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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 16th January 2025).

Please click here to view a table of listed companies and their associated ticker codes.

* 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

(1) Excluding OTC market

Iraq Stock Exchange

• On Tuesday, the Chairman of the Iraqi Securities Commission (ISC), Faisal Al-Haimus, stressed the necessity of passing the ISC draft Law, while pointing out that the law includes important provisions with key points including alignment with current regulations, facilitating investor access to the market, transforming the stock market into a joint-stock company, and listing it on the exchange. (INA)
• A cross transaction occurred on 3.1 bn shares of Al Mustashar Islamic Bank (BMUI) on Jan. 12, valued at IQD3.1 bn and corresponding to 1.2% of BMUI's capital.
• ISX suspended trading of the second issuance of Enjaz bonds starting on Jan. 15, 2025, due to distributing semi-annual coupon payments.

Stocks that resumed / will resume trading:

• Original shares of Gulf Commercial Bank (BGUC) resumed trading on Jan. 12 after holding its AGM on Jan. 7 in which they discussed and approved 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.
• New shares of AL-Wiaam for Financial Investment (VWIF) from the capital increase through a 150% rights issue to IQD5.0 bn resumed trading on Jan. 14.
• Al Ansari Islamic Bank (BANS) resumed trading on Jan. 16 after holding its AGM on Jan. 9 in which they discussed and approved 2023 annual financial statements.
• Iraqi Carton Manufacturies (IICM) resumed trading on Jan. 16 after holding its AGM on Jan. 5 in which they discussed and approved 2017, 2018, 2019, and 2020 annual financial statements, holding another AGM to increase the capital, and electing four original and three alternative board members.
• Ashour Hotel (HASH) resumed trading on Jan. 16, 2025, after holding its postponed AGM on Dec. 27, 2024, in which they discussed and approved 2023 annual financial statements and electing five original and four alternative board members.

Stocks that were suspended / will be suspended from trading:

• ISX suspended trading of Investment Bank of Iraq (BIBI) starting Jan. 14 due to the AGM that will be held on Jan. 17 to discuss and approve increasing the paid-in capital from IQD257.1 bn to IQD288.0 bn through an 11.998% bonus issue.
• ISX suspended trading of Al-Khatem Telecoms (TZNI) starting Jan. 15 due to the AGM that will be held on Jan. 20 to discuss and approve 2022 & 2023 annual financial statements, dividend distribution, and electing seven original and seven alternative board members.

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By John Lee.

The Iraqi Council of Ministers (Cabinet) has approved a framework to legalise ownership of municipal land occupied by informal settlers (squatters) before December 10, 2024.

The decision includes specific terms to ensure fair and regulated sales under Law No. 21 of 2013.

Key provisions:

1. Land Sales: Municipal authorities in Baghdad and other provinces can sell officially subdivided land to settlers who built permanent housing on it, bypassing public auctions.
2. Eligibility Criteria:
   • Land must lie within master plan boundaries.
   • Structures must be permanent.
   • Sales are limited to the current occupant or their dependents.
   • Applicants must file a request within 180 working days of new regulations.
   • Buyers must declare they or their dependents do not own other residential property.
   • Sale prices are determined by a valuation committee, bypassing auctions.
3. Restrictions:
   • Only one property per applicant can be sold.
   • Kirkuk is excluded from the decision.
4. Enforcement: Committees in Baghdad and provinces will remove encroachments on municipal land following this decision.

(Source: PMO)

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th January 2025).

Please click here to view a table of listed companies and their associated ticker codes.

* 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

(1) Excluding OTC market

Iraq Stock Exchange

• ISX approved the listing of the third issuance of the Enjaz bonds.
• 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.

Stocks that resumed / will resume trading:

• Modern Chemical Industries (IMCI) resumed trading on Jan. 7, 2025, after holding its AGM on Dec. 15, 2024, in which they discussed and approved 2023 annual financial statements.
• Middle East Producing & Marketing - Fish (AMEF) resumed trading on Jan. 7, 2025, after holding its AGM on Dec. 9, 2024, in which they discussed and approved the ending Mar. 31, 2024, annual financial statements.
• Original shares of Gulf Commercial Bank (BGUC) will resume trading on Jan. 12 after holding its AGM on Jan. 7 in which they discussed and approved 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. The opening price will be IQD0.520 per share with a +/-50% price change limit.

