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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 6th December 2018).

Note: ISX will be closed on Monday (Dec. 10, 2018) due to the anniversary of the victory against ISIS. The next trading session will be on Tuesday (Dec. 11, 2018).

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

The RSISX index ended the week at IQD654 (+0.6%) / $701 (+0.1%) (weekly change) (-19.4% and -16.1% YTD change, respectively). The number of week traded shares was 3.9 bn and the weekly trading volume was IQD3.0 bn ($2.5 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,276,164 on Sunday (Dec. 9, 2018). (Table: 2.3)
  • ISX will suspend trading of Iraqi Agricultural Products and Marketing Meat (AIPM) starting Dec. 19, 2018 due to the AGM* that will be held on Dec. 24, 2018 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of National Chemical & Plastic Industries (INCP) starting Dec. 18, 2018 due to the AGM* that will be held on Dec. 23, 2018 to discuss and approve 2017 annual financial results.
  • Al-Ahlyia for Agricultural Production (AAHP) resumed trading on Dec. 5, 2018 after discussing and approving the financial results of the year ending Mar. 31, 2018 and deciding to distribute 2.55% cash dividends (IQD0.0255 cash dividend per share, 2.1% dividend yield).
  • ISX suspended trading of Al-Mosul for Funfairs (SMOF) starting Dec. 4, 2018 due to the AGM* that will be held on Dec. 9, 2018 to discuss and approve 2015, 2016 and 2017 annual financial results.
  • ISX suspended trading of National Islamic Bank (BNAI) starting Dec. 2, 2018 due to the AGM* that was held on Dec. 4, 2018 to discuss and approve 2017 annual financial results.
  • Baghdad Hotel (HBAG) announced that the company started to distribute 44% cash dividend (0.44% dividend per share) from 2017 profit starting Dec. 2, 2018.
  • Cross Transactions: 1.38 bn shares of Asia Al Iraq Islamic Bank for Investment (BAIB) on Dec. 3, Dec. 4 and Dec. 5, 2018, which represent 1.38% of BAIB capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 29th November 2018).

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

The RSISX index ended the week at IQD650 (-2.0%) / $697 (-2.0%) (weekly change) (-19.9% and -16.6% YTD change, respectively). The number of week traded shares was 3.7bn and the weekly trading volume was IQD2.5bn ($2.0mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,268,493 on Sunday (Dec. 2, 2018). (Table: 2.3)
  • ISX will suspend trading of AL-Kindi of Veterinary Vaccines Drugs (IKLV) starting Dec. 16, 2018 due to the AGM* that will be held on Dec. 19, to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of National Islamic Bank (BNAI) starting Dec. 2, 2018 due to the AGM* that will be held on Dec. 4, 2018 to discuss and approve 2017 annual financial results.
  • Asiacell (TASC) resumed trading on Nov. 29, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 100% cash dividend (IQD1.00 dividend per share, 12.0% dividend yield).
  • Al Janoob Islamic Bank (BJAB) resumed trading on Nov. 29, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 0.83% cash dividend (IQD0.0083 dividend per share).
  • ISX suspended trading of Mansour Hotel (HMAN) starting Nov. 28, 2018 due to the AGM* that will be held on Dec. 3, 2018 to discuss and approve 2017 annual financial results.
  • Elaf Islamic Bank (BELF) resumed trading on Nov. 27, 2018 after discussing and approving 2017 annual financial results.
  • ISX requested Metallic & Bicycles Industries (IMIB) to provide its AGM minutes for being able to resume trading on the ISX.
  • Cross Transactions: 920 mn shares of Asia Al Iraq Islamic Bank for Investment (BAIB) on Nov. 28 and Nov. 29, 2018, which represent 0.92% of BAIB capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 22nd November 2018).

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

The RSISX index ended the week at IQD663 (-0.14%) / $711 (-0.02%) (weekly change) (-18.3% and -14.9% YTD change, respectively). The number of week traded shares was 1.7bn and the weekly trading volume was IQD1.1bn ($0.9mn).

