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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th January 2019).

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

The RSISX index ended the week at IQD636 (-1.0%) / $676 (-1.0%) (weekly change) (-3.6% and -4.8% YTD change, respectively). The number of week traded shares was 2.9 bn and the weekly trading volume was IQD1.8 bn ($1.5 mn).

ISX Company Announcements

  • ISX will suspend trading of Ashur International Bank for Investment (BASH) starting Dec. 17, 2019 due to the AGM that will be held on Dec. 22, 2019 to discuss and approve 2018 annual financial statements.
  • ISX will suspend trading of Investment Bank of Iraq (BIBI) starting Dec. 16, 2019 due to the AGM that will be held on Dec. 19, 2019 to discuss and approve 2018 annual financial statements.
  • ISX will suspend trading of Iraqi for Tufted Carpets (IITC) starting Dec. 15, 2019 due to the GA that will be held on Dec. 18, 2019 to elect 5 new original and 5 alternative board members.
  • ISX will suspend trading of Modern Chemical Industries (IMCI) on Dec. 9, 2019 due to the AGM that will be held on Dec. 14, 2019 to discuss and approve 2018 annual financial statements.
  • Commercial Bank of Iraq (BCOI) invited its shareholders to receive their cash dividend from 2018 profits (3.8% cash dividend, IQD0.038 dividend per share) starting Dec. 8, 2019.
  • ISX suspended trading of Ready Made Clothes (IRMC) starting Dec. 3, 2019 due to the AGM that will be held on Dec. 8, 2019 to discuss and approve 2018 annual financial statements.
  • ISX suspended trading of Al Taif Islamic Bank for Investment & Finance (BTIB) starting Dec. 2, 2019 due to the AGM that will be held on Dec. 5, 2019 to discuss and approve 2018 annual financial statements and increasing the capital from IQD100 bn to IQD150 bn through 50% rights issue.
  • Bain Al-Nahrain Investment (VMES) postponed its AGM to Dec. 10, 2019 due to lack of quorum.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 21st November 2019).

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

The RSISX index ended the week at IQD640 (-1.0%) / $681 (-1.0%) (weekly change) (-3.0% and -4.1% YTD change, respectively). The number of week traded shares was 6.4 bn and the weekly trading volume was IQD10.3 bn ($8.4 mn).

ISX Company Announcements

  • Ishtar Hotel (HISH) will hold an AGM on Dec. 4, 2019 to discuss and approve 2017 annual financial statements. The company has been suspended since Aug. 20, 2019 due to not disclosing its 2018 annual financial statements.
  • ISX suspended trading of AL- Kindi of Veterinary Vaccines (IKLV) starting Nov. 20, 2019 due to the AGM that will be held on Nov. 25, 2019 to discuss and approve 2018 annual financial statements.
  • ISX suspended trading of Kurdistan International Islamic Bank (BKUI) starting Nov. 19, 2019 due to the AGM that will be held on Nov. 23, 2019 to discuss and approve 2018 annual financial statements.
  • Modern Sewing (IMOS) resumed trading on Nov. 17, 2019 after discussing and approving 2018 annual financial statements.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th November 2019).

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

The RSISX index ended the week at IQD646 (+0.2%) / $687 (+0.2%) (weekly change) (-2.0% and -3.2% YTD change, respectively). The number of week traded shares was 11.3 bn and the weekly trading volume was IQD 11.8 bn ($9.7 mn).

ISX Company Announcements

  • Ishtar Hotel (HISH) will hold an AGM on Dec. 4, 2019 to discuss and approve 2017 annual financial statements. The company has been suspended from trading since Aug. 20, 2019 due to not disclosing its 2018 annual financial statements.
  • ISX will suspend trading of Bain Al-Nahrain Investment (VMES) starting Nov. 28, 2019 due to the AGM that will be held on Dec. 3, 2019 to discuss and approve 2018 annual financial statements.
  • Ameen Al-Iraq Islamic Bank / Mouta for Remittance (MTMO) held an AGM on Nov. 13, 2019 to discuss and approve 2018 annual financial statements. The company has been suspended from trading since Jan. 21, 2018 until it receives its operation license by the CBI.
  • ISX suspended trading of Iraqi for Seed Production (AISP) starting Nov. 12, 2019 due to not disclosing its 2019 financial statements.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th October 2019).

