Latest news with #IraqStockExchange
Shafaq News
12-06-2025
- Business
- Shafaq News
ISX trades +$20M worth of shares in May
Shafaq News/ On Wednesday, the Iraq Stock Exchange (ISX) announced the trading of over 14 billion shares worth more than 28 billion dinars (approximately $20 million) during May. ISX reported that it conducted 18 trading sessions during the month, with 76 out of 104 listed companies participating in the trades. The total shares traded reached 14,216,936,000, valued at 28,702,000,000 dinars ($20,312,809), executed through 12,149 transactions. The ISX60 price index closed at 1017.58 points, marking a 3% increase compared to the previous session's closing. The Iraq Stock Exchange holds five trading sessions weekly from Sunday to Thursday and lists 104 joint-stock companies operating across the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, and hotel sectors.
Khaleej Times
04-06-2025
- Business
- Khaleej Times
Rabee Securities Iraq Stock Exchange Index posts 0.7% growth in May
The Rabee Securities Iraq Stock Exchange Index (RSISX Index) rose by 0.7 per cent in May, supported by gains in Asiacell, Baghdad Soft Drinks, National Bank of Iraq, and Al-Mansour Bank. Meanwhile, the RSISX Total Return Index (RSISXTR) outperformed, rising 6.4 per cent, driven by strong dividend activity. Key contributors included Bank of Baghdad (IQD0.65 per share, 14.5 per cent yield), Asiacell (IQD1.50 per share, 11.5 per cent yield), and Al-Mansour Hotel (IQD0.17 per share, 0.4 per cent yield). Tugba Tan Karakaya, Equity Analyst at Rabee Securities, commented: 'The market's performance this month reinforces investor confidence in core sectors like banking and telecom. Despite softer trading volumes, we are seeing healthy signals in dividend yields and price movements. As Iraq advances on reforms and financial inclusion, the medium-term fundamentals remain promising.' Total trading volume on the Iraq Stock Exchange (ISX) declined 21 per cent month-on-month to $21.8 million. Excluding cross-transactions, the volume stood at $18.2 million, a 24 per cent drop. The banking sector remained dominant, accounting for 60.1 per cent of trades, followed by telecom (19.8 per cent), industry (13.1 per cent), services (3.2 per cent), agriculture (2.1 per cent), and hotels & tourism (1.6 per cent). Trading activity in the OTC market also dipped 10 per cent to $88.5K. In May, 27 companies recorded share price increases. Of these, 13 rose more than 5 per cent, and 9 gained over 10 per cent. Al-Ahlyia for Agricultural Production led the market with a 67.4 per cent surge, followed by Al-Hilal Industries, up 42.5 per cent. On the macroeconomic front, Iraq welcomed several key developments during the month. The IMF, during its May 4–13 visit, called for urgent reforms including fiscal consolidation, restructuring of state-owned banks, and private sector expansion. The 34th Ordinary Arab League Summit was held in Baghdad on May 17, hosting delegations from 20 Arab countries. Meanwhile, the Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy (2025–2029), aiming to expand secure access to financial services nationwide. Additionally, Iraq signed a strategic deal with a consortium led by China-based Geo-Jade Petroleum and Basra Crescent. The agreement targets a fivefold increase in output from the Tuba oil field rising from 20,000 to 100,000 barrels per day—and includes investment in downstream infrastructure totaling $848 million.
Zawya
04-06-2025
- Business
- Zawya
Rabee Securities Iraq Stock Exchange Index posts 0.7% growth in May
Baghdad, Iraq: The Rabee Securities Iraq Stock Exchange Index (RSISX Index) rose by 0.7% in May, supported by gains in Asiacell, Baghdad Soft Drinks, National Bank of Iraq, and Al-Mansour Bank. Meanwhile, the RSISX Total Return Index (RSISXTR) outperformed, rising 6.4%, driven by strong dividend activity. Key contributors included Bank of Baghdad (IQD0.65 per share, 14.5% yield), Asiacell (IQD1.50 per share, 11.5% yield), and Al-Mansour Hotel (IQD0.17 per share, 0.4% yield). Tugba Tan Karakaya, Equity Analyst at Rabee Securities, commented: 'The market's performance this month reinforces investor confidence in core sectors like banking and telecom. Despite softer trading volumes, we are seeing healthy signals in dividend yields and price movements. As Iraq advances on reforms and financial inclusion, the medium-term fundamentals remain promising'. Total trading volume on the Iraq Stock Exchange (ISX) declined 21% month-on-month to USD 21.8 million. Excluding cross-transactions, the volume stood at USD 18.2 million, a 24% drop. The banking sector remained dominant, accounting for 60.1% of trades, followed by telecom (19.8%), industry (13.1%), services (3.2%), agriculture (2.1%), and hotels & tourism (1.6%). Trading activity in the OTC market also dipped 10% to USD 88.5K. In May, 27 companies recorded share price increases. Of these, 13 rose more than 5%, and 9 gained over 10%. Al-Ahlyia for Agricultural Production led the market with a 67.4% surge, followed by Al-Hilal Industries, up 42.5%. On the macroeconomic front, Iraq welcomed several key developments during the month. The IMF, during its May 4–13 visit, called for urgent reforms including fiscal consolidation, restructuring of state-owned banks, and private sector expansion. The 34th Ordinary Arab League Summit was held in Baghdad on May 17, hosting delegations from 20 Arab countries. Meanwhile, the Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy (2025–2029), aiming to expand secure access to financial services nationwide. Additionally, Iraq signed a strategic deal with a consortium led by China-based Geo-Jade Petroleum and Basra Crescent. The agreement targets a fivefold increase in output from the Tuba oil field rising from 20,000 to 100,000 barrels per day and includes investment in downstream infrastructure totaling $848 million.
Iraqi News
29-05-2025
- Business
- Iraqi News
Iraq Stock Exchange reports over 11B IQD traded in strong final week of May
Baghdad ( – The Iraq Stock Exchange (ISX) announced on Thursday (May 29, 2025) a robust trading performance for the fourth and final week of May. Over 11 billion Iraqi dinars in value was traded across more than 6 billion shares during five sessions. The market demonstrated positive momentum, with key indices showing gains. The main ISX60 index closed the week at 1017.58 points, marking a 1.45% increase from its opening at 1002.79 points. Similarly, the ISX15 index finished higher at 1145.42 points, up 1.90% from its weekly start of 1123.69 points. A total of 3,894 buy and sell contracts were executed on listed company shares throughout the week. This active trading week underscores continued investor engagement in the Iraqi bourse, concluding May on a positive note for the market's key performance indicators.
Shafaq News
29-05-2025
- Business
- Shafaq News
ISX reports nearly $8.5M in weekly trading
Shafaq News/ The Iraq Stock Exchange (ISX) announced, on Thursday, that its trading volume for the week, spanning five sessions, reached over 11 billion IQD ($8.4 million). According to the recorded data, over 6 billion shares were traded this week, with a total value surpassing $ ISX60 index opened the week at 1002.79 points and closed at 1017.58 points, reflecting a 1.45% increase. The ISX15 index started at 1123.69 points and ended at 1154.42 points, marking a 1.90% rise. Throughout the week, the exchange executed 3894 sale and purchase contracts involving listed companies.
