Iraq Stock Market Report
Posted on 28 March 2025 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 27th March 2025.
Please click here to view a table of listed companies and their associated ticker codes.
Note: ISX will be closed starting from Mar. 30, 2025 (Sunday) to Apr. 3, 2025 (Thursday) due to the religious holiday of Eid Al-Fitr. The next trading session will be held on Apr. 6, 2025 (Sunday).
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 2,254.5 | 0.1% | 0.2% |
| RSISX USD Index | 2,216.8 | 0.1% | 0.2% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 9,624.2 | # of Comp. Listed on the ISX / # of Comp. on the OTC Market |
104
/ 11 |
| Trading Vol. ($ mn)/w* | 7.3 | # of Traded Companies | 53 |
| Traded Shares (mn)/w* | 4,220 | # of Companies (Up) | 22 |
| Total Trades (#/w)* | 2,878 | # of Companies (Down) | 18 |
| ISX Mcap (IQD bn) | 22,199 | # of Companies (Not changed) | 13 |
| ISX Mcap ($ mn) | 16,817 | # of Comp. Suspended from Trading (GA) | 4 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320/
1310 |
# of Comp. Suspended from Trading (ISC) | 8 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi for Carton Man. | IICM | 1.350 | 22.7% | -26.2% |
| Nat. Chem. & Plastic Ind. (UCM) | INCP | 2.290 | 17.4% | -1.3% |
| Al-Ataa Islamic Bank (NRM) | BLAD | 0.090 | 12.5% | -10.0% |
| Baghdad Passengers Transport | SBPT | 37.000 | 12.1% | -3.9% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.240 | 12.0% | -6.7% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Nationality H. Furniture (NRM) | IHFI | 1.050 | -16.0% | -25.0% |
| Iraqi Engineering Works | IIEW | 7.300 | -14.1% | -18.9% |
| Al-Sadeer Hotel | HSAD | 24.000 | -7.5% | -11.1% |
| Economy Bank | BEFI | 0.270 | -6.9% | -15.6% |
| Ready Made Clothes | IRMC | 2.900 | -6.5% | -20.5% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al-Mansour Pharmaceutical Ind. | IMAP | 5,088.8 | 3,855.2 | 52.9% |
| Bank of Baghdad | BBOB | 1,578.1 | 1,195.5 | 16.4% |
| Al-Mansour Bank | BMNS | 496.2 | 375.9 | 5.2% |
| National Bank of Iraq | BNOI | 492.1 | 372.8 | 5.1% |
| Baghdad Soft Drinks | IBSD | 316.8 | 240.0 | 3.3% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Industry | 501 | 5,572.7 | 4,221.7 | 57.9% | |
| Banking | 1,525 | 3,077.9 | 2,331.8 | 32.0% | |
| Agriculture | 257 | 412.9 | 312.8 | 4.3% | |
| Services | 405 | 322.0 | 243.9 | 3.3% | |
| Telecom | 96 | 117.4 | 88.9 | 1.2% | |
| Hotels&Tourism | 67 | 109.4 | 82.9 | 1.1% | |
| Insurance | 8 | 4.6 | 3.5 | 0.0% | |
| Investment | 0 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 2,859 | 9,616.9 | 7,285.5 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange
- National Bank of Iraq (BNOI) decided in its AGM held on Mar. 27 to increase the paid-in capital from IQD400.0 bn to IQD520.0 bn through a 30.0% bonus issue and to distribute IQD0.20 cash dividend per share, corresponding to a 4.9% dividend yield.
- Al-Mansour Bank (BMNS) has completed the legal procedures for the capital increase through a 26.78% bonus issue to IQD445.0 bn.
- Investment Bank of Iraq (BIBI) has completed the legal procedures for the capital increase through an 11.998% bonus issue to IQD288.0 bn.
- The ISC has approved the request of Al Taif Islamic Bank (BTIB) to have a four-month extension period to add the new shares from the capital increase through a 20.0% rights issue to IQD300.0 bn starting from Mar. 12, 2025.
- Hammurabi Commercial Bank (BHAM) will start trading in the OTC on Apr. 7 after completing the procedures for registering the shareholders' register and depositing a percentage exceeding 43% of the company's capital.
- The selling of the additional shares of Al-Mansour Pharmaceuticals Industries (IMAP), amounting to 2.56 bn shares, has been completed.
- ISX suspended trading of the first issuance of Binaa bonds starting on Mar. 27, 2025, due to distributing semi-annual interest.
Stocks that resumed / will resume trading:
- Iraqi Agricultural Products (AIRP) will resume trading on Apr. 6. after holding its AGM on Feb. 27 in which they discussed and approved the sale of the company's property in Baghdad and withdrawing a loan from approved banks in Iraq to restart the suspended projects.
- Original shares of Region Trade Bank (BRTB) resumed trading on Mar. 27 after holding its AGM on Mar. 20 in which they discussed and approved 2024 annual financial statements, increasing the paid-in capital from IQD350.0 bn to IQD400.0 bn through a 14.29% bonus issue.
- New shares of Cihan Bank (BCIH) from the capital increase to IQD400.0 bn through a 6.8% rights issue and a 5.9% bonus issue resumed trading on Mar. 25.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Al-Mansour Hotels (HMAN) starting May 4 due to the AGM that will be held on May 7 to discuss and approve 2023 annual financial statements, dividend distribution, and direct invitations for investment in the hotel.
- ISX suspended trading of National Bank of Iraq (BNOI) starting Mar. 24 due to the AGM that will be held on Mar. 27 to discuss and approve 2024 annual financial statements, dividend distribution, the management agreement between BNOI and the Capital Bank of Jordan, increasing the paid-in capital from IQD400.0 bn to IQD520.0 bn through a 30.0% bonus issue, financing the opening of 6 new branches, and electing nine original and nine alternative board members.
- ISX suspended trading of National Islamic Bank (BNAI) starting Mar. 24 due to the AGM that will be held on Mar. 27 to discuss and approve 2024 annual financial statements, dividend distribution, increasing the paid-in capital from IQD351.0 bn to IQD400.0 bn through rights issue and bonus issue.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 21 March 2025 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 20th March 2025.
