Search DubaiPRNetwork.com

Dubai and UAE
Home >> Business and Economy

Rabee's Iraq Stock Exchange Index increased by 8.8% in January

Wednesday, August 7, 2024/ Editor -  

Share

Home >> Business and Economy

February 9, 2024: In January, the Rabee Securities Iraq Stock Exchange Index (RSISX Index) experienced a significant 8.8% surge in both USD and Iraqi Dinar (IQD) terms mainly due to the increase in share prices of Fallujah for Construction Materials, National Bank of Iraq, Al-Mansour Bank and Commercial Bank of Iraq. In January, the share prices of 9 out of the 10 RSISX Index companies recorded an increase. Mrs. Tugba Tan Karakaya, an Analyst at the Research Department of Rabee Securities, commented, “We witnessed a good start to the year, and investors are satisfied that the momentum is continuing from last year's positive index performance. Despite some geopolitical incidents during the month, the economic and companies' performance overshadowed such concerns.”

The total trading volume of the ISX decreased 29% in January 2024 compared to December 2023 to USD44.5 million. Excluding the cross transactions, monthly trading volume showed a 13% growth compared to the previous month to USD30.2 mn in January. The banking sector obtained the highest share in trading volume at 75.2%, followed by the industry sector (14.7% share), telecom sector (5.0% share), and services sector (2.8% share).

In January, Iraqi Agricultural Products Marketing Meat announced its dividend distribution decision; accordingly, the company will pay IQD0.08 cash dividend per share, corresponding to a yield of 1.0% for investors.

41 companies’ share prices grew in January, 30 of which increased by more than 5.0%, while 20 increased by more than 10.0%. Modern Animal & Agricultural Production increased the most going up 63.2% during the month, followed by Ashour Hotel with a 61.8% monthly increase.
–END–

 


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Hala Badri: showCACE 2025 is an Innovative Platform that Highlights the Power of ...

Mohammed Bin Rashid Library Welcomes Delegation From Ministry of Health and Prev ...

RAK Ruler supports RAKEZ and AHK strategic partnership

High-Level Russian Delegation Visits Mohammed Bin Rashid Library to Discuss Stra ...

Calling All Cosplay Fans! Bring Gaming Characters to Life at DEF's Dubai Cosplay ...

Sayward Capital Corp. Signs Definitive Agreement with Technosteel Construction ( ...

24th Dubai Airport Show concludes on overwhelming response from aviation industr ...

Dubai Land Department reinforces principles of transparency and promotes a cultu ...

UAE and Bahrain Announce Entry into Force of the Investment Promotion and Protec ...

Emirates Group achieves record profit of AED 22.7 bn (US$ 6.2 bn) in 2024-25

Dubai Health Authority launches NABIDH Clinical Portal Training to Enhance Healt ...

Tashkeel Launches Summer CampProgramme 2025 with Hands-On Creative Workshops Led ...

Fakhruddin Properties Launches Dubai's First In-Building Waste Management System ...

NEOM launches 'Champions of Progress' initiative with AFC support to develop foo ...

UAE Team Emirates-XRG take aim at defending Giro d'Italia title as Grand Tour se ...

Global Police Leaders, Decision-Makers, and Technology Experts to Convene in Dub ...

DAE Completes US$2.0 billion Acquisition of Nordic Aviation Capital

Organised in strategic partnership with HOUSE of PIANOS and Steinway & Sons Duba ...

UAE Launches First National Food Loss and Waste Baseline Study

DoubleTree by Hilton Sharjah Waterfront Hotel & Residences Partners with GEMS Ed ...