Iraq Stock Exchange volumes decreased 67% in July.

Iraq Stock Exchange volumes decreased 67% in July.

Dubai, United Arab Emirates — Iraq’s struggle to form a government four months after the parliamentary elections has challenged Iraq’s stock market, where volumes decreased by 67% in July. According Tugba Tan Karakaya, analyst at research department of Rabee Securities: ” Eid Al Adha holidays with the current political deadlock, and protests in Iraq, it is no wonder we witness weak trading volumes, as investors wait to see the outcome of all this. It may take a few more weeks to see which direction Iraq is heading. Despite this bleak…

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Iraq Stock Exchange volume decreased by 30% during May 2022

Dubai, United Arab Emirates — Iraq Stock Exchange’s (ISX) trading volume in May dropped 30% compared to the previous month to US$46.7 million. The banking sector had the highest share in trading volume with 81.2%, followed by the telecoms sector with a 6.2% share. Ayşegül Özge Özgür, SVP, Head of Research at Rabee Securities, said: “The month witnessed a high volume of cross transactions in the banking sector. Foreigners’ share in total trading volume decreased from 4.0% in April to 3.5% in May”. She added: “In May, Rabee Securities RSISX…

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