IQD0.12 cash dividend per share, corresponding to a 31.6% dividend yield.
Stocks that resumed / will resume trading:
- Trans Iraq Bank for Investment (BTRI) will resume trading on Jul. 23 after holding its AGM on Jul. 13 in which they discussed and approved 2022 annual financial statements and elected seven original and seven alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Kurdistan International Islamic Bank (BKUI) starting Jul. 26 due to the AGM that will be held on Jul. 31 to discuss and approve 2021 annual financial statements, dividend distribution, adopt the cumulative voting method, and elect seven original and seven alternative board members.
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Posted in Investment 1 Comment
US Bans 14 Iraqi Banks from Dollar Transactions
Posted on 20 July 2023 .
By John Lee.
The US has reportedly barred 14 Iraqi banks from conducting dollar transactions, as part of a crackdown on illegal transfers of dollars to Iran and other sanctioned countries.
According to the Wall Street Journal, the banks include Al Mustashar Islamic Bank, Erbil Bank, World Islamic Bank, Zain Iraq Islamic Bank and Al Taif Islamic Bank.
It says that US officials hope Baghdad will begin to take more steps against money laundering and fraud in its banking system.
In addition to the five banks listed above, Shafaq News Agency also names the following: Al Qurtas Islamic Bank for Investment and Finance, Elaf Bank, International Islamic Bank, Iraq Trans Bank, Mosul Bank for Development and Investment, Rajih Bank, Sumer Commercial Bank, Trust International Islamic Bank, and Ur Islamic Bank (Al Mal Islamic Bank).
A statement today (Thursday) from the Central Bank of Iraq (CBI) said that the banks concerned represent only 8 percent of the total external transfers.
Shafaq also says that the CBI excluded four private Iraqi banks -- Al-Ansari, Al-Sharq Al-Awsat, Al-Qabid, and Asia -- from the currency auctions following directives and warnings from the US Treasury, which accused these banks of currency smuggling.
(Sources: Wall Street Journal, CBI, Shafaq News Agency)
Posted in Iraq Banking & Finance News, Iraq Industry & Trade News, Politics, Security 1 Comment
Iraq Stock Market Report
Posted on 14 July 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th July 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 | 1,087.7 | 4.7% | 19.5% |
| RSISX USD Index | 1,069.5 | 4.7% | 38.0% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 4,406.8 | # of Listed Companies on the ISX | 102 |
| Trading Vol. ($ mn)/d | 3.3 | # of Traded Companies | 54 |
| Traded Shares (mn)/d | 1,892 | # of Companies (Up) | 18 |
| Total Trades (#/d) | 3,345 | # of Companies (Down) | 24 |
| ISX Mcap (IQD bn) | 16,685 | # of Companies (Not changed) | 12 |
| ISX Mcap ($ mn) | 12,640 | # of Comp. Suspended from Trading (GA) | 2 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 3 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Baghdad Passengers Transport | SBPT | 38.500 | 18.8% | 40.0% |
| Al-Ameen Estate Inv. (NR) | SAEI | 1.750 | 16.7% | 16.7% |
| Iraqi for Seed Production | AISP | 12.010 | 16.2% | 18.3% |
| Iraqi Agricultural Products | AIRP | 30.000 | 15.4% | 23.7% |
| Al-Mansour Bank | BMNS | 0.770 | 14.9% | 33.3% |
| Top 5 Losers | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Babylon Bank (UCM) | BBAY | 0.070 | -12.5% | 0.0% |
| Iraqi For Tufted Carpets | IITC | 16.000 | -11.0% | 14.3% |
| Ashour Hotel (NR) | HASH | 13.500 | -10.0% | 45.9% |
| Economy Bank | BEFI | 0.130 | -7.1% | -27.8% |
| Sumer Commercial Bank | BSUC | 0.140 | -6.7% | -26.3% |
| Top 5 Active by Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Baghdad Soft Drinks | IBSD | 1,068.0 | 809.1 | 24.2% |
| Iraqi for Seed Production | AISP | 1,021.4 | 773.8 | 23.2% |
| Bank of Baghdad | BBOB | 560.9 | 425.0 | 12.7% |
| Asiacell Communications PJSC | TASC | 368.3 | 279.0 | 8.4% |
| Fallujah for Construction Mat. (NR) | IFCM | 326.9 | 247.7 | 7.4% |
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) |
| Industry | 1,401 | 1,660.7 | 1,258.1 | 37.7% |
| Agriculture | 778 | 1,040.5 | 788.3 | 23.6% |
| Banking | 669 | 989.0 | 749.3 | 22.4% |
| Telecom | 218 | 368.3 | 279.0 | 8.4% |
| Services | 215 | 299.7 | 227.1 | 6.8% |
| Hotels&Tourism | 63 | 48.6 | 36.8 | 1.1% |
| Investment | 1 | 0.0 | 0.0 | 0.0% |
| Insurance | 0 | 0.0 | 0.0 | 0.0% |
| Grand Total | 3,345 | 4,406.8 | 3,338.5 | 100.0% |
ISX Company Announcements
- Al-Mansour Bank (BMNS) invited its shareholders to receive their cash dividends for the fiscal year 2022 starting Jul. 19 through the bank's main branch. The company decided in its recent AGM (Apr. 5) to distribute IQD0.0425 cash dividend per share, corresponding to a 7.0% dividend yield.
