Iraq Stock Exchange index climbs in April’s first week
Iraqi stock traders speak on the phone at the Iraq Stock Exchange in Baghdad. Photo: AP
Baghdad (IraqiNews.com) – The Iraq Stock Exchange announced on Thursday that trading indicators rose after transactions in the first week of April were completed.
The Iraq Stock Exchange mentioned in a statement that it organized five trading sessions during the first week of the current month, from Sunday, March 31, to Thursday, April 4, according to Shafaq News.
The statement clarified that the number of traded shares exceeded eight billion, with a value surpassing 12 billion Iraqi dinars (approximately $9.16 million).
The statement elaborated that the trading index for the first session of the week closed at 851.30 points, and at the end of the week it closed at 883.48 points, representing an increase of 3.64 percent compared to the first session.
More than 3053 sale and purchase contracts were concluded on shares of companies listed on the Iraq Stock Exchange in the same period.
The Iraq Stock Exchange announced earlier that shares valued at over 671 billion dinars (approximately $508 million) were traded in 2023.
According to a market report, 237 trading sessions on shares of joint-stock companies were organized during the past year, representing an increase of 0.4 percent compared to the number of trading sessions organized in 2022.
The report revealed that approximately 689.62 billion shares, worth $508 million, had been traded in 2023.
The report also noted that the concluded sale and purchase contracts reached 155,920, representing a 15 percent increase compared to 2022.