Iraq Business News: Iraq Stock Market Report

Iraq Business News All the latest business news from Iraq

Iraq Stock Market Report Oct 7th 2012, 23:10 Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 4th October 2012). Please click here to download a table of listed companies and their associated ticker codes. ID1,441 / $1,558  (+1.1%) (weekly change). The number of week traded shares was 7.9bn and the weekly trading volume was ID13.1bn ($10.9mn).   ISX Company Announcements Al-Khaima Financial Investment (VKHA) will hold AGM on October 17, to discuss 2011 financial results, capital increase through 15% bonus issue and the ability of merge with Al-Ayaam Financial Investment (VAYF). ISX will suspend trading of VKHA on October 10, 2012. Original shares of Economy Bank for Investment (BEFI) will resume trading on October 8, after the capital increase from ID100bn to ID150bn through 9% bonus and 41%rights issues. The opening price will be ID1.13 per share with +/- 50% limit for the first session. Original shares of Iraqi Engineering Works (IIEW) will resume trading on October 8, after the capital increase from ID1bn to ID1.5bn through 30% bonus and 20% rights issues. The opening price will be ID1.97 per share with +/- 50% limit for the first session. ISC suspended the trading of Al-Kheir Financial Investment (VKHF) starting from October 3, due to not submission of 2Q2012 financial results. A cross transaction occurred on 775mn Gulf Commercial Bank (BGUC) shares on October 3. This represents 0.6% of BGUC capital. Investment Bank of Iraq (BIBI) obtained the companies registrar approval on the GA alternative decision to increase capital to ID155bn through 14% bonus and 41% rights issues. The rights offering procedures started on October 2, 2012. AL-Nukhba General Contracting (SNUC) will hold AGM on October 7, 2012 to discuss 2011 financial results, distributing cash dividend and capital increase through 24% bonus issue. ISX suspended trading of SNUC starting on September 30. For the full RS Weekly Bulletin in PDF go to:  www.rabeesecurities.com.

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