The Iraq stock market showed mixed results this week, reflecting varied performances across sectors. The RSISX Index, a major measure of market activity, posted a 2.3% decline in both IQD and USD terms. However, overall market trends still show resilience as part of the broader Iraq stock market performance.
In addition, the weekly trading volume climbed to IQD 11,255.5 million, with 56 companies participating actively. Activity across the Iraq financial exchange remained strong, even though price changes differed greatly by sector.
At the same time, 27 companies registered gains, while only 9 companies recorded declines. Another 20 companies stayed flat, indicating a stable sentiment across large parts of the Iraq stock market.
Moreover, banks captured 77.8% of the total trading volume, with Bank of Baghdad and Al-Mansour Bank leading. Their strong performance highlights growing investor focus on financial shares across the Iraq stock exchange.
Besides banks, companies in industry, agriculture, telecom, and services also contributed to weekly trading volumes, though at much smaller shares. Baghdad Soft Drinks and Iraqi for Seed Production ranked among the top active firms outside the banking sector.
Meanwhile, the week saw important corporate events. Region Trade Bank finalized a capital increase, and several other firms resumed trading after completing their annual meetings. These developments add to the dynamic nature of the Iraqi stock market.
Additionally, a major cross-transaction took place at Bank of Baghdad, with 296.2 million shares exchanged in one trade. This action showed increasing trust in top blue-chip shares across Iraq’s financial market.
On the regulatory side, the Iraq Stock Exchange signed a memorandum of understanding to join the Tabadul platform. This step promises better regional cooperation and may boost liquidity within the Iraq stock market over time.
However, trading suspensions were announced for several firms due to upcoming general assemblies. Companies like Bank of Baghdad, Iraqi Islamic Bank, and Modern Chemical Industries will temporarily halt trading to finalize key decisions.
On the regulatory front, the Iraq Stock Exchange agreed to join the Tabadul platform through a memorandum of understanding. This move is expected to strengthen regional ties and increase liquidity in Iraq’s trading market.
