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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 16th January 2020).

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

The RSISX index ended the week at IQD654 (-2.3%) / $694 (-0.9%) (weekly change) (-0.8% and -1.0% YTD change, respectively). The number of week traded shares was 5.5 bn and the weekly trading volume was IQD6.3 bn ($5.2 mn).

ISX Company Announcements

  • Al Mustashar Islamic Bank for Investment & Finance (BMUI) with a capital of IQD100 bn, will start trading after depositing and activating 5% of the listed shares or after 21 days of depositing the company’s shares.
  • Ibdaa Al-Sharq Al-Awsat General Contracting & Investment (SIBD) with a capital of IQD3 bn, will start trading after depositing and activating 5% of the listed shares or after 21 days of depositing the company’s shares.
  • Region Trade Bank for Investment and Finance (BRTB) will resume trading on Jan. 19, 2020 due to fulfilling ISX request to provide its quarterly financial statements.
  • ISX requested Tourist Village of Mosul dam (HTVM) to provide its AGM minutes for its meeting held on Jan. 12, 2020.
  • Middle East Producing & Marketing – Fish (AMEF) resumed trading on Jan. 16, 2020 due to fulfilling ISX request to provide its annual and quarterly financial statements.
  • New shares of Asia Al Iraq Islamic Bank for Investment (BAIB) from the capital increase to IQD150 bn through 50% rights issue started trading on Jan. 15, 2020.
  • Al-Ameen Estate Investment (SAEI) invited its shareholders to receive their 2018 cash dividend starting Jan. 19. The company will distribute 3% (IQD0.03 dividend per share, 4% dividend yield).
  • ISX suspended trading of the following companies starting Jan. 12, 2020 due to not disclosing their 3M19 financial statements: BDSI, BRTB, HASH, IELI, IICM, IMCI, IMCM, IMPI, ITLI, MTNI, SBAG and VKHF.

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

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

Note: ISX will be closed during December 27, 2019 – January 1, 2020 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2020.

The RSISX index ended the week at IQD659 (+0.6%) / $701 (+0.6%) (weekly change) (-0.1% and -1.3% YTD change, respectively). The number of week traded shares was 22.7 bn and the weekly trading volume was IQD10,9 bn ($8.9 mn).

ISX Company Announcements

  • Al-Sadeer Hotel (HSAD) will hold an AGM on Dec. 29, 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.
  • Investment Bank of Iraq (BIBI) resumed trading on Dec. 26, 2019 after discussing and approving 2018 annual financial statements.
  • Iraqi for Tufted Carpets (IITC) resumed trading on Dec. 23, 2019 after electing 5 original and 5 alternative board members.
  • ISX suspended trading of Babylon Hotel (HBAY) starting Dec. 24, 2019 due to the AGM that will be held on Jan. 5, 2020 to discuss and approve 2017 and 2018 annual financial statements.
  • ISX suspended trading of Region Trade Bank for Invest. (BRTB) starting Dec. 22, 2019 due to the AGM that will be held on Dec. 26, 2019 to discuss and approve 2018 annual financial statements
  • Cross Transactions: 16.7 bn shares of Credit Bank (BROI) on Dec. 24, 2019, which represents 6.7% of BUND’s capital.

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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 IQD655 (-2.8%) / $697 (-2.8%) (weekly change) (-0.7% and -0.7% YTD change, respectively). The number of week traded shares was 9.0 bn and the weekly trading volume was IQD3.4 bn ($2.8 mn).

ISX Company Announcements

  • ISX will suspend trading of Tourist Village of Mosul Dam (HTVM) starting Jan. 6, 2020 due to the GA that will be held on Jan. 12, 2020 to elect 5 original and 5 alternative board members.
  • ISX will suspend trading of Region Trade Bank for Investment and Finance (BRTB) starting Dec. 22, 2019 due to the AGM that will be held on Dec. 26, 2019 to discuss and approve 2018 annual financial statements.
  • ISX will suspend trading of Babylon Hotel (HBAY) starting Dec. 24, 2019 due to the AGM that will be held on Jan. 5, 2020 to discuss and approve 2017 and 2018 annual financial statements.
  • Iraq Baghdad for General Transport (SBPT) resumed trading on Dec. 17, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 100% cash dividend (IQD1.00 dividend per share, 4.9% dividend yield).
  • Bain Al-Nahrain Investment (VMES) resumed trading on Dec. 17, 2019 after discussing and approving 2018 annual financial statements.
  • ISX suspended 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 suspended 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.
  • International Islamic Bank (BINT) announced that the bank has opened a new branch in the holy city of Karbala and is providing its Islamic banking services to its clients.
  • The Ministry of Trade requested Asia Al Iraq Islamic Bank for Investment (BAIB) to provide the amended articles four and five of the company’s establishing contract after completing procedures of increasing the capital from IQD100 bn to IQD150 bn and increasing the number of original and alternative board members from 5 to 7 members.
  • Cross Transactions: 5.0 bn shares of United Bank (BUND) on Dec. 18, 2019, which represents 1.7% of BUND’s capital.

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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.