- The ISC has approved the request of National Household Furniture Industry (IHFI) to have a four-month extension period to add the new shares from the capital increase through a 100% rights issue to IQD3.32 bn starting from Jun. 15, 2023.
- Credit Bank of Iraq (BROI) invited its shareholders to receive their cash dividends for the fiscal year 2022 starting Jul. 16 through the bank's branches (Baghdad, Erbil, and Basra). The company decided in its recent AGM (Jun. 3) to distribute an IQD0.12 cash dividend per share, corresponding to a 31.6% dividend yield.
Stocks that resumed / will resume trading:
- Gulf Commercial Bank (BGUC) resumed trading on Jul. 12 after holding its AGM on Jul. 4 in which they discussed and approved 2022 annual financial statements.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Baghdad Soft Drinks (IBSD) starting Aug. 3 due to the AGM that will be held on Aug. 8 to discuss and approve 2022 annual financial statements, dividend distribution, and electing nine original and alternative board members.
- ISX suspended trading of Al Taif Islamic Bank (BTIB) starting Jul. 13 due to the AGM that will be held on Jul. 18 to discuss and approve adopting the cumulative voting method and electing seven original and seven alternative board members.
- ISX will suspend trading of Al-Zawraa for Financial Investment (VZAF) starting Aug. 2 due to the AGM that will be held on Aug. 7 to discuss and approve 2022 annual financial statements and elect five original and five alternative board members.
- ISX will suspend trading of Modern Construction Materials Industry (IMCM) starting Jul. 31 due to the AGM that will be held on Aug. 3 to discuss and approve electing four original and four alternative board members.
- ISX suspended trading of Trans Iraq Bank for Investment (BTRI) starting Jul. 10 due to the AGM that will be held on Jul. 13 to discuss and approve 2022 annual financial statements, electing seven original and seven alternative board members, and dividend distribution.
- ISX will suspend trading of Mamoura Real-estate Investment (SMRI) starting Jul. 23 due to the AGM that will be held on Jul. 26 to discuss and approve 2022 annual financial statements and dividend distribution.
- ISX will suspend trading of Al-Ameen Estate Investment (SAEI) starting Aug. 6 due to the AGM that will be held on Aug. 9 to discuss and approve 2022 annual financial statements and increase the capital through bonus issue.