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

The RSISX index ended the week at IQD649 (+0.4%) / $698 (+0.4%) (weekly change) (-1.5% and -1.7% YTD change, respectively). The number of week traded shares was 5.0 bn and the weekly trading volume was IQD3.8 bn ($3.1 mn).

ISX Company Announcements

  • The International Finance Corporation (IFC) has adopted the “Guide to Corporate Governance for Iraqi Banks” issued by the CBI. It is noteworthy that the corporate governance of banks aims to determine the nature of the relationship between the BoDs of the bank and the executive management in order to protect the funds of depositors, shareholders and stakeholders and ensures disclosure and transparency. (CBI)
  • ISX will suspend trading of Modern Sewing (IMOS) starting Nov. 5, 2019 due to the AGM that will be held on Nov. 10, 2019 to discuss and approve 2018 annual financial statements.
  • ISX will suspend trading of Al-Ameen Estate Investment (SAEI) starting Oct. 24, 2019 due to the AGM that will be held on Oct. 29, 2019 to discuss and approve 2018 annual financial statements.
  • ISX will suspend trading of Gulf Insurance and Reinsurance (NGIR) starting Oct. 23, 2019 due to the AGM that will be held on Oct. 28, 2019 to discuss and approve 2018 annual financial statement and increasing the capital from IQD2.0 bn to IQD7.0 bn through 250% rights issue.
  • National Islamic Bank (BNAI) will resume trading on Oct. 20, 2019 due to disclosing its 2018 annual financial statement.
  • Commercial Bank of Iraq (BCOI) resumed trading on Oct. 15, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 3.8% cash dividend (IQD0.038 dividend per share, 7.9% dividend yield).
  • Cihan Bank for Islamic & Finance (BCIH) resumed trading on Oct. 15, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 1.57% cash dividend (IQD0.0157 dividend per share, 0.6% dividend yield).
  • Al-Qurtas Islamic Bank (BQUR) resumed trading on Oct. 15, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 0.4% cash dividend (IQD0.004 dividend per share).
  • Erbil Bank for Investment and Finance (BERI) resumed trading on Oct. 15, 2019 after discussing and approving 2018 annual financial statements.
  • Mosul Bank for Development& Investment (BMFI) resumed trading on Oct. 14, 2019 after discussing and approving 2018 annual financial statements.
  • Iraqi Middle East Investment Bank (BIME) resumed trading on Oct. 13, 2019 due to disclosing its 2018 annual financial statements.
  • Al-Ataa Islamic Bank (BLAD) resumed trading on Oct. 13, 2019 due to disclosing its 2018 annual financial statements.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th October 2019).

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

The RSISX index ended the week at IQD647 (+1.9%) / $695 (+1.9%) (weekly change) (-1.9% and -2.1% YTD change, respectively). The number of week traded shares was 6.8 bn and the weekly trading volume was IQD5.2 bn ($4.3 mn).

