Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 3rd March 2022). Please click here to view a table of listed companies and their associated ticker codes. The RSISX index ended the week at IQD1020 (+3.8%) / $901 (+3.8%) (weekly change) (+11.1% and +11.9% YTD change, respectively). The number of week traded […]
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Tabaqchali: Banks & the Iraq Investment Thesis
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "Banks & the Iraq Investment Thesis" The market, as measured by the Rabee Securities RSISX USD Index, started the year on a positive note with […]
Iraqi Stock Market: 2021 Review and Outlook for 2022
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Market Review: "2021 Review and Outlook for 2022" The market, as measured by the Rabee Securities RSISX USD Index, had a strong recovery in December with a […]
Oil and the ISX: Cause and Effect?
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 […]
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 […]
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 […]