Daily Bulletin / Sunday April 6 2014
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th April 6 2014 Daily Bulletin / Sunday Iraqi Dinar Value Daily Value Traded Best and Worst Performers (CBI Auction Price: 1166 / Market Exchange Rate: 1218) IQD1,406,803,000 Closing Trading Vol. Best Performers Code % Chg. RSISX Index Price(IQD) ($'000)/d 2200 14 For any inquiries, contact: 2000 Al-Mosul for Funfairs SMOF 23.000 4.5% 3.2 12 Research 1800 10 Ahliya Insurance NAHF 1.200 4.3% 0.0 1600 Aysegul Ozge Ozgur, SVP ([email protected]) 8 1400 Kharkh Tour Amusement City SKTA 8.500 3.0% 0.4 Tugba Tan, Analyst ([email protected]) 6 1200 ($ mn) Al -Hilal Industries IHLI 0.700 2.9% 20.3 1000 4 [email protected] Dar Es Salaam Inv. Bank BDSI 1.050 1.9% 7.5 800 2 Trading 600 0 [email protected] 11 12 13 14 11 11 12 12 13 13 14 13 13 11 11 11 12 12 12 13 14 12 11 11 11 12 12 13 13 13 14 13 13 11 11 12 12 11 12 13 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - J J J J J J J J J J F F F F A A S A S A A S A A N D N D N D O O O M Address: 903/14/19 M M M M M M Closing Trading Vol. Karada ISX-Daily Trading Vol. (Right) IQD RSISX Index USD RSISX Index Worst Performers Code % Chg. Price(IQD) ($'000)/d Baghdad-Iraq sa Tel: +964 (0) 727 002 0407 Al-Ameen Estate Investment SAEI 0.800 -7.0% 38.5 [email protected] AL-Nukhba Construction SNUC 0.940 -6.0% 1.2 The RSISX Performance RS Website: RS.IQ Close Change YTD Change Economy Bank BEFI 0.700 -4.1% 3.6 RS Bloomberg page: <RSIQ> IQD RSISX 1818 -0.2% -2.6% Iraqi for Seed Production AISP 6.500 -3.6% 76.4 Closing prices for the shares traded on the USD RSISX 1937 -0.2% -2.5% Ashour Hotel HASH 8.500 -2.9% 19.2 ISX are now available on Bloomberg. News from Iraq DISCLAIMER This publication may not be reproduced, Politics modified, or re-disseminated in whole or in part Share in • Iraqi foreign minister Hoshiar Zebari discussed with the US ambassador to Iraq Stephen Trading Vol. Trading Vol. without the prior written permission of Rabee Beecroft the preparations for the coming parliamentary elections, on 30th of this month. In Top 5 Traded Volume Code total T. Securities. The information provided herein is of (IQDmn)/d ($'000)/d a statement, that both sides discussed political and security situations in Iraq and the Arab Volume a general nature and for informational purposes only and is not intended to serve as an offer or region. (Aswat al-Iraq) solicitation with respect to the purchase or sale • The head of the Supreme Iraqi Islamic Council, Ammar al-Hakim, and the head of Sadr Credit Bank of Iraq BROI 357.1 293.2 25.4% of any security, or as a recommendation to adopt Trend, Muqtada al-Sadr, discussed the political situation and the next elections. A Mamoura Realestate SMRI 246.9 202.7 17.5% any particular trading strategy. Such information statement cited “Hakim confirmed the necessity of adopting national unified stances and to Gulf Commercial Bank BGUC 191.3 157.1 13.6% is subject to change without prior notice. consolidate dialogue among the political sides.” (Iraqi News) Although Rabee Securities obtains information from sources it considers reliable, Rabee Economics Bank of Baghdad BBOB 117.3 96.3 8.3% • Around 39bn barrels of oil in Iraq has been secured by the Korea National Oil Securities makes no representations or Iraqi for Seed Production AISP 93.1 76.4 6.6% warranties, express or implied, as to the Corporation. It is estimated that with this reserve Korea can manage its 18 to 20 days oil information's accuracy or completeness. consumption. The KNOC said that it has detected an oil reserve equivalent to 258mn barrels Distribution of Trading Volumes by Sectors Furthermore, such information may be in the Demir Dagh well at the Hawler minefield in Iraq's Kurdish region. (Iraq Directory) incomplete or condensed. Rabee Securities, • Hanwha Engineering and Construction Corp., one of South Korea's leading builders, said Trading Vol. Trading Vol. Share in Total its affiliates, directors, employees, assigns, Sector agents, and successors bear no liability for any Thursday that it has received an additional IQD540bn($510.6mn) won in advance payment (IQD mn)/d ('000 $)/d Trading Volume (%) errors or omissions in this publication or for any for its Iraq city