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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th June 2019).

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

The RSISX index ended the week at IQD661 (+0.8%) / $712 (+0.8%) (weekly change) (+0.3% and +0.2% YTD change, respectively). The number of week traded shares was 6.2 bn and the weekly trading volume was IQD4.8 bn ($3.9 mn).

ISX Company Announcements

  • ISX will suspend trading of Ashur International Bank for Investment (BASH) starting Jul. 2, 2019 due to the GA that will be held on Jul. 7, 2019 to elect 7 original and 7 alternative board members. The company will resume trading on Jul. 8, 2019.
  • Baghdad Soft Drinks (IBSD) resumed trading on Jun. 20, 2019 after discussing and approving 2018 annual financial results and distributing 10% cash dividend (IQD0.10 dividend per share, 2.9% dividend yield).
  • ISX suspended trading of Al-Ameen Estate Investment (SAEI) starting Jun. 19, 2019 due to the AGM* that will be held on Jun. 24, 2019 to discuss and approve 2017 annual financial results.
  • Al-Ameen Financial Investment (VAMF) resumed trading on Jun. 18, 2019 after discussing and approving 2018 annual results.
  • Al-Khatem Telecom (TZNI) resumed trading on Jun. 16, 2019 after discussing and approving 2017 and 2018 annual financial reports and deciding to distribute 3.27% cash dividend (IQD0.0327 dividend per share, 1.2% dividend yield).
  • ISX suspended trading of National Bank of Iraq (BNOI) starting Jun. 16, 2019 due to the AGM* that was held on Jun. 19, 2019 to discuss and approve 2018 annual financial results.
  • Cross Transactions: 188.2 mn shares of Cihan Bank for Islamic and Finance (BCIH) on Jun. 17, 2019, which represents 0.1% of BCIH capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th June 2019).

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

The RSISX index ended the week at IQD661 (+0.8%) / $712 (+0.8%) (weekly change) (+0.3% and +0.2% YTD change, respectively). The number of week traded shares was 6.2 bn and the weekly trading volume was IQD4.8 bn ($3.9 mn).

ISX Company Announcements

  • ISX will suspend trading of Ashur International Bank for Investment (BASH) starting Jul. 2, 2019 due to the GA that will be held on Jul. 7, 2019 to elect 7 original and 7 alternative board members. The company will resume trading on Jul. 8, 2019.
  • Baghdad Soft Drinks (IBSD) resumed trading on Jun. 20, 2019 after discussing and approving 2018 annual financial results and distributing 10% cash dividend (IQD0.10 dividend per share, 2.9% dividend yield).
  • ISX suspended trading of Al-Ameen Estate Investment (SAEI) starting Jun. 19, 2019 due to the AGM* that will be held on Jun. 24, 2019 to discuss and approve 2017 annual financial results.
  • Al-Ameen Financial Investment (VAMF) resumed trading on Jun. 18, 2019 after discussing and approving 2018 annual results.
  • Al-Khatem Telecom (TZNI) resumed trading on Jun. 16, 2019 after discussing and approving 2017 and 2018 annual financial reports and deciding to distribute 3.27% cash dividend (IQD0.0327 dividend per share, 1.2% dividend yield).
  • ISX suspended trading of National Bank of Iraq (BNOI) starting Jun. 16, 2019 due to the AGM* that was held on Jun. 19, 2019 to discuss and approve 2018 annual financial results.
  • Cross Transactions: 188.2 mn shares of Cihan Bank for Islamic and Finance (BCIH) on Jun. 17, 2019, which represents 0.1% of BCIH capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th June 2019).

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

The RSISX index ended the week at IQD657 (-1.5%) / $706 (-1.7%) (weekly change) (-0.4% and -0.5% YTD change, respectively). The number of week traded shares was 9.2 bn and the weekly trading volume was IQD9.8 bn ($8.1 mn).

ISX Company Announcements

  • The Light Industries (ITLI) will hold an AGM* on Jul. 4, 2019 to discuss and approve 2014, 2015 and 2016 annual financial results. The company has been suspended since Jul. 13, 2016 for not disclosing financial results by an ISC decision.
  • ISX will suspend trading of Palestine Hotel (HPAL) starting Jun. 23, 2019 due to the AGM* that will be held on Jun. 26, 2019 to discuss and approve 2017 annual financial results.
  • Al-Khatem Telecoms (TZNI) will resume trading on Jun. 16, 2019 after discussing and approving 2017 and 2018 annual financial reports and deciding to distribute 3% cash dividend (IQD0.03 dividend per share, 1.1% dividend yield). The opening price will be IQD2.67 with +/-20% change.
  • Subscription on IQD150 bn shares of International Islamic Bank (BINT) will be extended 60 days starting Jun. 16, 2019 to increase the capital from IQD100 bn to IQD250 bn through 150% rights issue.
  • ISX suspended trading of Al-Ameen Financial Investment (VAMF) starting Jun. 11, 2019 due to the AGM* that will be held on Jun. 16, 2019 to discuss and approve 2018 annual results.
  • Al Taif Islamic Bank for Investment & Finance (BTIB), with a capital of IQD100 bn, has completed the transferring procedures from money transfer company into an Islamic bank. The bank will start trading after depositing and activating 5% of the listed shares or after 21 days of depositing the company’s shares.
  • ISX suspended trading of Baghdad Soft Drinks (IBSD) starting Jun. 10, 2019 due to the AGM* that will be held on Jun. 13, 2019 to discuss and approve 2018 annual financial results and increasing the company’s capital through bonus issue.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 30th May 2019).

