Iraq Stock Market Report

2023-05-04 09:00:13

(MENAFN- Iraq Business News) Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th May 2023).

Please click here to view a table of listed companie s and their associated ticker codes.

RSISX Index Return
RS ISX Index	Closings	Change (w/w) (%)	Change (YTD) (%)
RSISX IQD Index	1,049.2	-2.6%	15.3%
RSISX USD Index	1,031.6	-2.6%	33.2%

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	12,848	# of Listed Companies on the ISX	102
Trading Vol. ($ mn)/d	9.7	# of Traded Companies	46
Traded Shares (mn)/d	5,537	# of Companies (Up)	30
Total Trades (#/d)	2,045	# of Companies (Down)	4
ISX Mcap (IQD bn)	16,562	# of Companies (Not changed)	12
ISX Mcap ($ mn)	12,547	# of Comp. Suspended from Trading (GA)	2
Market FX Rate/ CBI Auction Price (IQD/$)*	1320/ 1310	# of Comp. Suspended from Trading (ISC)	2

*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary

**Selling price of the dollar by the CBI to the banks

Top 5 Gainers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Al-Ameen for Insurance	NAME	0.520	13.0%	8.3%
Al Taif Islamic Bank	BTIB	0.850	9.0%	-15.0%
Sumer Commercial Bank	BSUC	0.180	5.9%	-5.3%
Iraqi For Tufted Carpets	IITC	15.500	3.3%	5.1%
-	-	-	-	-

Top 5 Losers
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
United Bank (UCM)	BUND	0.060	-14.3%	0.0%
Babylon Bank (UCM)	BBAY	0.070	-12.5%	0.0%
Union Bank	BUOI	0.290	-12.1%	45.0%
Iraqi Land Transport (UCM)	SILT	1.790	-9.1%	-4.3%
Palestine Hotel (UCM)	HPAL	15.250	-8.7%	7.4%

Top 5 Active by Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($'000)/d	Share in Total Trad. Vol.(%)
Bank of Baghdad	BBOB	10,746.8	8,141.5	83.6%
Al-Mansour Pharmaceutical Ind.	IMAP	818.3	619.9	6.4%
Baghdad Soft Drinks	IBSD	342.4	259.4	2.7%
Asiacell Communications PJSC	TASC	339.6	257.3	2.6%
Iraqi for Seed Production	AISP	202.0	153.0	1.6%

Sector	No.of Trades/w	Trading Vol. (IQD mn)/w	Trading Vol. ('000 $)/w	Share in Total Trading Vol. (%)
Banking	639	10,877.9	8,240.8	84.7%
Industry	807	1,253.2	949.4	9.8%
Telecom	166	339.9	257.5	2.6%
Agriculture	199	207.6	157.2	1.6%
Services	152	97.4	73.8	0.8%
Hotels&Tourism	81	71.7	54.3	0.6%
Insurance	1	0.3	0.2	0.0%
Investment	0	0.0	0.0	0.0%
Grand Total	2,045	12,848.0	9,733.3	100.0%

ISX Company Announcements

A cross transaction occurred on 4.1 bn shares of Bank of Baghdad (BBOB) on May 3, valued at IQD9.6 bn and corresponding to 1.6% of BBOB's capital.
According to the letter published by the ISC on Apr. 27, Dar Es-Salam Investment Bank (BDSI) was delisted from the ISX on May 3, 2023, due to its bankruptcy.
Kurdistan International Islamic Bank (BKUI) was moved from the Undisclosed Capital Market to the regular market on May 2 because of disclosing 2021 annual financial statements.
Subscription period on the capital increase of Ameen Al-Iraq Bank for Islamic Investment (BAME) through 12.4% rights issue to IQD250 bn ended on Apr. 25. BAME has requested an additional extension period of four months to resume its new shares for the purpose of completing the subscription procedures.
Stocks that were suspended / will be suspended from trading:
- ISX will suspend trading of AL-Nukhba for General Construction (SNUC) on May 4 due to the AGM that will be held on May 9 to discuss and approve 2022 annual financial statements.

- ISX will suspend trading of Al-Ameen Insurance (NAME) starting May 22 due to the AGM that will be held on May 25 to discuss and approve 2022 annual financial statements, adopt the cumulative voting method, and elect five original and five alternative board members.
- ISX suspended trading of Economy Bank (BEFI) on May 2 due to the AGM that will be held on May 7 to discuss and approve 2022 annual financial statements.

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