Stocks that were suspended / will be suspended from trading:

• ISX will suspend trading of Investment Bank of Iraq (BIBI) starting Jan. 14, 2025, due to the AGM that will be held on Jan. 17, 2025, to discuss and approve increasing the paid-in capital from IQD257.1 bn to IQD288.0 bn through a 11.998% bonus issue.
• ISX will suspend trading of Al-Qabedh Islamic Bank (BQAB) starting Jan. 19, 2025, due to the AGM that will be held on Jan. 22, 2025, to discuss and approve 2023 annual financial statements.

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Rabee Securities has published its 2024 Annual Bulletin for the Iraq Stock Exchange (ISX).

Click here to download the full report.

* 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

NRM: Non-Regular Market.
UCM: Undisclosed Companies' Market

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 2nd January 2025).

Note: ISX will be closed until January 6, 2025, due to the end-of-year closing operations. The first trading session of 2025 will be on January 7.

Please click here to view a table of listed companies and their associated ticker codes.

* 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

(1) Excluding OTC market

Iraq Stock Exchange

• The ISX announced on Jan. 2, 2025, that, according to a letter from the Federal Board of Financial Supervision (dated Nov. 5, 2024), regarding the implementation of international standards in Iraq, the experimental implementation of the unified accounting system is set to begin in the first months of 2025. In the second half of 2025, they will evaluate the experience and identify any challenges or issues related to the transition to accounting and financial reporting standards in annual reports. The implementation of the international unified accounting system for the years 2021, 2022, 2023, and 2024 will remain optional if those reports have not yet been issued. Implementation of unified accounting system shall be effective from the beginning of the year 2026 for all state institutions.
• Arab Bank Group received the final approval from the Iraqi Central Bank on December 24, 2024, to relaunch its banking operations in Iraq. The bank is set to begin its official activities in the new year. (IraqiNews)
• On Thursday, the International Development Bank (BIDB) announced the introduction of an electronic payment mechanism for entertainment services. (INA)
• On Sunday, the International Development Bank (BIDB) announced the opening of the bank's 31st branch in the Al-A'amiriya area in Baghdad. (NINA)

Stocks that resumed / will resume trading:

• Erbil Bank for Investment & Finance (BERI) resumed trading on Dec. 30 after holding its AGM on Nov. 29 in which they discussed and approved 2023 annual financial statements and electing seven original and seven alternative board members.
• Modern Chemical Industries (IMCI) will resume trading on Jan. 7, 2025, after holding its AGM on Dec. 15, 2024, in which they discussed and approved 2023 annual financial statements.
• Middle East Producing & Marketing - Fish (AMEF) will resume trading on Jan. 7, 2025, after holding its AGM on Dec. 9, 2024, in which they discussed and approved the ending Mar. 31, 2024, annual financial statements.

Stocks that were suspended / will be suspended from trading:

• ISX suspended trading of Al Ansari Islamic Bank (BANS) starting Dec. 30, 2024, due to the AGM that will be held on Jan. 9, 2025, to discuss and approve 2023 annual financial statements. (Note: ISX adjusted the suspension from the trading date from Jan. 5, 2025, to Dec. 30, 2024.)
• ISX will suspend trading of AL- Kindi of Veterinary Vaccines Drugs (IKLV) starting Jan. 20, 2025, due to the AGM that will be held on Jan. 23, 2025, to discuss and approve 2023 annual financial statements and dividend distribution.

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 26th December 2024).

Please click here to view a table of listed companies and their associated ticker codes.

Note: ISX will be closed from December 31, 2024 until January 6, 2025 due to the end-of-year closing operations. The last trading session of 2024 will be on December 30, and the first trading session of 2025 will be on January 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

