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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th Oct 2017).

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

The RSISX index ended the week at IQD778 (+2.5%) / $795 (+2.1%) (weekly change) (-19.0% and -16.1% YTD change, respectively). The number of week traded shares was 14.4bn and the weekly trading volume was IQD20.2bn ($15.9mn).

ISX Company Announcements

  • Al-Bilad Islamic Bank for Investment & Finance (BLAD) will resume trading on Oct. 15, 2017, because the company fulfilled ISX request to explain why the prices have touched the lower limit in the two sessions (Oct. 5-8, 2017). The company announced that the shares of Mr. Abdul-Jalal Said Btti were offered to be sold based on a decision of the Badaa’a Court.
  • Al-Ameen Financial Investment (VAMF) completed the capital increase procedures from IQD1.0bn to IQD1.5bn through 50% rights issue.
  • Iraqi Engineering Works (IIEW) will hold AGM* on Oct. 15, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of IIEW starting Oct. 10, 2017.
  • Ishtar Hotels (HISH) resumed trading on Oct. 9, 2017 after fulfilling ISC disclosure requirements and publishing 6M17 financial results.
  • Gulf Commercial Bank (BGUC) held AGM* on Oct. 12, 2017 to discuss and approve 2016 annual financial results and distributing 1.96% cash dividend (IQD0.0196 dividend per share, 5.8% dividend yield). ISX suspended trading of BGUC starting Oct. 9, 2017.
  • Modern Chemical Ind. (IMCI) will hold AGM* on Oct. 20, 2017 to discuss and approve 2016 annual financial results and distributing cash dividend. ISX will suspend trading of IMCI starting Oct. 17, 2017.
  • Economy Bank (BEFI) sent to the ISX the CBI letter of Oct. 2, 2017 confirming its letter of Feb. 2, 2017 that the CBI has lifted the custody of BEFI and requested all relevant parties to settle their commitments with the new management to obtain all their financial rights as well as lifting the block on fixed and current assets so that the bank can resume its activities and fulfill its obligations.
  • Mamoura Realestate Investment (SMRI) completed the capital increase procedures from IQD19.2bn to IQD 22.78bn through 15% rights and 3.6% bonus issues.
  • Iraq Baghdad for General Transport (SBPT) resumed trading on Oct. 11, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 130% cash dividends (IQD1.3 dividend per share, 9.3% dividend yield).
  • Cross Transactions: 5.0bn shares of Baghdad Soft Drinks (IBSD) on Oct. 9, 2017, which represents 2.8% of IBSD capital. 1.25bn shares of Trans Iraq Bank for Investment (BTRI) on Oct, 9, 2017, which represents 0.47% of BTRI capital. 2.0bn shares of Al-Harir Money T. (MTAH) on Oct. 10, which represent 4.4% of MTAH capital. 2.0bn shares of Trans Iraq Bank for Investment (BTRI) on Oct. 12, 2017, which represents 0.75% of BTRI capital. 0.5bn shares of Cihan Bank for Islamic & Finance (BCIH) on Oct. 12, 2017, which represents 0.2% of BCIH capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th Oct 2017).

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

The RSISX index ended the week at IQD759 (-1.4%) / $778 (-1.4%) (weekly change) (-21.0% and -17.8% YTD change, respectively). The number of week traded shares was 2.8bn and the weekly trading volume was IQD1.8bn ($1.4mn).

