FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2012
IRAQ STOCK EXCHANGE
CAPITAL MARKET DEVELOPMENT AND ECONOMIC OUTLOOK
ISX Statistics 2011
ISX organized (232) trading sessions in an
average of five sessions weekly from Sunday to
Thursday, traded by (83) companies out of (87)
listed companies, the number of shares traded
reached to (492) billion share, volume was (941)
billion ID which is equivalent (784) million US$
through trading (132574) ticket. The last session
for 2011 was held Tuesday 20th December. The
Market Capitalization for listed shares in ISX is
(4930) billion ID which is equivalent (4) billion
US$.
ISX price index
On 2011 ISX price index closed on (103.11)
points at the end of first trading session and on
(136.03) points at the end of the trading year.
ISX index centesimal record is based on
the Fluctuation of shares prices for 40 listed
companies.
Change%
2 2011
87 2010
85
-
92
135
131
85
34.71
43
33
136 83
492
941
784
132,574
136.03
4,930
4,108
3,379 83
255
400
339
71,722
100.98
3,446
3,082
1,430
No. listed companies
No. trading companies
No. traded shares(billion)
Trading volume (billion Dinar)
Trading volume (million US$)
No. executed Tickets
ISX index (point)
Market Capitalization (billion Dinar)
Market Capitalization (billion Dollar)
Daily trading rate(million Dollar)
ISX PRICE INDEX 2010, 2011
2010
2011
160
150
142.76 142.45
140
120
123.67
126.98
128.29
142.46
145.18
133.01
131.67
136.03
127.32
100 116.44
80
60
40
93.96 92.99 90.71
Jan Feb Mar
94.07 92.74 93.56 92.75 91.47 90.55
Apr May Jun Jul Aug Sep
92.88
95.72
100.98
20
0
Non-Iraqis trading 2011
Number of bough shares for non-Iraqis (82.7)
billion share value (147) US$ million through
executing (22549) tickets. Number of sold
shares for non-Iraqis (18.7) billion shares by
value (41) US$ million through executing (3985)
tickets.
Trading Time
Trading session:
Trading session starts at 10 a.m. and continues
for two hours which ends up at 12 p.m. Prices
are the first condition to execute orders giving
regular orders priority over cross orders
Special conditions orders 12-12:30.
This session is organized from 12 to 12:30 p.m.;
right after the end of regular trading session
and lasts for 30 minutes only. ISX authorizes
transactions equal or exceeds (500) million IQ
to be executed during this session if brokers
submit written requests stating their bids and
asks to ISX authority beforehand.
During 2011, ISX received (21) orders from
(8) companies executed by (83) tickets. The
number of shares traded in those sessions are
(139) billion shares and the value was (245)
million dollars.
2011
PAGE 64
Nov
Dec
2010
sell buy sell
18
41
3,985
73
210 82
147
22,549
79
232 5
7
792
60
157
Clearing and Settlement
ISX trading rules for transactions clearing and
settlement are as follows:
1. Brokers must know numbers of shares for
the seller before entered the orders in the
system T+0.
1. Buyers must deposit the shares value in
the settlement bank before submitting his
order. Operation department in ISX update
the information for buyers based on the
investor account shown in daily settlement
bank report.
Shares price limits:
1. Share price of new listed companies is open
and does not follow any limit in the first
trading session only.
2. Up and down fluctuation of share prices
must not exceed 10% of the closing price.
Key Information Contacts
Iraq Association of Securities Dealers www.iasd-iq.org
Iraq Central Bank www.cbiraq.org
Oct
buy Operation Kind
36
52
6,121
73
226
Traded Shares (billion)
Trading Volume (million US$)
No. of Transaction
No. of Traded companies
No. of Sessions
3. A
fter capital increase, shares are returned
back to trading in ISX the entry price (EP)
will be fixed according to previous capital
(CAP*), previous close price (CP), nominate
price (NP) and the new capital (CAP1) and
cash dividend (CD) to determine the limit of
prices for the first trading session.
4. EP= (CAP * CP + CAP * NP / CAP1) – CD
Price Limits
After E- trading launched in April 19th, 2009 the
price limit 10% from the closing price for the
last trading session, and the unit price change
is 10 fils.
Brokerage firms
Currently there are a total of 48 licenses brokers
who are active on the ISX. Brokers are licensed
and regulated by the ISC.