(1) Excluding OTC market

Iraq Stock Exchange

• A cross transaction occurred on 1.8 bn shares of Trans Iraq Bank (BTRI) on Dec. 23, valued at IQD1.6 bn and corresponding to 0.7% of BTRI's capital.
• Mamoura Real-estate Investment (SMRI) disclosed that an investment license numbered (2024/464) has been obtained to establish the Al-Mamoura Towers residential project on the plot of land numbered (10/10/19) in the Al-Ghazaliya area, and the project will be started after the completion of the final designs and their approval.
• Cihan Bank (BCIH) invited its shareholders to subscribe to 24.0 bn shares starting Dec. 22 from the capital increase to IQD400.0 bn through a 6.8% rights issue. The subscription period is no less than 30 days and no more than 60 days.
• Regarding the capital increase decision of Economy Bank (BEFI) to reach IQD300.0 bn capital through a 15.6% rights issue and a 4.4% bonus issue, the subscription to the rights issue ended on Sep. 18. Due to the lack of 39.1 bn shares that were not subscribed to, the paid-in capital was able to reach IQD260.9 bn. BEFI has completed the legal procedures for the capital increase to IQD260.9 bn.
• Investment Bank of Iraq (BIBI) fulfilled ISX's request to explain why the prices touched the lower limit on Dec. 22 and Dec. 23. The company disclosed that there were no fundamental events or new matters that affected the price of the shares.
• Iraqi Agricultural Products (AIRP) announced the suspension of dividend distribution from Dec. 22, 2024 to Jan. 12, 2025.
• Iraqi For Tufted Carpets (IITC) announced the suspension of dividend distribution from Dec. 24, 2024 to Jan. 12, 2025.
• Iraqi Agricultural Products Marketing Meat (AIPM) announced the suspension of dividend distribution from Dec. 19, 2024 to Jan. 20, 2025.
• ISX suspended trading of the third issuance of Emaar bonds starting on Dec. 24, 2024, due to distributing semi-annual coupon payments.

Stocks that resumed / will resume trading:

• Investment Bank of Iraq (BIBI) resumed trading on Dec. 22 after holding its AGM on Dec. 7 in which they discussed and approved 2023 annual financial statements.
• Original shares of Iraq Baghdad for General Transport (SBPT) resumed trading on Dec. 24 after holding its AGM on Dec. 19 in which they discussed and approved 2023 annual financial statements, increasing the paid-in capital from IQD1.3 bn to IQD3.0 bn through a 130.769% bonus issue, and decided to distribute IQD0.6 cash dividend per share, corresponding to a %1.0 dividend yield.
• Baghdad for Packing Materials (IBPM) resumed trading on Dec. 24 after holding its AGM on Dec. 16 in which they discussed and approved 2023 annual financial statements.

Stocks that were suspended / will be suspended from trading:

• ISX suspended trading of Gulf Commercial Bank (BGUC) starting Dec. 26 due to the AGM that will be held on Jan. 7, 2025, to discuss and approve 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.
• ISX suspended trading of Iraqi Carton Manufacturies (IICM) starting Dec. 26, 2024, due to the AGM that will be held on Jan. 5, 2025, to discuss and approve 2017, 2018, 2019, and 2020 annual financial statements and electing four original and four alternative board members.
• ISX will suspend trading of United Bank (BUND) starting Jan. 21, 2025, due to the AGM that will be held on Jan. 26, 2025 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. (Note: ISX adjusted the suspension from the trading date from Dec. 26, 2024, to Jan. 21, 2025, following BUND's announcement of a change in the AGM date)

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 19th December 2024).

Please click here to view a table of listed companies and their associated ticker codes.

Note: ISX will be closed from December 31, 2024 until January 6, 2025 due to the end-of-year closing operations. The last trading session of 2024 will be on December 30, and the first trading session of 2025 will be on January 7.

Please click HERE for RS Weekly Bulletin.

