Iraq Stock Market Report

2024-04-25 09:01:27

(MENAFN- Iraq Business News) Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 25th April 2024).

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

RSISX Index Change
RS ISX Index	Closings	Change (w/w) (%)	Change (YTD) (%)
RSISX IQD Index	1,857.0	5.1%	19.5%
RSISX USD Index	1,825.9	5.1%	19.5%

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	8,482.4	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	6.4	# of Traded Companies	66
Traded Shares (mn)/d	8,285	# of Companies (Up)	20
Total Trades (#/d)	4,469	# of Companies (Down)	26
ISX Mcap (IQD bn)	19,607	# of Companies (Not changed)	20
ISX Mcap ($ mn)	14,854	# of Comp. Suspended from Trading (GA)	3
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)
Iraqi Islamic Bank	BIIB	1.330	19.8%	92.8%
Dar Al-Salam for Insurance	NDSA	0.840	18.3%	20.0%
Iraqi Agricultural Products	AIRP	22.420	15.0%	6.8%
Bank of Baghdad	BBOB	4.420	14.5%	26.3%
Trans Iraq Bank for Invest. (NRM)	BTRI	0.740	13.8%	-40.8%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
International Islamic Bank (NRM)	BINT	0.440	-21.4%	-83.1%
Union Bank	BUOI	0.200	-20.0%	-31.0%
Baghdad for Packing Mat. (NRM)	IBPM	2.250	-19.6%	-55.0%
Al -Khazer for Construction M.	IKHC	2.500	-16.7%	56.3%
Modern Animal & Agr. Prod.	AMAP	0.510	-7.3%	34.2%

Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($'000)/d	Share in Total Trad. Vol.(%)
Bank of Baghdad	BBOB	2,175.3	1,647.9	25.6%
Asia Al Iraq Islamic Bank	BAIB	1,170.0	886.4	13.8%
National Bank of Iraq	BNOI	835.8	633.2	9.9%
Al-Mansour Bank	BMNS	775.2	587.2	9.1%
Iraqi Islamic Bank	BIIB	721.2	546.4	8.5%

Distribution of No. of Weekly Trades and Trading Vol. by Sectors
Sector	No Trades/w	Trading Vol. (IQD mn)/w	Trading Vol. ('000 $)/w	Share in Total Trading Vol. (%)
Banking	3,041	6,384.9	4,837.1	75.3%
Industry	530	902.8	684.0	10.6%
Agriculture	353	377.8	286.2	4.5%
Hotels&Tourism	113	338.0	256.1	4.0%
Telecom	172	261.1	197.8	3.1%
Services	230	176.5	133.7	2.1%
Insurance	21	41.0	31.1	0.5%
Investment	9	0.2	0.2	0.0%
Grand Total	4,469	8,482.4	6,426.1	100.0%

Iraq Stock Exchange

A cross transaction occurred on 1.3 bn shares of Asia Al Iraq Islamic Bank (BAIB) on Apr. 21, valued at IQD1.17 bn and corresponding to 0.5% of BAIB's capital.
The third issuance of "Emaar bonds" was launched for trading starting Apr. 21, 2024, on the bond platform. The price change will be 5% according to the table received from the CBI. The bonds will trade from 10:00 am till 12:00 pm.
Al-Mansour Bank (BMNS) has completed the legal procedures for the capital increase through a 16% rights issue and a 4% bonus issue to IQD300.0 bn.
Fitch Ratings has affirmed Trade Bank of Iraq's (TBI) Long-Term Issuer Default Rating (IDR) at 'CCC+', Short-Term IDR at 'C', and Government Support Rating (GSR) at 'ccc+'. Fitch has removed the Stable Outlook on TBI's Long-Term IDR, which was previously published in error. (FitchRatings)

Stocks that resumed / will resume trading:

Arabia Islamic Bank (BAAI) resumed trading on Apr. 25 after holding its Annual General Meeting (AGM) on Apr. 19 in which they discussed and approved cancelling the decision taken in the previous AGM (Oct. 6, 2023) related to increasing the paid-in capital from IQD250.0 bn to IQD300.0 bn through 20% rights issue.

Stocks that were suspended / will be suspended from trading:

ISX will suspend trading of Bank of Baghdad (BBOB) starting May 14 due to the AGM that will be held on May 18 to discuss and approve 2023 annual financial statements, dividend distribution, increasing the paid-in capital from IQD300.0 bn to IQD400.0 bn through 33.3% bonus issue, and an agreement with Jordan Kuwait Bank.
ISX will suspend trading of Al Masherq Al-Arabi Islamic Bank (BAMS) starting Apr. 29 due to the AGM that will be held on May 5 to discuss and approve 2023 annual financial statements and dividend distribution.
ISX will suspend trading of Iraqi Agricultural Products (AIRP) starting Apr. 30 due to the AGM that will be held on May 6 to discuss and approve 2021 & 2022 annual financial statements and dividend distribution.
ISX will suspend trading of Region Trade Bank (BRTB) starting May 5 due to the AGM that will be held on May 8 to discuss and approve 2023 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD300.0 bn to IQD350.0 bn through 16.7% bonus issue.
ISX will suspend trading of Iraqi Islamic Bank (BIIB) starting May 7 due to the AGM that will be held on May 11 to discuss and approve 2023 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD250.0 bn to IQD325.0 bn through 30.0% bonus issue.

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