Iraq Stock Market Report

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 9th January 2025).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d*	3,210.7	# of Comp. Listed on the ISX / # of Comp. on the OTC Market	104 / 8
Trading Vol. ($ mn)/d*	2.4	# of Traded Comp.	49
Traded Shares (mn)/d*	2,392	# of Companies (Up)	14
Total Trades (#/d)*	2,388	# of Companies (Down)	21
ISX Mcap (IQD bn)	22,863	# of Companies (Not changed)	14
ISX Mcap ($ mn)	17,320	# of Comp. Suspended from Trading (GA)	5
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)
Babil Animal & Vegetable Prod.	ABAP	28.750	15.0%	15.0%
Al-Ataa Islamic Bank (NRM)	BLAD	0.110	10.0%	10.0%
Ashur International Bank	BASH	0.320	6.7%	6.7%
Economy Bank	BEFI	0.340	6.3%	6.3%
AHliya For Insurance (NRM)	NAHF	0.850	6.3%	6.3%

Top 5 Losers – Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
United Bank (UCM)	BUND	0.050	-16.7%	-16.7%
Sumer Commercial Bank	BSUC	0.090	-10.0%	-10.0%
Dar Al-Salam for Insurance	NDSA	0.690	-8.0%	-8.0%
International Islamic Bank (NRM)	BINT	0.270	-6.9%	-6.9%
Ready Made Clothes	IRMC	3.400	-6.8%	-6.8%

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	655.3	496.5	20.7%
National Bank of Iraq	BNOI	450.3	341.1	14.2%
Baghdad Soft Drinks	IBSD	411.2	311.5	13.0%
Al-Mansour Bank	BMNS	328.7	249.0	10.4%
Asiacell Communications PJSC	TASC	278.7	211.2	8.8%

Distribution of No. of Weekly Trades and Trading Vol. by Sectors⁽¹⁾
Sector	No.of Trades/w	Trading Vol. (IQD mn)/w	Trading Vol. (‘000 $)/w	Share in Total Trading Vol. (%)
Banking	1,322	2,014.6	1,526.2	63.5%
Industry	516	561.6	425.4	17.7%
Telecom	171	282.5	214.0	8.9%
Agriculture	150	160.2	121.4	5.1%
Services	164	148.2	112.3	4.7%
Hotels&Tourism	9	2.6	2.0	0.1%
Insurance	9	1.0	0.8	0.0%
Investment	0	0.0	0.0	0.0%
Grand Total	2,341	3,170.7	2,402.1	100.0%

(1) Excluding OTC market

Iraq Stock Exchange

ISX approved the listing of the third issuance of the Enjaz bonds.
Al Taif Islamic Bank (BTIB) invited its shareholders to subscribe to 50.0 bn shares starting Jan. 19 from the capital increase to IQD300.0 bn through a 20.0% rights issue. The subscription period is no less than 30 days and no more than 60 days.

Stocks that resumed / will resume trading:

Modern Chemical Industries (IMCI) resumed trading on Jan. 7, 2025, after holding its AGM on Dec. 15, 2024, in which they discussed and approved 2023 annual financial statements.
Middle East Producing & Marketing – Fish (AMEF) resumed trading on Jan. 7, 2025, after holding its AGM on Dec. 9, 2024, in which they discussed and approved the ending Mar. 31, 2024, annual financial statements.
Original shares of Gulf Commercial Bank (BGUC) will resume trading on Jan. 12 after holding its AGM on Jan. 7 in which they discussed and approved increasing the paid-in capital from IQD300.0 bn to IQD350.0 bn through a 16.67% rights issue and electing seven original and seven alternative board members. The opening price will be IQD0.520 per share with a +/-50% price change limit.

Stocks that were suspended / will be suspended from trading:

ISX will suspend trading of Investment Bank of Iraq (BIBI) starting Jan. 14, 2025, due to the AGM that will be held on Jan. 17, 2025, to discuss and approve increasing the paid-in capital from IQD257.1 bn to IQD288.0 bn through a 11.998% bonus issue.
ISX will suspend trading of Al-Qabedh Islamic Bank (BQAB) starting Jan. 19, 2025, due to the AGM that will be held on Jan. 22, 2025, to discuss and approve 2023 annual financial statements.