Iraq Stock Market Report

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Market report for the Iraq Stock Exchange (ISX) for the trading week ending October 17, 2024.

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	1,962.4	4.5%	26.3%
RSISX USD Index	1,929.5	4.5%	26.3%

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	18,921.8	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	14.3	# of Traded Companies	65
Traded Shares (mn)/d	19,889	# of Companies (Up)	12
Total Trades (#/d)	4,783	# of Companies (Down)	34
ISX Mcap (IQD bn)	20,541	# of Companies (Not changed)	19
ISX Mcap ($ mn)	15,561	# of Comp. Suspended from Trading (GA)	9
Market FX Rate*/ CBI Auction Price (IQD/$)**	1320/ 1310	# of Comp. Suspended from Trading (ISC)	7

*The dollar’s selling price to the ultimate recipient from banks and non-bank financial organizations

**The CBI’s selling price of the dollar to banks

Top 5 Gainers – Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Iraqi Date Processing & Marketing	IIDP	4.900	61.7%	210.1%
International Islamic Bank (NRM)	BINT	0.300	20.0%	-88.5%
Al-Hilal Industries (UCM)	IHLI	1.380	20.0%	53.3%
Al-Ameen for Insurance	NAME	0.700	14.8%	27.3%
Iraqi Middle East Investment Bank	BIME	0.080	14.3%	-33.3%
Top 5 Losers – Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Iraqi for Carton Man.	IICM	2.100	-6.7%	101.9%
Mosul Bank	BMFI	0.160	-5.9%	-20.0%
Investment Bank of Iraq	BIBI	0.300	-3.2%	-30.2%
Iraqi for General Transp. (UCM)	SIGT	0.920	-3.2%	-34.3%
Al Taif Islamic Bank	BTIB	0.760	-2.6%	-10.6%
Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($’000)/d	Share in Total Trad. Vol.(%)
Iraq Noor Islamic Bank (NRM)	BINI	5,973.8	4,525.6	31.6%
Al-Mansour Bank	BMNS	3,905.6	2,958.8	20.6%
Bank of Baghdad	BBOB	2,718.6	2,059.5	14.4%
Asiacell Communications PJSC	TASC	1,478.9	1,120.4	7.8%
National Bank of Iraq	BNOI	918.3	695.7	4.9%

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	2,876	15,245.6	11,549.7	80.6%
Telecom	259	1,478.9	1,120.4	7.8%
Industry	898	1,291.1	978.1	6.8%
Agriculture	405	506.3	383.6	2.7%
Hotels&Tourism	115	194.6	147.4	1.0%
Services	201	182.3	138.1	1.0%
Insurance	26	22.5	17.0	0.1%
Investment	3	0.4	0.3	0.0%
Grand Total	4,783	18,921.8	14,334.7	100.0%

Iraq Stock Exchange

The Central Bank of Iraq and the Ministry of Finance jointly announced on Sunday that a fresh issue of government “Injaz/Enjaz” bonds (the third issue) worth IQD1.3 trillion will be available for public subscription. The Finance Ministry issued the following statement: “The categories offered are: a bond in the category of 500,000 dinars, with an annual interest of 6.5%, paid every six months for two years, and a bond in the category of 1,000,000 dinars, with an annual interest of 8.5%, paid every six months for four years,” stating: “The sale of bonds at nominal value begins for the period from October 14 to November 13, 2024.” The MoF

On October 14 and 15, there were two cross-trades on 13.3 billion shares of Iraq Noor Islamic Bank (BINI), which were worth IQD6.0 billion and represented 5.3% of BINI’s capital.

The ISX moved Iraqi Carton Manufacturies (IICM) from the Undisclosed Companies Market (UCM) to the Regular Market (RM) on October 17, 2024, in accordance with the ISC’s ruling. (Remark: ISX changed the start date from October 16 to October 17.)

In accordance with the Securities Commission’s directives, the processes for listing Ishtar Gate For e-Payment Systems and Services (FISH) on the OTC platform with its IQD10.0 billion capital have been finished. On October 20, the corporation will start the process of issuing share certificates to its stockholders. once 21 days from the commencement of the deposit, or once 5% of the money has been deposited, trading will begin.

Due to a lack of quorum, the Iraqi Agricultural Products Marketing Meat (AIPM) AGM has been rescheduled until October 21.

The CBI has decided to postpone the Sumer Commercial Bank’s (BSUC) AGM till further notice. Following the postponed AGM and the distribution of its minutes to ISX, the bank will reopen for business.

Stocks that have started trading again or plan to do so:

After having its AGM on October 16 and discussing and approving the election of one original and three reserve board members, Trans Iraq Bank (BTRI) will resume trading on October 20.

The following stocks have been or will be stopped from trading:

Because of the upcoming AGM on October 16 to review and approve the election of one original and three reserve board members, ISX stopped trading of Trans Iraq Bank (BTRI) on October 13.

Due to the upcoming AGM on October 19 to examine and approve the 2023 annual financial statements and dividend distribution, ISX stopped trading of Asiacell (TASC) on October 15.

Because the AGM to debate and approve the 2023 annual financial statements is scheduled for October 19, ISX banned trading of Arabia Islamic Bank (BAAI) on October 15.

The AGM, which will be conducted on October 20 to examine and approve the 2023 annual financial accounts, caused ISX to stop trading of Rehab Karbala (HKAR) on October 15.

Because the AGM to debate and approve the 2023 annual financial statements and dividend distribution is scheduled for October 31, ISX will stop trading of Ready Made Clothes (IRMC) beginning on October 28.

The AGM, which will take place on November 9 to review and ratify the election of seven original and seven alternative board members, will cause ISX to halt trading of National Islamic Bank (BNAI) beginning on November 5.

Due to the AGM on November 15th, which will examine and approve the 2023 annual financial statements and increase the paid-in capital from IQD355.0 billion to IQD400.0 billion through a 6.8% rights issue and a 5.9% bonus issue, ISX will stop trading of Cihan Bank (BCIH) beginning on November 12th.

Due to the AGM, which will be conducted on December 15 to review and approve the 2023 annual financial statements, ISX will stop trading of Modern Chemical Industries (IMCI) beginning on December 9.