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ISX News

Burgan Bank (a Kuwaiti public shareholding company) announced on Mar. 16, 2020 to sell its full ownership of 51.8% in the Bank of Baghdad (BBOB)

Burgan Bank (a Kuwaiti public shareholding company) announced on Mar. 16, 2020 the decision of an agreement to sell its full ownership of 51.8% in the Bank of Baghdad (BBOB), corresponding to 129,478,438,076 number of shares, for IQD155,675,409,680 to the United Gulf Holding Company (Bahraini Joint Stock Company). It was mentioned that the necessary approvals were obtained from the Central Bank of Iraq (CBI) to implement the transaction, as the ratio exceeds 10%. Burgan Bank said they are in the process of completing the requirements for executing the transaction on the Iraq Stock Exchange (ISX) in accordance with the trading instructions issued by the Securities Commission. (RS note: According to that announcement, United Gulf Holding Company will pay IQD1.20 price per each BBOB share. BBOB closed at IQD0.30 price per share today).

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 627.0 2.6% -4.8%
USD RSISX 656.3 2.6% -6.4%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
BBAY 0.080 14.3%
BUND 0.080 14.3%
BIME 0.110 10.0%
BIBI 0.250 8.7%
BASH 0.270 8.0%

Worst Performers

Code Closing (IQD) % Chg
BQAB 0.580 -17.1%
TZNI 2.350 -2.1%
IMAP 1.220 -0.8%
SILT 1.300 -0.8%
INCP 2.180 -0.5%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
BBOB 279.3 225.2
IBSD 136.1 109.8
TASC 44.8 36.1
INCP 14.6 11.7
BGUC 13.5 10.9

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 45.1 36.3
Banking 342.8 276.4
Industry 152.6 123.1
Hotels & Tourism 2.3 1.9
Services 20.7 16.7
Agriculture 0.4 0.3
Insurance 3.5 2.8
Investment - -
Money Transfer - -
Total 567.4 457.6