Iraq Stock Market Report

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Iraq Stock Market Report

Iraq Stock Market Weekly Update — Key Numbers, Movers, and Market News

Rabee Securities has released its weekly update on Iraq’s market performance, giving a clear picture of how the main indexes and companies performed over the past week.

Market Index Performance

Most indexes were mostly flat this week, with slight declines across the main RSISX indicators:

  • IQD-RSISX: 2,483.6 (down 0.3% for the week, up 10.4% for the year)
  • USD-RSISX: 2,442.1 (down 0.3% for the week, up 10.4% for the year)
  • IQD-RSIHX: up 1.2% this week
  • IQD-RSIBX: down 1.2% this week
  • RSISX Total Return Index: down 0.3% this week but still up 19.4% for the year

Market Activity

Trading saw moderate movement:

  • Trading volume: IQD 6.9 billion (≈ $5.2M)
  • Total trades: 4,201
  • Listed companies: 104
  • Companies traded this week: 63
  • Companies up: 31
  • Companies down: 19

The industry sector dominated trading this week, making up almost 70% of total volume, followed by banking at 18.8%.

Top Weekly Gainers

These companies posted the strongest weekly gains:

  1. Al-Khatem Telecom (TZNI): +21.0%
  2. Kharkh Tour Amusement City (SKTA): +18.3%
  3. Modern Animal & Agricultural Production (AMAP): +15.0%
  4. Modern Construction Materials (IMCM): +11.9%
  5. Sumer Commercial Bank (BSUC): +10.0%

Top Weekly Losers

Some stocks saw sharp declines:

  1. Economy Bank (BEFI): –32.4%
  2. Mosul Dam Tourist Village (HTVM): –27.7%
  3. Al-Qabedh Islamic Bank (BQAB): –21.4%
  4. Al-Anssari Islamic Bank (BANS): –19.0%
  5. Iraqi Middle East Investment Bank (BIME): –14.3%

Most Active by Trading Volume

Here are the companies that drove most of this week’s trading:

  1. Baghdad Soft Drinks (IBSD): 65% of total market volume
  2. Al-Mansour Bank (BMNS)
  3. Bank of Baghdad (BBOB)
  4. National Bank of Iraq (BNOI)
  5. Asiacell (TASC)

Baghdad Soft Drinks alone dominated the week due to two major cross transactions totaling 720 million shares.

Market News & Corporate Updates

Major Deals

  • Asiacell (TASC) signed two major partnerships:
    • One with Google Cloud to bring Google Workspace, Gemini Enterprise, and AI-powered tools to Iraq’s business and education sectors.
    • Another with Evam, enabling real-time customer engagement using AI and data analytics.

Capital Increases & Subscriptions

  • Economy Bank (BEFI) opened subscription for 39.1 billion new shares as part of its capital increase to IQD 300 billion.
  • AL-Kindi (IKLV) received a two-month extension to add new bonus shares.
  • AMAP moved from the Undisclosed Companies Market to the Regular Market.

Suspensions & AGM Updates

Several companies had trading suspended or resumed due to annual meetings:

Resumed Trading:

  • Economy Bank (BEFI)
  • Baghdad-Iraq Company for Transport & Real Estate (SBPT)
  • Al-Badia Transport (SBAG)
  • Iraqi Islamic Bank (BIIB)
  • Iraqi Agricultural Products (AIRP)

Upcoming Suspensions:

  • Investment Bank of Iraq (BIBI) — Dec 16
  • Ameen Al-Iraq Islamic Bank (BAME) — Dec 16
  • Iraq Deposit Insurance (FIDI) — Dec 17 (one-day suspension)
  • Babylon Hotel (HBAY) — Dec 21

Sector Breakdown

Here’s how trading volume was spread across sectors:

  • Industry: 69.6%
  • Banking: 18.8%
  • Services: 5.1%
  • Telecom: 3.9%
  • Agriculture: 1.7%
  • Hotels & Tourism: 0.8%
  • Insurance: 0.1%

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