ISX Company Announcements

  • The second issued national bonds started trading on Nov. 21, 2018 on the ISX. 350 units of IQD5.0 mn class bonds (CB125) traded and thus total trading volume occurred at IQD1.83 bn. The opening price of the bond was IQD5.22 mn and the bond closed at a price of IQD5.23 mn. (Annual interest of the bond is 8.0% and the bond maturity date is Apr. 2, 2019.) [Table (2.3)]
  • According to ISX announcement, the opening price of the bond (CB125) will be IQD5.260.822 on Nov. 25.
  • ISX will suspend trading of Al-Mosul for Funfairs (SMOF) starting Dec. 4, 2018 due to the AGM* that will be held on Dec. 9, 2018 to discuss and approve 2015, 2016 and 2017 annual financial results.
  • ISX will suspend trading of Middle East Producing & Marketing Fish (AMEF) starting Dec. 2, 2018 due to the AGM* that will be held on Dec. 5 to discuss and approve the financials of the ending year Mar. 31, 2018.
  • ISX will suspend trading of Mansour Hotel (HMAN) starting Nov. 28, 2018 due to the AGM* that will be held on Dec. 3, 2018 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of Ready Made Clothes (IRMC) on Nov. 25, 2018 if the company fails to explain why the prices touched the higher limit on Nov. 21, 2018 and Nov. 22, 2018.
  • Kharkh Tour Amuzement City (SKTA) resumed trading on Nov. 22, 2018 after discussing and approving 2017 annual financial results.
  • ISX suspended trading of Asiacell (TASC) starting Nov. 21, 2018 due the AGM* that will be held on Nov. 26, 2018 to discuss and approve 2017 annual financial results.

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Note: ISX will be closed on Tuesday (Nov. 20, 2018) due to a religious holiday (Birth of the Prophet). The next trading session will be on Wednesday (Nov. 21, 2018).

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th November 2018).

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

The RSISX index ended the week at IQD664 (+1.6%) / $711 (+1.6%) (weekly change) (-18.1% and -14.9% YTD change, respectively). The number of week traded shares was 49.2 bn and the weekly trading volume was IQD18.3 bn ($15.1 mn).

ISX Company Announcements

  • ISX will suspend trading of Asiacell (TASC) starting Nov. 20, 2018 due the AGM* which will be held on Nov. 26, 2018 to discuss and approve 2017 annual financial results.
  • The national bonds owned by Al-Kindi of Veterinary Vaccines Drugs (IKLV) will start trading on the ISX on Nov. 18, 2018. The total number of the bonds that will start trading is 350 and each of them are from IQD5,000,000 category (ISX ticker: CBI25). Opening price for each bond will be IQD5,252,945 (IQD5,000,000 (price of the bond) + IQD252,945 (interest)) with +/-5% price change limit, and thus, the total value of the bonds that will start trading be IQD1,838,530,750 (350 X IQD5,252,945). Annual interest of the bond is 8% and the bond maturity date is Apr. 2, 2019.
  • Original shares of Dar Al-Salam for Insurance (NDSA) will resume trading on Nov. 18, 2018 after deciding to increase the capital from IQD5.0 bn to IQD7.0 bn through 40% rights issue. The opening price will be IQD0.64 with +/-50% price change limit for the first session and after that, price will be able to change with +/-20% limit per day.
  • Palastine Hotel (HPAL) will resume trading on Nov. 18  due to disclosing 2017 annual financial results.
  • The National Bank of Iraq (BNOI) signed a trade finance agreement on Tuesday with the International Finance Corporation (IFC), a member of the World Bank Group, to help the bank’s client businesses access global markets, boosting trade and spurring economic growth. In addition, a Memorandum of Understating (MOU) was also signed between the two parties whereby the IFC will provide NBI with support related to the field of Corporate Governance. (BNOI Website)
  • Baghdad Hotel (HBAG) resumed trading Nov. 13, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 44% cash dividend (0.44% dividend per share, 4.9% dividend yield).
  • Cross Transactions: 44.6 bn shares of Zain Al-Iraq Islamic Bank (BZII) on Nov. 14, 2018, which represents 17.8% of BZII capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 8th November 2018).

