Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th May 2020).
The RSISX index ended the week at IQD548 (+9.0%) / $569 (-+9.0%) (weekly change) (-16.8% and -18.8% YTD change, respectively). The number of week traded shares was 4.0 bn and the weekly trading volume was IQD2.1 bn ($1.7 mn).
Note: As we are receiving multiple requests about investing in Iraq because the market is at a very low level, we are bringing the minimum investment down to $20 K for international retail investors.
ISX Company Announcements
- ISX will suspend trading of Zain Al-Iraq Islamic Bank for Investment (BZII) starting May. 12, 2020 due to the GA that will be held on May. 17, 2020 to elect 7 original and 7 alternative board members.
- Al-Sadeer Hotel (HSAD) will resume trading on May. 12, 2020 after disclosing its financial statements and deciding to increase the company’s capital from IQD1.23 bn to IQD1.36 bn through 10% rights issue.