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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 IQD639 (+0.1%) / $689 (+0.1%) (weekly change) (-3.0% and -3.0% YTD change, respectively). The number of week traded shares was 2.7 bn and the weekly trading volume was IQD2.2 bn ($1.8mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,345,205 on Sunday (Feb. 10, 2019). [Table: 2.3]
  • Zain Al-Iraq Islamic Bank for Investment (BZII) resumed trading on Feb. 7, 2019 after electing 7 members of board of directors in its GA that was held on Feb. 4, 2019.
  • Iraqi Engineering Works (IIEW) resumed trading on Feb. 7, 2019 after discussing and approving 2017 annual financial results.
  • Gulf Commercial Bank (BGUC) announced on Feb. 4, 2019 that it will start distributing 3% cash dividend (IQD0.03 dividend per share) starting Feb. 6, 2019.
  • According to ISC decision, Al-Mosul for Funfairs (SMOF) was transferred from the non-regular market to the regular market starting Feb. 3, 2019 due to providing all required conditions.
  • Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa, Eastern Europe, and Turkey, has signed a hotel management agreement with Al-Ibaa Company (the investor company of Babylon Hotel) to operate Babylon Hotel (HBAY) in Baghdad, a five-star hotel, starting February 1, 2019. Rotana will operate the city’s Babylon Hotel (HBAY) under its new brand name Babylon Rotana Baghdad. (Zawya)
  • Cross Transactions: 1.05 bn shares of International Islamic Bank (BINT) on Feb. 5, 2019.

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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 IQD639 (+0.1%) / $689 (+0.1%) (weekly change) (-3.0% and -3.0% YTD change, respectively). The number of week traded shares was 2.7 bn and the weekly trading volume was IQD2.2 bn ($1.8mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,345,205 on Sunday (Feb. 10, 2019). [Table: 2.3]
  • Zain Al-Iraq Islamic Bank for Investment (BZII) resumed trading on Feb. 7, 2019 after electing 7 members of board of directors in its GA that was held on Feb. 4, 2019.
  • Iraqi Engineering Works (IIEW) resumed trading on Feb. 7, 2019 after discussing and approving 2017 annual financial results.
  • Gulf Commercial Bank (BGUC) announced on Feb. 4, 2019 that it will start distributing 3% cash dividend (IQD0.03 dividend per share) starting Feb. 6, 2019.
  • According to ISC decision, Al-Mosul for Funfairs (SMOF) was transferred from the non-regular market to the regular market starting Feb. 3, 2019 due to providing all required conditions.
  • Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa, Eastern Europe, and Turkey, has signed a hotel management agreement with Al-Ibaa Company (the investor company of Babylon Hotel) to operate Babylon Hotel (HBAY) in Baghdad, a five-star hotel, starting February 1, 2019. Rotana will operate the city’s Babylon Hotel (HBAY) under its new brand name Babylon Rotana Baghdad. (Zawya)
  • Cross Transactions: 1.05 bn shares of International Islamic Bank (BINT) on Feb. 5, 2019.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 31st January 2019).

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

The RSISX index ended the week at IQD639 (-0.6%) / $688 (-0.6%) (weekly change) (-3.1% and -3.1% YTD change, respectively). The number of week traded shares was 29.9 bn and the weekly trading volume was IQD13.9bn ($11.0mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,337,534 on Sunday (Feb. 3, 2019). [Table: 2.3]
  • According to ISC decision, Al-Mosul for Funfairs (SMOF) will be transferred from the non-regular market to the regular market starting Feb. 3, 2019 due to providing all required conditions.
  • Tourist Village of Mosul dam (HTVM) will resume trading on Feb. 3, 2019 due to disclosing 2017 annual, and 6M18 and 9M18 financial results.
  • Babylon Hotel (HBAY) will resume trading on Feb. 3, due to disclosing its 2017 annual financial results.
  • ISX suspended trading of Iraqi Engineering Works (IIEW) starting Jan. 29, 2019 due to the AGM* that will be held on Feb. 3, 2019 to discuss and approve 2017 annual financial results.
  • ISX suspended trading of Al-Harir for Money Transfer (MTAH) starting Jan. 30, 2019 related with merging processes with Al-Ameen Al-Arabiya for Money Transfer.
  • ISX announced that Al-Qurtas Islamic Bank for Investment and Finance (BQUR) having a capital of IQD250bn paid-in capital, will start trading in the secondary market after depositing and activating 5% of the listed shares or after 21 days of depositing the company’s shares.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 24th January 2019).

