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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 561.6 -1.5% -14.8%
USD RSISX 597.4 -1.5% -14.8%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
IIDP 1.250 3.3%
BMNS 0.620 1.6%
IITC 10.100 1.0%
SILT 1.330 0.8%
HBAG 8.050 0.6%

Worst Performers

Code Closing (IQD) % Chg
HBAY 62.000 -7.5%
INCP 1.860 -7.0%
BMFI 0.140 -6.7%
IMAP 1.200 -3.2%
IBSD 2.330 -2.9%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
BNAI 975.0 799.2
INCP 164.8 135.1
IIDP 105.6 86.6
TASC 74.8 61.3
IMIB 63.6 52.1

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 74.8 61.3
Banking 1,073.2 879.7
Industry 377.2 309.2
Hotels & Tourism 22.5 18.4
Services 38.8 31.8
Agriculture - -
Insurance - -
Investment - -
Money Transfer - -
Total 1,586.5 1,300.4