Rabee Securities Iraq Stock Exchange For Week Ending June 13

17/06/2012 18:46

The RSISX index ended the week at ID1,296 / $1,414, +0.4% (weekly change). The number of weekly traded shares was 5.1bn and the weekly trading volume was ID7.2bn ($6.0mn).

 

Best Performers - Weekly



Code

Price (ID)

Price Chn/w



BASH

0.990

10.0%



IELI

1.440

5.1%



NHAM

1.410

4.4%



BDSI

2.710

3.8%



HBAG

9.290

3.2%




Worst Performers - Weekly

Code

Price (ID)

Price Chn/w

AIRP

7.610

-9.9%

AMEF

22.750

-9.0%

SBMC

2.500

-7.7%

IMIB

1.810

-6.2%

IICM

0.860

-4.4%


Top 5 Traded Volume - Weekly


Code

Price (ID)

TradingVol. (IDmn)/w

TradingVol. ($mn)/w

IBSD

1.070

1,822

1.5

BGUC

1.000

1,234

1.0

AIPM

8.520

1,172

1.0

SBAG

6.260

317

0.3

BASH

0.990

281

0.2


ISX Company Announcements


  • Please see the table [1.1] (pg:5) for the listed companies that have announced recent financial statements this week.
  • ISC decided to delist Al-Qum'a for Financial Investment (VQUF) due to its failure to comply with the instructions # (3), non-disclosure of the change in the company address and not submitting the financial results.
  • Investment Bank of Iraq (BIBI) and Ashur International Bank (BASH) will be suspended from trading starting June 18, 2012 due to general assembly meetings.
  • ISX will suspend trading of Investment Bank (BIBI) shares starting June 18, 2012 due to AGM which will be held on June 24, 2012 to discuss 2011 financial results and capital increase through 14% bonus and 11% rights issues.
  • Ashur Bank (BASH) will hold AGM on June 23, 2012 to discuss 2011 financial results and capital increase through bonus and rights issues.
  • Bank of Baghdad (BBOB) approved in its AGM on June 13 to increase the capital from ID112.9bn to ID175bn through 17.8% bonus and 31.5% rights issues.
  • Fallujah Construction Materials (IFCM) decided in its AGM (June 12) to use the profit to cover the loss of the last years and to increase the capital through 5% bonus issue. IFCM also decided to evaluate housing project investment opportunities for its land in Faluja City (108 Dunams).
  • Original Shares of North Bank (BNOR) resumed trading on June 13, after the capital increase from ID175bn to ID210bn through bonus issue. The opening price will be ID1.72 per share with +/- 50% limit for the first session.
  • Gulf Commercial Bank's (BGUC) AGM date rescheduled July 2, 2012.
  • Elaf Islamic Bank (BELF) AGM which was scheduled to be held on June 9, 2012 was postponed to June 17, 2012 due to the lack of quorum.  
  • Iraqi Agricultural Products (AIRP) will hold AGM on June 27, 2012 to discuss 2011 financial results and the cash dividend ratio. ISX will suspend trading of AIRP starting June 20, 2012.
 

This market update was produced by the Rabee Securities Research Team. For the full RS Weekly Bulletin go to our website www.rabeesecurities.com

 

ry/AKnews