ISX Indicators 2022
The Iraq Stock Exchange organized 236 sessions over the course of the year 2022. Five trading sessions are organized per week, from Sunday to Thursday.
No. of companies traded reached 92, out of 103 listed ones. The volume of traded shares arrived at 564,921,572,564 ones. The value of those traded shares totaled IQD 521,518,741,894. Which are equal to US $ 394,492,240. The No. of Tickets 135,597 were executed. The ISX60 market index of 2022 closed at 585,950 points.
ISX Plans 2023
The Iraq Stock Exchange Board of Governors and Administration, in cooperation with the Iraqi Securities Commission, set out key activities and project milestones for 2023 based upon the following principles:
1.Continuing to practice activities of trading securities, and to achieve the goals stipulated in Interim Law No. 74 of 2004 pursuant to the relevant regulations.
2.Implementing required development plans, on equal terms with the ISX’s Arab and international counterparts.
3.Working in cooperation with institutions that aim to develop the business sector, the financial markets sector and joint-stock companies in Iraq.
The 2023 annual plan of the Exchange involves:
Organizing trading sessions and activities to deal in securities of listed companies and government bonds.
a.Holding 235 trading session.
b.Executing share settlement and clearing processes.
c.Continuing to disclose quarterly and annual disclosure statements, extraordinary significant events and decisions approved by general assemblies of the ISX-listed corporations.
d.Monitoring trading activities made by brokerage firms depending on the types of orders issued by traders, and prices of the traded securities, and ensuring their relevance to the determinants of the electronic systems
employed by the Exchange.
e.Launching the investor-dedicated online trading
service as OMS of January 2023.
Technical and Technological Development and Training
a.Releasing the update of the X-stream electronic trading system, which was prepared by the Nasdaq Technologies’ Company, and reviewing development schemes regarding the X-stream Central Securities Depository system, that are planned for 2024.
b.Implementing the regulation for margin trading that was issued by the ISC.
c.Executing the regulation for transferring ownership of unlisted securities on the OTC Market platform to unlisted banking companies.
d.Launching the services of the custodian bank.
e.Develop the ISX website.
Disseminating A Culture of Trading in Securities
a.Issuing daily, monthly and yearly bulletins and reports.
b. Publishing financial position statements of the Exchange-listed shareholding companies on the websites of the ISX and the IDC.
c.Pursuing quarterly and annual disclosures of listed joint-stock companies’ financial statements, in a way that conforms with prevailing standards.
d.Cooperating with Iraqi and foreign media outlets in introducing the public and propagate a culture of trading in securities.
e.Continuing to release trading indicators of the ISX through various specialized platforms that include those of the Arab Monetary Fund (AMF), FEAS and AFCM.
f.Holding courses, seminars and workshops, that take place at the Exchange’s headquarters or on campuses of Iraqi universities.
g.Carrying out programs formulated in cooperation with Iraqi universities and to provide post-graduate students and researchers with statistics, indicators and other related technical material required to be included in their dissertations, studies, and reports.