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

The RSISX index ended the week at IQD666 (+4.0%) / $718 (+4.2%) (weekly change) (+1.1% and +1.2% YTD change, respectively). The number of week traded shares was 8.2 bn and the weekly trading volume was IQD4.8 bn ($4.0 mn).

ISX Company Announcements

  • The Board of Directors of the initiative of Tamkeen, sponsored by the Central Bank of Iraq and financed by banks and exchange companies and under the supervision of the Association of Iraqi private banks, agreed to finance a number of industrial projects and initiatives in Muthanna province in the field of plastic and food industries and others. This comes in support of the economic reality and the alleviation of the unemployment rate in the province. It is worth mentioning that this initiative works to finance various industrial, service, environmental and social projects, and is distributed among all Iraqi governorates. (CBI.iq)
  • ISX will suspend trading of Al-Ameen Estate Investment (SAEI) starting Jun. 19, 2019 due to the AGM* that will be held on Jun. 24, 2019 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of Iraqi for Tufted Carpets (IITC) starting Jun. 13, 2019 due to the AGM* that will be held on Jun. 18, 2019 to discuss and approve 2018 annual financial results.
  • ISX will suspend trading of Baghdad Soft Drinks (IBSD) starting Jun. 10, 2019 due to the AGM* that will be held on Jun. 24, 2019 to discuss and approve 2018 annual financial results and increasing the company’s capital through bonus issue.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 23rd May 2019).

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

The RSISX index ended the week at IQD640 (+3.0%) / $689 (+3.0%) (weekly change) (-2.9% and -2.9% YTD change, respectively). The number of week traded shares was 9.4 bn and the weekly trading volume was IQD3.2 bn ($2.6 mn).

ISX Company Announcements

  • ISX will suspend trading of Al-Khatem Telecoms (TZNI) starting May. 27, 2019 due to the AGM* that will be held on May. 30, 2019 to discuss and approve 2017 and 2018 annual financial reports.
  • ISX will suspend trading of Al-Wiaam for Financial Investment (VWIF) starting May. 27, 2019 due to the AGM* that will be held on May. 30, 2019 to discuss and approve 2017 annual financial report.
  • National Household Furniture Industry (IHFI) will resume trading on May. 26, 2019 due to disclosing its 2018 annual financial results. The opening price will be IQD0.90 with +/-50% change.
  • AL-Sadeer Hotel (HSAD) completed the legal procedures to increase capital from IQD1.239 bn to IQD1.735 bn through 40% rights issue.
  • Region Trade Bank for Investment and Finance (BRTB) completed the procedures of increasing the bank’s original and alternative members from 5 to 7 members.
  • New shares of Dar Al-Salam for Insurance (NDSA) from the capital increase to IQD7.0 bn through 40% rights issue resumed trading on May. 22, 2019.
  • Iraqi for Seed Production (AISP) resumed trading on May. 21, 2019 due to disclosing 2018 annual financial results.
  • Procedures of Al-Bilad Islamic Bank for Investment & Finance (BLAD) have been completed to change the bank’s name to Al-Ataa Islamic Bank for Investment & Finance.
  • According to the Board of Insurance, Ahliya for Insurance (NAHF) resumed trading on May. 19, 2019.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th May 2019).

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

The RSISX index ended the week at IQD622 (+4.3%) / $669 (+4.3%) (weekly change) (-5.7% and -5.7% YTD change, respectively). The number of week traded shares was 7.1 bn and the weekly trading volume was IQD2.6 bn ($2.1 mn).

ISX Company Announcements

  • Fallujah for Construction Materials (IFCM) will hold an AGM* on May. 29, 2019 to discuss and approve 2013, 2014, 2015 and 2016 annual financial results. The company has been suspended from trading since Jul. 6, 2015 by an ISC decision due to not disclosing 2013, 2014, 2015 and 2016 annual financial results.
  • According to the Board of Insurance, Ahliya for Insurance (NAHF) will resume trading on Sunday (May. 19, 2019).
  • Dar Al-Salam for Insurance (NDSA) completed its capital increase procedures from IQD5.0 bn to IQD7.0 bn through 40% rights issue.
  • Babylon Hotel (HBAY) invited its shareholders on May. 14, 2019 to receive their cash dividend for the years between 1997 and 2001 as well as the year of 2016.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 9th May 2019).

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

The RSISX index ended the week at IQD596 (+1.8%) / $642 (+1.8%) (weekly change) (-9.6% and -9.6% YTD change, respectively). The number of week traded shares was 7.5 bn and the weekly trading volume was IQD4.0 bn ($3.3 mn).

