Iraq Stock Market Report

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th August 2023).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	7,731.0	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	5.9	# of Traded Companies	60
Traded Shares (mn)/d	9,425	# of Companies (Up)	20
Total Trades (#/d)	5,342	# of Companies (Down)	25
ISX Mcap (IQD bn)	17,347	# of Companies (Not changed)	15
ISX Mcap ($ mn)	13,142	# of Comp. Suspended from Trading (GA)	1
Market FX Rate/ CBI Auction Price (IQD/$)*	1320/ 1310	# of Comp. Suspended from Trading (ISC)	5

*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)
Investment Bank of Iraq	BIBI	0.450	45.2%	60.7%
Gulf Commercial Bank	BGUC	0.210	31.3%	31.3%
Ashur International Bank	BASH	0.530	26.2%	51.4%
Iraqi Middle East Investment Bank	BIME	0.150	25.0%	7.1%
Commercial Bank of Iraq	BCOI	0.870	17.6%	74.0%

Top 5 Losers – Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Al-Ataa Islamic Bank (NR)	BLAD	0.130	-23.5%	-43.5%
AL-Kindi of Veterinary Vac.	IKLV	1.300	-15.0%	-7.1%
Al Taif Islamic Bank	BTIB	0.750	-14.8%	-25.0%
AHliya For Insurance (NR)	NAHF	0.350	-12.5%	-12.5%
Iraqi Date Processing & Marketing	IIDP	1.000	-8.3%	2.0%

Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($’000)/d	Share in Total Trad. Vol.(%)
Iraqi for Seed Production	AISP	1,432.5	1,085.2	18.5%
Bank of Baghdad	BBOB	1,169.5	886.0	15.1%
Baghdad Soft Drinks	IBSD	823.7	624.0	10.7%
Commercial Bank of Iraq	BCOI	662.2	501.7	8.6%
Credit Bank of Iraq (NR)	BROI	660.6	500.4	8.5%

Distribution of No. of Weekly Trades and Trading Vol. by Sectors
Sector	No.of Trades/w	Trading Vol. (IQD mn)/w	Trading Vol. (‘000 $)/w	Share in Total Trading Vol. (%)
Banking	3,101	3,922.7	2,971.7	50.7%
Agriculture	738	1,447.9	1,096.9	18.7%
Industry	960	1,157.3	876.8	15.0%
Telecom	232	565.6	428.5	7.3%
Hotels&Tourism	92	447.8	339.3	5.8%
Services	214	189.5	143.5	2.5%
Investment	4	0.2	0.2	0.0%
Insurance	1	0.0	0.0	0.0%
Grand Total	5,342	7,731.0	5,856.8	100.0%

ISX Company Announcements

Babil Animal & Vegetable Production (ABAP) opened for trading in the regular market on Aug. 15. The opening price will be free in the first trading session.
Investment Bank of Iraq (BIBI) fulfilled ISX’s request to explain why the prices touched the higher limit on Aug. 13 and Aug. 14. The company disclosed that there were no fundamental events or new matters that affected the price of the shares.

Stocks that resumed / will resume trading:

Original shares of Al-Ameen Estate Investment (SAEI) resumed trading on Aug. 14 after holding its AGM on Aug. 9 in which they discussed and approved approve 2022 annual financial statements and increasing the paid-in capital to IQD13.0 bn through 86.8% bonus issue.
Modern Construction Materials Industry (IMCM) resumed trading on Aug. 13 after holding its AGM on Aug. 3 in which they discussed and approved electing four original and four alternative board members.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Al-Mansour Pharmaceuticals Industries (IMAP) starting Aug. 16 due to the AGM that will be held on Aug. 21 to discuss and approve 2022 annual financial statements.

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