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

The RSISX index ended the week at IQD654 (-1.3%) / $700 (-1.3%) (weekly change) (-19.4% and -16.2% YTD change, respectively). The number of week traded shares was 32.8 bn and the weekly trading volume was IQD14.8 bn ($12.2 mn).

ISX Company Announcements

  • ISX will suspend trading of Al-Ahlyia for Agricultural Production (AAHP) starting Nov. 20, 2018 due to the AGM* which will be held on Nov. 27, 2018 to discuss and approve the financial results of the ending year Mar. 31, 2018.
  • Iraqi Carton Manufactories (IICM) will hold an AGM* on Nov. 15 to discuss and approve 2016 annual results. IICM has been suspended since Aug. 6, 2017 for not disclosing 2016 and 2017 annual financial results.
  • Iraqi Islamic Bank (BIIB) invited its shareholders to visit the company’s headquarter starting Nov. 11, 2018 to receive their cash dividend.
  • Ready Made Clothes (IRMC) resumed trading on Nov. 8, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 5% cash dividend (IQD0.05 dividend per share, 0.6% dividend yield) in its AGM which was held on Nov.5, 2018.
  • ISX suspended trading of Dar Al-Salam for Insurance (NDSA) starting Nov. 8 due to the AGM* which will be held on Nov. 13, 2018 to discuss increasing the capital from IQD5 bn to IQD7 bn through 40% rights issue.
  • Metallic & Bicycles Industries (IMIB) will hold a GA on Nov. 25, 2018 to discuss the company’s investment contracts as well as electing 4 new original and alternative board members. The company has been suspended from trading since Aug. 8, 2018 for not disclosing 2017 annual financial results.
  • Cross Transactions: 24.7 bn shares of Zain Al-Iraq Islamic Bank for Investment (BZII) on Nov. 6, 2018, which represents 9.9% of BZII capital. 3.7 bn shares of International Development Bank (BIDB) on Nov. 4, 2018, which represents 1.5% of BIDB capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 1st November 2018).

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

The RSISX index ended the week at IQD662 (+2.2%) / $709 (+2.2%) (weekly change) (-18.3% and -15.1% YTD change, respectively). The number of week traded shares was 4.5 bn and the weekly trading volume was IQD1.2 bn ($1.0 mn).

ISX Company Announcements

  • Dar Al-Salam for Insurance (NDSA) will hold a GA on Nov. 13, 2018 to discuss increasing the capital from IQD5 bn to IQD7 bn through rights issue. ISX will suspend trading of NDSA starting Nov. 8, 2018.
  • Ready Made Clothes (IRMC) will hold an AGM* on Nov. 5, 2018 to discuss and approve 2017 annual financial results. ISX suspended trading of IRMC starting Oct. 31, 2018.
  • National Chemical & Plastic Industries (INCP) resumed trading on Oct. 28, 2018 after disclosing 2017, 3M18 and 6M18 financial results.
  • Mosul Bank (BMFI) resumed trading on Oct. 28, 2018 after discussing and approving 2017 annual financial results and to distribute 0.4% cash dividend (IQD0.004 dividend per share, 2.7% dividend yield).
  • Asia Al Iraq Islamic Bank for Investment (BAIB) having a capital of IQD100 bn started trading on Oct. 28, 2018 after discussing and approving 2017 annual financial results.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th October 2018).

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

The RSISX index ended the week at IQD648 (+2.2%) / $694 (+2.4%) (weekly change) (-20.1% and -17.0% YTD change, respectively). The number of week traded shares was 9.1 bn and the weekly trading volume was IQD7.1 bn ($5.9 mn).

