Iraq Stock Market Report

2024-07-13 10:13:16

(MENAFN- Iraq Business News) Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 11th July 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	1,775.8	3.3%	14.3%
RSISX USD Index	1,746.1	3.3%	14.3%

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	3,349.5	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	2.5	# of Traded Companies	54
Traded Shares (mn)/d	3,304	# of Companies (Up)	13
Total Trades (#/d)	2,227	# of Companies (Down)	25
ISX Mcap (IQD bn)	19,650	# of Companies (Not changed)	16
ISX Mcap ($ mn)	14,886	# of Comp. Suspended from Trading (GA)	5
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 Estate Inv. (NRM)	SAEI	2.800	19.1%	-44.0%
Iraqi for Seed Production	AISP	9.600	17.4%	-8.0%
Mamoura Real-estate Inv.	SMRI	6.650	11.6%	-21.6%
Iraqi Islamic Bank	BIIB	1.160	7.4%	118.9%
Baghdad Soft Drinks	IBSD	4.300	6.2%	10.8%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Trans Iraq Bank for Invest. (NRM)	BTRI	0.640	-8.6%	-48.8%
National Company for Tourism Inv.	HNTI	11.500	-7.4%	5.8%
Iraq Noor Islamic Bank (NRM)	BINI	0.940	-5.1%	-29.9%
AL-Kindi of Veterinary Vac.	IKLV	1.600	-4.2%	0.0%
AL-Badia for General Trans. (UCM)	SBAG	0.580	-3.3%	0.0%

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	740.9	561.3	22.1%
Al-Mansour Bank	BMNS	399.1	302.4	11.9%
Gulf Commercial Bank	BGUC	393.5	298.1	11.7%
Iraqi for Seed Production	AISP	370.1	280.3	11.0%
Baghdad Soft Drinks	IBSD	311.3	235.8	9.3%

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	1,243	2,037.2	1,543.3	60.8%
Industry	375	489.6	370.9	14.6%
Agriculture	316	376.1	284.9	11.2%
Telecom	169	301.4	228.3	9.0%
Services	74	99.4	75.3	3.0%
Hotels&Tourism	44	42.1	31.9	1.3%
Investment	4	2.1	1.6	0.1%
Insurance	2	1.6	1.2	0.0%
Grand Total	2,227	3,349.5	2,537.5	100.0%

Iraq Stock Exchange

In a significant move to bolster Iraq's entrepreneurial sector, the U.S. International Development Finance Corporation (DFC) and the US Agency for International Development (USAID) have announced a $50 mn loan to the National Bank of Iraq (BNOI). This historic agreement, DFC's first loan to an Iraqi commercial bank, aims to expand financing opportunities for Iraqi entrepreneurs nationwide. (Bas News)
Al-Mansour Bank (BMNS) invited its shareholders to subscribe to 15.0 bn shares starting Jul. 9 from the capital increase to IQD351.0 bn through a 5.0% rights and %12.0 bonus issue. The subscription period is no less than 30 days and no more than 60 days.
Credit Bank of Iraq (BROI) invited its shareholders to subscribe to 57.0 bn shares starting Jul. 14 from the capital increase to IQD325.0 bn through a 22.8% rights issue and 7.2% bonus issue. The subscription period is no less than 30 days and no more than 60 days.
ISX requested International Development Bank (BIDB), AHliya For Insurance (NAHF), and Ibdaa Al-Sharq Al-Awsat General Contract (SIBD) to provide their AGM minutes for the purpose of returning the companies to trading.

Stocks that resumed / will resume trading:

Tourist Village of Mosul Dam (HTVM) resumed trading on Jul. 8 after holding its AGM on Jun. 28 in which they discussed and approved 2023 annual financial statements.
Region Trade Bank (BRTB) resumed trading on Jul. 9 after holding its AGM on Jul. 4 in which they discussed and approved electing seven original and seven alternative board members.
Gulf Insurance and Reinsurance (NGIR) resumed trading on Jul. 9 after holding its AGM on Jun. 30 in which they discussed and approved electing five original and five alternative board members.
AL- Kindi of Veterinary Vaccines Drugs (IKLV) resumed trading on Jul. 11 after holding its AGM on Jul. 3 in which they discussed and approved electing five original and five alternative board members, and postponed the selling of the company's headquarters land and purchasing an alternative site.
Original shares of AHliya For Insurance (NAHF) will resume trading on Jul. 14 after holding its AGM on Jul. 2 in which they discussed and approved 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. The opening price will be IQD0.680 per share with a +/-50% price change limit.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Iraqi for Tufted Carpets (IITC) starting Jul. 9 due to the AGM that will be held on Jul. 14 to discuss and approve 2023 annual financial statements and dividend distribution.
ISX will suspend trading of Al-Hamraa for Insurance (NHAM) starting Jul. 21 due to the AGM that will be held on Jul. 24 to discuss and approve 2022 annual financial statements and electing five original and five alternative board members.
ISX will suspend trading of Trans Iraq Bank (BTRI) starting Jul. 24 due to the AGM that will be held on Jul. 29 to discuss and approve 2023 annual financial statements and dividend distribution.
ISX will suspend trading of AHliya For Insurance (NAHF) starting Aug. 26 due to the AGM that will be held on Aug. 29 to discuss and approve 2023 annual financial statements and dividend distribution.
ISX suspended trading of the following companies in accordance with an ISC decision due to not disclosing their 3M24 financial statements: NGIR, AMAP, ABAP, BZII, and BAME. ISX sent a "warning" for the following companies to submit their 3M24 financial statements and state their position within a period of (5 working days): HISH, IMCM, ITLI, SILT, SBAG, SIGT, BNOR, VKHF, and VBAT.

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