The Rabee Securities Iraq Stock Exchange Index (RSISX Index) recorded a 3.0% increase in April, distinguishing Iraq’s capital markets from declines seen across several regional economies, including Saudi Arabia (-2.9%), Bahrain (-2.0%), Kuwait (-1.4%), and Muscat (-1.2%). The positive trajectory was led by key contributors such as Al-Mansour Hotel, Al-Mansour Bank, Baghdad Soft Drinks, Asiacell,…
The Rabee Securities Iraq Stock Exchange Index (RSISX Index) demonstrated remarkable stability in July, with a modest 0.1% growth. Despite fluctuations in share prices, the overall index remained steady. The rise in share prices for Baghdad Soft Drinks, Iraqi for Seed Production, Al-Mansour Bank, and Asiacell nearly balanced out declines in Bank of Baghdad, National…
Iraq: In April, the Rabee Securities Iraq Stock Exchange Index (RSISX) increased by 17.8%, while 8 out of the 10 RSISX Index companies recorded an increase in their share price. Mrs. Tugba Tan Karakaya, an Equity Analyst at the Research Department of Rabee Securities, explained, “The outstanding performance of the index in April mainly stemmed from…
Iraqi banking sector’s total assets recorded a 15.1% year-on-year growth to reach USD156.7 billion at the end of 2023, mainly fueled by the deposit growth of 15.3% to USD101.9 billion. Current deposits contributed the most to total deposit growth, recording a 17.2% increase to reach USD82.1 billion, while also constituting 80.5% share in total banking…
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…
In January, the Rabee Securities Iraq Stock Exchange Index (RSISX Index) experienced a significant 8.8% surge in both USD and Iraqi Dinar (IQD) terms mainly due to the increase in share prices of Fallujah for Construction Materials, National Bank of Iraq, Al-Mansour Bank and Commercial Bank of Iraq. In January, the share prices of 9…
In 2023, the RSISX USD Index almost doubled, exhibiting a significant 97.2% growth due to the upward trend in the market benefiting from improving economic and security conditions. Iraq’s net foreign reserves reached around $111.3 billion by the end of the year, and the country also recorded a budget surplus of around $12.3 billion.…
– “Arab Federation of Capital Markets”
– “Arab Federation of Capital Markets”