ISX Company Announcements

  • Metallic & Bicycles Industries (IMIB) will hold AGM* on Oct. 25, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of IMIB starting Oct. 22, 2017.
  • Al-Mansour Pharmaceuticals Industries (IMAP) will hold AGM* on Oct. 23, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of IMAP starting Oct. 18, 2017.
  • Region Trade Bank for Investment and Finance (BRTB) will hold AGM* on Oct. 22, 2017 to discuss and approve 2016 annual financial results. BRTB started trading on Oct. 5, 2017.
  • Iraqi Engineering Works (IIEW) will hold AGM* on Oct. 15, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of IIEW starting Oct. 10, 2017.
  • Iraqi Middle East Investment Bank (BIME) will resume trading on Oct. 8, 2017 after fulfilling ISC disclosure requirements and publishing 2016 annual financial results.
  • ISX suspended trading of the following companies starting Oct. 5, 2017 for not fulfilling ISC disclosure requirements and publishing 6M17 financial results: Dar Al-Salam for Insurance (NDSA), National Company for Tourism Investment (HNTI), Ishtar Hotels (HISH), International Islamic Bank (BINT), International Development Bank (BIDB) and Al-Khair Finacial Investment (VKHF).
  • The ISC reviewed the annual and quarterly results and auditor’s report of Economy Bank for Investment (BEFI) and stated that the bank’s documents did not comply with the requirements of the ISC and decided to keep the bank suspended from trading.
  • According to Al-Karada court decision, the selling period of Al-Bilad Islamic Bank (BLAD) shares owned by Abdul-Jalal Said Batti for the payment of debt to Al-Mansour Bank (BMNS) has been extended to Oct. 5, 2017. 5.0mn out of 2.7bn shares of BLAD owned by Abdul-Jalal Said Batti were sold on Oct. 2, 2017.
  • Al-Ameen Financial Investment (VAMF) said that the Companies’ Registrar did not provide the company the procedures for closing subscription. VAMF will provide the ISC, ISX and IDC a copy of the company’s subscription closure procedures when it is received from the Companies’ Registrar.
  • Baghdad Hotel (HBAG) announced that it started distributing 47% cash dividend (IQD0.47 dividend per share, 5.0% dividend yield) from 2016 profit starting on Oct. 5, 2017.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 28th Sept 2017).

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

Note: ISX will be closed on Oct. 1, 2017 due to religious holiday, 10th Day of Muharram “Ashura”. The next trading session will be held on Monday (Oct. 2, 2017).

The RSISX index ended the week at IQD769 (-1.2%) / $789 (-1.2%) (weekly change) (-19.8% and -16.7% YTD change, respectively). The number of week traded shares was 13.1bn and the weekly trading volume was IQD12.2bn ($9.7mn).

ISX Company Announcements

  • National Chemical and Plastic Industries (INCP) will hold AGM* on Oct. 5, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of INCP starting Oct. 2, 2017.
  • Two cross transactions occurred on 9.0bn shares of Al-Noor for Money Transfer (MTNN) on Sep. 26 and Sept. 27, 2017, which represent 20.0% of MTNN capital.
  • A cross transaction occurred on 1.75bn shares of Trans Iraq Bank for Investment (BTRI) on Sept. 26, 2017, which represents 0.7% of BTRI capital.
  • Original shares of Dar Al-Salam for Insurance (NDSA) resumed trading on Sept. 27, 2017 after discussing and approving 2016 annual financial results and deciding to increase the capital from 3.5bn to IQD5.0bn through 42.4% rights issue.
  • Trust International Islamic Bank (BTRU) completed the capital increase procedures from IQD100bn to IQD 250bn through 150% rights issue.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st Sept 2017).

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

The RSISX index ended the week at IQD778 (-1.0%) / $798 (-1.0%) (weekly change) (-18.9% and -15.7% YTD change, respectively). The number of week traded shares was 9.5bn and the weekly trading volume was IQD6.3bn ($5.1mn).

ISX Company Announcements

  • Two cross transactions occurred on 3.0bn shares of Trans Iraq Bank for Investment (BTRI) on Sept. 18 and Sep. 20, 2017), which represent 1.14% of BTRI capital.
  • Gulf Commercial Bank (BGUC) will hold AGM* on Oct. 12, 2017 to discuss and approve 2016 annual financial results and decide to distribute 1.96% cash dividend (IQD0.0196 dividend per share). ISX will suspend trading of BGUC starting Oct. 9, 2017.
  • Iraq Baghdad for General Transport (SBPT) will hold AGM* on Oct. 9, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of SBPT starting Oct. 4, 2017.
  • National Chemical and Plastic Industries (INCP) will hold AGM* on Oct. 5, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of INCP starting Oct. 2, 2017.
  • International Islamic Bank (BINT) invited shareholders to participate in the capital increase from IQD100bn to IQD250bn through 150% rights issue starting Sept. 20, 2017.
  • ISX requested Region Trade Bank for Investment and Finance (BRTB) to disclose the names and titles of the individuals who have direct access to internal information for 2017, like BoD and their advisors, CEO, CFO, auditor and etc., in order to start trading.
  • Al-Hamraa for Insurance (NHAM) will hold AGM* on Oct. 24, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of NHAM starting Oct. 19, 2017.
  • Iraqi Agricultural Products Marketing Meat (AIPM) resumed trading on Sep. 19, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 5% cash dividend (IQD0.05 dividend per share, 1.7% dividend yield).