* 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

(1) Excluding OTC market

Iraq Stock Exchange

• A cross transaction occurred on 14.5 bn shares of Commercial Islamic Bank of Iraq (BCOI) on Dec. 18, valued at IQD13.2 bn and corresponding to 5.0% of BCOI's capital. A cross transaction occurred on 5.0 bn shares of Trust International Islamic Bank (BTRU) on Dec. 17, valued at IQD3.8 bn and corresponding to 2.0% of BTRU's capital.
• During an official visit to Abu Dhabi, the Chairman of the Iraqi Securities Commission (ISC), Faisal Al-Haimus, met with the CEO of the Abu Dhabi Securities Exchange Group (ADX), Abdulla Salem Al Nuaimi, where ways to enhance cooperation between the ISX and ADX were discussed. Emphasis was placed on signing a joint cooperation agreement aimed at exchanging experiences and developing work mechanisms in the financial markets. (ISC)
• On Sunday, the ISC announced the signing of a joint memorandum of understanding with the Central Bank of Iraq (CBI) to enhance cooperation. Vice President of the ISC, Nagham Hussein Ismail, said, "The signing of the agreement came to enhance cooperation between the two parties, in the field of shareholder information, and to benefit from the electronic window of the shareholder system approved by the ISX." (NINA)
• Iraqi Islamic Bank (BIIB) announced that Safwa Islamic Bank (Jordan) has gained the approval of the Jordan Securities Commission (JSC) for purchasing 10% of the capital of BIIB after completing the necessary requirements, which is in line with the requirements of the CBI of increasing the paid-up capital to IQD400 bn. Safwa Islamic Bank will deposit 10% of the new paid-in capital in BIIB's account at the CBI.
• Gulf Commercial Bank (BGUC) fulfilled ISX's request to explain why the prices touched the higher limit on Dec. 15 and Dec. 16. The bank disclosed that the fundamental events or new matters that affected the price of the shares were related to the signing of the MoU between BGUC and the Arab Jordan Investment Bank, as the agreement supports regional cooperation and increases the area of strong connections with the Iraqi financial system, which will open new channels for the bank.
• Cihan Bank (BCIH) invited its shareholders to subscribe to 24.0 bn shares starting Dec. 22 from the capital increase to IQD400.0 bn through a 6.8% rights issue. The subscription period is no less than 30 days and no more than 60 days.
• Iraq Baghdad for General Transport (SBPT) invited its shareholders who did not receive their cash dividends for the fiscal years 1998 until 2022 to go to the company's HQ in order to receive them.

Stocks that resumed / will resume trading:

• Original shares of Al -Khazer for Construction Materials (IKHC) resumed trading on Dec. 15 after holding its AGM on Dec. 6 in which they discussed and approved 2023 annual financial statements, increasing the paid-in capital from IQD1.0 bn to IQD2.0 bn through %100 rights issue, and electing five original and five alternative board members.
• Original shares of Al-Mansour Pharmaceuticals Industries (IMAP) resumed trading on Dec. 16 after holding its AGM on Dec. 2 in which they discussed and approved 2023 annual financial statements and increasing the paid-in capital from IQD16.0 bn to IQD18.56 bn through 16.0% rights issue according to the Companies Law No. 21 of 1997/Article 55/Fourth. (The share price is set at IQD2.50 for the capital increase).
• International Islamic Bank (BINT) resumed trading on Dec. 18 after holding its AGM on Dec. 12 in which they discussed and approved 2023 annual financial statements.
• Original shares of Kharkh Tour Amusement City (SKTA) resumed trading on Dec. 18 after holding its AGM on Dec. 8 in which they discussed and approved 2023 annual financial statements and increasing the paid-in capital from IQD1.5 bn to IQD1.98 bn through %32.0 rights issue according to the Companies Law No. 21 of 1997/Article 55/Fourth. (The share price is set at IQD3.0 for the capital increase).
• Investment Bank of Iraq (BIBI) will resume trading on Dec. 22 after holding its AGM on Dec. 7 in which they discussed and approved 2023 annual financial statements.

Stocks that were suspended / will be suspended from trading:

• ISX suspended trading of Iraq Baghdad for General Transport (SBPT) starting Dec. 16 due to the AGM that will be held on Dec. 19 to discuss and approve 2023 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD1.3 bn to IQD2.0 bn through a 53.8% bonus issue.
• ISX suspended trading of Ashour Hotel (HASH) starting Dec. 17 due to the AGM that will be held on Dec. 20 to discuss and approve 2023 annual financial statements and electing five original and five alternative board members.
• ISX will suspend trading of United Bank (BUND) starting Dec. 26 due to the AGM that will be held on Dec. 31 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 Iraqi Carton Manufacturies (IICM) starting Dec. 26, 2024, due to the AGM that will be held on Jan. 5, 2025, to discuss and approve 2017, 2018, 2019, and 2020 annual financial statements and electing four original and four alternative board members.
• ISX will suspend trading of Al Ansari Islamic Bank (BANS) starting Dec. 30, 2024, due to the AGM that will be held on Jan. 9, 2025, to discuss and approve 2023 annual financial statements. (Note: ISX adjusted the suspension from trading date from Jan. 5, 2025 to Dec. 30, 2024)
• ISX will suspend trading of Al-Khatem Telecoms (TZNI) starting Jan. 15, 2025, due to the AGM that will be held on Jan. 20, 2025, to discuss and approve 2022 & 2023 annual financial statements, dividend distribution, and electing seven original and seven alternative board members.