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

The RSISX index ended the week at IQD643 (+0.1%) / $692 (+0.3%) (weekly change) (-2.5% and -2.5% YTD change, respectively). The number of week traded shares was 4.3 bn and the weekly trading volume was IQD3.1 bn ($2.6 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,329,863 on Sunday (Jan. 27, 2019). [Table: 2.3]
  • ISX will suspend trading of Iraqi Engineering Works (IIEW) starting Jan. 29, 2019 due to the AGM* that will be held on Feb. 3, 2019 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of Ahliya for Insurance (NAHF), Al-Ameen Insurance (NAME) and Gulf Insurance and Reinsurance (NGIR) starting Jan. 27, 2019 due to the decision issued by the Board of Insurance regarding the suspension of their licenses.
  • Al-Noor for Money Transfer Co. (MTNN) held its AGM* on Jan. 2, 2019 without informing the ISX, which caused the company to be transferred to the disciplinary committee. During the AGM, the company decided to merge with Al-Harth Al-Arabiya Company for money transfer (unlisted on the ISX) and change the companies’ activity to an Islamic bank and increase the capital from IQD90 bn to IQD100 bn. Therefore, ISX decided to suspend trading of Al-Noor for Money Transfer Co. (MTNN) starting today (Jan. 24, 2019) until the company completes the merging procedures.

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

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

The RSISX index ended the week at IQD642 (-4.4%) / $691 (-4.4%) (weekly change) (-2.5% and -2.7% YTD change, respectively). The number of week traded shares was 28.1 bn and the weekly trading volume was IQD10.2 bn ($8.4 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,322,192 on Sunday (Jan. 20, 2019). [Table: 2.3]
  • As part of the contribution to support the Iraqi economy, the Central Bank of Iraq (CBI) announced that through its IQD1.0 trln initiative given as a maximum amount for SME projects, it gave more than IQD33 bn during 2018. Since the start of the project in May 2015 until the end of 2018, IQD73 bn were given to projects, where the trade sector got 59%, services 25%, industrial 12% and agricultural sector 4%. The initiative includes 34 banks, 33 private banks and one state bank, while the loans for these projects ranged from IQD5 mn to IQD50 mn, it could reach IQD100 mn if it is approved by the Central Bank. (CBI)
  • Commercial Bank of Iraq (BCOI) resumed trading on Jan. 17, 2019 after discussing and approving 2017 annual financial results and deciding to distribute 3.5% cash dividend (7.3% dividend yield).
  • Ashur International Bank for Investment (BASH) resumed trading on Jan. 17, 2019 due to disclosing its 9M18 financials.
  • Bain Al-Nahrain Investment (VMES) resumed trading on Jan. 17, 2019 after discussing and approving 2017 annual financial results.
  • New shares of Al-Hamraa for Insurance (NHAM) from the capital increase from IQD5 bn to IQD7 bn through 40% bonus issue resumed trading on Jan. 16, 2019.
  • ISX requested Al Taif Islamic Bank to submit the required documents in order to start trading on the ISX as an Islamic bank.
  • Modern Animal & Agricultural Production (AMAP) was not suspended from trading on Jan. 14, 2019 because the company fulfilled ISX request to explain why the prices touched the higher limits on Jan. 8, Jan. 9, Jan. 10 and Jan. 13, 2019. The company disclosed that they started the legal procedures to own Soft Dairy Factory (Alban Al-Rfq) and the company also added that it started maintenance and adding new equipments in Halal Dairy Factory (Al-Halal) which will lead to increase production and quality of production.
  • Cross Transactions: 24.7 bn shares of Trust International Islamic Bank (BTRU) on Jan. 14, 2019, which represents 9.9% of BTRU 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 IQD672 (+2.2%) / $723 (+2.0%) (weekly change) (+2.0% and +1.8% YTD change, respectively). The number of week traded shares was 3.5 bn and the weekly trading volume was IQD1.3 bn ($1.1 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,314,321 on Sunday (Jan. 13, 2019). [Table: 1.9]
  • ISX will suspend trading of Ahliya for Insurance (NAHF) starting Jan. 16, 2019 due to the AGM* that will be held on Jan. 21, 2019 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of Bain Al-Nahrain Investment (VMES) starting Jan. 13, 2019 due to the AGM* that will be held on Jan. 16, 2019 to discuss and approve 2017 annual financial results.
  • ISX will suspend trading of the following companies on Jan. 13, 2019 due to not disclosing their 3M18 financial results: BASH, HISH, SKTA, HASH, IICM, ITLI, IELI, IMPI, IHFI, IMCM, IFCM, IKHC, SBAG, SIGT and VKHF.
  • Babylon Hotel (HBAY) invited its shareholders on Jan. 9, 2019 to receive their 2016 cash dividend. The company decided in its AGM on Nov. 19, 2017 to distribute 20% cash dividend (IQD0.20 dividend per share).
  • ISX suspended trading of Commercial Bank of Iraq (BCOI) starting Jan. 8, 2019 due to the AGM* that will be held on Jan. 13, 2019 to discuss and approve 2017 annual financial results.
  • Iraqi Agricultural Products and Marketing Meat (AIPM) resumed trading on Jan. 7, 2019 after discussing and approving 2017 annual financial results.
  • Dar Al-Salam for Insurance (NDSA) invited its shareholders to subscribe to 40% rights issue to reach IQD7 bn paid-in capital.