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th Sept 2017).

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

The RSISX index ended the week at IQD786 (+0.5%) / $807 (+0.4%) (weekly change) (-18.1% and -14.8% YTD change, respectively). The number of week traded shares was 43.7bn and the weekly trading volume was IQD 31.3bn ($24.8mn).

ISX Company Announcements

  • Two cross transactions occurred on 23.65bn shares of Al-Arabiya Islamic Bank (BAAI) on Sept. 12 and Sep. 13, 2017, which represent 9.4% of BAAI capital.
  • A cross transaction occurred on 15.99bn shares of Mosul Bank for Development and Investment (BMFI) on Sept. 12, 2017, which represent 6.3% of BMFI capital.
  • Dar Al-Salam for Insurance (NDSA) will hold AGM* on Sept. 19, 2017 to discuss and approve 2016 annual financial results and decide to increase the capital from IQD3.5bn to IQD5.0bn through 42.5% rights issue. ISX suspended trading of NDSA starting Sep. 14, 2017.
  • Baghdad Hotel (HBAG) resumed trading on Sept. 14, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 47% cash dividend (IQD0.47 dividend per share, 5.0% dividend yield).
  • Al-Qabedh Islamic Bank for Finance and Investment (BQAB) having a capital of IQD250bn paid-in capital, has completed converting procedures from Al-Muhej for Money Transfer (MTAM) and started trading in non-regular market on Sept. 13, 2017. BQAB closed the day at IQD1.0.
  • Region Trade Bank for Investment and Finance (BRTB) started depositing its shares on Sept. 14, 2017. The bank will start trading after depositing and activating 5% of the shares or after 21 days, on Oct. 5, 2017.
  • Al-Zawraa for Financial Investment (VZAF) will hold AGM* on Sept. 17, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of VZAF starting on Sept. 12, 2017.
  • Kurdistan International Bank (BKUI) disclosed that the ownership of Khan Adil Disko at BKUI reached 39.6bn shares on Sept. 11, 2017, which represents 9.9% of BKUI capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th Sept 2017).

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

The RSISX index ended the week at IQD783 (+0.3%) / $803 (-0.1%) (weekly change) (-18.6% and -15.1% YTD change, respectively). The number of week traded shares was 1.2bn and the weekly trading volume was IQD 0.9bn ($0.7mn).

ISX Company Announcements

  • Dar Al-Salam for Insurance (NDSA) will hold AGM* on Sept. 19, 2017 to discuss and approve 2016 annual financial results and decide to increase the capital from IQD3.5bn to IQD5.0bn through 42.5% rights issue. ISX will suspend trading of NDSA starting Sep. 14, 2017.
  • Iraqi Agricultural Products Marketing Meat (AIPM) will hold AGM* on Sept. 12, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of AIPM starting on Sept. 7, 2017.
  • Mamoura Real estate Investment (SMRI) requested Middle East Bank for investment (BIME) and Bilad Islamic Bank (BLAD) on Sept. 7, 2017 to pay back the unused amount (remaining amount) of cash belong to the investors related with the rights issue of SMRI considering that 15 days passed the subscription closing date (Aug. 21, 2017).

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th Sept 2017).

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

The RSISX index ended the week at IQD783 (+0.3%) / $803 (-0.1%) (weekly change) (-18.6% and -15.1% YTD change, respectively). The number of week traded shares was 1.2bn and the weekly trading volume was IQD 0.9bn ($0.7mn).

ISX Company Announcements

  • Dar Al-Salam for Insurance (NDSA) will hold AGM* on Sept. 19, 2017 to discuss and approve 2016 annual financial results and decide to increase the capital from IQD3.5bn to IQD5.0bn through 42.5% rights issue. ISX will suspend trading of NDSA starting Sep. 14, 2017.
  • Iraqi Agricultural Products Marketing Meat (AIPM) will hold AGM* on Sept. 12, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of AIPM starting on Sept. 7, 2017.
  • Mamoura Real estate Investment (SMRI) requested Middle East Bank for investment (BIME) and Bilad Islamic Bank (BLAD) on Sept. 7, 2017 to pay back the unused amount (remaining amount) of cash belong to the investors related with the rights issue of SMRI considering that 15 days passed the subscription closing date (Aug. 21, 2017).

