Iraq Securities Commission announces the financial performance indicators for 2024 and confirms the development of Iraqi Stock Market

Iraq Securities Commission announced the key financial and economic indicators for 2024, highlighting the notable growth in the performance of Iraqi financial market and the expansion of its activities, reflecting the increasing confidence in the market and its role in supporting the national economy.

The number of companies listed and registered on Iraqi stock market reached 112 joint-stock companies, distributed as follows:

The number of companies listed on the regular trading platforms, secondary trading, and non-disclosed ones reached 104 companies.

The number of companies registered on the unlisted companies platform (ISX-OTC) was 8 companies.

Government Bonds

The market traded several types of government bonds, including:

Building Bonds – Two issues with two categories.

Reconstruction Bonds – Three issues with two categories.

Achievement Bonds – Two issues with two categories.

Bond Trading Indicators for 2024

The market traded 25,000 bonds from the second issuance of the Building Bonds, with a total value of 24,124,525,000 dinars.

The market traded 5 bonds from the first issuance of the Reconstruction Bonds, with a total value of 4,920,000 dinars.

Stock Trading Indicators for 2024

The market saw significant activity in stock trading:

The number of shares traded was 809,708,623,733 shares, an increase of 17% compared to 2023.

The value of the shares traded was 690,408,795,990 dinars, an increase of 3% compared to 2023.

The number of contracts executed was 182,967 contracts, an increase of 17% compared to 2023.

Market Indicators

The ISX60 index closed at 1073.84 points on the last session of December, an increase of 20.23% from the close of 2023.

The ISX15 index closed at 1174.65 points, achieving an increase of 10.12% from its launch value.

The market capitalization for 2024 reached 22,325,544,721,711 dinars, an increase of 19% compared to 2023.

Trading via the ISX-OTC Platform

The platform traded 5,982,484,498 shares with a total value of 2,591,438,576 dinars, through 2,295 transactions on the shares of three listed companies (Warka Bank, Al-Rabeeh Brokerage, and Al-Karmal Brokerage).

The market capitalization of the platform reached 105,702,830,262 dinars.

Company News

72 joint-stock companies held their annual general meetings.

80 companies submitted their financial statements for 2023.

17 companies approved increasing their capital according to company law.

22 companies distributed dividends to their shareholders.

Mr. Faisal Al-Haimus, Chairman of the Securities Commission, stated: "The positive indicators achieved by the Iraq Stock Exchange in 2024 reflect the significant efforts made by the Commission to regulate the market and enhance transparency and confidence. We are committed to continuing the development of the financial market to be a fundamental pillar supporting the national economy and attracting more local and international investments." He added: "We look forward to achieving greater accomplishments in the coming year, with an emphasis on enhancing the market's infrastructure and expanding participation from both the public and private sectors.

The Commission announced that the first stock trading session for 2025 will be held on Tuesday, January 7, 2025, according to the official trading schedule.