ISX Company Announcements

  • Ready-Made Clothes (IRMC) invited its shareholders to receive their cash dividend (5% cash dividend, IQD0.05 dividend per share) starting May. 12, 2019.
  • According to the Board of Insurance, Gulf Insurance and Reinsurance (NGIR) will resume trading on May. 12, 2019 due to the company’s commitment to the Board of Insurance’s letter.
  • Al-Mansour Bank (BMNS) invited its shareholders to receive their cash dividend (7% cash dividend, IQD0.07 dividend per share) starting May. 8, 2019.
  • Al-Khazer for Construction Materials (IKHC) resumed trading on May. 6, 2019 due to disclosing 2018 annual financial results.
  • Kurdistan International Islamic Bank (BKUI) resumed trading on May. 5, 2019 after electing 4 original and 7 alternative board members.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 2nd May 2019).

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

The RSISX index ended the week at IQD586 (+0.2%) / $630 (+0.2%) (weekly change) (-11.2% and -11.3% YTD change, respectively). The number of week traded shares was 1.5 bn and the weekly trading volume was IQD1.1 bn ($0.9 mn).

ISX Company Announcements

  • Iraqi Carton Manufactories (IICM) will hold an AGM* on May. 9, 2019 to discuss and approve 2016 annual financial results. The company has been suspended from trading since Aug. 6, 2017 due to not disclosing 2016 and 2017 annual financial results.
  • Asiacell (TASC) invited its shareholders to receive their cash dividend (100% cash dividend, 12.2% dividend yield) starting May 2, 2019.
  • ISX suspended trading of Kurdistan International Islamic Bank (BKUI) starting Apr. 29, 2019 due to the GA that will be held on May. 4, 2019 to elect 4 original and 7 alternative board members. The bank will resume trading on May. 5, 2019.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th April 2019).

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

The RSISX index ended the week at IQD584 (-1.2%) / $629 (-1.1%) (weekly change) (-11.4% and -11.4% YTD change, respectively). The number of week traded shares was 1.3 bn and the weekly trading volume was IQD1.0 bn ($0.8 mn).

ISX Company Announcements

  • Iraqi Carton Manufactories (IICM) will hold an AGM* on May. 9, 2019 to discuss and approve 2016 annual financial results. The company has been suspended from trading since Aug. 6, 2017 due to not disclosing 2016 and 2017 annual financial results.
  • ISX will suspend trading of Kurdistan International Islamic Bank (BKUI) starting Apr. 29, 2019 due to the GA that will be held on May. 4, 2019 to elect 4 original and 7 alternative board members. The bank will resume trading on May. 5, 2019.
  • National Company for Tourism Investment (HNTI) will resume trading on Apr. 28, 2019 after discussing the changes in the company’s business schedule.
  • Region Trade Bank for Investment and Finance (BRTB) resumed trading on Apr. 25, 2019 after electing 4 original and 4 alternative board members.
  • Asiacell (TASC) resumed trading on Apr. 21, 2019 after discussing and approving 2018 annual financial results and deciding to distribute 100% cash dividend (IQD1.00 dividend per share, 12.2% dividend yield).
  • Cross Transactions: 50 mn shares of Gulf Commercial Bank (BGUC) on Apr. 21, 2019, which represent 0.02% of BGUC capital. 32 mn shares of Iraqi Middle East Investment Bank (BIME) on Apr. 21, 2019, which represents 0.01% of BIME capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th April 2019).

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

The RSISX index ended the week at IQD584 (-1.2%) / $629 (-1.1%) (weekly change) (-11.4% and -11.4% YTD change, respectively). The number of week traded shares was 1.3 bn and the weekly trading volume was IQD1.0 bn ($0.8 mn).

ISX Company Announcements

  • Iraqi Carton Manufactories (IICM) will hold an AGM* on May. 9, 2019 to discuss and approve 2016 annual financial results. The company has been suspended from trading since Aug. 6, 2017 due to not disclosing 2016 and 2017 annual financial results.
  • ISX will suspend trading of Kurdistan International Islamic Bank (BKUI) starting Apr. 29, 2019 due to the GA that will be held on May. 4, 2019 to elect 4 original and 7 alternative board members. The bank will resume trading on May. 5, 2019.
  • National Company for Tourism Investment (HNTI) will resume trading on Apr. 28, 2019 after discussing the changes in the company’s business schedule.
  • Region Trade Bank for Investment and Finance (BRTB) resumed trading on Apr. 25, 2019 after electing 4 original and 4 alternative board members.
  • Asiacell (TASC) resumed trading on Apr. 21, 2019 after discussing and approving 2018 annual financial results and deciding to distribute 100% cash dividend (IQD1.00 dividend per share, 12.2% dividend yield).
  • Cross Transactions: 50 mn shares of Gulf Commercial Bank (BGUC) on Apr. 21, 2019, which represent 0.02% of BGUC capital. 32 mn shares of Iraqi Middle East Investment Bank (BIME) on Apr. 21, 2019, which represents 0.01% of BIME capital.