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 | 2,253.1 | 2.7% | 0.2% |
| RSISX USD Index | 2,215.4 | 2.7% | 0.2% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 12,478.3 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 11 |
| Trading Vol. ($ mn)/w* | 9.5 | # of Traded Comp. | 57 |
| Traded Shares (mn)/w* | 6,433 | # of Companies (Up) | 18 |
| Total Trades (#/w)* | 2,648 | # of Companies (Down) | 20 |
| ISX Mcap (IQD bn) | 21,843 | # of Companies (Not changed) | 19 |
| ISX Mcap ($ mn) | 16,547 | # of Comp. Suspended from Trading (GA) | 3 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 8 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Baghdad Passengers Transport | SBPT | 33.000 | 26.3% | -14.3% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.000 | 14.3% | -16.7% |
| Economy Bank | BEFI | 0.290 | 11.5% | -9.4% |
| Iraqi for Carton Man. | IICM | 1.100 | 10.0% | -39.9% |
| Ashur International Bank | BASH | 0.310 | 6.9% | 3.3% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al -Khazer for Construction M. | IKHC | 1.650 | -11.8% | -25.0% |
| Electronic Industries (UCM) | IELI | 1.260 | -11.3% | -28.0% |
| Sumer Commercial Bank | BSUC | 0.080 | -11.1% | -20.0% |
| Al-Ataa Islamic Bank (NRM) | BLAD | 0.080 | -11.1% | -20.0% |
| Babil Animal & Vegetable Prod. | ABAP | 25.000 | -10.7% | 0.0% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Bank of Baghdad | BBOB | 3,681.1 | 2,788.7 | 29.5% |
| National Bank of Iraq | BNOI | 2,663.3 | 2,017.6 | 21.4% |
| Asia Al Iraq Islamic Bank | BAIB | 1,904.4 | 1,442.7 | 15.3% |
| Al-Mansour Pharmaceutical Ind. | IMAP | 1,354.9 | 1,026.5 | 10.9% |
| Al-Mansour Bank | BMNS | 479.5 | 363.3 | 3.8% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 1,688 | 9,717.3 | 7,361.6 | 77.9% | |
| Industry | 291 | 1,710.6 | 1,295.9 | 13.7% | |
| Hotels&Tourism | 59 | 353.8 | 268.1 | 2.8% | |
| Telecom | 184 | 277.7 | 210.4 | 2.2% | |
| Agriculture | 198 | 244.7 | 185.4 | 2.0% | |
| Services | 205 | 163.7 | 124.0 | 1.3% | |
| Insurance | 2 | 0.0 | 0.0 | 0.0% | |
| Investment | 0 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 2,627 | 12,467.8 | 9,445.3 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange
- A cross transaction occurred on 1.7 bn shares of Asia Al Iraq Islamic Bank (BAIB) on Mar. 19, valued at IQD1.5 bn and corresponding to 0.7% of BAIB's capital.
- Al-Mansour Pharmaceuticals Industries (IMAP) invited its shareholders to subscribe to 2.56 bn shares starting Mar. 17, 2025, for a period of five working days, from the capital increase to IQD18.56 bn through 16.0% rights issue according to the Companies Law No. 21 of 1997/Article 55/Fourth. Selling price will be IQD2.5 to people who will participate in the capital increase, and, the subscription will be available to anyone who wishes to subscribe in accordance with the procedures approved by the ISC and the ISX.
- Al-Khatem Telecoms (TZNI) invited its shareholders to receive their cash dividends for the fiscal year 2022 & 2023, every Thursday at the company's HQ from March 20 to May 29, 2025, from 10:00 AM to 12:00 PM. The company decided in its recent AGM (Jan. 20, 2025) to distribute IQD0.1397 cash dividend per share, corresponding to a 5.7% dividend yield.
- Iraqi for Seed Production (AISP) invited its shareholders to receive their cash dividends for the fiscal year 2021, starting Apr. 8, 2025. The company decided in its recent AGM (Mar. 2, 2025) to distribute IQD14.0 bn dividend in total.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Region Trade Bank (BRTB) starting Mar. 17 due to the AGM that will be held on Mar. 20 to discuss and approve 2024 annual financial statements, dividend distribution, increasing the paid-in capital from IQD350.0 bn to IQD400.0 bn through a 14.29% bonus issue.
- Based on ISC's letter No. 570/10 on Mar. 13, ISX suspended trading of Al Mal Islamic Investment Bank (BMAL) starting Mar. 17. This decision is pending the completion of verification procedures for the sources of funds, as part of regulatory measures aimed at strengthening due diligence procedures to ensure the protection of the market and investors.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 14 March 2025 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th March 2025.
Please click here to view a table of listed companies and their associated ticker codes.
Note: ISX will be closed on Mar. 16, 2025 (Sunday) due to a public holiday. The next trading session will be held on Mar. 17, 2025 (Monday).
| RSISX Index Change | |||
| RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
| RSISX IQD Index | 2,194.4 | 0.1% | -2.5% |
| RSISX USD Index | 2,157.7 | 0.1% | -2.5% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 8,010.6 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 11 |
| Trading Vol. ($ mn)/w* | 6.1 | # of Traded Comp. | 57 |
| Traded Shares (mn)/w* | 3,579 | # of Companies (Up) | 23 |
| Total Trades (#/w)* | 3,421 | # of Companies (Down) | 16 |
| ISX Mcap (IQD bn) | 21,657 | # of Companies (Not changed) | 18 |
| ISX Mcap ($ mn) | 16,407 | # of Comp. Suspended from Trading (GA) | 2 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Middle East Investment Bank | BIME | 0.080 | 14.3% | 0.0% |
| Al-Ahlyia for Agricultural Prod. | AAHP | 1.210 | 14.2% | 15.2% |
| Kurdistan Int. Islamic Bank | BKUI | 0.900 | 12.5% | 32.4% |
| Al-Ameen for Insurance | NAME | 0.850 | 6.3% | 13.3% |
| Ashour Hotel (NRM) | HASH | 26.000 | 4.0% | 0.0% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Electronic Industries (UCM) | IELI | 1.420 | -13.4% | -18.9% |
| Babil Animal & Vegetable Prod. | ABAP | 28.000 | -9.7% | 12.0% |
| Iraqi for Carton Man. | IICM | 1.000 | -9.1% | -45.4% |
| Nationality H. Furniture (NRM) | IHFI | 1.250 | -7.4% | -10.7% |
| Iraqi Agricultural Prod. Mark. Meat | AIPM | 5.000 | -7.4% | -12.3% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| National Bank of Iraq | BNOI | 3,830.3 | 2,901.7 | 47.9% |
| Al-Mansour Bank | BMNS | 1,207.8 | 915.0 | 15.1% |
| Bank of Baghdad | BBOB | 657.2 | 497.9 | 8.2% |
| Iraqi for Seed Production | AISP | 619.1 | 469.0 | 7.7% |
| Asiacell Communications PJSC | TASC | 406.5 | 308.0 | 5.1% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 2,099 | 6,295.3 | 4,769.1 | 78.6% | |
| Agriculture | 367 | 625.4 | 473.8 | 7.8% | |
| Industry | 425 | 498.3 | 377.5 | 6.2% | |
| Telecom | 236 | 406.8 | 308.2 | 5.1% | |
| Services | 210 | 124.9 | 94.6 | 1.6% | |
| Hotels&Tourism | 45 | 51.7 | 39.1 | 0.6% | |
| Insurance | 25 | 2.1 | 1.6 | 0.0% | |
| Investment | 0 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 3,407 | 8,004.4 | 6,063.9 | 100.0% | |
(1) Excluding OTC market
Stocks that resumed / will resume trading:
- Iraqi for Seed Production (AISP) resumed trading on Mar. 11 after holding its postponed AGM on Mar. 2 in which they discussed and approved various matters, including increasing production and storage capacity, importing factories, the sovereign loan, adding the activity of importing fodder yellow corn and chemical fertilizers, establishing a commercial department, activating the open investment portfolio, and offering the Abu Ghraib site area for investment after emptying it to complete deficiencies at the Nay site in Diyala Governorate and support the governorate's development. The AGM also discussed and approved investing in or renting the refrigerated potato warehouse site in Abu Ghraib and the lease contract for Al-Latifiya Farm. AISP decided to distribute IQD14.0 bn dividend in total.
