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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 1st May 2025.
Please click here to view a table of listed companies and their associated ticker codes.
RSISX Index Change | |||
RSISX Index | Closings | Change (w/w) (%) | Change (YTD) (%) |
RSISX IQD Index | 2,322.8 | 1.1% | 3.3% |
RSISX USD Index | 2,284.0 | 1.1% | 3.3% |
ISX Market Summary of This Week | |||
Trading Vol. (IQD mn)/w* | 5,661.7 | # of Comp. Listed on the ISX /# of Comp. on the OTC Market | 104/ 11 |
Trading Vol. ($ mn)/w* | 4.3 | # of Traded Comp. | 59 |
Traded Shares (mn)/w* | 4,106 | # of Companies (Up) | 22 |
Total Trades (#/w)* | 2,578 | # of Companies (Down) | 18 |
ISX Mcap (IQD bn) | 22,734 | # of Companies (Not changed) | 19 |
ISX Mcap ($ mn) | 17,223 | # of Comp. Suspended from Trading (GA) | 6 |
Market FX Rate**/CBI Auction Price (IQD/$)*** | 1320/ 1310 | # of Comp. Suspended from Trading (ISC) | 8 |
* Including OTC market
** Selling price of the dollar by banks and non-bank financial institutions to the final beneficiary
*** Selling price of the dollar by the CBI to the banks
Top 5 Gainers – Weekly | ||||
Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
Kurdistan Int. Islamic Bank | BKUI | 1.970 | 36.8% | 189.7% |
Al-Ahlyia for Agricultural Prod. | AAHP | 1.380 | 25.5% | 31.4% |
Rehab Karbala Company | HKAR | 0.750 | 7.1% | 0.0% |
Iraqi for General Transp. (UCM) | SIGT | 0.780 | 6.8% | 2.6% |
Al-Ameen for Insurance | NAME | 0.850 | 6.3% | 13.3% |
Top 5 Losers – Weekly | ||||
Company Names | ISX Code | Closing Price(IQD) | Price Change (w/w) | Price Chg. (YTD) |
Elaf Islamic Bank | BELF | 0.400 | -14.9% | -13.0% |
National Comp. for Met. Ind. M.&B. | IMIB | 1.750 | -14.6% | -27.1% |
Investment Bank of Iraq | BIBI | 0.250 | -10.7% | -24.2% |
Al -Khazer for Construction M. | IKHC | 1.400 | -6.7% | -36.4% |
Iraqi Date Processing & Marketing | IIDP | 2.800 | -6.7% | -15.2% |
Top 5 Active by Weekly Trading Volume | ||||
Company Names | ISX Code | Trading Vol. (IQDmn)/d | Trading Vol. ($’000)/d | Share in Total Trad. Vol.(%) |
Bank of Baghdad | BBOB | 1,161.1 | 879.6 | 20.6% |
Baghdad Hotel | HBAG | 1,012.8 | 767.3 | 17.9% |
Al-Mansour Bank | BMNS | 629.8 | 477.2 | 11.2% |
Gulf Commercial Bank | BGUC | 515.1 | 390.3 | 9.1% |
Asiacell Communications PJSC | TASC | 408.0 | 309.1 | 7.2% |
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 | 1,469 | 3,256.9 | 2,467.3 | 57.7% | |
Hotels&Tourism | 70 | 1,148.7 | 870.3 | 20.4% | |
Industry | 424 | 500.5 | 379.1 | 8.9% | |
Telecom | 213 | 408.2 | 309.2 | 7.2% | |
Agriculture | 198 | 260.4 | 197.3 | 4.6% | |
Services | 153 | 68.3 | 51.8 | 1.2% | |
Insurance | 7 | 1.7 | 1.3 | 0.0% | |
Investment | 1 | 0.0 | 0.0 | 0.0% | |
Grand Total | 2,535 | 5,644.8 | 4,276.3 | 100.0% | |
(1) Excluding OTC market
Economics
CBI: Annual inflation in January 2025 decreased to 2.3% from 2.7% in December 2024.
Central Bank of Iraq’s (CBI) net foreign assets realized at $98.0 bn as of Apr. 10, 2025 down by 1.9% since the end of 2024.
