Rabee Securities - Second Erbil Conference

RS Second IRAQ Conference, November 7-8, 2012

Rabee Securities (RS) held the Second IRAQ Conference on November 7-8, 2012 at the Rotana Hotel in Erbil, IRAQ. There were more than 130 attendees in the conference, including 40 foreign companies with more than 70 people, 17 Iraq Stock Exchange (ISX) listed companies and speakers from the government, telecom sector, Iraqi Securities Commission (ISC) and ISX. Last year, 30 foreign companies with more than 50 people and 10 ISX listed companies participated to the conference.

First day, the welcome speech was made by Dr. Abdulrazaq Dawood Al-Saide, the head of the ISC. CEO of ISX, Taha Abdul Salam, made a speech about recent developments in Iraq. The Chairman of Rabee Securities (RS), Shwan I. Taha, gave a presentation that compares Iraq with neighbor countries and the world. Mr. Taha talked about the country risks and potential growth of the ISX by mentioning the most important developments that needs to be done on the government level, company level and ISX level. Legal Advisor at USAID-Tijara Project, Thomas Doherty, spoke about the Iraqi economy and legal reforms. Second day, the welcome speech was made by Qubad Talabani, Head of the Department of Coordination and Follow up (KRG). Head of Iraq Practice, Salem Chalabi, gave a speech about the legal issues relating to investment in Iraq.

The conference also provided an opportunity for our investors and potential investors to have one-on-one meetings with ISX listed companies after lunch during the two days. This is an annual event and we hope to see all attendees again in the RS_Third IRAQ Conference.

RSISX Index

Type	Close	% Chg	YTD % Chg
IQD RSISX	969.6	1.7%	6.5%
USD RSISX	953.4	1.7%	23.0%

Best & Worst Performers

Best Performers

Code	Closing (IQD)	% Chg
BEFI	0.150	15.4%
BUOI	0.360	9.1%
IMOS	7.500	7.1%
BNOI	1.370	5.4%
IMAP	2.240	4.7%

Worst Performers

Code	Closing (IQD)	% Chg
IKHC	1.800	-5.3%
BSUC	0.190	-5.0%
AMAP	0.690	-4.2%
HSAD	18.000	-2.7%
SBPT	29.300	-2.3%

TOP 5 Traded Volume

Code	Trading Vol. (IQD mn) / d	Trading Vol. ($'000)/d
TASC	165.7	125.5
IBSD	132.0	100.0
IMAP	112.7	85.4
SMRI	93.9	71.1
BBOB	60.2	45.6

Trading Volumes by Sectors

Sector	Trading Vol. (IQD mn)/d	Trading Vol. ('000 $)/d
Industry	265.7	201.3
Telecom	165.7	125.5
Banking	162.7	123.3
Services	116.7	88.4
Agriculture	45.9	34.7
Hotels&Tourism	28.1	21.3
Insurance	0.0	0.0
Investment	0.0	0.0
Total	784.8	594.5

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This publication may not be reproduced, modified, or re-disseminated in whole or in part without the prior written permission of Rabee Securities. The information provided herein is of a general nature and for informational purposes only and is not intended to serve as an offer or solicitation with respect to the purchase or sale of any security, or as a recommendation to adopt any particular trading strategy. Such information is subject to change without prior notice. Although Rabee Securities obtains information from sources it considers reliable, Rabee Securities makes no representations or warranties, express or implied, as to the information's accuracy or completeness. Furthermore, such information may be incomplete or condensed. Rabee Securities, its affiliates, directors, employees, assigns, agents, and successors bear no liability for any errors or omissions in this publication or for any losses arising from the use of or reliance upon this information. This limitation on liability applies to direct, indirect, consequential, special, punitive, or other damages, as well as damages for loss of profits or business interruption. Investors shall bear all responsibility for investment decisions taken on the basis of the contents of this report. Rabee Securities strongly advises potential investors to seek financial guidance when determining whether an investment is appropriate to their needs. All estimates included in this report constitute Rabee Securities’ opinion as of the date published on the report and are subject to change without notice.