- Iraqi Agricultural Products Marketing Meat (AIPM) resumed trading on Mar. 11 after not being able to hold its original and postponed AGM on Feb. 22 and Mar. 1, respectively.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of National Bank of Iraq (BNOI) starting Mar. 24 due to the AGM that will be held on Mar. 27 to discuss and approve 2024 annual financial statements, dividend distribution, the management agreement between BNOI and the Capital Bank of Jordan, increasing the paid-in capital from IQD400.0 bn to IQD520.0 bn through a 30.0% bonus issue, financing the opening of 6 new branches, and electing nine original and nine alternative board members.
- ISX will suspend trading of National Islamic Bank (BNAI) starting Mar. 24 due to the AGM that will be held on Mar. 27 to discuss and approve 2024 annual financial statements, dividend distribution, increasing the paid-in capital from IQD351.0 bn to IQD400.0 bn through rights issue and bonus issue.
- Based on ISC's letter No. 570/10 on Mar. 13, ISX will suspend trading of Al Mal Islamic Investment Bank (BMAL) starting Mar. 17. This decision is pending the completion of verification procedures for the sources of funds, as part of regulatory measures aimed at strengthening due diligence procedures, to ensure the protection of the market and investors.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 07 March 2025 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 6th March 2025.
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 | 2,191.7 | -1.2% | -2.6% |
| RSISX USD Index | 2,155.0 | -1.2% | -2.6% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 7,142.3 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 11 |
| Trading Vol. ($ mn)/w* | 5.4 | # of Traded Comp. | 50 |
| Traded Shares (mn)/w* | 3,832 | # of Companies (Up) | 27 |
| Total Trades (#/w)* | 3,473 | # of Companies (Down) | 8 |
| ISX Mcap (IQD bn) | 21,798 | # of Companies (Not changed) | 15 |
| ISX Mcap ($ mn) | 16,514 | # of Comp. Suspended from Trading (GA) | 4 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Kurdistan Int. Islamic Bank | BKUI | 0.800 | 17.6% | 17.6% |
| Mosul Bank | BMFI | 0.170 | 13.3% | 0.0% |
| Al-Sadeer Hotel | HSAD | 27.000 | 8.0% | 0.0% |
| Nationality H. Furniture (NRM) | IHFI | 1.350 | 4.7% | -3.6% |
| Nat. Chem. & Plastic Ind. (UCM) | INCP | 1.990 | 2.1% | -14.2% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| United Bank (UCM) | BUND | 0.050 | -44.4% | -73.7% |
| Iraqi for Carton Man. | IICM | 1.100 | -18.5% | -39.9% |
| Elaf Islamic Bank | BELF | 0.470 | -14.5% | 2.2% |
| Iraqi Middle East Investment Bank | BIME | 0.070 | -12.5% | -12.5% |
| Al-Mansour Bank | BMNS | 1.530 | -10.0% | -1.9% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al-Mansour Bank | BMNS | 2,321.0 | 1,758.3 | 32.5% |
| Bank of Baghdad | BBOB | 2,162.4 | 1,638.2 | 30.3% |
| Asiacell Communications PJSC | TASC | 659.8 | 499.9 | 9.3% |
| National Bank of Iraq | BNOI | 477.7 | 361.9 | 6.7% |
| Baghdad Soft Drinks | IBSD | 395.9 | 299.9 | 5.5% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 2,271 | 5,459.0 | 4,135.6 | 76.5% | |
| Industry | 601 | 781.7 | 592.2 | 11.0% | |
| Telecom | 256 | 660.3 | 500.2 | 9.3% | |
| Services | 266 | 186.3 | 141.2 | 2.6% | |
| Hotels&Tourism | 45 | 42.5 | 32.2 | 0.6% | |
| Insurance | 4 | 3.0 | 2.2 | 0.0% | |
| Agriculture | 1 | 0.0 | 0.0 | 0.0% | |
| Investment | 0 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 3,444 | 7,132.8 | 5,403.6 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange
- Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'CCC+' and its Government Support Rating (GSR) at 'ccc+'. (FitchRatings)
- The ISC has approved the request of Investment Bank of Iraq (BIBI) to have a two-month extension period to add the new shares from the capital increase through an 11.998% bonus issue to IQD288.0 bn starting from Mar. 1, 2025.
- The ISC has approved the request of Ahliya for Insurance (NAHF) to have a two-month extension period to add the new shares from the capital increase through a 114.3% rights issue to IQD15.0 bn starting from Mar. 2, 2025.
- Al -Khazer for Construction Materials (IKHC) invited its shareholders to subscribe to 1.0 bn shares starting Mar. 2 from the capital increase to IQD2.0 bn through a 100.0% rights issue. The subscription period is no less than 30 days and no more than 60 days.
- The third issuance of Enjaz bonds was launched for trading starting Mar. 5, 2025, on the bond platform. The price change will be 5% according to the table received from the CBI. The bonds will trade from 10:00 am till 12:00 pm.
- Gulf Commercial Bank (BGUC) invited its shareholders to subscribe to 50.0 bn shares starting Mar. 5 from the capital increase to IQD350.0 bn through a 16.67% rights issue. The subscription period is no less than 30 days and no more than 60 days.
Stocks that resumed / will resume trading:
- Original shares of Al-Mansour Bank (BMNS) resumed trading on Mar. 2 after holding its AGM on Feb. 26 in which they discussed and approved 2024 annual financial statements, increasing the paid-in capital from IQD351.0 bn to IQD445.0 bn through a 26.78% bonus issue, and electing nine original and nine alternative board members.
- Kurdistan International Islamic Bank (BKUI) resumed trading on Mar. 3 after holding its AGM on Feb. 15 in which they discussed and approved 2023 annual financial statements, decided to distribute IQD0.225 cash dividend per share, corresponding to a 25.0% dividend yield, and electing one original and seven alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Region Trade Bank (BRTB) starting Mar. 17 due to the AGM that will be held on Mar. 20 to discuss and approve 2024 annual financial statements, dividend distribution, increasing the paid-in capital from IQD350.0 bn to IQD400.0 bn through a 14.29% bonus issue.