ISX Company Announcements

  • Tourist Village of Mosul Dam (HTVM) will hold an AGM* on Nov. 29, 2018 to discuss and approve 2013 and 2014 annual financial results. The company has been suspended from trading since Aug. 8, 2018 by an ISC decision.
  • Iraqi for Seed Production (AISP) will hold an AGM* on Nov. 22, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of AISP starting Nov. 19, 2018.
  • Kharkh Tour Amuzement City (SKTA) will hold an AGM* on Nov. 18, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of SKTA starting Nov. 13, 2018.
  • Al Janoob Islamic Bank for Investment and Finance (BJAB) will hold an AGM* on Nov. 14, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BJAB starting Nov. 11, 2018.
  • Elaf Islamic Bank (BELF) will hold an AGM* on Nov. 12, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BELF starting Nov. 7, 2018.
  • Investment Bank of Iraq (BIBI) will hold an AGM* on Nov. 8, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BIBI starting Nov. 5, 2018.
  • Baghdad Hotel (HBAG) will hold an AGM* on Nov. 7, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of HBAG starting Nov. 4, 2018.
  • Ready Made Clothes (IRMC) will hold an AGM* on Nov. 5, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of IRMC starting Oct. 31, 2018.
  • Mosul Bank (BMFI) will resume trading on Oct. 28, 2018 after discussing and approving 2017 annual financial results and to distribute 0.4% cash dividend (IQD0.004 dividend per share, 2.7% dividend yield). The opening price will be IQD0.15 with +/-10% change.
  • Asia Al Iraq Islamic Bank for Investment (BAIB), having a capital of IQD100 bn, will start trading on Oct. 28, 2018 after discussing and approving 2017 annual financial results. The opening price will be free for the first three sessions, and then will have +/-20% price change limit.
  • National Chemical & Plastic Industries (INCP) will resume trading on Oct. 28, 2018 due to disclosing 2017 annual financial results, 3M18 and 6M18 financial results.
  • Karbala Hotels (HKAR) started trading on Oct. 23, 2018 after completing the procedures of depositing the increased shares amounted at 2.5 bn shares after completing its capital increase procedures from IQD5.0 bn to IQD7.5 bn through 50% rights issue.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 18th October 2018).

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

The RSISX index ended the week at IQD634 (-3.8%) / $678 (-3.8%) (weekly change) (-21.6% and -18.9% YTD change, respectively). The number of week traded shares was 148.2 bn and the weekly trading volume was IQD55.5 bn ($45.7 mn).

ISX Company Announcements

  • Mosul Bank (BMFI) held an AGM* on Oct. 18, 2018 to discuss and approve 2017 annual financial results. ISX suspended trading of BMFI starting Oct. 15, 2018.
  • Iraqi Middle East Investment Bank (BIME) resumed trading on Oct. 15, 2018 due to disclosing 2017 annual financial results.
  • ISX requested AL-Sadeer Hotel (HSAD) to provide a subscription letter on the shares issued on Oct. 15, 2018 after the company’s decision to increase capital from IQD1.239 bn to IQD1.735 bn through 40% rights issue.
  • The Companies’ Registrar announced on Oct. 9, 2018 that the transfer process of the management center of Cihan Bank for Islamic & Finance (BCIH) from Baghdad to Erbil has been completed. The Companies’ Registrar requested a copy of the new adjusted contract.
  • Cross Transactions: 145.9 bn shares of Zain Al-Iraq Islamic Bank for Investment (BZII) (on Oct. 15 and Oct. 18, 2018) which represent 58.2% of BZII capital. 300 mn shares of Iraqi Agricultural Products Marketing Meat (AIPM) (on Oct. 17, 2018) which represents 6% of AIPM capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th October 2018).

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

The RSISX index ended the week at IQD676 (-3.5%) / $722 (-3.5%) (weekly change) (-16.7% and -13.6% YTD change, respectively). The number of week traded shares was 25.7 bn and the weekly trading volume was IQD8.1 bn ($6.6 mn).

