The Federation of Euro-Asian Capital Markets
About Company
Iraq Stock Exchange
Jimmy A. Tomma
Chief Executive Officer
Address: Al-Karadha Al-Sharqiya / Al-Alwiya
District/sec 903/ St 11, Baghdad, Iraq
Contact Person: Shahad Emad Alkhyat
Email: isx-relations@isx-iq.net
-Joined FEAS in 2005-
I am pleased to present this brief report on the performance of the Iraq Stock Exchange (ISX) in 2024, highlighting our key achievements, challenges, and a comparison with the previous year, 2023. The year 2024 witnessed significant growth in market indicators, with an increase in trading volume and the number of transactions, reflecting greater investor confidence and an improved investment environment in Iraq. This growth was driven by regulatory reforms, an expanded investor base, and enhanced transparency and financial disclosures by listed companies. Compared to 2023, we saw notable improvements in market liquidity and an increase in new listings, making our market more attractive to both local and foreign investors. Despite these achievements, the year was not without challenges. We faced economic fluctuations that affected certain listed sectors, as well as regulatory challenges in aligning the market with international standards to attract more foreign investment. Additionally, the rapid advancements in financial technology posed a challenge in upgrading our digital infrastructure to meet the evolving needs of investors and financial institutions. Regarding our 2024 objectives, we successfully achieved many of our key targets, particularly in enhancing market efficiency, expanding financial services, and improving transparency and disclosures. However, there is still more work to be done to achieve deeper integration with regional and global markets, strengthen technological capabilities, and diversify the financial instruments available to investors. We are optimistic that 2025 will bring new opportunities for growth, and we look forward to further collaboration with the Federation of Exchanges to strengthen the role of the Iraq Stock Exchange at the regional and international levels.
Year in review