- ISX will suspend trading of Metallic & Bicycles Industries (IMIB) starting Apr. 28 due to the AGM that will be held on May 4 to discuss and approve 2021, 2022, and 2023 annual financial statements and electing four original and four alternative board members.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 01 March 2025 .
Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 27th February 2025.
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 | 2,218.4 | -1.0% | -1.4% |
| RSISX USD Index | 2,181.3 | -1.0% | -1.4% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 7,945.0 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 11 |
| Trading Vol. ($ mn)/w* | 6.0 | # of Traded Comp. | 50 |
| Traded Shares (mn)/w* | 3,835 | # of Companies (Up) | 26 |
| Total Trades (#/w)* | 2,830 | # of Companies (Down) | 6 |
| ISX Mcap (IQD bn) | 22,097 | # of Companies (Not changed) | 18 |
| ISX Mcap ($ mn) | 16,740 | # of Comp. Suspended from Trading (GA) | 6 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Middle East Investment Bank | BIME | 0.080 | 14.3% | 0.0% |
| Kharkh Tour Amuzement City | SKTA | 4.500 | 8.7% | 2.5% |
| Al-Mosul for Funfairs | SMOF | 7.000 | 5.4% | 0.0% |
| Al-Ameen Estate Inv. (NRM) | SAEI | 2.330 | 5.0% | -4.1% |
| Ishtar Hotels | HISH | 9.200 | 0.5% | -8.0% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| United Bank (UCM) | BUND | 0.090 | -52.6% | -52.6% |
| Al -Khazer for Construction M. | IKHC | 1.870 | -15.0% | -15.0% |
| Baghdad Passengers Transport | SBPT | 26.000 | -11.1% | -32.5% |
| Al-Ataa Islamic Bank (NRM) | BLAD | 0.090 | -10.0% | -10.0% |
| Iraqi for Carton Man. | IICM | 1.350 | -10.0% | -26.2% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Bank of Baghdad | BBOB | 4,531.8 | 3,433.2 | 57.3% |
| Asiacell Communications PJSC | TASC | 949.8 | 719.5 | 12.0% |
| Baghdad Soft Drinks | IBSD | 895.0 | 678.1 | 11.3% |
| National Bank of Iraq | BNOI | 489.1 | 370.6 | 6.2% |
| Gulf Commercial Bank | BGUC | 291.4 | 220.7 | 3.7% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 1,373 | 5,596.5 | 4,239.8 | 70.7% | |
| Industry | 849 | 1,089.7 | 825.5 | 13.8% | |
| Telecom | 224 | 953.3 | 722.2 | 12.0% | |
| Services | 297 | 208.0 | 157.6 | 2.6% | |
| Hotels&Tourism | 36 | 37.3 | 28.3 | 0.5% | |
| Agriculture | 9 | 27.8 | 21.1 | 0.4% | |
| Insurance | 5 | 0.4 | 0.3 | 0.0% | |
| Investment | 1 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 2,794 | 7,913.0 | 5,994.7 | 100.0% | |
(1) Excluding OTC market
Weekly News from Iraq
- The Iraq Stock Exchange, represented by the Chairman of the Board of Governors, Mr. Thaer Adnan Hashem, signed a clearing services contract for the market with the National Bank of Iraq (BNOI) and Elaf Islamic Bank (BELF) at the market headquarters on Sunday.
- The AGM of Iraqi for Seed Production (AISP) has been postponed to Mar. 2 due to a lack of quorum.
- Al -Khazer for Construction Materials (IKHC) invited its shareholders to subscribe to 1.0 bn shares starting Mar. 2 from the capital increase to IQD2.0 bn through a 100.0% rights issue. The subscription period is no less than 30 days and no more than 60 days.
- Cihan Bank (BCIH) has completed the legal procedures for the capital increase through a 6.8% rights issue and a 5.9% bonus issue to IQD400.0 bn.
Stocks that resumed / will resume trading:
- Al- Batek Financial Investment (VBAT) resumed trading on Feb. 24 after holding its AGM on Feb. 18 in which they discussed and approved 2014 until 2023 annual financial statements and electing five original and three alternative board members.
- Original shares of United Bank (BUND) resumed trading on Feb. 26 after holding its AGM on Jan. 26 in which they discussed and approved 2022 & 2023 annual financial statements, increasing the paid-in capital from IQD300.0 bn to IQD350.0 bn through a 16.67% rights issue, and electing seven original and seven alternative board members.
- Original shares of Al-Mansour Bank (BMNS) will resume trading on Mar. 2 after holding its AGM on Feb. 26 in which they discussed and approved 2024 annual financial statements, increasing the paid-in capital from IQD351.0 bn to IQD445.0 bn through a 26.78% bonus issue, and electing nine original and nine alternative board members. The opening price will be IQD1.700 per share with a +/-50% price change limit.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Al-Mansour Bank (BMNS) starting Feb. 23 due to the AGM that will be held on Feb. 26 to discuss and approve 2024 annual financial statements, dividend distribution, increasing the paid-in capital from IQD351.0 bn to IQD400.0 bn through a 13.96% bonus issue, and electing nine original and nine alternative board members.
- ISX suspended trading of Iraqi Agricultural Products (AIRP) starting Feb. 24 due to the AGM that will be held on Feb. 27 to discuss and approve the sale of the company's property in Baghdad and withdrawing a loan from approved banks in Iraq to restart the suspended projects.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 21 February 2025 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 20th February 2025.
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 | 2,241.3 | -0.4% | -0.4% |
| RSISX USD Index | 2,203.8 | -0.4% | -0.4% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 9,532.8 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 8 |
| Trading Vol. ($ mn)/w* | 7.2 | # of Traded Comp. | 50 |
| Traded Shares (mn)/w* | 8,283 | # of Companies (Up) | 22 |
| Total Trades (#/w)* | 3,536 | # of Companies (Down) | 16 |
| ISX Mcap (IQD bn) | 22,235 | # of Companies (Not changed) | 12 |
| ISX Mcap ($ mn) | 16,845 | # of Comp. Suspended from Trading (GA) | 6 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Gulf Ins. & Reins. | NGIR | 0.710 | 9.2% | 18.3% |
| AL-Nukhba for Construction | SNUC | 0.750 | 7.1% | 0.0% |
| Iraqi Date Processing & Marketing | IIDP | 3.000 | 5.3% | -9.1% |
| Ashour Hotel (NRM) | HASH | 25.000 | 4.2% | -3.8% |
| National Comp. for Met. Ind. M.&B. | IMIB | 2.000 | 2.6% | -16.7% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Agricultural Products | AIRP | 13.600 | -15.0% | -18.8% |
| Iraqi Middle East Investment Bank | BIME | 0.070 | -12.5% | -12.5% |
| Iraqi for Carton Man. | IICM | 1.500 | -5.7% | -18.0% |
| Nat. Chem. & Plastic Ind. (UCM) | INCP | 2.030 | -4.7% | -12.5% |
| Al-Ameen Estate Inv. (NRM) | SAEI | 2.220 | -3.9% | -8.6% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al-Mansour Bank | BMNS | 4,054.8 | 3,071.8 | 42.6% |
| Bank of Baghdad | BBOB | 1,266.5 | 959.5 | 13.3% |
| National Bank of Iraq | BNOI | 888.0 | 672.7 | 9.3% |
| Commercial Islamic Bank of Iraq | BCOI | 364.5 | 276.1 | 3.8% |
| Asiacell Communications PJSC | TASC | 354.1 | 268.3 | 3.7% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 2,231 | 7,947.0 | 6,020.4 | 83.5% | |
| Industry | 538 | 536.9 | 406.8 | 5.6% | |
| Agriculture | 231 | 450.8 | 341.5 | 4.7% | |
| Telecom | 207 | 355.2 | 269.1 | 3.7% | |
| Services | 278 | 192.5 | 145.8 | 2.0% | |
| Hotels&Tourism | 29 | 35.4 | 26.8 | 0.4% | |
| Insurance | 3 | 0.1 | 0.1 | 0.0% | |
| Investment | 0 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 3,517 | 9,517.8 | 7,210.5 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange News
- A cross transaction occurred on 1.3 bn shares of Al-Mansour Bank (BMNS) on Feb. 17, valued at IQD3.0 bn and corresponding to 0.4% of BMNS's capital.
