Rabee’s Iraq Stock Exchange Index considerably increased by 16.3% in August

During August, the share prices of 6 out of the 10 RSISX Index companies showed growth

Press Release

UAE: The Rabee Securities Iraq Stock Exchange Index (RSISX Index) considerably increased by 16.3% in August mainly due to the increase in share prices of National Bank of Iraq (+41.5%), Bank of Baghdad (+33.5%), Commercial Bank of Iraq (+31.6%), and Kharkh Tour Amuzement City (+22.3%). During August, the share prices of 6 out of the 10 RSISX Index companies showed growth.

The total trading volume of the ISX increased 31% in August compared to July to USD29.9 million. Excluding the cross transactions, monthly trading volume showed a 151.9% growth compared to the previous month to USD28.4 mn in August.

The banking sector reported the highest share in trading volume at 62.8% in August, followed by the agriculture sector (11.7% share), industry sector (11.6% share), telecom sector (9.2% share), and hotels & tourism sector (2.6% share).

Three companies decided to distribute dividends during August; Baghdad Soft Drinks with a dividend yield of 6.2%, Kharkh Tour Amuzement City with a dividend yield of 3.0%, and Mamoura Real-estate with a dividend yield of 0.4%.

37 companies’ share prices grew in July, 24 of which increased by more than 5.0%, while 16 increased by more than 10.0%. Investment Bank of Iraq witnessed the largest increase in share prices by 69.0% during the month, followed by Economy Bank with a 60.0% monthly increase.

-Ends-

Send us your press releases to pressrelease.zawya@lseg.com

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

© ZAWYA 2024