By Mark DeWeaver. Given the importance of oil for Iraq’s economy, you might think that the price of this commodity would be a key driver for Iraqi stocks. Strangely, this has not always been the case—most notably during the global financial crisis. From July to December, 2008, even as the oil price fell by a […]
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Tags: Backwardation, Contango, featured, Futures, Global Financial Crisis, ISX Iraq Stock Exchange News, Miller Tabak, Oil, RSISX
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 […]
Tags: BASH, BBOB, BIBI, BIIB, BIME, BMNS, BNOI, Dividends, ISX Iraq Stock Exchange News, Rafidain Bank, RSISX
An ISX Year-end Jinx?
Since 2007, the Rabee Securities RSISX index has ended on a down note every year except 2010. (See chart.) In 2007, 2008, and 2009, the index peaked in July, August, and November, respectively, subsequently falling 27%, 7%, and 9% from those peaks to the respective year-end closes. 2010 was exceptional because the new government was […]