Iraq Stock Market Report

2025-10-15 05:03:12

(MENAFN- Iraq Business News) Advertising Feature

Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 21st November 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	2,257.0	0.7%	45.2%
RSISX USD Index	2,219.2	0.7%	45.2%

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d*	13,313.1	# of Comp. Listed on the ISX / # of Comp. on the OTC Market	104 / 6
Trading Vol. ($ mn)/d*	10.1	# of Traded Comp. / OTC	60 / 2
Traded Shares (mn)/d*	74,249	# of Companies (Up)	19
Total Trades (#/d)*	3,188	# of Companies (Down)	29
ISX Mcap (IQD bn)	22,200	# of Companies (Not changed)	12
ISX Mcap ($ mn)	16,818	# of Comp. Suspended from Trading (GA)	9
Market FX Rate/ CBI Auction Price (IQD/$)*	1320 / 1310	# of Comp. Suspended from Trading (ISC)	7

* Including OTC market

** Selling price of the dollar by 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)
Rehab Karbala Company	HKAR	0.760	38.2%	-30.9%
Babil Animal & Vegetable Prod.	ABAP	6.910	32.1%	591.0%
Ashour Hotel (NRM)	HASH	24.500	16.7%	105.9%
Trans Iraq Bank for Invest. (NRM)	BTRI	0.820	15.5%	-34.4%
Modern Construction Mat. (UCM)	IMCM	0.690	15.0%	16.9%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Nat. Chem. & Plastic Ind. (UCM)	INCP	2.200	-9.5%	26.4%
Iraqi for General Transp. (UCM)	SIGT	0.840	-8.7%	-40.0%
Palestine Hotel (UCM)	HPAL	22.100	-3.9%	13.2%
Economy Bank	BEFI	0.260	-3.7%	-13.3%
Al-Mansour Pharmaceutical Ind.	IMAP	2.680	-3.6%	49.7%

Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($'000)/d	Share in Total Trad. Vol.(%)
Iraqi Middle East Investment Bank	BIME	5,498.8	4,165.8	41.6%
Al-Mashreq Al-Arabi Isl. Bank (NRM)	BAMS	1,551.0	1,175.0	11.7%
Bank of Baghdad	BBOB	1,264.6	958.0	9.6%
Al-Mansour Bank	BMNS	936.3	709.3	7.1%
National Bank of Iraq	BNOI	916.9	694.6	6.9%

Distribution of No. of Weekly Trades and Trading Vol. by Sectors⁽¹⁾
Sector	No Trades/w	Trading Vol. (IQD mn)/w	Trading Vol. ('000 $)/w	Share in Total Trading Vol. (%)
Banking	1,532	11,092.9	8,403.7	83.9%
Industry	841	908.3	688.1	6.9%
Agriculture	377	535.6	405.8	4.1%
Telecom	186	525.6	398.2	4.0%
Hotels&Tourism	94	104.6	79.2	0.8%
Services	89	56.5	42.8	0.4%
Insurance	4	0.9	0.6	0.0%
Investment	0	0.0	0.0	0.0%
Grand Total	3,123	13,224.3	10,018.4	100.0%

(1) Excluding OTC market

Iraq Stock Exchange

The Arab Monetary Fund (AMF)'s quarterly bulletin for the third quarter of 2024 reported that Arab financial markets achieved remarkable growth in trading volumes, with the total increasing by 47.46% to reach 328.92 bn shares where ISX topped this growth, outperforming other markets. The head of the Iraqi Securities Commission (ISC), Faisal Al-Haimus, praised this achievement, saying: "This exceptional growth in trading volumes reflects the development of the ISX as an attractive investment destination." (ISC)
Two cross transactions occurred on 68.6 bn shares of Iraqi Middle East Investment Bank (BIME) on Nov. 17 and Nov. 19, valued at IQD5.5 bn and corresponding to 27.5% of BIME's capital.
A cross transaction occurred on 1.7 bn shares of Al Masherq Al-Arabi Islamic Bank (BAMS) on Nov. 18 valued at IQD1.6 bn and corresponding to 0.7% of BAMS's capital.
Al Mal Islamic Investment Bank (BMAL) started trading in the Non-Regular Market (NRM) on Nov. 17. The opening price will be free for the first three sessions.
ISX will suspend trading of the second issuance of Emaar bonds starting on Nov. 24, 2024, due to the maturity of their semi-annual interest.
ISX requested Babil Animal & Vegetable Production (ABAP) to explain why the prices touched the higher limit on Nov. 17 and Nov. 19.

Stocks that resumed / will resume trading:

New shares of Commercial Islamic Bank of Iraq (BCOI) from the capital increase through a 17% bonus issue to IQD292.5 bn resumed trading on Nov. 17.
National Islamic Bank (BNAI) resumed trading on Nov. 17 after holding its AGM on Nov. 9 in which they discussed and approved electing seven original and seven alternative board members.
Original shares of Cihan Bank (BCIH) resumed trading on Nov. 19 after holding its AGM on Nov. 15 in which they discussed and approved 2023 annual financial statements and increasing the paid-in capital from IQD355.0 bn to IQD400.0 bn through a 6.8% rights issue and a 5.9% bonus issue.
Baghdad Hotel (HBAG) will resume trading on Nov. 24 after holding its AGM on Nov. 18 in which they discussed and approved 2023 annual financial statements and decided to distribute IQD0.5 cash dividend per share, corresponding to a 4.0% dividend yield. The opening price will be IQD12.050 per share.
Original shares of Al-Mosul for Funfairs (SMOF) will resume trading on Nov. 24 after holding its AGM on Nov. 16 in which they discussed and approved 2023 annual financial statements, increasing the paid-in capital from IQD1.650 bn to IQD1.815 bn through a 10.0% bonus issue, and electing four original and four alternative board members. The opening price will be IQD7.910 per share with a +/-50% price change limit.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Ibdaa Al-Sharq Al-Awsat General Contract (SIBD) starting Nov. 17 due to the AGM that will be held on Nov. 20 to discuss and approve 2023 annual financial statements and dividend distribution.
ISX suspended trading of AL-Nukhba for General Construction (SNUC) starting Nov. 17 due to the AGM that will be held on Nov. 24 to discuss and approve 2023 annual financial statements and electing new board members.
ISX suspended trading of Al-Ahlyia for Agricultural Production (AAHP) starting Nov. 18 due to the AGM that will be held on Nov. 25 to discuss and approve the ending year Mar. 31, 2024 financial statements.
ISX suspended trading of Asia Al Iraq Islamic Bank (BAIB) starting Nov. 19 due to the AGM that will be held on Nov. 26 to discuss and approve 2023 annual financial statements and dividend distribution.
ISX will suspend trading of Middle East Producing & Marketing - Fish (AMEF) starting Dec. 4 due to the AGM that will be held on Dec. 9 to discuss and approve the ending Mar. 31, 2024, annual financial statements.
ISX will suspend trading of International Islamic Bank (BINT) starting Dec. 8 due to the AGM that will be held on Dec. 12 to discuss and approve 2023 annual financial statements and dividend distribution.
ISX will suspend trading of Ashour Hotel (HASH) starting Dec. 17 due to the AGM that will be held on Dec. 20 to discuss and approve 2023 annual financial statements and electing five original and five alternative board members.

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