Economic Insights – Baghdad
The Iraq Stock Exchange has reported that over 17 billion dinars worth of shares were traded in the past week, as of Tuesday.
According to the market’s recent data, a total of 58 joint stock companies engaged in trading activities during the past week. In contrast, 39 companies did not experience any trading due to an imbalance between buy and sell orders. Moreover, 7 companies remain inactive as they have not submitted the required disclosures for the 104 companies listed on the exchange.
The volume of shares traded reached approximately 19 billion and 961 million shares, reflecting a remarkable 416% increase from the previous week. The financial value of these transactions amounted to 17 billion and 442 million dinars, which is a 91% rise compared to the previous week, facilitated through 3,337 transactions. Additionally, the traded price index ISX60 closed at 1,062.87 points, marking a 0.15% change from its prior session closing.
Furthermore, non-Iraqi investors purchased around 8 million shares valued at 33 million dinars over the past week, executing 25 transactions. In contrast, the sale of shares by non-Iraqi investors totaled 1 million shares worth 6 million dinars, archived through 9 transactions.
It is important to note that the Iraq Securities Market conducts five trading sessions each week, from Sunday to Thursday. The market currently comprises 104 Iraqi joint stock companies, representing diverse sectors including banking, communications, industry, agriculture, insurance, financial investment, tourism, hotels, and services.
For more updates, subscribe to our channel on Telegram