Iraq Stock Market Report

(MENAFN- Iraq Business News) Advertising Feature

Note: ISX will be closed starting from Jun. 16, 2024 (Sunday) to Jun. 20, 2024 (Thursday) due to the religious holiday of Eid Al-Adha. The next trading session will be held on Jun. 23, 2024 (Sunday).

Rabee Securities Iraq stock exchange (ISX) market report (trading week ending: 13th June 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 1,798.4 2.3% 15.7%
RSISX USD Index 1,768.4 2.3% 15.7%
ISX Market Summary of This Week
Trading Vol. (IQD mn)/d 22,923.0 # of Listed Companies on the ISX 103
Trading Vol. ($ mn)/d 17.4 # of Traded Companies 66
Traded Shares (mn)/d 22,554 # of Companies (Up) 21
Total Trades (#/d) 2,768 # of Companies (Down) 21
ISX Mcap (IQD bn) 19,951 # of Companies (Not changed) 24
ISX Mcap ($ mn) 15,114 # of Comp. Suspended from Trading (GA) 5
Market FX Rate*/
CBI Auction Price (IQD/$)**

/ 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)
United Bank BUND 0.090 12.5% 12.5%
Al Taif Islamic Bank BTIB 0.750 10.3% -11.8%
Elaf Islamic Bank BELF 0.440 10.0% -20.0%
Iraqi for Carton Man. (UCM) IICM 1.380 9.5% 32.7%
Ready Made Clothes IRMC 3.610 9.1% -19.2%
Top 5 Losers - Weekly
Company Names ISX Code Closing Price(IQD) Price Change (w/w) Price Chg. (YTD)
Iraqi Middle East Investment Bank BIME 0.100 -16.7% -16.7%
Dar Al-Salam for Insurance NDSA 0.750 -10.7% 7.1%
Sumer Commercial Bank BSUC 0.090 -10.0% -30.8%
Modern Sewing IMOS 9.500 -9.4% -2.6%
Al -Khazer for Construction M. IKHC 2.100 -6.7% 31.3%
Top 5 Active by Weekly Trading Volume
Company Names ISX Code Trading Vol. (IQDmn)/d Trading Vol. ($'000)/d Share in Total Trad. Vol.(%)
Al Mustashar Islamic Bank (NRM) BMUI 16,970.2 12,856.2 74.0%
Bank of Baghdad BBOB 1,852.2 1,403.2 8.1%
Al-Mansour Bank BMNS 972.0 736.4 4.2%
Asiacell Communications PJSC TASC 437.3 331.3 1.9%
Economy Bank BEFI 384.8 291.5 1.7%
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 1,391 21,167.9 16,036.3 92.3%
Industry 444 806.5 611.0 3.5%
Telecom 288 439.4 332.9 1.9%
Agriculture 235 205.3 155.5 0.9%
Hotels&Tourism 224 160.3 121.5 0.7%
Services 168 139.4 105.6 0.6%
Insurance 12 3.9 3.0 0.0%
Investment 6 0.3 0.2 0.0%
Grand Total 2,768 22,923.0 17,365.9 100.0%

Weekly News from Iraq

  • Three cross transactions occurred on 17.0 bn shares of Al Mustashar Islamic Bank (BMUI) on Jun. 11, Jun. 12, and Jun. 13, valued at IQD17.0 bn and corresponding to 6.8% of BMUI's capital.
  • Bank of Baghdad (BBOB) has been chosen as the best private commercial bank in Iraq by International Finance for the year 2024.
  • The International Development Bank (BIDB) signed a partnership contract with the Kurdistan Regional Government to implement the "My Account" project. (INA)
  • The Iraqi Securities Commission (ISC), represented by the Chairman of the Commission, and the International Finance Corporation (IFC), represented by the Regional Director, signed, on Wednesday, a consultative cooperation agreement to implement the environmental and social governance project for joint-stock companies listed on the ISX in accordance with international standards.
  • ISX suspended the trading of the following bonds (Binaa Bond / 2nd issue / IQD1.0 mn (CB20)) starting on Jun. 11, 2024, due to the maturity of their semi-annual interest.
  • National Company for Tourism Investment (HNTI) invited its shareholders to receive their cash dividends for the fiscal year 2022 at its headquarters located in Baghdad. The company decided in its recent AGM (Apr. 21) to distribute IQD0.23 cash dividend per share, corresponding to a 2.1% dividend yield.
  • AL-Wiaam for Financial Investment (VWIF) invited its shareholders to subscribe to 3.0 bn shares starting Jun. 11 from the capital increase to IQD5.0 bn through a 150% rights issue. The subscription period is no less than 30 days and no more than 60 days.
  • According to the ISC decision on Jun. 3, the ISX transferred National Chemical & Plastic Industries (INCP) from the undisclosed capital market (UCM) to the regular market (RM) starting Jun. 9, 2024.
  • Region Trade Bank (BRTB) has completed the legal procedures for the capital increase through a 16.7% bonus issue to IQD350.0 bn.

Stocks that resumed / will resume trading:

  • Original shares of Cihan Bank for Islamic & Finance (BCIH) resumed trading on Jun. 12 after holding its AGM on Jun. 7 in which they discussed and approved increasing the paid-in capital from IQD305.0 bn to IQD355.0 bn through 16.4% rights issue.
  • Original shares of National Islamic Bank (BNAI) resumed trading on Jun. 13 after holding its AGM on Jun. 8 in which they discussed and approved 2023 annual financial statements, increasing the paid-in capital from IQD301.0 bn to IQD351.0 bn through 11.63% rights issue and 4.98% bonus issue. The bank postponed the elections of new board members.
  • Gulf Commercial Bank (BGUC) resumed trading on Jun. 13 after holding its AGM on Jun. 7 in which they discussed and approved 2023 annual financial statements.
  • New shares of Al Janoob Islamic Bank (BJAB) from the capital increase through a 104% rights issue to IQD510.0 bn will resume trading on Jun. 23.

Stocks that were suspended / will be suspended from trading:

  • ISX will suspend trading of AHliya For Insurance (NAHF) starting Jun. 27 due to the AGM that will be held on Jul. 2 to discuss and approve 2022 annual financial statements, increasing the paid-in capital from IQD7.0 bn to IQD15.0 bn through 114.3% rights issue, and electing five original and five alternative board members.


Iraq Business News

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