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

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

Note: ISX will be closed on Sunday (Jan. 6, 2019) due to the official holiday of Iraqi Army Day. The next trading session will be held on Monday (Jan. 7, 2019).

The RSISX index ended the week at IQD658 (-0.2%) / $709 (-0.2%) (weekly change) (-0.2% and -0.2% YTD change, respectively). The number of week traded shares was 1.4 bn and the weekly trading volume was IQD0.8 bn ($0.7 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) was IQD5,303,562 on Jan. 3, 2019. [Table: 2.3]
  • ISX will suspend trading of Bain Al-Nahrain Investment (VMES) starting Jan. 13, 2019 due to the AGM* that will be held on Jan. 16, 2019 to discuss and approve 2017 annual financial results.
  • Al -Hilal Industries (IHLI) will hold a GA on Jan. 9, 2019 to elect 5 board members and other 5 alternative members. The company has been suspended since Jul. 4, 2018 by an ISC decision for not disclosing 2017 annual financial results and 3M18 and 6M18 financial results.
  • Iraqi Agricultural Products and Marketing Meat (AIPM) will resume trading on Jan. 7, 2019 after discussing and approving 2017 annual financial results.
  • ISX will suspend trading of Ready-Made Clothes (IRMC) on Jan. 7, 2019 if the company fails to explain why the prices touched the lower limits on Jan. 2, 2019 and Jan. 3, 2019.
  • Iraqi Agricultural Products (AIRP) resumed trading on Jan. 3, 2019 after discussing and approving 2017 annual financial results and deciding to distribute 40% cash dividend (IQD0.40 dividend per share, 4.5% dividend yield).
  • National Chemical & Plastic Industries (INCP) resumed trading on Jan. 2, 2019 after discussing and approving 2017 annual financial results.
  • Al-Hamraa for Insurance (NHAM) completed its capital increase procedures from IQD5.0 bn to IQD7.0 bn through 40% bonus issue.

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

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

Note: ISX will be closed during December 25, 2018 – January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019.

The RSISX index ended the week at IQD659 (-1.5%) / $710 (-1.5%) (weekly change) (-18.7% and -15.0% YTD change, respectively). The number of week traded shares was 1.5 bn and the weekly trading volume was IQD0.9 bn ($0.7 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,293,699 on Wednesday (Jan. 2, 2019). [Table: 2.3]
  • Erbil Bank for Investment and Finance (BERI) will resume trading on Jan. 2, 2019 due to disclosing 6M18 financial results.
  • AL- Kindi of Veterinary Vaccines Drugs (IKLV) resumed trading on Dec. 23, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 3.1% dividend yield).
  • ISX suspended trading of Iraqi Agricultural Products (AIRP) starting Dec. 23, 2018 due to the AGM* that will be held on Dec. 27, 2018 to discuss and approve 2017 annual financial results.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 20th December 2018).

