Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th July 2019).

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

The RSISX index ended the week at IQD646 (-0.1%) / $695 (-0.1%) (weekly change) (-2.0% and -2.1% YTD change, respectively). The number of week traded shares was 2.2 bn and the weekly trading volume was IQD1.3 bn ($1.1 mn).

ISX Company Announcements

  • ISX will suspend trading of AL-Nukhba for General Construction (SNUC) starting Jul. 30, 2019 due to the AGM that will be held on Aug. 4, 2019 to discuss and approve 2018 annual financial results.
  • Original shares of Iraqi for Seed Production (AISP) resumed trading on Jul. 18, 2019 after discussing and approving 2018 annual financial results, increasing the capital from IQD10.50 bn to IQD13.65 bn through 30% bonus issue and deciding to distribute 20% cash dividend (IQD0.20 dividend per share, 3.1% dividend yield).
  • Mamoura Real-estate Investment (SMRI) resumed trading on Jul. 18, 2019 after discussing and approving 2018 annual financial results and deciding to distribute 5% cash dividend (IQD0.05 dividend per share, 2.8% dividend yield).
  • International Development Bank for Investment (BIDB) resumed trading on Jul. 18, 2019 after discussing and approving 2018 annual financial results.
  • Original shares of Al-Ameen Insurance (NAME) resumed trading on Jul. 16, 2019 after discussing and approving 2018 annual financial results and increasing the capital from IQD3.8 bn to IQD5.0 bn through 30.9% rights issue. The company closed the day at IQD0.37 per share, down by 27.5%.
  • Palestine Hotel (HPAL) resumed trading on Jul. 17, 2019 after discussing and approving 2017 annual financial results.
  • ISX suspended trading Bank of Baghdad (BBOB) starting on Jul. 16, 2019 due to the AGM that will be held on Jul. 20, 2019 to discuss and approve 2018 annual financial results.
  • Gulf Insurance and Reinsurance (NGIR) resumed trading on Jul. 15, 2019 due to fulfilling ISC’s request to provide 3M19 financial results.
  • ISX suspended trading of Al-Mosul for Funfairs (SMOF) starting Jul. 15, 2019 due to the AGM that would be held on Jul. 18, 2019 to discuss and approve 2018 annual financial results.
  • Credit Bank of Iraq (BROI) decided to distribute 2% cash dividend (IQD0.02 cash dividend per share, 5.1% dividend yield) in its AGM that was held on Jul. 13, 2019.

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th July 2019).

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

The RSISX index ended the week at IQD642 (-3.0%) / $690 (-3.0%) (weekly change) (-2.6% and -2.8% YTD change, respectively). The number of week traded shares was 51.8 bn and the weekly trading volume was IQD19.9 bn ($16.5 mn).

ISX Company Announcements

  • In accordance with the duties of the Central Bank of Iraq (CBI) provided for in its law and in order to ensure the stability of the banking sector and increase trust in it, the CBI announced the approval of the company registration department in the Ministry of Commerce to establish the Iraqi Deposit Guarantee Company. The Iraqi Deposit Guarantee Company was established with the participation of 42 banks, including 6 government banks, 21 private Iraqi banks, 15 Arab and foreign banks, the National Insurance Company and the State Pension Fund, with a capital of IQD100 bn. (CBI)
  • ISX will suspend trading of Gulf Commercial Bank (BGUC) starting Jul. 23, 2019 due to the AGM that will be held on Jul. 27, 2019 to discuss and approve 2018 annual financial results.
  • ISX will suspend trading of National Company for Tourism Investment (HNTI) starting Jul. 22, 2019 due to the AGM that will be held on Jul. 25, 2019 to discuss and approve 2018 annual financial results.
  • ISX will suspend trading of Mamoura Realestate Investment (SMRI) starting Jul. 9, 2019 due to the AGM that will be held on Jul. 17, 2019 to discuss and approve 2018 annual financial results.
  • ISX will suspend trading of Credit Bank of Iraq (BROI) starting Jul. 9, 2019 due to the AGM that will be held on Jul. 13, 2019 to discuss and approve 2018 annual financial results.
  • ISX suspended trading of Al-Ameen Insurance (NAME) on Jul. 4, 2019 due to the AGM that will be held on Jul. 9, 2019 to discuss and approve 2018 annual financial results.
  • The Light Industries (ITLI) held 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.
  • National Bank of Iraq (BNOI) resumed trading on Jul. 2, 2019 after discussing and approving 2018 annual financial results.
  • Al Taif Islamic Bank for Investment & Finance (BTIB) started trading on non-regular market on Jul. 2, 2019. The opening price will be free for the first three sessions, and then will have +/-20% price change limit.

Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th June 2019).

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

The RSISX index ended the week at IQD662 (+0.04%) / $762 (+0.04%) (weekly change) (+0.4% and +0.2% YTD change, respectively). The number of week traded shares was 22.2 bn and the weekly trading volume was IQD35.9 bn ($29.7 mn).

ISX Company Announcements

  • The Central Bank of Iraq (CBI) announced the start of the establishment of the Takaful Insurance Company for Islamic banks in cooperation with the Board of Insurance with a capital of IQD15 bn with the participation of all Islamic banks. The Takaful Insurance Company represents the second strategic objective of the comprehensive strategic plan of the bank in the development of Islamic banking industry and transactions, (2016-2020). (CBI)
  • Asiacell (TASC) announced on Jun. 26, 2019 that the shares of Farouq Mustafa Rasool, chairman of the BoDs has increased to 24.3% of the company’s capital.
  • Al-Qabedh Islamic Bank for Finance & Investment (BQAB) resumed trading on Jun. 27, 2019 due to disclosing its 2017 annual financial results.
  • National Company for Tourism Investment (HNTI) invited its shareholders on Jun. 27, 2019 to visit the company’s headquarter to receive their 2017 cash dividends.
  • Al Taif Islamic Bank for Investment & Finance (BTIB) will start trading in the non-regular market on Jul. 2, 2019. The opening price will be free for the first three sessions, and then will have +/-20% price change limit.
  • ISX will suspend trading Bank of Baghdad (BBOB) starting Jul. 16, 2019 due to the AGM* that will be held on Jul. 20, 2019 to discuss and approve 2018 annual financial results.
  • ISX will suspend trading of Al-Mosul for Funfairs (SMOF) starting Jul. 14, 2019 due to the AGM* that will be held on Jul. 18, 2019 to discuss and approve 2018 annual financial results.
  • ISX will suspend trading of Iraqi for Seed Production (AISP) starting Jul. 8, 2019 due to the AGM* that will be held on Jul. 11, 2019 to discuss and approve 2018 annual results and increasing its capital through 20% bonus issue.
  • ISX will suspend trading of Al-Ameen Insurance (NAME) starting Jul. 4, 2019 due to the AGM* that will be held on Jul. 9, 2019 to discuss and approve 2018 annual financial results.
  • ISX will suspend trading of International Development Bank for Investment (BIDB) starting Jul. 3, 2019 due to the AGM* that will be held on Jul. 8, 2019 to discuss and approve 2018 annual financial results.
  • Iraqi for Tufted Carpets (IITC) resumed trading on Jun. 24, 2019 after discussing and approving 2018 annual financial results and deciding to distribute 60% cash dividend (IQD0.60 cash dividend per share, 7.4% dividend yield).
  • ISX suspended trading of Palestine Hotel (HPAL) starting Jun. 23, 2019 due to the AGM* that was held on Jun. 26, 2019 to discuss and approve 2017 annual financial results.
  • ISX requested National Bank of Iraq (BNOI) to provide its AGM* minutes which was held on Jun. 19.

Advertising Feature

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.

Advertising Feature

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.

Advertising Feature

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.

Advertising Feature

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.

Advertising Feature

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.

Advertising Feature

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.

Advertising Feature

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.