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 12th December 2024).

Please click here to view a table of listed companies and their associated ticker codes.

* 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

(1) Excluding OTC market

Iraq Stock Exchange

• Jordan Securities Commission (JSC) announced that Safwa Islamic Bank (Jordan) has completed the necessary requirements and approvals for purchasing 10% of the capital of the Iraqi Islamic Bank for Investment and Development (BIIB), amounting to IQD40 bn at a nominal value of one Iraqi dinar per share, equivalent to approximately 21.8 mn Jordanian dinars. The agreement and related documents are in the final stages of completion and signing to implement the share purchase in the name of Safwa Islamic Bank. This step aligns with the bank's management strategy, which aims to strengthen its financial position and enhance external investments, contributing to a diversification of the bank's revenue sources.
• Dubai Land Department appointed the International Development Bank (BIDB) as the trustee of the real estate development guarantee account on Wednesday.  (INA)
• Iraqi Carton Manufacturies (IICM) fulfilled ISX's request to explain why the prices touched the lower limit on Dec. 2 and Dec. 4. The company disclosed that there were no fundamental events or new matters that affected the price of the shares other than setting a date for the AGM.
• Ameen Al-Iraq Islamic Bank (BAME) invited its shareholders to subscribe to 100.0 bn shares starting Dec. 8 regarding the capital increase through a 40.0% rights issue to reach IQD353.0 bn. The subscription period is no less than 30 days and no more than 60 days.
• ISX suspended trading of the second issuance of Binaa bonds starting on Dec. 9, 2024, due to distributing semi-annual coupon payments.

Stocks that resumed / will resume trading:

• Al Janoob Islamic Bank (BJAB) resumed trading on Dec. 8 after holding its AGM on Nov. 16 in which they discussed and approved electing seven original and four alternative board members.
• Ibdaa Al-Sharq Al-Awsat General Contract (SIBD) resumed trading on Dec. 12 after holding its AGM on Nov. 27 in which they discussed and approved 2023 annual financial statements.
• Original shares of Al -Khazer for Construction Materials (IKHC) will resume trading on Dec. 15 after holding its AGM on Dec. 6 in which they discussed and approved 2023 annual financial statements, increasing the paid-in capital from IQD1.0 bn to IQD2.0 bn through %100 rights issue, and electing five original and five alternative board members. The opening price will be IQD1.740 per share with a +/-50% price change limit.

Stocks that were suspended / will be suspended from trading:

• ISX suspended trading of International Islamic Bank (BINT) starting Dec. 8 due to the AGM that will be held on Dec. 12 to discuss and approve 2023 annual financial statements and dividend distribution.
• ISX suspended trading of Modern Chemical Industries (IMCI) starting Dec. 9 due to the AGM that will be held on Dec. 15 to discuss and approve 2023 annual financial statements.
• ISX suspended trading of Baghdad for Packing Materials (IBPM) starting Dec. 11 due to the AGM that will be held on Dec. 16 to discuss and approve 2023 annual financial statements.

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 5th December 2024).

Please click here to view a table of listed companies and their associated ticker codes.

Note: ISX will be closed on Dec. 10, 2024 (Tuesday) due to a public holiday (Victory Day). The next trading session will be held on Dec. 11, 2024 (Wednesday).

Please click HERE for RS Weekly Bulletin.