project that will kick off next month. This brings the amount of money the losses arising from the use of or reliance upon builder has received so far for the $8bn Bismayah New City Project (BNCP) to around Telecom Sector 0.7 0.6 0.0% this information. This limitation on liability $1.6bn, or 20% of the total. The company won the contract in May 2012. (Iraq Directory) Banking Sector 757.0 621.5 53.8% applies to direct, indirect, consequential, special, ISX - Company Announcements punitive, or other damages, as well as damages • In a press conference on Apr. 3, 2014 CBI announced that the bank's reserves of pure Industry Sector 132.1 108.5 9.4% for loss of profits or business interruption. Investors shall bear all responsibility for gold reached 90 tons after it bought 60 tons in the last two months in the framework of Hotels & Tourism Sec. 109.5 89.9 7.8% investment decisions taken on the basis of the diversification of its reserves and supporting the value of the Iraqi dinar. contents of this report. Rabee Securities strongly • ISC has approved to extend one more month for Mosul Bank (BMFI) for its new shares Services Sector 301.0 247.1 21.4% advises potential investors to seek to resume trading from the capital increase through 17.3% rights issue and 7.4% bonus Agriculture Sector 106.4 87.4 7.6% financial guidance when determining whether an issue. investment is appropriate to their needs. All Insurance Sector 0.0 0.0 0.0% • A cross transaction occurred on IQD220mn Credit Bank of Iraq (BROI) shares today estimates included in this report constitute Rabee Securities’ opinion as of the date published on (April 6, 2014). This represents 0.1% of BROI capital. Investment Sector 0.1 0.1 0.0% the report and are subject to change without *(Please note that the ex-date for capital increases and dividend distributions is referred to as Total 1,406.8 1,155.0 100.0% notice. “Trading-Suspension day” which is normally one week before the General Assembly Meetings.) th 6 April 2014 Daily Transactions in Brief The RSISX index ended the day at IQD1,818 / $1,937, -0.2%. The number of traded shares was 0.8bn and the trading volume was IQD1.4bn ($1.2mn). Non Iraqi's Transactions (IQD mn) Non Iraqis executed 97 transactions in this session: 600 Buys Buys - 65 transactions in 4 companies operating in banking, industry and services sectors. 424 356 Sells - 32 transactions in 2 companies operating in banking and services sectors. 400 Sells Net purchases reached IQD68mn ($56K), while their share in total trading volume was 28.7%. 200 Net Buy (Sell) (IQD) 68 Note: Follow Rabee Securities (RS) on Twitter, join Facebook and LinkedIn groups. 0 Performance of Traded Shares Opening Price at Session Previous Change in Avrg. daily Highest Price Lowest Price No.of Trades No. of Traded Trading Vol. Mcap Last P/E P/BV Company Names ISX Code Price Close Closing Price Closing trading vol. (IQD/share) (IQD/share) (#/d) Shares (mn)/d (IQDmn) /d ($mn) Fin.** (Last) (Last) (IQD/share) (IQD/share) (IQD/share) Price ('000 $)* Telecom Sector Asiacell Communications PJSC TASC 17.25 17.25 17.25 0.0% 17.25 17.25 4 0 1 23.1 3,824.1 9M13 7.4 2.5 Telecom Sector Total 4 0 1 3,824.1 Banking Sector Ashur International Bank BASH 0.71 0.71 0.71 0.0% 0.71 0.71 1 2 1 2.4 145.7 FY13 11.2 0.8 Babylon Bank*** BBAY 0.60 0.60 0.60 0.0% 0.60 0.59 9 25 15 17.8 123.2 FY13 34.8 0.9 Bank of Baghdad BBOB 1.91 1.91 1.92 -0.5% 1.92 1.91 29 61 117 209.4 392.0 FY13 14.5 1.6 Commercial Bank of Iraq*** BCOI - no trade 0.90 - - - - - - 40.0 184.7 FY13 25.3 1.1 Dijlah & Furat Bank*** BDFD 0.70 0.70 0.70 0.0% 0.70 0.70 1 1 0 3.7 89.7 FY13 19.9 0.9 Dar Es Salaam Inv. Bank BDSI 1.03 1.05 1.03 1.9% 1.05 1.03 7 9 9 43.3 129.3 FY13 9.6 0.9 Economy Bank*** BEFI 0.71 0.70 0.73 -4.1% 0.71 0.70 5 6 4 0.3 143.7 FY13 28.8 0.8 Elaf Islamic Bank*** BELF 0.73 0.73 0.73 0.0% 0.73 0.73 4 7 5 0.6 149.8 FY13 23.1 1.1 Gulf Commercial Bank BGUC 1.10 1.08 1.09 -0.9% 1.10 1.08 47 177 191 125.2 221.7 FY13 5.6 0.9 Investment Bank of Iraq BIBI 1.00 1.00 1.00 0.0% 1.00 1.00 3 1 1 46.2 205.3 FY13 9.0 1.2 Iraqi Islamic Bank BIIB 1.06 1.06 1.06 0.0% 1.06 1.06 2 23 24 16.5 217.6 FY13 9.4 1.1 Iraqi Middle East Bank BIME - Suspend/GA 1.60 - - - - - - 164.6 197.0 FY13 11.5 1.1 Kurdistan Int.