Tag Archives | ISX Iraq Stock Exchange News

The latest ISX Iraq Stock Exchange news including Banks, Capital, ISX Investment and more.

Zain Iraq Shares Jump on ISX Debut

By Simon Kent. Zain Iraq is now listed on the Baghdad stock exchange, some 4 years after the company was required to do so under the terms of their market entry to Iraq, Reuters reports. Analysts such as Hassan Aldahan, chairman of Baghdad investment company Bain Alnahrain, explained that the 50% rise on share value was artificially […]

Zain Iraq to start Trading soon on ISX

By John Lee. Reuters reports that Zain Iraq will list on the Baghdad Stock Exchange (ISX) on 23rd June. Under the terms of its 15-year licence awarded in 2007, the company, along with Iraq’s two other mobile phone firms, was required to float at least a quarter of its shares on the ISX by August […]

Zain Iraq Applies for Share Listing

By John Lee. Zain Iraq has applied for a listing on the Baghdad stock exchange (ISX). As part of their 15-year licences awarded in 2007, Iraq’s three mobile network operators — Zain, Asiacell and Korek — were required to float at least a quarter of their shares and join the Iraq Stock Exchange (ISX) by […]

NASDAQ Launches New Tech for ISX

By John Lee. Nasdaq and the Iraq Stock Exchange (ISX) have announced today the successful on-schedule go-live of the X-stream Trading technology, which replaced the existing Horizon platform. Nasdaq has delivered trading technology to ISX since 2007. The X-stream Trading upgrade provides ISX with a widely deployed high-end, multi-asset trading platform that complies with international […]

Banks Signal Drop in Iraqi GDP

By Mark A DeWeaver. As of November 6, 18 of the 21 ISX listed banks have reported third quarter earnings. The numbers aren’t pretty. Rabee Securities’ latest corporate profits report shows bank-sector aggregate profits for the first nine months down 17% year-on-year. Taking out BUND, an obvious outlier with earnings growth of 115%, the decline […]

Rising Yields a Plus for Stocks

By Mark DeWeaver. Falling prices and higher dividends have led to a jump in ISX dividend yields this year. As of September 30, Rabee Securities’ RSISX index was yielding 4.5%, up from 1.5% in 2013 and 0.0% in 2012. Yields are also improving relative to local interest rates, which have been gradually declining. The RSISX […]