- The International Development Bank (BIDB) announced that the bank's first digital branch will soon be launched in the capital, Baghdad. (NINA)
Stocks that resumed / will resume trading:
- Elaf Islamic Bank (BELF) resumed trading on Feb. 19 after holding its AGM on Feb. 6 in which they discussed and approved 2023 annual financial statements.
- New shares of Iraq Baghdad for General Transport (SBPT) from the capital increase to IQD3.0 bn through a 130.769% bonus issue resumed trading on Feb. 19.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Iraqi for Seed Production (AISP) starting Feb. 18 due to the AGM that will be held on Feb. 23. The meeting will discuss and approve various matters, including increasing production and storage capacity, importing factories, the sovereign loan, and adding the activity of importing fodder yellow corn and chemical fertilizers. Additionally, the agenda includes distributing the remaining dividend for the fiscal year ending March 31, 2021, establishing a commercial department, and activating the open investment portfolio. Other topics include offering the Abu Ghraib site area for investment after emptying it to complete deficiencies at the Nay site in Diyala Governorate and support the governorate's development. The AGM will also address investing in or renting the refrigerated potato warehouse site in Abu Ghraib and the lease contract for Al-Latifiya Farm.
- ISX suspended trading of Iraqi Agricultural Products Marketing Meat (AIPM) starting Feb. 18 due to the AGM that will be held on Feb. 22 to discuss and approve 2023 annual financial statements, dividend distribution, and electing four original and four alternative board members.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 14 February 2025 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 13th February 2025.
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 | 2,250.5 | 0.2% | 0.05% |
| RSISX USD Index | 2,212.9 | 0.2% | 0.05% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 17,548.2 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 8 |
| Trading Vol. ($ mn)/w* | 13.3 | # of Traded Comp. | 58 |
| Traded Shares (mn)/w* | 20,482 | # of Companies (Up) | 15 |
| Total Trades (#/w)* | 3,456 | # of Companies (Down) | 19 |
| ISX Mcap (IQD bn) | 22,362 | # of Companies (Not changed) | 24 |
| ISX Mcap ($ mn) | 16,941 | # of Comp. Suspended from Trading (GA) | 5 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al-Ameen for Insurance | NAME | 0.860 | 14.7% | 14.7% |
| Modern Sewing | IMOS | 9.740 | 14.6% | 7.0% |
| Iraqi Middle East Investment Bank | BIME | 0.080 | 14.3% | 0.0% |
| Gulf Commercial Bank | BGUC | 0.490 | 14.0% | -5.8% |
| Asiacell Communications PJSC | TASC | 12.050 | 7.6% | -0.4% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Gulf Ins. & Reins. | NGIR | 0.650 | -7.1% | 8.3% |
| Investment Bank of Iraq | BIBI | 0.270 | -3.6% | -18.2% |
| Economy Bank | BEFI | 0.300 | -3.2% | -6.3% |
| Bank of Baghdad | BBOB | 4.170 | -2.6% | -1.7% |
| Baghdad Passengers Transport | SBPT | 29.750 | -2.5% | -22.7% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Trust Inter. Islamic Bank (NRM) | BTRU | 9,000.0 | 6,818.2 | 51.6% |
| Bank of Baghdad | BBOB | 1,567.3 | 1,187.4 | 9.0% |
| Asiacell Communications PJSC | TASC | 1,291.7 | 978.6 | 7.4% |
| Iraq Noor Islamic Bank (NRM) | BINI | 1,215.5 | 920.8 | 7.0% |
| Gulf Commercial Bank | BGUC | 958.7 | 726.3 | 5.5% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 1,840 | 14,626.3 | 11,080.5 | 83.9% | |
| Telecom | 401 | 1,292.7 | 979.3 | 7.4% | |
| Industry | 508 | 673.2 | 510.0 | 3.9% | |
| Agriculture | 361 | 654.6 | 495.9 | 3.8% | |
| Services | 185 | 168.0 | 127.3 | 1.0% | |
| Hotels&Tourism | 27 | 25.3 | 19.2 | 0.1% | |
| Insurance | 11 | 1.2 | 0.9 | 0.0% | |
| Investment | 4 | 0.7 | 0.5 | 0.0% | |
| Grand Total | 3,337 | 17,442.0 | 13,213.6 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange
- On Thursday, the Iraqi Securities Commission (ISC) confirmed that the Egyptian MoU is an important step to enhance transparency and stability in the financial markets, while indicating that it will last for a period of 5 years and can be automatically extended. (INA)
- A cross transaction occurred on 12.0 bn shares of Trust International Islamic Bank (BTRU) on Feb. 9, valued at IQD9.0 bn and corresponding to 4.8% of BTRU's capital.
- A cross transaction occurred on 1.4 bn shares of Iraq Noor Islamic Bank (BINI) on Feb. 9, valued at IQD1.2 bn and corresponding to 0.6% of BINI's capital.
- Subscription to 40.0% rights issue of Ameen Al-Iraq Islamic Bank (BAME) to reach IQD353.0 bn paid-in capital through 40% Rights issue and 1.2% Bonus issue has ended on Feb. 5. It was announced that there was no subscription for the 100.0 bn shares.
- Iraq Baghdad for General Transport (SBPT) invited its shareholders to receive their cash dividends for the fiscal year 2023 and previous years at the company's HQ. The company decided in its recent AGM (Dec. 19, 2024) to distribute IQD0.6 cash dividend per share, corresponding to a 1.0% dividend yield.
