Ramadan’s Impact on the Economy: Insights for Financial Trends

Rami Yassir, the Head of Rabee App Development, shares his insights on the broader economy, noting that the impact of the Holy Month on the Iraqi Stock Exchange performance is limited but can be influenced by various factors such as the financial outcomes of listed companies and market direction. This year, Ramadan coincides with the annual disclosure period, when many companies announce their annual results. The positive results, particularly from major banks, have had a positive reflection on market performance. The Rabee App for Online Trading has also provided an opportunity for small investors to increase their activity in the market during Ramadan, thanks to the rising number of users benefiting from its user-friendly and secure features. Mr. Yassir also mentions noticing a rising number of orders placed during the evening period when fasting individuals have the time to review market trends and make decisions regarding orders. (IINA)