ISX Company Announcements

  • ISX will suspend trading of Iraqi Agricultural Products and Marketing Meat (AIPM) starting Oct. 27, 2019 due to the AGM that will be held on Oct. 30, 2019 to discuss and approve 2018 annual financial statements.
  • Iraqi Middle East Investment Bank (BIME) will resume trading on Oct. 13, 2019 due to disclosing its 2018 annual financial statements.
  • Al-Ataa Islamic Bank (BLAD) will resume trading on Oct. 13, 2019 due to disclosing its 2018 annual financial statements. The opening price will be IQD0.350 with +/-50% change since the company has been suspended for more than six months.
  • ISX requested Mosul Bank for Development& Investment (BMFI) to provide its minutes of AGM that was held on Sep. 29, 2019.
  • Al Janoob Islamic Bank (BJAB) resumed trading on Oct. 9, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 0.00197% cash dividends (IQD0.0000197 dividend per share, 0.00197% dividend yield).
  • ISX suspended trading of Middle East Producing & Marketing – Fish (AMEF) Oct. 9, 2019 due to not fulfilling ISC request to provide its 3M19 financials.
  • ISX will continue to suspend trading of the following companies’ according to an ISC decision due to not disclosing their 1Q19 and 2Q19 financials: BDSI, HASH, ITLI, IELI, IICM, IMPI, IMCM, SIGT, SBAG and VKHF.
  • ISX suspended trading of Cihan Bank for Islamic & Finance (BCIH) starting Oct. 8, 2019 due to the AGM that will be held on Oct. 12, 2019 to discuss and approve 2018 annual financial statements.
  • Cross transaction: 3.0 bn shares of International Islamic Bank (BINT) on Oct. 8, 2019, which represents 3% of BINT’s capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 10th October 2019).

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

The RSISX index ended the week at IQD647 (+1.9%) / $695 (+1.9%) (weekly change) (-1.9% and -2.1% YTD change, respectively). The number of week traded shares was 6.8 bn and the weekly trading volume was IQD5.2 bn ($4.3 mn).

ISX Company Announcements

  • ISX will suspend trading of Iraqi Agricultural Products and Marketing Meat (AIPM) starting Oct. 27, 2019 due to the AGM that will be held on Oct. 30, 2019 to discuss and approve 2018 annual financial statements.
  • Iraqi Middle East Investment Bank (BIME) will resume trading on Oct. 13, 2019 due to disclosing its 2018 annual financial statements.
  • Al-Ataa Islamic Bank (BLAD) will resume trading on Oct. 13, 2019 due to disclosing its 2018 annual financial statements. The opening price will be IQD0.350 with +/-50% change since the company has been suspended for more than six months.
  • ISX requested Mosul Bank for Development& Investment (BMFI) to provide its minutes of AGM that was held on Sep. 29, 2019.
  • Al Janoob Islamic Bank (BJAB) resumed trading on Oct. 9, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 0.00197% cash dividends (IQD0.0000197 dividend per share, 0.00197% dividend yield).
  • ISX suspended trading of Middle East Producing & Marketing – Fish (AMEF) Oct. 9, 2019 due to not fulfilling ISC request to provide its 3M19 financials.
  • ISX will continue to suspend trading of the following companies’ according to an ISC decision due to not disclosing their 1Q19 and 2Q19 financials: BDSI, HASH, ITLI, IELI, IICM, IMPI, IMCM, SIGT, SBAG and VKHF.
  • ISX suspended trading of Cihan Bank for Islamic & Finance (BCIH) starting Oct. 8, 2019 due to the AGM that will be held on Oct. 12, 2019 to discuss and approve 2018 annual financial statements.
  • Cross transaction: 3.0 bn shares of International Islamic Bank (BINT) on Oct. 8, 2019, which represents 3% of BINT’s capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd October 2019).

Note: The government declared a curfew on Thursday in Baghdad. There was no internet and the stock market was closed. Next trading day will be on Sunday, October 6.

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

The RSISX index ended the week at IQD635 (+0.7%) / $682 (+0.6%) (weekly change) (-3.7% and -3.9% YTD change, respectively). The number of week traded shares was 2.6 bn and the weekly trading volume was IQD1.8 bn ($1.5 mn).