- The procedures for listing Hammurabi Commercial Bank (BHAM) on the OTC platform with its capital of IQD201.0 bn have been completed based on the instructions of the Securities Commission. The process of creating share certificates for the company's shareholders began on Feb. 13. Trading will be launched after depositing 5% of the capital, or after 21 days from the depositing start date.
- The AGM of Al-Zawraa for Financial Investment (VZAF) has been postponed to Feb. 19 due to a lack of quorum.
- National Food Industries (INFF) will hold its AGM on Feb. 20 to discuss and approve 2022 & 2023 financial statements and listen to the procedures that were followed pursuant to the approval for the company's return to trading on the ISX. The company was delisted from ISX on Aug. 21, 2010.
- Rajih Islamic Bank for Investment (BRAJ) will hold its AGM on Mar. 2 to discuss and approve the decision to reverse the general assembly's decision in paragraph seven and to address the accumulated deficit again. The company had already been suspended from trading by the ISC starting Sep. 19, 2021.
Stocks that resumed / will resume trading:
- Asiacell (TASC) resumed trading on Feb. 11 after holding its AGM on Feb. 8 in which they discussed and approved electing two original and nine alternative board members.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Al-Mansour Bank (BMNS) starting Feb. 23 due to the AGM that will be held on Feb. 26 to discuss and approve 2024 annual financial statements, dividend distribution, increasing the paid-in capital from IQD351.0 bn to IQD400.0 bn through a 13.96% bonus issue, and electing nine original and nine alternative board members.
- ISX suspended trading of Kurdistan International Islamic Bank (BKUI) starting Feb. 11 due to the AGM that will be held on Feb. 15 to discuss and approve 2023 annual financial statements, dividend distribution, and electing one original and seven alternative board members.
- ISX suspended trading of Al- Batek Financial Investment (VBAT) starting Feb. 13 due to the AGM that will be held on Feb. 18 to discuss and approve 2014 until 2023 annual financial statements and electing five original and five alternative board members.
- ISX will suspend trading of Iraqi Agricultural Products Marketing Meat (AIPM) starting Feb. 18 due to the AGM that will be held on Feb. 22 to discuss and approve 2023 annual financial statements, dividend distribution, and electing four original and four alternative board members.
- ISX will suspend trading of Iraqi Agricultural Products (AIRP) starting Feb. 24 due to the AGM that will be held on Feb. 27 to discuss and approve the sale of the company's property in Baghdad and withdrawing a loan from approved banks in Iraq to restart the suspended projects.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 07 February 2025 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 6th February 2025.
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 | 2,246.7 | 1.3% | -0.1% |
| RSISX USD Index | 2,209.1 | 1.3% | -0.1% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 9,159.5 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 8 |
| Trading Vol. ($ mn)/w* | 6.9 | # of Traded Comp. | 60 |
| Traded Shares (mn)/w* | 3,983 | # of Companies (Up) | 24 |
| Total Trades (#/w)* | 3,044 | # of Companies (Down) | 17 |
| ISX Mcap (IQD bn) | 22,112 | # of Companies (Not changed) | 19 |
| ISX Mcap ($ mn) | 16,751 | # of Comp. Suspended from Trading (GA) | 4 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Gulf Commercial Bank | BGUC | 0.430 | 4.9% | -17.3% |
| Trans Iraq Bank for Invest. (NRM) | BTRI | 0.960 | 4.3% | 4.3% |
| Iraq Noor Islamic Bank (NRM) | BINI | 0.850 | 3.7% | 21.4% |
| Economy Bank | BEFI | 0.310 | 3.3% | -3.1% |
| Al-Mansour Bank | BMNS | 2.190 | 2.8% | 10.6% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraqi Middle East Investment Bank | BIME | 0.070 | -12.5% | -12.5% |
| AL-Kindi of Veterinary Vac. | IKLV | 2.810 | -12.2% | -9.1% |
| Mamoura Real-estate Inv. | SMRI | 5.060 | -7.2% | -25.0% |
| Rehab Karbala Company | HKAR | 0.750 | -6.3% | 0.0% |
| Mosul Bank | BMFI | 0.160 | -5.9% | -5.9% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Bank of Baghdad | BBOB | 4,737.4 | 3,589.0 | 51.9% |
| Al-Mansour Bank | BMNS | 1,823.0 | 1,381.1 | 20.0% |
| Iraqi for Seed Production | AISP | 701.5 | 531.4 | 7.7% |
| Baghdad Soft Drinks | IBSD | 351.0 | 265.9 | 3.8% |
| National Bank of Iraq | BNOI | 303.0 | 229.5 | 3.3% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 1,649 | 7,524.6 | 5,700.4 | 82.4% | |
| Agriculture | 418 | 816.1 | 618.2 | 8.9% | |
| Industry | 558 | 510.9 | 387.0 | 5.6% | |
| Services | 258 | 120.6 | 91.3 | 1.3% | |
| Hotels&Tourism | 66 | 100.8 | 76.4 | 1.1% | |
| Telecom | 48 | 53.2 | 40.3 | 0.6% | |
| Insurance | 3 | 0.8 | 0.6 | 0.0% | |
| Investment | 6 | 0.4 | 0.3 | 0.0% | |
| Grand Total | 3,006 | 9,127.3 | 6,914.6 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange
- On Wednesday, Ministry of Finance announced the launch of national bonds (first issuance) for public subscription, with a total value of IQD2 trln, for the period from February 10 to March 10, 2025. The ministry stated in a statement that its launch of these bonds comes "as part of its plan to enhance local investment and provide savings tools for citizens and investors." According to the statement, the bonds are divided into two categories: ️The first bond is worth 500,000 dinars with an annual interest of 6%, and matures after two years, with interest paid every six months. The second bond is worth 1,000,000 dinars with an annual interest of 7.5%, and matures after four years, with interest paid every six months. (Shafaq News)
- A cross transaction occurred on 900.0 mn shares of Bank of Baghdad (BBOB) on Feb. 5, valued at IQD3.9 bn and corresponding to 0.2% of BBOB's capital.
- On Friday, the Iraqi Securities Commision (ISC) explained the importance of the MoU with the Abu Dhabi Stock Exchange last Monday, and while indicating the imminent launch of the Environmental and Social Governance Guide, it confirmed the development of a plan to provide facilities during the opening of accounts for investors. (INA)
- According to the ISC decision on Jan. 14, 2025, the ISX transferred Al-HiLal Industries (IHLI) from the Undisclosed Companies Market (UCM) to the Regular Market (RM) starting Feb. 2, 2025.
- The ISC has approved the request of Al-Mosul for Funfairs (SMOF) to have a one-month extension period to add the new shares from the capital increase through a 10.0% bonus issue to IQD1.815 bn starting from Jan. 28, 2025.
- Iraq Baghdad for General Transport (SBPT) has completed the legal procedures for the capital increase through a 130.769% bonus issue to IQD3.0 bn.