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Iraq Stock Market Report
Posted on 07 July 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th July 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 | 1,038.4 | 1.1% | 14.1% |
| RSISX USD Index | 1,021.0 | 1.1% | 31.8% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 12,481.3 | # of Listed Companies on the ISX | 102 |
| Trading Vol. ($ mn)/d | 9.5 | # of Traded Companies | 48 |
| Traded Shares (mn)/d | 13,956 | # of Companies (Up) | 19 |
| Total Trades (#/d) | 1,814 | # of Companies (Down) | 16 |
| ISX Mcap (IQD bn) | 16,540 | # of Companies (Not changed) | 13 |
| ISX Mcap ($ mn) | 12,530 | # of Comp. Suspended from Trading (GA) | 1 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 3 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Economy Bank | BEFI | 0.140 | 16.7% | -22.2% |
| Iraqi For Tufted Carpets | IITC | 17.980 | 10.6% | 28.4% |
| Mosul Bank | BMFI | 0.210 | 10.5% | 0.0% |
| Sumer Commercial Bank | BSUC | 0.150 | 7.1% | -21.1% |
| Iraqi for Seed Production | AISP | 10.340 | 5.5% | 1.9% |
| Top 5 Losers | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Ataa Islamic Bank (NR) | BLAD | 0.170 | -19.0% | -26.1% |
| Iraqi Agricultural Prod. Mark. Meat | AIPM | 5.050 | -15.0% | -26.3% |
| AL-Nukhba for Construction | SNUC | 0.550 | -8.3% | -1.8% |
| Al -Khazer for Construction M. | IKHC | 1.850 | -7.5% | -5.1% |
| Iraqi Islamic Bank | BIIB | 0.540 | -6.9% | 20.0% |
| Top 5 Active by Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| International Development Bank(NR) | BIDB | 10,530.0 | 7,977.3 | 84.4% |
| Baghdad Soft Drinks | IBSD | 678.2 | 513.8 | 5.4% |
| Asiacell Communications PJSC | TASC | 328.1 | 248.5 | 2.6% |
| Iraqi for Seed Production | AISP | 224.9 | 170.4 | 1.8% |
| Al-Mansour Pharmaceutical Ind. | IMAP | 131.6 | 99.7 | 1.1% |
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) |
| Banking | 358 | 10,777.3 | 8,164.6 | 86.3% |
| Industry | 910 | 1,031.2 | 781.2 | 8.3% |
| Telecom | 191 | 328.8 | 249.1 | 2.6% |
| Agriculture | 243 | 248.9 | 188.5 | 2.0% |
| Hotels&Tourism | 68 | 48.0 | 36.4 | 0.4% |
| Services | 44 | 47.1 | 35.7 | 0.4% |
| Investment | 0 | 0.0 | 0.0 | 0.0% |
| Investment | 0 | 0.0 | 0.0 | 0.0% |
| Grand Total | 1,814 | 12,481.3 | 9,455.5 | 100.0% |
ISX Company Announcements
- A cross transaction occurred on 13.0 bn shares of International Development Bank (BIDB) on Jul. 6, valued at IQD10.5 bn and corresponding to 5.2% of BIDB's capital.
- Asiacell (TASC) invited its shareholders to receive their cash dividends for the fiscal year 2022 starting Jul. 4 through the branches of the National Bank of Iraq (BNOI). The company decided in its recent AGM (Jun. 1) to distribute IQD1.0 cash dividend per share, corresponding to a 12.3% dividend yield.
- UK-based online trading and foreign exchange company ATFX has announced the start of operations in Iraq, in partnership with Iraq's Ashur Bank (BASH). The agreement was signed in Jordan by Joe Li, Global Chairman of ATFX, and Ziad Fatayer, the CEO of Ashur Bank. (Iraq Business News)
- Ameen Al-Iraq Bank for Islamic Investment (BAME) has completed the legal procedures for the capital increase through a 12.4% rights issue to IQD250 bn.
Stocks that resumed / will resume trading:
- Al-Ameen Insurance (NAME) resumed trading on Jul. 6 after holding its AGM on Jun. 26 in which they discussed and approved 2022 annual financial statements.
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Iraq Stock Market Report
Posted on 23 June 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd June 2023).
Please click here to view a table of listed companies and their associated ticker codes.
Note: ISX will be closed starting from Jun. 27, 2023 (Tuesday) to Jul. 2, 2023 (Sunday) due to the religious holiday of Eid Al-Adha. The next trading session will be held on Jul. 3, 2023 (Monday).