* 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

(1) Excluding OTC market

Iraq Stock Exchange

• Two cross transactions occurred on 7.5 bn shares of Iraq Noor Islamic Bank (BINI) on Dec. 2 and Dec. 4, valued at IQD5.0 bn and corresponding to 3.0% of BINI's capital.
• The second issuance of Enjaz bonds was launched for trading starting Dec. 3, 2024, 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.
• Baghdad Hotel (HBAG) invited its shareholders to receive their cash dividends for the fiscal year 2023, starting Dec. 4. The company decided in its recent AGM (Nov. 18) to distribute IQD0.5 cash dividend per share, corresponding to a 4.0% dividend yield.
• The International Development Bank (BIDB) announced on Saturday that it has started processing the salaries of Kurdistan Regional Government (KRG) employees under the "My Account" project, a government initiative aimed at modernizing banking and promoting economic development in the Region. (Bas News)
• Ahliya For Insurance (NAHF) decided to extend the subscription on 8.0 bn shares for another 60 days starting Dec. 1 due to the incomplete subscription of the full amount during the first 60 days.
• The procedures for listing Hammurabi Commercial Bank 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 Dec. 4. Trading will be launched after depositing 5% of the capital, or after 21 days from the depositing start date.
• Babil Animal & Vegetable Production (ABAP) fulfilled ISX's request to explain why the prices touched the higher limit on Nov. 17 and Nov. 19. The company disclosed that the fundamental events or new matters that affected the price of the shares were related to the company's announcement of dividend distribution (100%) and the company's ambitious plan for expansion & activities.
• ISX requested Iraqi Carton Manufacturies (IICM) to explain why the prices touched the lower limit on Dec. 2 and 4.

Stocks that resumed / will resume trading:

• Trust International Islamic Bank (BTRU) resumed trading on Dec. 1 after holding its AGM on Nov. 5 in which they discussed and approved 2023 annual financial statements and electing 7 original and 6 alternative board members.
• Al-Ahlyia for Agricultural Production (AAHP) resumed trading on Dec. 4 after holding its AGM on Nov. 25 in which they discussed and approved the ending year Mar. 31, 2024 financial statements.
• Electronic Industries (IELI) resumed trading on Dec. 4 after holding its AGM on Nov. 28 in which they discussed and approved 2017, 2018, 2019 annual financial statements and electing 4 original and 4 alternative board members.
• Al Janoob Islamic Bank (BJAB) will resume trading on Dec. 8 after holding its AGM on Nov. 16 in which they discussed and approved electing seven original and four alternative board members.

Stocks that were suspended / will be suspended from trading:

• ISX suspended trading of Investment Bank of Iraq (BIBI) starting Dec. 3 due to the AGM that will be held on Dec. 7 to discuss and approve 2023 annual financial statements and dividend distribution.
• ISX suspended trading of Kharkh Tour Amusement City (SKTA) starting Dec. 3 due to the AGM that will be held on Dec. 8 to discuss and approve 2023 annual financial statements, dividend distribution, increasing the paid-in capital from IQD1.5 bn to IQD2.0 bn through %33.3 rights issue.
• ISX suspended trading of Middle East Producing & Marketing - Fish (AMEF) starting Dec. 4 due to the AGM that will be held on Dec. 9 to discuss and approve the ending Mar. 31, 2024, annual financial statements.
• ISX suspended trading of Al-Khazer for Construction Materials (IKHC) starting Dec. 5 due to the AGM that will be held on Dec. 6 to discuss and approve 2023 annual financial statements, increasing the paid-in capital from IQD1.0 bn to IQD2.0 bn through %100 rights issue, and electing five original and five alternative board members.
• ISX will suspend trading of Baghdad for Packing Materials (IBPM) starting Dec. 11 due to the AGM that will be held on Dec. 16 to discuss and approve 2023 annual financial statements.

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 28th November 2024).

Please click here to view a table of listed companies and their associated ticker codes.

