Iraq Stock Market Report

Advertising Feature
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd May 2012).
Please click here to download a table of listed companies and their associated ticker codes.
ID1,279 / $1.394,  (-0.6%) (weekly change). The number of week traded shares was 4.1bn and the weekly trading volume was ID8.9bn ($7.5mn).
 

ISX Company Announcements

  • Al-Ameen Insurance (NAME) will hold the AGM on June 5, 2012 to discuss 2011 financial results, and distributing cash dividend. ISX will suspend trading of NAME starting on May 29, 2012.
  • The original shares of Kharkh Tour A. City (SKTA) will resume trading on May 21, after the capital increase from ID175mn to ID230mn through 42.857% bonus issue. The opening price will be ID10.45 per share with +/- 50% limit for the first session.
  • ISX suspended trading of The Modern for Animal Agricultural Production (AMAP) on Thursday, May 17, 2012 due to the increase in share price by maximum allowed limit (10%) for two sessions; on May 15 and May 16, according to ISC instructions. Depending on ISX request, AMAP explained that the reasons that may affect its share price positively can be their new production line investment for Mineral Water and the start of producing and distributing “HALAL” brand meat products. AMAP will resume trading on May 20, 2012.
  • Electronic Industries (IELI) resumed trading on May 14, 2012, after the submission of its 2010 financial results to ISC. ISX suspended trading of Electronic Industries (IELI) on Thursday, May 17, 2012 due to the decrease in share price by maximum allowed limit (10%) for two sessions; on May 15 and May 16, according to ISC instructions. Depending on ISX request, IELI explained that there is no any major event that may affect the share price. IELI will resume trading on May 20, 2012.
  • National Chemical &Plastic Ind. (INCP) will resume trading on May 20, 2012, after the capital increase from ID7.593bn to ID15.187bn trough 100% rights issue. The opening price will be ID2.5 per share with +/- 50% limit for the first session.
  • The original shares of Iraqi for Seed Production (AISP) resumed trading on May 17, after the capital increase from ID3.14bn to ID4.0bn trough 27.38% bonus issue.

For the full RS Weekly Bulletin in PDF go to:  www.rabeesecurities.com.