ISX Company Announcements

  • In light of the strategy of the Central Bank of Iraq (CBI) to achieve financial inclusion, and improve digital banking services, and modern technologies, to ensure easy access to those services provided to different segments of society, the bank directed all licensed banks to provide mobile phone application service (Mobile Banking), which ensures the facilitation of banking service and ensure the availability of protection and confidentiality systems for them, to be implemented within a specified period of time from the date of issuance of instructions from the CBI. (CBI)
  • Commercial Bank of Iraq (BCOI) decided to distribute 3.8% cash dividends (IQD0.038 cash dividend per share, 7.9% dividend yield) in its AGM that was held on Oct. 2, 2019.
  • ISX will suspend trading of Cihan Bank for Islamic & Finance (BCIH) starting Oct. 8, 2019 due to the AGM that will be held on Oct. 12, 2019 to discuss and approve 2018 annual financial statements.
  • Union Bank of Iraq (BUOI) will hold an AGM on Oct. 7, 2019 to discuss and approve 2017 annual financial statements. The bank has been suspended from trading since Aug. 6, 2017 due to not disclosing 2016, 2017 and 2018 annual financial statements.
  • ISX requested Mosul Bank for Development& Investment (BMFI) to provide AGM minutes for its meeting held on Sep. 29, 2019 in order for the company to resume trading.
  • Baghdad for Packing Materials (IBPM) resumed trading on Sep. 30, 2019 after discussing and approving 2018 annual financial statements.
  • ISX suspended trading of Commercial Bank of Iraq (BCOI) starting Sep. 29, 2019 due to the AGM that will be held on Oct. 2, 2019 to discuss and approve 2018 annual financial statements.
  • Ready-Made Clothes (IRMC) and AL- Kindi of Veterinary Vac. (IKLV) resumed trading on Sep. 29, 2019 due to disclosing their 2018 annual financial statement.
  • Iraqi Date Processing and Marketing (IIDP) and Al-Zawraa for Financial Investment (VZAF) resumed trading on Sep. 29, 2019 after discussing and approving 2018 annual financial statements.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th September 2019).

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

The RSISX index ended the week at IQD630 (+2.4%) / $678 (+2.4%) (weekly change) (-4.4% and -4.5% YTD change, respectively). The number of week traded shares was 1.2 bn and the weekly trading volume was IQD1.3 bn ($1.1 mn).

ISX Company Announcements

  • The Iraqi Stock Exchange (ISX) and the Iraqi Securities Commission (ISC) announced that as of September 2019, trading data would be available in the Arab Monetary Fund database among 17 stock exchange markets registered in the fund. The price index became within the composite index of the Arab Monetary Fund for Arab financial stock exchange markets for the first time in the history of Iraqi financial markets, as well. This is considered as a positive step towards increasing the clients’ trust in the Iraqi markets. (ISX)
  • ISX will suspend trading of Cihan Bank for Islamic & Finance (BCIH) starting Oct. 8, 2019 due to the AGM that will be held on Oct. 12, 2019 to discuss and approve 2018 annual financial statements.
  • Ready-Made Clothes (IRMC) and AL- Kindi of Veterinary Vac. (IKLV) will resume trading on Sep. 29, 2019 due to disclosing their 2018 annual financial statement.
  • Iraqi Date Processing and Marketing (IIDP) and Al-Zawraa for Financial Investment (VZAF) will resume trading on Sep. 29, 2019 after discussing and approving 2018 annual financial statements.
  • ISX suspended trading of Al Janoob Islamic Bank (BJAB) starting Sep. 26, 2019 due to the AGM that will be held on Oct. 1, 2019 to discuss and approve 2018 annual financial statements.
  • Sumer Commercial Bank (BSUC) resumed trading on Sep. 25, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 7.3% dividend yield).
  • ISX suspended trading of Mosul Bank for Development & Investment (BMFI) starting Sep. 24, 2019 due to the AGM that will be held on Sep. 29, 2019 to discuss and approve 2018 annual financial statements.
  • Mamoura Real-estate Investment (SMRI) invited its shareholders to receive their cash dividend (5% cash dividend, IQD0.05 dividend per share) starting Oct. 1, 2019.
  • Asia Al Iraq Islamic Bank for Investment (BAIB) invited people for the public subscription for its 50% rights issue to increase the capital from IQD100 bn to IQD150 bn. Subscription started on Sep. 18, 2019. Subscription period is no less than 30 days and no more than 60 days.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 12th September 2019).

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

The RSISX index ended the week at IQD620 (-0.3%) / $667 (-0.3%) (weekly change) (-6.0% and -6.1% YTD change, respectively). The number of week traded shares was 1.2 bn and the weekly trading volume was IQD1.8 bn ($1.5 mn).