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 1,028.6 | 0.5% | 13.0% |
| RSISX USD Index | 1,011.4 | 0.5% | 30.5% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 9,646.7 | # of Listed Companies on the ISX | 102 |
| Trading Vol. ($ mn)/d | 7.3 | # of Traded Companies | 48 |
| Traded Shares (mn)/d | 8,677 | # of Companies (Up) | 19 |
| Total Trades (#/d) | 3,103 | # of Companies (Down) | 13 |
| ISX Mcap (IQD bn) | 16,336 | # of Companies (Not changed) | 16 |
| ISX Mcap ($ mn) | 12,376 | # of Comp. Suspended from Trading (GA) | 1 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 3 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al -Khazer for Construction M. | IKHC | 2.000 | 14.9% | 2.6% |
| Babylon Bank (UCM) | BBAY | 0.080 | 14.3% | 14.3% |
| United Bank | BUND | 0.080 | 14.3% | 33.3% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.650 | 10.4% | -17.2% |
| Iraqi Islamic Bank | BIIB | 0.590 | 9.3% | 31.1% |
| Top 5 Losers | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Baghdad Hotel | HBAG | 9.300 | -14.0% | 2.9% |
| Iraqi Engineering Works | IIEW | 7.000 | -10.3% | 14.8% |
| Mamoura Real-estate Inv. | SMRI | 10.190 | -10.2% | 7.8% |
| Iraqi Agricultural Prod. Mark. Meat | AIPM | 4.500 | -10.0% | -34.3% |
| Ashour Hotel (NR) | HASH | 14.600 | -8.8% | 57.8% |
| Top 5 Active by Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| International Development Bank (NR) | BIDB | 4,860.0 | 3,681.8 | 50.4% |
| Bank of Baghdad | BBOB | 1,731.2 | 1,311.5 | 17.9% |
| Baghdad Soft Drinks | IBSD | 591.3 | 448.0 | 6.1% |
| Asiacell Communications PJSC | TASC | 472.2 | 357.7 | 4.9% |
| Fallujah for Construction Mat. (NR) | IFCM | 448.1 | 339.4 | 4.6% |
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) |
| Banking | 847 | 7,085.7 | 5,368.0 | 73.5% |
| Industry | 1,367 | 1,412.2 | 1,069.8 | 14.6% |
| Telecom | 248 | 472.2 | 357.7 | 4.9% |
| Agriculture | 359 | 360.7 | 273.3 | 3.7% |
| Services | 142 | 181.7 | 137.6 | 1.9% |
| Hotels&Tourism | 140 | 134.3 | 101.7 | 1.4% |
| Investment | 0 | 0.0 | 0.0 | 0.0% |
| Investment | 0 | 0.0 | 0.0 | 0.0% |
| Grand Total | 3,103 | 9,646.7 | 7,308.1 | 100.0% |
ISX Company Announcements
- A cross transaction occurred on 6.0 bn shares of International Development Bank (BIDB) on Jun. 19, valued at IQD4.86 bn and corresponding to 2.4% of BIDB's capital.
- Al-Hamraa for Insurance (NHAM) has completed the legal procedures for the capital increase through 257% rights issue from IQD7.0 bn to IQD25.0 bn.
Stocks that resumed / will resume trading:
- Iraqi for Tufted Carpets (IITC) resumed trading on Jun. 21 after holding its AGM on Jun. 15 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD0.75 cash dividend per share, corresponding to a 4.4% dividend yield.
- Original shares of Baghdad Hotel (HBAG) resumed trading on Jun. 20 after holding its AGM on Jun. 18 in which they discussed and approved 2021 annual financial statements, increasing the capital to IQD4.0 bn through 4.04% bonus issue, and decided to distribute IQD0.50 cash dividend per share, corresponding to a 4.3% dividend yield.
- Iraqi Agricultural Products Marketing Meat (AIPM) resumed trading on Jun. 20 after holding its AGM on Jun. 14 in which they discussed and approved 2020 & 2021 annual financial statements.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Al-Ameen Insurance (NAME) starting Jun. 21 due to the AGM that will be held on Jun. 26 to discuss and approve 2022 annual financial statements.
- ISX will suspend trading of Al-Mansour Pharmaceuticals Industries (IMAP) starting Aug. 16 due to the AGM that will be held on Aug. 21 to discuss and approve 2022 annual financial statements.