Stocks that resumed / will resume trading:
- AL- Kindi of Veterinary Vaccines Drugs (IKLV) resumed trading on Feb. 4 after holding its postponed AGM on Jan. 30 in which they discussed and approved 2023 annual financial statements.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Elaf Islamic Bank (BELF) starting Feb. 3 due to the AGM that will be held on Feb. 6 to discuss and approve 2023 annual financial statements and dividend distribution.
- ISX suspended trading of Asiacell (TASC) starting Feb. 4 due to the AGM that will be held on Feb. 8 to discuss and approve electing two original and nine alternative board members.
- ISX will suspend trading of Kurdistan International Islamic Bank (BKUI) starting Feb. 11 due to the AGM that will be held on Feb. 15 to discuss and approve 2023 annual financial statements, dividend distribution, and electing one original and seven alternative board members.
- ISX will suspend trading of Iraqi for Seed Production (AISP) starting Feb. 18 due to the AGM that will be held on Feb. 23. The meeting will discuss and approve various matters, including increasing production and storage capacity, importing factories, the sovereign loan, and adding the activity of importing fodder yellow corn and chemical fertilizers. Additionally, the agenda includes distributing the remaining dividend for the fiscal year ending March 31, 2021, establishing a commercial department, and activating the open investment portfolio. Other topics include offering the Abu Ghraib site area for investment after emptying it to complete deficiencies at the Nay site in Diyala Governorate and support the governorate's development. The AGM will also address investing in or renting the refrigerated potato warehouse site in Abu Ghraib and the lease contract for Al-Latifiya Farm.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 31 January 2025 .
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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 30th January 2025.
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 | 2,217.8 | -1.0% | -1.4% |
| RSISX USD Index | 2,180.7 | -1.0% | -1.4% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/w* | 3,910.3 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 8 |
| Trading Vol. ($ mn)/w* | 3.0 | # of Traded Comp. | 61 |
| Traded Shares (mn)/w* | 1,912 | # of Companies (Up) | 32 |
| Total Trades (#/w)* | 2,577 | # of Companies (Down) | 10 |
| ISX Mcap (IQD bn) | 22,077 | # of Companies (Not changed) | 19 |
| ISX Mcap ($ mn) | 16,725 | # of Comp. Suspended from Trading (GA) | 3 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Iraq Noor Islamic Bank (NRM) | BINI | 0.820 | 9.3% | 17.1% |
| Iraqi Islamic Bank | BIIB | 1.470 | 5.0% | 0.7% |
| Baghdad for Packing Mat. (NRM) | IBPM | 3.000 | 3.4% | 3.4% |
| Iraqi Engineering Works | IIEW | 8.500 | 3.0% | -5.6% |
| Al-Hilal Industries (UCM) | IHLI | 2.150 | 2.4% | 4.9% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Al -Khazer for Construction M. | IKHC | 2.200 | -10.2% | 0.0% |
| Sumer Commercial Bank | BSUC | 0.090 | -10.0% | -10.0% |
| Al Taif Islamic Bank | BTIB | 0.920 | -8.0% | -8.0% |
| Al-Sadeer Hotel | HSAD | 25.000 | -7.4% | -7.4% |
| Rehab Karbala Company | HKAR | 0.800 | -5.9% | 6.7% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Al-Mansour Bank | BMNS | 1,138.0 | 862.1 | 29.3% |
| Bank of Baghdad | BBOB | 536.6 | 406.5 | 13.8% |
| Baghdad Soft Drinks | IBSD | 353.9 | 268.1 | 9.1% |
| Asiacell Communications PJSC | TASC | 308.9 | 234.0 | 7.9% |
| Iraqi for Seed Production | AISP | 253.3 | 191.9 | 6.5% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 1,184 | 2,259.8 | 1,712.0 | 58.1% | |
| Industry | 516 | 606.8 | 459.7 | 15.6% | |
| Agriculture | 225 | 428.6 | 324.7 | 11.0% | |
| Telecom | 211 | 309.3 | 234.3 | 8.0% | |
| Services | 277 | 151.9 | 115.1 | 3.9% | |
| Hotels&Tourism | 75 | 128.6 | 97.5 | 3.3% | |
| Insurance | 10 | 3.0 | 2.3 | 0.1% | |
| Investment | 3 | 0.1 | 0.1 | 0.0% | |
| Grand Total | 2,501 | 3,888.2 | 2,945.6 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange
- On Monday, PM Al-Sudani sponsored the signing ceremony of a MoU between the Iraqi Securities Commission and the Abu Dhabi Market. The MoU includes aspects of cooperation in several areas, the most important of which is strengthening and developing oversight processes over daily trading in the market and over brokerage companies, cooperation in the field of conditions and mechanisms for dual listing, and developing and using technological applications and mechanisms for subscriptions and initial listings, as well as in the field of cases of stopping trading in stocks, the timing of resumption of trading, and the requirements for licensing REIT funds. (INA)
- Under the patronage of PM Mohammed S. Al-Sudani, the Iraqi Securities Commission (ISC) signed an MoU with the Egyptian Financial Supervision Authority, within the framework of enhancing joint cooperation between Iraq and Egypt in the field of regulation and supervision of financial markets. This memorandum aims to exchange experiences and information between the two sides, and to strengthen the regulatory frameworks for the financial markets in both countries, thus contributing to achieving the highest levels of transparency and efficiency in accordance with international best practices.
- The Washington DC-based Institute for Financial Integrity (IFI) has announced the launch of the Financial Integrity and Cross-Border Payments Training Program for the National Bank of Iraq (BNOI), developed in partnership with the Central Bank of Iraq (CBI) and K2 Integrity. According to a press release from IFI, this groundbreaking initiative aims to enhance the integrity of the Iraqi financial system by ensuring cross-border payments originating from Iraq adhere to legal requirements, regulatory expectations, and global standards. (Iraqi Business News)
- The AGM of AL- Kindi of Veterinary Vaccines (IKLV) has been postponed to Jan. 30 due to a lack of quorum.
Stocks that resumed / will resume trading:
- Al-Khatem Telecoms (TZNI) resumed trading on Jan. 29 after holding its AGM on Jan. 20 in which they discussed and approved 2022 & 2023 annual financial statements, decided to distribute IQD0.1397 cash dividend per share, corresponding to a 5.7% dividend yield, and electing seven original and seven alternative board members.
- Al-Qabedh Islamic Bank (BQAB) resumed trading on Jan. 29 after holding its AGM on Jan. 22 in which they discussed and approved 2023 annual financial statements.
- New shares of Economy Bank (BEFI) from the capital increase to IQD260.9 bn through a 4.4% bonus issue resumed trading on Jan. 29.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of Al- Batek Financial Investment (VBAT) starting Feb. 13 due to the AGM that will be held on Feb. 18 to discuss and approve 2014 until 2023 annual financial statements and electing five original and five alternative board members.
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Posted in Investment Comments Off on Iraq Stock Market Report
Iraq Stock Market Report
Posted on 24 January 2025 .
dvertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 23rd January 2025).