* 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

(1) Excluding OTC market

Iraq Stock Exchange

• The National Bank of Iraq (BNOI) announced on Saturday that it has received the Excellence Award in Financial and Technical Innovation and Digital Leadership in Iraq for the year 2024, presented by the World Union of Arab Bankers. (Shafaq News)
• A cross transaction occurred on 750.0 mn shares of Bank of Baghdad (BBOB) on Nov. 24, valued at IQD3.2 bn and corresponding to 0.2% of BBOB's capital.
• A cross transaction occurred on 10.6 bn shares of Iraqi Middle East Investment Bank (BIME) on Nov. 24, valued at IQD845.6 mn and corresponding to 4.2% of BIME's capital.
• Two cross transactions occurred on 12.0 bn shares of Iraq Noor Islamic Bank (BINI) on Nov. 25 and Nov. 27, valued at IQD7.1 bn and corresponding to 4.8% of BINI's capital.
• Fitch Ratings has affirmed Cihan Bank for Islamic Investment and Finance P.S.C's (BCIH) Long-Term Issuer Default Rating (IDR) at 'CCC+'. Fitch has also affirmed Cihan's Viability Rating (VR) at 'ccc+'. (FitchRatings)
• Fitch Ratings has downgraded Gulf Commercial Bank's (BGUC) Long-Term Issuer Default Rating (IDR) to 'CCC' from 'CCC+' and its Viability Rating (VR) to 'ccc' from 'ccc+'. (FitchRatings)
• Fitch Ratings has downgraded Ameen Al-Iraq Bank for Islamic Investment and Finance's (BAME) Long-Term Issuer Default Rating (IDR) to 'CCC' from 'CCC+' and its Viability Rating (VR) to 'ccc' from 'ccc+'. (FitchRatings)
• ISX suspended trading of the second issuance of Emaar bonds starting on Nov. 24, 2024, due to the maturity of their semi-annual interest.
• Iraqi Agricultural Products Marketing Meat (AIPM) has completed its procedures with the Companies Registration Department, which includes amending the name of the Iraqi Agricultural Products Marketing Meat to the Iraqi Agricultural Products Marketing Meat, Field Crops, and Real Estate Investments.
• Ahliya For Insurance (NAHF) decided to extend the subscription on 8.0 bn shares for another 60 days starting Dec. 1 due to the incomplete subscription of the full amount during the first 60 days.
• Tourist Village of Mosul Dam (HTVM) has announced the opening of their second office for the company which is located in Mosul / Al-Arabi neighborhood / Al-Mustawsaf Street.

Stocks that resumed / will resume trading:

• Baghdad Hotel (HBAG) resumed trading on Nov. 24 after holding its AGM on Nov. 18 in which they discussed and approved 2023 annual financial statements and decided to distribute IQD0.5 cash dividend per share, corresponding to a 4.0% dividend yield.
• Original shares of Al-Mosul for Funfairs (SMOF) resumed trading on Nov. 24 after holding its AGM on Nov. 16 in which they discussed and approved 2023 annual financial statements, increasing the paid-in capital from IQD1.650 bn to IQD1.815 bn through a 10.0% bonus issue, and electing four original and four alternative board members.
• AL-Nukhba for General Construction (SNUC) resumed trading on Nov. 27 after holding its AGM on Nov. 24 in which they discussed and approved 2023 annual financial statements and electing five original and three alternative board members.
• Asia Al Iraq Islamic Bank (BAIB) resumed trading on Nov. 28 after holding its AGM on Nov. 26 in which they discussed and approved 2023 annual financial statements.
• Trust International Islamic Bank (BTRU) will resume trading on Dec. 1 after holding its AGM on Nov. 5 in which they discussed and approved 2023 annual financial statements and electing seven original and six alternative board members.

Stocks that were suspended / will be suspended from trading:

• ISX suspended trading of Electronic Industries (IELI) starting Nov. 25 due to the AGM that will be held on Nov. 28 to discuss and approve 2017, 2018, and 2019 annual financial statements and electing four original and four alternative board members.
• ISX suspended trading of Erbil Bank for Investment & Finance (BERI) starting Nov. 26 due to the AGM that will be held on Nov. 29 to discuss and approve 2023 annual financial statements and electing seven original and seven alternative board members.
• ISX suspended trading of Al-Mansour Pharmaceuticals Industries (IMAP) starting Nov. 27 due to the AGM that will be held on Dec. 2 to discuss and approve 2023 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD16.0 bn to IQD20.0 bn through 25.0% rights issue according to the Companies Law No. 21 of 1997/Article 55/Fourth. (The share price is set at IQD2.50 for the capital increase).
• ISX will suspend trading of Investment Bank of Iraq (BIBI) starting Dec. 3 due to the AGM that will be held on Dec. 7 to discuss and approve 2023 annual financial statements and dividend distribution.
• ISX will suspend trading of Iraq Baghdad for General Transport (SBPT) starting Dec. 16 due to the AGM that will be held on Dec. 19 to discuss and approve 2023 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD1.3 bn to IQD2.0 bn through a 53.8% bonus issue.

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