Iraq Stock Exchange index declines in March’s second week
The Iraq Stock Exchange. Photo: INA
Baghdad (IraqiNews.com) – The Iraq Stock Exchange announced on Thursday that trading indicators declined after transactions in the second week of March were completed.
The Iraq Stock Exchange mentioned in a statement that it organized five trading sessions during the second week of the current month, from Sunday, March 10, to Thursday, March 14, according to Shafaq News.
The statement clarified that the number of traded shares exceeded four billion, with a value surpassing five billion Iraqi dinars (nearly $3.82 million).
The statement elaborated that the trading index for the first session of the week closed at 925.19 points, and at the end of the week it closed at 903.01 points, representing a decrease of 2.46 percent compared to the first session.
More than 3204 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.