Note: ISX will be closed on Jan. 26, 2025 (Sunday) due to a religious holiday. The next trading session will be held on Jan. 27, 2025 (Monday).
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 | 2,241.0 | -1.1% | -0.4% |
| RSISX USD Index | 2,203.5 | -1.1% | -0.4% |
| ISX Market Summary of This Week | |||
| Trading Vol. (IQD mn)/d* | 12,706.8 | # of Comp. Listed on the ISX /
# of Comp. on the OTC Market |
104
/ 8 |
| Trading Vol. ($ mn)/d* | 9.6 | # of Traded Comp. | 57 |
| Traded Shares (mn)/d* | 13,868 | # of Companies (Up) | 28 |
| Total Trades (#/d)* | 3,065 | # of Companies (Down) | 10 |
| ISX Mcap (IQD bn) | 22,508 | # of Companies (Not changed) | 19 |
| ISX Mcap ($ mn) | 17,051 | # of Comp. Suspended from Trading (GA) | 5 |
| Market FX Rate**/ CBI Auction Price (IQD/$)*** |
1320
/ 1310 |
# of Comp. Suspended from Trading (ISC) | 7 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
| Top 5 Gainers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Elaf Islamic Bank | BELF | 0.550 | 19.6% | 19.6% |
| Sumer Commercial Bank | BSUC | 0.100 | 11.1% | 0.0% |
| Modern Sewing | IMOS | 9.100 | 7.7% | 0.0% |
| Iraq Noor Islamic Bank (NRM) | BINI | 0.750 | 7.1% | 7.1% |
| National Comp. for Met. Ind. M.&B. | IMIB | 1.900 | 5.6% | -20.8% |
| Top 5 Losers - Weekly | ||||
| Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
| Investment Bank of Iraq | BIBI | 0.300 | -9.1% | -9.1% |
| Mamoura Real-estate Inv. | SMRI | 5.600 | -8.3% | -17.0% |
| Gulf Commercial Bank | BGUC | 0.410 | -6.8% | -21.2% |
| Gulf Ins. & Reins. | NGIR | 0.700 | -6.7% | 16.7% |
| Babylon Hotel | HBAY | 100.000 | -6.5% | -7.4% |
| Top 5 Active by Weekly Trading Volume | ||||
| Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($'000)/d | Share in Total Trad. Vol.(%) |
| Kurdistan Int. Islamic Bank | BKUI | 5,946.8 | 4,505.1 | 47.0% |
| Trust Inter. Islamic Bank (NRM) | BTRU | 2,065.1 | 1,564.5 | 16.3% |
| Al-Mansour Bank | BMNS | 671.3 | 508.5 | 5.3% |
| National Bank of Iraq | BNOI | 617.3 | 467.6 | 4.9% |
| Asiacell Communications PJSC | TASC | 519.9 | 393.8 | 4.1% |
| Distribution of No. of Weekly Trades and Trading Vol. by Sectors(1) | |||||
| Sector | No.of Trades/w | Trading Vol. (IQD mn)/w | Trading Vol. ('000 $)/w | Share in Total Trading Vol. (%) | |
| Banking | 1,521 | 11,080.6 | 8,394.4 | 87.6% | |
| Industry | 641 | 611.1 | 463.0 | 4.8% | |
| Telecom | 313 | 519.9 | 393.8 | 4.1% | |
| Services | 240 | 208.7 | 158.1 | 1.6% | |
| Agriculture | 171 | 129.5 | 98.1 | 1.0% | |
| Hotels&Tourism | 41 | 98.0 | 74.2 | 0.8% | |
| Insurance | 19 | 2.4 | 1.9 | 0.0% | |
| Investment | 0 | 0.0 | 0.0 | 0.0% | |
| Grand Total | 2,946 | 12,650.3 | 9,583.5 | 100.0% | |
(1) Excluding OTC market
Iraq Stock Exchange
- The head of the Securities Commission, Faisal Al-Haimus, announced on Thursday that the Commission was able to increase the business of the Iraqi Stock Exchange by about 16%, pointing to cooperation with the World Bank on governance. (INA)
- A cross transaction occurred on 6.6 bn shares of Kurdistan International Islamic Bank (BKUI) on Jan. 22, valued at IQD5.9 bn and corresponding to 1.7% of BKUI's capital.
- A cross transaction occurred on 2.8 bn shares of Trust International Islamic Bank (BTRU) on Jan. 22, valued at IQD2.1 bn and corresponding to 1.1% of BTRU's capital.
- Al Taif Islamic Bank (BTIB) invited its shareholders to subscribe to 50.0 bn shares starting Jan. 19 from the capital increase to IQD300.0 bn through a 20.0% rights issue. The subscription period is no less than 30 days and no more than 60 days.
- According to the ISC decision on Jan. 14, 2025, the ISX will transfer Al-HiLal Industries (IHLI) from the Undisclosed Companies Market (UCM) to the Regular Market (RM) starting Feb. 2, 2025.
- Al-Zawraa for Financial Investment (VZAF) will hold its AGM on Feb. 12 to discuss and approve the liquidation of the company and appointing liquidator for it. The company had already been suspended from trading by ISX due to its failure to meet the requirements for maintaining a license.
- ISX suspended trading of Ishtar Gate For e-Payment Systems and Services (FISH) (OTC) starting Jan. 20 due to the AGM that will be held on Jan. 21 to discuss and approve 2023 annual financial statements. The company resumed trading on Jan. 22.
Stocks that resumed / will resume trading:
- Original shares of Investment Bank of Iraq (BIBI) resumed trading on Jan. 22 after holding its AGM on Jan. 17 in which they discussed and approved increasing the paid-in capital from IQD257.1 bn to IQD288.0 bn through an 11.998% bonus issue.
Stocks that were suspended / will be suspended from trading:
- ISX suspended trading of Al-Qabedh Islamic Bank (BQAB) starting Jan. 19 due to the AGM that will be held on Jan. 22 to discuss and approve 2023 annual financial statements.
- ISX suspended trading of AL- Kindi of Veterinary Vaccines Drugs (IKLV) starting Jan. 20 due to the AGM that will be held on Jan. 23 to discuss and approve 2023 annual financial statements and dividend distribution.
- ISX suspended trading of United Bank (BUND) starting Jan. 21 due to the AGM that will be held on Jan. 26 to discuss and approve 2022 & 2023 annual financial statements, dividend distribution, increasing the paid-in capital from IQD300.0 bn to IQD400.0 bn through a 33.3% rights issue, and electing seven original and seven alternative board members.
- ISX will suspend trading of Elaf Islamic Bank (BELF) starting Feb. 3 due to the AGM that will be held on Feb. 6 to discuss and approve 2023 annual financial statements and dividend distribution.
- ISX will suspend trading of Asiacell (TASC) starting Feb. 4 due to the AGM that will be held on Feb. 8 to discuss and approve electing two original and nine alternative board members.
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