Stock Exchange

The Iraq Stock Exchange

Iraq Stock Exchange, formerly known as the Baghdad Stock Exchange, was established on April 18, 2004 by Coalition Provisional Authority Order No. 74. As an independent nonprofit organization, it provides access to a broad range of financial instruments. There are 103 companies listed on the Iraq Stock Exchange. In this article, we will explore the company’s history, Regulatory body, and trading volume.

103 companies listed on the Iraq Stock Exchange

The Iraq Stock Exchange, or ISX, operates an electronic trading system for 103 Iraqi companies. The market cap of these companies is estimated at USD 10.5 billion, and trading occurs on Sunday through Thursday. The market cap-to-GDP ratio is less than five percent, which is lower than that of most other MENA countries. This low ratio, however, suggests that the Iraqi capital

market has room for further growth in the coming years.

Investors should also consider buying stocks in Iraq because of the country’s recent developments. Currently, Iraqi stocks have low price-to-book ratios and a 4.5% dividend yield. The recent changes in the political and economic situation could affect the Iraq stock market. Rabee Securities has sponsored an online TV program that focuses on the country’s stock market. Watch episodes of Rabee Securities Media on YouTube.

The Iraq Stock Exchange

Regulatory body

The Iraq Stock Exchange is a government-regulated market for stocks and commodities. It has a central office in Baghdad and the right to establish branches in other Iraqi cities. Its rules and regulations are independent of those of member brokers. The ISX has recently completed the development of its own Bylaws. The ISX is committed to promoting a transparent and open trading environment. It is the supervisory body of the stock exchange in Iraq.

The stock market in Iraq was last active in early 2014 when oil prices remained high, around USD 80 a barrel. Since the economy is heavily dependent on oil income, the stock market grew considerably, with a number of publicly-traded companies reaching the current level. While it seemed like things were moving in the right direction, the onset of the ISIS invasion changed all that. The resulting oil price collapsed to less than USD 40, causing a significant fall in stock market activity.

Trading volume

The trading volume on the Iraq Stock Exchange (ISX) decreased by over 30% in 2011 compared with April. The value of transactions was about $400 million. Foreigners accounted for 92 percent of the total trading volume. The number of non-Iraqi buys rose by 132 percent and the share of foreign investors increased by 111 percent. This growth is largely attributed to increased trading transparency. The exchange has opened its doors to foreign investors in recent years.

The Iraq Stock Exchange opened in 2004 in a former Italian restaurant. At the time, it was considered to be in a transition period. The economy of the country is heavily dependent on oil, limiting its market size. As such, the exchange’s trading volume and market value are generally considered to be good indicators of future economic activity for any national economy. However, there was a short-term imbalance, and trading volumes have been in decline since then.

Listed companies

Listed companies on the Iraq Stock Exchange are based on the US dollar. Rabee Securities is the source of this daily Iraq Stock Exchange index. Although Iraq has seen rapid growth in recent years, the country is still underdeveloped. For instance, the population of Baghdad has doubled in the past two decades, but there are still only a million cars on the streets. Infrastructure is in disarray, and little investment has been made in the country since the 1980s.

The Iraq Securities Exchange is financially and administratively independent. Its members own the company and its Bylaws outline the operational procedures. The ISX is fully compliant with the Iraq Securities Law. Its Chairman of the Board of Governors represents the exchange in legal matters. This rule makes investing in listed companies on the Iraq Stock Exchange a very practical option for investors who want to get exposure to the Iraqi market. Although it is rare to find a foreign investor in the Iraqi stock market, there are a number of reasons why this might not be the case.

Investment thesis

Several recent events may have a bearing on the stock market in Iraq. This study will examine the role of the Relative Strength Index in the decision-making process for speculating on shares listed on the Iraqi Stock Exchange. While there is no definite investment thesis for Iraq, investors can use it as a guide to make rational decisions when speculating on stocks. A successful investment thesis for Iraqi shares will include an understanding of the underlying market dynamics, including the fundamentals of the economy and the value of the stock.

The development of banking in Iraq has been impeded by four decades of conflict and brutal sanctions following the invasion of Kuwait. These conflicts, along with civil war and the emergence of the Islamic State, have hampered the country’s development. Nonetheless, the country’s banking sector should continue to see significant growth over the next few years, and its valuation should reflect this growth. Investors should consider a position in banks on the Iraqi stock exchange.

We have come to the end of our content related to topic Iraq Stock Exchange. You can search for current 2022 information related to our topic on the basis of Google.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button