Note: ISX will be closed during December 26, 2018 – January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019.

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

The RSISX index ended the week at IQD669 (+0.1%) / $721 (-0.5%) (weekly change) (-17.5% and -13.7% YTD change, respectively). The number of week traded shares was 26.6 bn and the weekly trading volume was IQD10.7 bn ($8.9 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,291,507 on Sunday (Dec. 23, 2018). [Table: 2.3]
  • AL- Kindi of Veterinary Vaccines Drugs (IKLV) will resume trading on Dec. 23, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 3.1% dividend yield). The opening price will be IQD1.24 with +/-10% change.
  • ISX will suspend trading of Iraqi Agricultural Products (AIRP) starting Dec. 23, 2018 due to the AGM* that will be held on Dec. 27, 2018 to discuss and approve 2017 annual financial results.
  • ISX suspended 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.
  • Middle East Producing & Marketing Fish (AMEF) resumed trading on Dec. 18, 2018 after discussing and approving the financials of the year ending Mar. 31, 2018 and deciding to distribute 20% cash dividend (IQD0.2 dividend per share, 2.05% dividend yield).
  • ISX suspended 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.
  • Asiacell (TASC) announced that the company would start distributing 100% cash dividend (IQD1.00 dividend per share) starting Dec. 18, 2018.
  • Cross Transactions: 24.7 bn shares of Trust International Islamic Bank (BTRU) on Dec. 19, 2018, which represents 9.9% of BTRU capital.

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 13th December 2018).

Note: ISX will be closed during December 26, 2018 – January 1, 2019 due to the end-of-year closing operations. The next session will be held on Jan. 2, 2019.

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

The RSISX index ended the week at IQD668 (+2.2%) / $717 (+2.2%) (weekly change) (-17.6% and -14.2% YTD change, respectively). The number of week traded shares was 15.7 bn and the weekly trading volume was IQD7.8 bn ($6.4 mn).

ISX Company Announcements

  • According to the ISX announcement, the opening price of the IQD5.0 mn class bonds (CB125) will be IQD5,283,836 on Sunday (Dec. 16, 2018). [Table: 2.3]
  • ISX will suspend trading of Commercial Bank of Iraq (BCOI) starting Jan. 8, 2019 due to the AGM* that will be held on Jan. 13, 2019 to discuss and approve 2017 annual financial results.
  • Iraqi Land Transport (SILT) will hold a GA on Dec. 26, 2018 to discuss dismissal of the current board of directors and re-elect 5 original and 5 alternative members. The company has been suspended trading by an ISC decision since Aug. 6, 2017 for not disclosing 2016 and 2017 annual financial results and 3M18 financial results.
  • ISX will suspend trading of Iraqi Agricultural Products (AIRP) starting Dec. 23, 2018 due to the AGM* that will be held on Dec. 27, 2018 to discuss and approve 2017 annual financial results.
  • Mansour Hotel (HMAN) resumed trading on Dec. 13 after discussing and approving 2017 annual financial results and deciding to distribute 15% cash dividends (IQD0.15 dividend per share, 1.3% dividend yield).
  • Al-Mosul for Funfairs (SMOF) resumed trading on Dec. 12, 2018 after discussing and approving 2015, 2016 and 2017 annual financial results.
  • The Light Industries (ITLI) will hold an AGM* on Dec. 27, 2018 to discuss and approve 2014, 2015 and 2016 annual financial results. The company has been suspended since Jul. 13, 2016.
  • National Islamic Bank (BNAI) resumed trading on Dec. 11, 2018 after discussing and approving 2017 annual financial results and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 3.8% dividend yield).
  • Cross Transactions: 294.7 mn shares of Asia Al Iraq Islamic Bank (BAIB) on Dec. 13, 2018, which represents 0.3% of BAIB capital. 11.03 bn shares of Iraqi Islamic Bank (BIIB) on Dec. 12, 2018, which represents 4.4% of BIIB capital. 592 mn shares of Al-Nobles for Money Transfer (MTNO) on Dec. 11, 2018, which represents 1.3% of MTNO capital.