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Note: ISX will be closed starting from Sep. 1, 2017 to Sep. 5, 2017 due to the religious holiday of Eid Al-Adha. The next session will be held on Wednesday (Sep. 6, 2017).

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st Aug 2017).

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

The RSISX index ended the week at IQD781 (+1.4%) / $804 (+1.4%) (weekly change) (-18.6% and -15.1% YTD change, respectively). The number of week traded shares was 14.8bn and the weekly trading volume was IQD13.1bn ($10.4mn).

ISX Company Announcements

  • Dar Al-Salam for Insurance (NDSA) will hold AGM* on Sept. 19, 2017 to discuss and approve 2016 annual financial results and decide to increase the capital from IQD3.5bn to IQD5.0bn through 42.5% rights issue. ISX will suspend trading of NDSA starting Sep. 14, 2017.
  • Baghdad Hotel (HBAG) will hold AGM* on Sept. 10, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of HBAG starting on Aug. 31, 2017.
  • A cross transaction occurred on 9.9bn shares of Al-Arabiya Islamic Bank (BAAI) on Aug. 28, 2017, which represents 3.96% of BAAI capital.
  • National Islamic Bank (BNAI) resumed trading on Aug. 31, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 8.5% cash dividend (IQD0.085 dividend per share, 8.1% dividend yield).
  • Al-Nobles for Money Transfer (MTNO) and Al-Noor for Money Transfer (MTNN) resumed trading on Aug. 31, 2017 after discussing and approving 2016 annual financial results.
  • Ahliya for Insurance (NAHF) resumed trading on Aug. 31, 2017 after discussing and approving 2016 annual financial results.
  • Kharkh Tour Amuzement City (SKTA) resumed trading on Aug. 30, 2017 after fulfilling ISC disclosure requirements and publishing 2016 annual financial results.
  • Iraqi Agricultural Products (AIRP) resumed trading on Aug. 27, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 10% cash dividend (IQD0.10 dividend per share, 1.4% dividend yield).

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Note: ISX will be closed starting from Sep. 1, 2017 to Sep. 5, 2017 due to the religious holiday of Eid Al-Adha. The next session will be held on Wednesday (Sep. 6, 2017).

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th Aug 2017).

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

The RSISX index ended the week at IQD770 (-1.9%) / $793 (-1.5%) (weekly change) (-19.8% and -16.3% YTD change, respectively). The number of week traded shares was 4.7bn and the weekly trading volume was IQD3.1bn ($2.4mn).

ISX Company Announcements

  • The ISX Board of Governors approved on Tuesday (Aug. 15, 2017) the inclusion of the first issue of the national bonds as it fulfilled the bond’s listing requirements according to the instructions. The Board of Governors decided that the limit for price change will be -/+5% per session according to the bond’s listing instructions. It was mentioned that the Iraqi Securities Commission’s (ISC) approval is required to launch the procedures for depositing and trading of this issue of the National Bonds.
  • Baghdad Hotel (HBAG) will hold AGM* on Sept. 10, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of HBAG starting Aug. 31, 2017.
  • Iraqi Agricultural Products (AIRP) will resume trading on Aug. 27, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 10% cash dividend (IQD0.10 dividend per share, 1.4% dividend yield). The opening price will be IQD7.30* per share. (*RS calculation)
  • The subscription on 0.5bn Al-Ameen Financial Investment (VAMF) shares closed on Aug. 10, 2017 to increase the capital to IQD1.5bn through rights issue.
  • Original shares of Al-Ameen Insurance (NAME) resumed trading on Aug. 22, 2017 after discussing and approving 2016 annual financial results and deciding to increase the capital from IQD3.410bn to IQD3.819bn through 12% bonus issue.
  • Commercial Bank of Iraq (BCOI) resumed trading on Aug. 22, 2017 after discussing and approving 2015 annual financial results and deciding to distribute 2.6% cash dividend (IQD0.026 dividend per share, 5.9% dividend yield).
  • Iraqi for Tufted Carpets (IITC) resumed trading on Aug. 22, 2017 after discussing and approving 2016 annual financial results and deciding to distribute 50% cash dividend (IQD0.50 dividend per share, 6.5% dividend yield).
  • Original shares of Iraqi for Seed Production (AISP) resumed trading on Aug.20, after approving 2016 annual financial results, increasing the capital from IQD7.5bn to IQD10.5bn through 40% bonus issue and deciding to distribute 40% cash dividend (IQD0.40 dividend per share, 5.6% dividend yield).
  • Al-Waeel for Money Transfer (MTWA) was delisted from trading starting Aug. 21, 2017 according to ISC and ISX board of governors’ decision.
  • The Company Registrar canceled International Islamic Bank’s (BINT) 150% rights issue to increase the capital to IQD250bn, because the bank did not comply with Article 42 of companies’ law. (Article 42: Subscription period is no less than 30 days and does not exceed 60 days. If the period ended and the subscription did not reach 75% of the nominal capital, the period can be extended no more than 60 days, as long as the founders re-advertise the subscription extension period.)