ISX Company Announcements

  • ISX suspended trading of Dar Al-Salam for Insurance (NDSA) starting Sep. 12, 2019 due to the AGM that will be held on Sep. 17, 2019 to discuss and approve 2018 annual financial statements.
  • ISC approved giving Iraqi for Seed Production (AISP) 60 days to complete its capital increase procedures (from IQD10.50 bn to IQD13.65 bn through 30% bonus issue).
  • ISX suspended trading of Metallic & Bicycles Industries (IMIB) on Sep. 12, 2019 because the company failed to explain why the prices touched the higher limit on Sep. 9, 2019 and Sep. 11, 2019.
  • National Chemical & Plastic Industries (INCP) resumed trading on Sep. 11, 2019 after discussing and approving 2018 annual financial statements.
  • International Islamic Bank (BINT) resumed trading on Sep. 11, 2019 after discussing and approving 2018 annual financial statements.
  • Original shares of Asia Al Iraq Islamic Bank for Investment (BAIB) resumed trading on Sep. 9, 2019 after discussing and approving 2018 annual financial results and increasing the capital from IQD100 bn to IQD150 bn through 50% rights issue.
  • Iraqi Islamic Bank (BIIB) resumed trading on Sep. 8, 2019 after discussing and approving 2018 annual financial statements.
  • Cross transaction: 250 mn shares of Cihan Bank for Islamic and Finance (BCIH) on Sep. 8, 2019, which represents 0.1% of BCIH’s capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th August 2019).

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

The RSISX index ended the week at IQD628 (-1.0%) / $675 (-1.0%) (weekly change) (-4.8% and -4.9% YTD change, respectively). The number of week traded shares was 3.5 bn and the weekly trading volume was IQD3.3 bn ($2.7 mn).

ISX Company Announcements

  • Central Bank of Iraq (CBI) participated in the opening of the Al-Fayhaa Center for Strategic Studies, Information and Youth Employment in Basra. The move is an affirmation of the importance of Basra economically and urged the concerned authorities to contribute to the creation of job opportunities for the people of the province through the development of skills and training cadres working in the public and private sectors. (CBI)
  • ISX will suspend trading of Karbala Hotels (HKAR) starting Sep. 16, 2019 due to the AGM that will be held on Sep. 19, 2019 to discuss and approve 2017 and 2018 annual financial statements.
  • ISX will suspend trading of Asia Al Iraq Islamic Bank for Investment (BAIB) starting Sep. 1, 2019 due to the AGM that will be held on Sep. 4, 2019 to discuss and approve 2018 annual financial statements and increasing the capital from IQD100 bn to IQD150 bn through 50% rights issue.
  • New shares of National Household Furniture Industry (IHFI) from the capital increase to IQD1.66 bn through 31.7% rights issue will resume trading on Sunday (Sep. 1, 2019).
  • Adviser Islamic Bank (Al-Mustashar Islamic Bank) and Ebdaa Middle East General Contracting Company will be listed on non-regular market according to the ISC letter after fulfilling all required listing conditions.
  • Baghdad Hotel (HBAG) resumed trading on Aug. 29, after discussing and approving 2018 annual financial statements and deciding to distribute 50% cash dividend (IQD0.50 dividend per share, 5.7% dividend yield).
  • Trust International Islamic Bank (BTRU) resumed trading on Aug. 29, 2019 after electing 7 original and 7 alternative board members.
  • ISX suspended trading of Iraqi Islamic Bank (BIIB) starting Aug. 28, 2019 due to the AGM that will be held on Sep. 2, 2019 to discuss and approve 2018 annual financial statements.
  • Erbil Bank for Investment and Finance (BERI) resumed trading on Aug. 25, 2019 due to disclosing 3M19 financial statements.
  • Cross transaction: 250 mn shares of Cihan Bank for Islamic and Finance (BCIH) on Aug. 25, 2019, which represents 0.1% of BCIH’s capital.