CBI announced February’s data for Iraq’s banking sector. Accordingly, total assets decreased 0.6% m/m to IQD201.0 trln ($153.4 bn) at end-February 2025, total deposits decreased 0.8% m/m to IQD120.4 trln ($91.9 bn) and total credits decreased by 0.4% m/m to IQD73.3 trln ($56.0 bn) at end-February 2025.
The capital, Baghdad, hosted the “Innovation Using Data” conference from Dell Technologies, a global technology company, to showcase the latest releases and technologies in modern information systems offered by Dell. Dell experts reviewed the role of technology in leading digital transformation, emphasizing that Iraq is making rapid strides in digital transformation. (NINA)
Talaat Moustafa Group Holding, the largest real estate development company listed on the Egyptian Stock Exchange, announced on Tuesday that it is in advanced negotiations with the Iraqi government to establish a new urban community in Iraq with expected sales of $17 bn. (Shafaq News)
The head of the Iraqi Private Banks Association, Wadee Al-Handal, announced on Monday that the Union of Arab Banks will hold its next conference in the capital, Baghdad, under the patronage of Iraqi PM Mohammed S. Al-Sudani, and in cooperation with the Central Bank and the association. (Shafaq News)
The Iraqi Private Banks Association confirmed on Monday that the Iraqi government has played a major role in achieving public-private partnerships, noting that electronic payments via bank cards have reached more than IQD21.1 trln ($16.0 bn). (INA)
Iraq Stock Exchange
Iraq’s Ministry of Finance announced, on Thursday, the launch of its third national bond issuance for public subscription, with a total value of IQD2.262 trln ($1.7 bn). The Finance Ministry stated in a statement: “The categories offered are: a bond in the category of 500,000 dinars, with an annual interest of 8.0%, paid every six months for two years, and a bond in the category of 1,000,000 dinars, with an annual interest of 10.0%, paid every six months for four years,” indicating: “The subscription period runs from April 20 to May 20, 2025.” (Shafaq News)
Faisal Al-Haimus, Chairman of the Iraqi Securities Commission (ISC), received Dr. Wajib Qanso, a member of the Board of Directors of the Lebanese Capital Markets Authority, during an official visit to the Commission’s HQ. During the meeting, they discussed ways to exchange expertise and develop the financial markets in Iraq and Lebanon, which would contribute to supporting regional integration and enhancing the performance of Arab markets. (ISC)
A cross transaction occurred on 76.0 mn shares of Baghdad Hotel (HBAG) on Apr. 29, valued at IQD874.0 mn and corresponding to 1.9% of HBAG’s capital.
According to the ISC decision on Apr. 28, 2025, the ISX will transfer United Bank (BUND) from the Undisclosed Companies Market (UCM) to the Regular Market (RM) starting May 4, 2025.
The procedures for quoting Dilnia Insurance (NDIL) on the OTC platform with its capital of IQD15.0 bn have been completed based on the instructions of the Securities Commission. The process of creating share certificates for the company’s shareholders began on Apr. 29. Trading will be launched after depositing 5% of the capital, or after 21 days from the deposit start date.
AHliya For Insurance (NAHF) has completed the legal procedures for the capital increase through a 28.57% rights issue to IQD9.0 bn. (In its recent AGM, which was held on Jul. 2, 2024, the company decided to increase the paid-in capital from IQD7.0 bn to IQD15.0 bn through 114.3% rights issue)
The AGM of Middle East Producing & Marketing – Fish (AMEF) has been postponed to Apr. 29 due to a lack of quorum.
Stocks that resumed / will resume trading:
Baghdad Hotel (HBAG) resumed trading on Apr. 27 after holding its AGM on Apr. 21 in which they discussed and approved the addition of buildings, facilities and tourist facilities to the hotel building and the rehabilitation and development process of other parts, and granting Jamal Al-Widyan Tourism Investments Company an additional period of 20 years and an increasing rate of 2% annually on the cumulative rental allowance.
Stocks that were suspended / will be suspended from trading:
ISX suspended trading of Bank of Baghdad (BBOB) starting Apr. 28 due to the AGM that will be held on May 3 to discuss and approve the 2024 annual financial statements and dividend distribution.
ISX suspended trading of Metallic & Bicycles Industries (IMIB) starting Apr. 28 due to the AGM that will be held on May 4 to discuss and approve 2021, 2022, and 2023 annual financial statements and elect four original and four alternative board members.
