سوق العراق للأوراق المالية تغلق الربع الأول من العام الجاري عند ١١,٣ مليار دولار

Dubai, United Arab Emirates – The Iraq Stock Exchange continued its growth in the first quarter of this year, as the market closed at $11.3 billion, an increase of 8% compared to the end of 2021, despite the political instability in the country, and weak interest due to a lack of information about market.

In details, the banking sector accounted for 45.9% of the total map with 43 listed banks, followed by 41.5% for the telecommunications sector with mobile phone operators, and the industry sector with 7.3% with a share of 20 companies, and the various sectors acquired the remaining percentage.
The Rabie Securities Index in the Iraq Stock Exchange, the RSISX Index, which is accepted as a reference index in the market, rose by 15.5% in the first quarter of this year, while the RSISX index in US dollars rose by 16.2%. Trading volume in the Iraq Stock Exchange increased by 95% on an annual basis to $112.9 million in the first quarter of this year.

The banking sector played a major role again in the trading in the first quarter of this year, and accounted for 70% of the total trading by doubling it to $78.7 million, said Aysegul Ozki Özkar, Senior Vice President, Head of Market Research.
He continued: We expect to see an increase in demand on the Iraqi stock market, as the price of oil remains high, and Iraq’s GDP will grow in sixth place in the world this year, according to the International Monetary Fund, and the long-awaited government formation will be completed.

It is worth noting that last year 15 companies listed on the Iraq Stock Exchange decided to distribute dividends with returns ranging between 0.01% and 12.5% ​​and an average return of 4.2%, while three companies announced in the first quarter of this year a decision to distribute dividends with returns ranging Between 2.9% and 5.2%, we expect dividend decisions from other companies in the coming months.