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Iraq Stock Market Report
Posted on 08 June 2023 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th June 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 | 1,011.1 | 3.0% | 11.1% |
| RSISX USD Index | 994.2 | 3.0% | 28.3% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d | 12,555 | # of Listed Companies on the ISX | 102 |
| Trading Vol. ($ mn)/d | 9.5 | # of Traded Companies | 53 |
| Traded Shares (mn)/d | 7,386 | # of Companies (Up) | 12 |
| Total Trades (#/d) | 3,381 | # of Companies (Down) | 23 |
| ISX Mcap (IQD bn) | 16,292 | # of Companies (Not changed) | 18 |
| ISX Mcap ($ mn) | 12,343 | # of Comp. Suspended from Trading (GA) | 1 |
| Market FX Rate*/ CBI Auction Price (IQD/$)** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 3 |
*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
**Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Ashour Hotel (NR) | HASH | 16.500 | 35.2% | 78.4% |
| Mamoura Real-estate Inv. | SMRI | 12.840 | 28.4% | 35.9% |
| Iraqi For Tufted Carpets | IITC | 16.900 | 12.7% | 14.6% |
| Baghdad Hotel | HBAG | 11.000 | 10.0% | 11.1% |
| Baghdad Soft Drinks | IBSD | 3.080 | 8.1% | -6.7% |
| Top 5 Losers | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| United Bank (UCM) | BUND | 0.060 | -14.3% | 0.0% |
| Kurdistan Int. Islamic Bank | BKUI | 0.920 | -8.0% | -10.7% |
| Modern Sewing | IMOS | 9.000 | -5.8% | 55.2% |
| Iraqi Date Processing & Marketing | IIDP | 0.840 | -3.4% | -14.3% |
| Palestine Hotel (UCM) | HPAL | 14.500 | -2.7% | 2.1% |
| Top 5 Active by Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Baghdad Soft Drinks | IBSD | 5,447.6 | 4,127.0 | 43.4% |
| Asiacell Communications PJSC | TASC | 2,824.9 | 2,140.1 | 22.5% |
| Bank of Baghdad | BBOB | 1,896.1 | 1,436.4 | 15.1% |
| Al-Khair for Financial Inv. (UCM) | VKHF | 371.3 | 281.3 | 3.0% |
| Mansour Hotel | HMAN | 367.9 | 278.7 | 2.9% |
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) |
| Industry | 1,127 | 5,827.6 | 4,414.8 | 46.4% |
| Telecom | 557 | 2,824.9 | 2,140.1 | 22.5% |
| Banking | 1,019 | 2,444.3 | 1,851.7 | 19.5% |
| Hotels&Tourism | 179 | 537.5 | 407.2 | 4.3% |
| Investment | 7 | 396.3 | 300.2 | 3.2% |
| Services | 259 | 289.6 | 219.4 | 2.3% |
| Agriculture | 233 | 235.3 | 178.2 | 1.9% |
| Insurance | 0 | 0.0 | 0.0 | 0.0% |
| Grand Total | 3,381 | 12,555.4 | 9,511.6 | 100.0% |
ISX Company Announcements
- A cross transaction occurred on 1.86 bn shares of Al-Khair Financial Investment (VKHF) on Jun. 7, valued at IQD371.3 mn and corresponding to 26.5% of VKHF's capital.
- The ISC approved the request of Ready Made Clothes (IRMC) and National company for Tourisim Investment (HNTI) for an additional extension period of 1 year to submit its 2022 annual financial statements.
- International Islamic Bank (BINT) decided to distribute IQD0.035 cash dividend per share, corresponding to a 2.0% dividend yield. (The company corrected the cash dividend per share announced before from IQD0.9345 to IQD0.035 per share)
Stocks that resumed / will resume trading:
- National Chemical & Plastic Industries (INCP) resumed trading on Jun. 8 after holding its AGM on Jun. 5 in which they discussed and approved 2021 annual financial statements.
- Trust International Islamic Bank (BTRU) resumed trading on Jun. 7 after holding its AGM on May 28 in which they discussed and approved 2022 annual financial statements.
- New shares of National Bank of Iraq (BNOI) from the capital increase through 11.1% bonus issue to IQD300 bn resumed trading on Jun. 7.
- Asiacell (TASC) resumed trading on Jun. 5 after holding its AGM on Jun. 1 in which they discussed and approved 2022 annual financial statements and decided to distribute IQD1.0 cash dividend per share, corresponding to a 12.3% dividend yield.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Al-Ameen Insurance (NAME) starting Jun. 21 due to the AGM that will be held on Jun. 26 to discuss and approve 2022 annual financial statements.
- ISX suspended trading of Iraqi for General Transportation (SIGT) starting Jun. 7 due to the large number of complaints received to the ISC regarding the lack of a fixed headquarters for the company, which after inspection turned out to be true. The ISC has already given a period of 10 days for the company to answer, but the company did not respond.
- ISX will suspend trading of Trans Iraq Bank for Investment (BTRI) starting Jul. 10 due to the AGM that will be held on Jul. 13 to discuss and approve 2022 annual financial statements, electing seven original and seven alternative board members, and dividend distribution.
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