https://youtu.be/9JcYoiY9pGI?si=s-t8_HElW3HBwgrc
The Iraq Stock Exchange (ISX) is making headlines in the financial world, and the latest trading activity figures are a testament to its growing prominence. In this video, we dive deep into the ISX’s remarkable performance in August 2023 and its significance in the regional financial landscape. Throughout the year, from January to August, the ISX witnessed a staggering 500 billion shares traded, with a total valuation of 444 billion dinars. These numbers underscore the vitality of Iraq’s stock market. In August 2023 alone, the ISX hosted 23 trading sessions exclusively dedicated to the shares of 103 listed Iraqi joint-stock companies, reflecting the increasing interest and participation of investors. What’s even more impressive is the frequency of these trading sessions. With 23 sessions in August, the ISX operated on approximately 67% of the projected trading days for the entire year of 2023, mirroring official working days. With heightened trading enthusiasm, an astounding 67 billion shares were exchanged in August. The cumulative trading volume for the year up to August 31 stood at 475 billion shares, accounting for 84% of the total shares traded throughout all of 2022. This surge in trading volume reflects growing investor confidence in the Iraqi market. The total value of these traded shares amounted to 444 billion dinars, reaching 85% of the total value for the year 2022 by the end of August, demonstrating the sustained financial growth and stability of the ISX. The ISX60 traded stock price index has also shown remarkable growth, closing at 809.8 points by the end of August 2023, reflecting a 38% increase compared to the end of 2022. Even in the shorter term, during August, the index saw an impressive rise of 13%. Beyond these impressive trading figures, we explore notable developments in the Iraqi financial landscape, including the Central Bank of Iraq’s capital requirements and corporate transparency initiatives. The ISX is not only thriving but also evolving with regulatory reforms and increased transparency. These developments position Iraq’s stock exchange for continued growth and attractiveness to investors in the coming years. Join us as we delve into the exciting future of the Iraq Stock Exchange and its impact on the country’s economic landscape. Don’t forget to like, share, and subscribe for more insightful updates on global financial markets!