ISX Company Announcements

  • Mosul Bank (BMFI) will hold an AGM* on Oct. 18, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of BMFI starting Oct. 15, 2018.
  • AL- Kindi of Veterinary Vaccines Drugs (IKLV) will resume trading on Oct. 7, 2018 due to disclosing its 2017 annual financial results.
  • The following companies will be suspended from trading by the ISC starting Oct. 7, for not disclosing annual and quarterly financial reports: BASH, BWOR, BERI, MTRA, IHLI, VKHF, ITLI, IELI, IMPI, SBAG, SIGT, HTVM, HISH, IICM, IMCM, IFCM and IKHC.
  • Gulf Commercial Bank (BGUC) resumed trading on Oct. 4, 2018 after discussing and approving 2017 annual financial results and to distribute 3% cash dividend (IQD0.03 dividend per share, 15.8% dividend yield).
  • Iraq Baghdad for General Transport (SBPT) will hold an AGM* on Oct. 7, 2018 to discuss and approve 2017 annual financial results. ISX suspended trading of SBPT starting Oct. 2, 2018.
  • Depositing the shares of Asia Al Iraq Islamic Bank for Investment and Finance (BAIB) started on Sep. 30, 2018. The bank has a capital of IQD100bn paid-in capital and has completed the listing procedures. BAIB will start trading after depositing and activating 5% of the listed shares or after 21 days of depositing the company’s shares, that is, Oct. 21, 2018.
  • Cross Transaction: 24.9 bn shares of Zain Al-Iraq Islamic Bank for Investment (BZII) on Oct. 4 2018, which represents 9.96% of BZII capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 27th Sept 2018).

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

The RSISX index ended the week at IQD700 (-0.8%) / $748 (-0.6%) (weekly change) (-13.7% and -10.5% YTD change, respectively). The number of week traded shares was 5.6 bn and the weekly trading volume was IQD3.3 bn ($2.7 mn).

ISX Company Announcements

  • The ISC invited the holders of the National Bonds / Second Issuers to deposit and register the bonds they hold in the IDC and to sell them during the period of the continuous session from 10 am to 12 pm until the maturity date on Apr. 2, 2019. The percentage change will be 5% within the upper and lower limits after the completion of all the procedures required in accordance with the instructions of government bonds.
  • The ISC sent a letter to Bank of Baghdad (BBOB) regarding the calculation of provisions in its 2017 annual report. ISC requested the bank to provide facts and procedures regarding calculating the provisions and whether or not they were calculated according to the accounting standards and the instructions of the CBI.
  • ISX requested Al-Janoob Islamic Bank (BJAB) to provide names of high authority members in the bank (BoDs and their representatives, the CEO, Finance Manager, as well as internal and external auditors).
  • Baghdad for Packing Materials (IBPM) will hold an AGM* on Oct. 11, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of IBPM starting Oct. 8, 2018.
  • Ishtar Hotel (HISH) will hold a GA on Oct. 3, 2018 to discuss the hotel’s investments. The company has been suspended from trading since Aug. 8, 2018 by an ISC decision for not disclosing 2017 annual financial results.
  • Gulf Insurance and Reinsurance (NGIR) will hold an AGM* on Oct. 3, 2018 to discuss and approve 2017 annual financial results. ISX will suspend trading of NGIR starting Sep. 30, 2018
  • Al-Zawraa for Financial Investment (VZAF) will resume trading on Sep. 30, 2018 after discussing and approving 2017 annual financial results.
  • ISX announced that Asia Al Iraq Islamic Bank for Investment and Finance (BAIB), having IQD100 bn paid-in capital, has completed the listing procedures. BAIB will start trading after depositing and activating 5% of the listed shares or after 21 days of depositing the company’s shares.
  • Baghdad Soft Drinks (IBSD) invited its shareholders to visit the company’s headquarter starting Oct. 15, 2018 to receive their cash dividends of 2017.
  • Cross Transactions: 510 mn shares of Cihan Bank for Islamic & Finance (BCIH) on Sep. 23 and Sep. 26, 2018, which represent 0.2% of BCIH capital.