The Iraqi Securities Commission (ISC) has published its main financial and economic indicators for 2024, highlighting significant growth in the performance of the Iraqi stock market.
It said in a statement that the report reflects increased confidence in the market’s role in supporting the national economy.
Overview of Listed Securities
- Total Listed Companies: 112 joint-stock companies.
- Formal and Secondary Platforms: 104 companies.
- ISX-OTC Platform: 8 companies.
Government Bonds Performance
- Key Bonds Traded:
- Construction Bonds: Two issuances.
- Reconstruction Bonds: Three issuances.
- Achievement Bonds: Two issuances.
- Trading Data:
- Construction Bonds – Second Issuance: 25,000 bonds traded, valued at 24.1 billion IQD.
- Reconstruction Bonds – First Issuance: 5 bonds traded, valued at 4.92 million IQD.
Stock Trading Highlights for 2024
- Trading Volume: 809.7 billion shares (+17% YoY).
- Trading Value: 690.4 billion IQD (+3% YoY).
- Executed Contracts: 182,967 contracts (+17% YoY).
Key Market Indices
- ISX60 Index: Closed at 1,073.84 points (+20.23% YoY).
- ISX15 Index: Closed at 1,174.65 points (+10.12% from inception).
- Market Capitalization: 22.33 trillion IQD (+19% YoY).
ISX-OTC Platform Activity
- Shares Traded: 5.98 billion shares.
- Trading Value: 2.59 billion IQD across 2,295 transactions, involving three listed companies: Al-Warka Bank, Al-Rabee Brokerage, Al-Karmel Brokerage.
- Market Value: 105.7 billion IQD.
Corporate Developments
- Annual General Meetings Held: 72 companies.
- Financial Statements Submitted: 80 companies.
- Capital Increases Approved: 17 companies.
- Dividends Distributed: 22 companies.
Faisal Al-Haimus, Chairman of the Securities Commission, stated:
“The positive indicators achieved by the Iraqi Stock Exchange in 2024 reflect the Commission’s relentless efforts to regulate the market, promote transparency, and build investor trust. We remain committed to further developing the financial market as a cornerstone for supporting the national economy and attracting local and international investments.”
He also emphasized plans for 2025, including improving market infrastructure and increasing participation from public and private sectors.
The Commission announced that the first trading session for 2025 will take place on Tuesday, January 7, 2025, following the official trading schedule.
(Source: ISC)
