The Iraqi Securities Commission (ISC) has released its key financial and economic indicators for 2024, showing notable growth in the Iraqi stock market’s performance. According to the statement, this growth demonstrates increased confidence in the market’s role in supporting the national economy.
Listed Companies Overview:
- Total Listed Companies: 112 joint-stock companies
- Formal and Secondary Markets: 104 companies
- ISX-OTC Platform: 8 companies
Government Bonds Activity:
- Key Bonds Traded:
- Construction Bonds: Two issuances
- Reconstruction Bonds: Three issuances
- Achievement Bonds: Two issuances
- Bond Trading Data:
- Construction Bonds (Second Issuance): 25,000 bonds traded, worth 24.1 billion IQD
- Reconstruction Bonds (First Issuance): 5 bonds traded, valued at 4.92 million IQD
Stock Market Highlights for 2024:
- Trading Volume: 809.7 billion shares (up 17% from the previous year)
- Trading Value: 690.4 billion IQD (up 3% YoY)
- Executed Contracts: 182,967 contracts (up 17% YoY)
Key Market Indices:
- ISX60 Index: Closed at 1,073.84 points, reflecting a 20.23% increase YoY
- ISX15 Index: Closed at 1,174.65 points, up 10.12% since its inception
- Market Capitalization: Reached 22.33 trillion IQD, a 19% increase YoY
ISX-OTC Platform:
- Shares Traded: 5.98 billion shares
- Trading Value: 2.59 billion IQD, with 2,295 transactions involving three listed companies: Al-Warka Bank, Al-Rabee Brokerage, and 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, commented on the positive results:
“The strong performance of the Iraqi Stock Exchange in 2024 highlights the Commission’s continuous efforts to regulate the market, promote transparency, and build investor confidence. We are committed to further developing the financial market as a key pillar of the national economy, aiming to attract both local and international investments.”
He also outlined plans for 2025, focusing on improving market infrastructure and encouraging greater participation from both the public and private sectors.
