Sunday 10 February 2013

Iraq Stock Market Report

ID1,646 / $1,780 (+0.4%) (weekly change). The number of week traded shares was 92.7bn and the weekly trading volume was ID1520bn ($1.3bn).

ISX Company Announcements



Mansour Bank (BMNS) holds AGM on February. 24, 2013 to go over financial outcomes of 2012, the money dividend ratio and capital increase from IQD236bn to IQD255bn through bonus and privileges issues. ISX will suspend buying and selling of BMNS beginning on February. 17.

Original shares of Iraqi Land Transport (SILT) started again buying and selling on February. 6, 2013 after the choice to boost the capital from IQD10bn to IQD14bn through 40% bonus problem.

A mix transaction happened on 10.0bn Economy Bank for Investment (BEFI) shares on Feb 5, 2013. This signifies 6.7% of BEFI capital.

A mix transaction happened on 3.8bn Investment Bank of Iraq (BIBI) shares on Feb 5, 2013. This signifies 2.4% of BIBI capital.

Union Bank of Iraq (BUOI) holds AGM on February. 11, to go over capital increase from IQD100bn to IQD152bn. ISX suspended buying and selling of BUOI beginning on February. 4, 2013.

New shares of Investment Bank (BIBI) in the capital increase to IQD155bn through 14% bonus and 41% privileges issues started again buying and selling on February. 4, 2013.

Iraqi for Seed Production (AISP) shares started again buying and selling on February. 4. AISP hasn’t been buying and selling since November 4, 2012 because of ISC decision, due to the delay in posting its interim financial reviews. Additionally, a mix transaction happened on 100mn AISP shares on February. 4, 2013 which signifies 2.5% of AISP capital.

Rabee Investments (RS) listed Asiacell Communications PJSC on Feb 3rd, 2013. The organization began buying and selling on Feb fourth, underneath the ISX ticker “TASC”. Beginning cost was IQD 22. As a whole 67.503bn quantity of shares were listed and offered, for as many as IQD 1,485,066,000,000 (around $1.24 billion). Final amount of transactions was 2,900. People from other countries bought 70% from the float (47.197bn shares) and Iraqis 30% (20.306bn shares).

Tuesday 5 February 2013

Iraq Boosts Gold Reserves


Iraq manufactured its first major relocate many years to improve the gold supplies, joining key banking institutions coming from growing market financial systems including Brazil along with Spain in diversifying their international reserves.

According to a report from the Lebanese Daily Legend, central standard bank has bought are already one of the greatest owners involving gold’s rally considering that 2010 - per year that observed main banking institutions turning internet consumers from the platinum initially by 50 % decades in the middle of increasing questions concerning the balance in the dollar as the world’s leading arrange currency exchange.

During the period of 3 months in between June and March this season, Iraq’s gold holdings quadrupled for you to 31.07 tonnes, your Worldwide Monetary Fund‘s month-to-month data document showed in Thurs.