The Iraqi Stock Exchange announces trading indicators for the month of August

Baghdad-INA 

INA The Iraq Stock Exchange announced, today, Thursday, the trading indicators for the current month of August.

The Executive Director of the Iraq Market, Taha Ahmed Abdel-Salam, said in a statement received by the Iraqi News Agency (INA): “The Iraq Stock Exchange organizes trading sessions, buying and selling, on the shares of Iraqi joint-stock companies registered with it based on Law No. 74 of 2023 between shareholders and investors at a rate of five sessions.” Weekly, from Sunday to Thursday, from 9:30 am until 1:30 pm, using modern electronic systems - the trading and deposit systems.

He added, "During the month of August, the market organized (23) trading sessions for the shares of listed joint-stock companies, which number (103) Iraqi joint-stock companies.".

He continued, "Among the most important indicators achieved during the current month and the total indicators for the year 2023 until 8/31/2023:

1- The number of trading days reached (23) trading sessions, and the number for the current year until August 31 reached (159) sessions, which represents (67%) of the number of days planned for the year 2023 that correspond to the official working days.

2- The number of traded shares reached (67) billion shares, and for the current year, as of August 31, it reached (475) billion shares, which represents (84%) of their number for the year 2022. 

3- The value of traded shares amounted to (444) billion dinars, and it amounted to for the
year The current value as of August 31 is (371) billion dinars, which represents (85%) of its value for the year 2022.

4- The ISX60 traded stock price index closed at (809.8) points.
And he continued, "Compared to the close of 2022, the index increased in the month of August 2023 by 38 percent," pointing out, "Compared to the close of July 2023, the index for August 2023 increased by 13 percent.".

He stated, “The Central Bank of Iraq issued its decision No. 9/2/439 on 2/8/2023 obliging banks to increase their current capital to (400) billion dinars in time stages that end on 12/31/2024,” explaining, “a number The companies that submitted their annual disclosures for 2022 until the preparation of this report amounted to (70) joint-stock companies published on the website.

He indicated, “The regulation for licensing brokerage firms No. 20 of 2023 was issued by the Securities Commission,” pointing out, that “the Iraq Stock Exchange, Al-Rabie Brokerage Company, and the Carmel Brokerage Company obtained a letter of thanks and appreciation from the Securities Commission for their efforts in implementing the requirements of Mutual Evaluation of the Republic of Iraq in the Financial Action Task Force.