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Note: ISX will be closed starting from Sep. 1, 2017 to Sep. 5, 2017 due to the religious holiday of Eid Al-Adha. The next session will be held on Wednesday (Sep. 6, 2017).

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th Aug 2017).

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

The RSISX index ended the week at IQD784 (-0.7%) / $805 (-0.3%) (weekly change) (-18.3% and -15.0% YTD change, respectively). The number of week traded shares was 39.2bn and the weekly trading volume was IQD34.8bn ($27.4mn).

ISX Company Announcements

  • Al-Zawraa for Financial Investment (VZAF) will hold AGM* on Sept. 17, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of VZAF starting Sept. 12, 2017.
  • Original shares of Iraqi for Seed Production (AISP) will resume trading on Aug. 20, 2017 after approving 2016 annual financial results, increasing the capital from IQD7.5bn to IQD10.5bn through 40% bonus issue and deciding to distribute 40% cash dividend (IQD0.40 dividend per share, 5.6% dividend yield).
  • Ahliya for Insurance (NAHF) will hold AGM* on Aug. 28, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of NAHF starting Aug. 23, 2017.
  • Al-Nobles for Money Transfer (MTNO) will hold AGM* on Aug. 24, 2017 to discuss and approve 2016 annual financial results. ISX will suspend trading of MTNO starting Aug. 21, 2017.
  • Ashur Bank (BASH) postponed its AGM* to Aug. 16, 2017 due to not completing the quorum on Aug. 9, 2017.
  • Fallujah for Construction Materials (IFCM) disclosed that it rehabilitated their site and brought back some employees to work on daily basis starting Apr. 2017. The company is working on to publish its financial results starting 2013. The company stated that it generated IQD71.2mn profit in 2013, corresponding to a 61% y/y decline. The company resumed its operations starting Jul. 1, 2017 and it is now preparing to offer all its services. The company also contacted a number of companies for investment and financing of its operations.
  • Two cross transactions occurred on 24.75bn shares of Al-Arabiya Islamic Bank (BAAI) on Aug. 13 and Aug. 14, 2017, which represent 9.9% of BAAI capital.
  • A cross transaction occurred on 5.5bn shares of Al-Noor for Money Transfer (MTNN) on Aug. 14, 2017, which represents 12.2% of MTNN capital. MTNN held AGM* on Aug. 17, 2017 to discuss and approve 2016 annual financial results. ISX suspended trading of MTNN starting Aug. 16, 2017.
  • A cross transaction occurred on 7.175bn shares of Al-Rabita Al-Maliya company (MTRA) on Aug. 16, 2017, which represents 7.2% of MTRA capital.
  • Iraqi Agricultural Products (AIRP) will hold AGM* on Aug. 21, 2017 to discuss and approve 2016 annual financial results and decide distributing 10% cash dividend (IQD0.10 dividend per share, 1.4% dividend yield). ISX suspended trading of AIRP starting on Aug. 16, 2017.
  • Mamoura Real-estate Investment (SMRI) disclosed the status of the subscription on the capital for the first 20 days. The subscription on the 2.88bn shares opened on Jul. 23, 2017. 2.56bn shares were subscribed and the remaining shares (0.32bn) are still available for subscription.
  • A number of shareholders submitted a complaint about United Bank (BUND) for the postponement of cash dividend distribution since 2014. According to the previous announcement, BUND will start distributing dividend from 2014 profit starting Oct. 1, 2017