Iraqi Shares Out-Perform World Markets

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Iraqi Shares Out-Perform World Markets

 

5th January 2023 in Investment - By John Lee.

 

The Iraqi stock market, as measured by Rabee Securities ISX Index, has out-performed the main international markets over the past year, closing at IQD910.3 / $774.8 (-0.8%/-3.8% YTD change). (Please note: USD RSISX Index was updated for year-end closing with FX rate of 1525 (Dec. 29)).

 

This fall of 3.8 percent in dollar terms in 2022 compares favourably to the MSCI World Index (down 19.5 percent), the MSCI Emerging Market Index (down 22.4 percent) and the MSCI Frontier Market Index (down 26.3 percent). The tech-heavy NASDAQ was down 33 percent for the year.

 

Top 5 Gainers in 2022
Company Name	ISX Code	Closing Price	Price Chg (YTD)
		IQD	%
Mamoura Real-estate Inv.	SMRI	9.450	287.3%
Mansour Hotel	HMAN	37.000	252.4%
The Light and Mining Ind. (UCM)	ITLI	0.850	174.2%
Iraqi Engineering Works	IIEW	6.100	136.4%
Ishtar Hotels	HISH	9.900	115.2%

 

(Sources: Rabee Securites, www.investing.com)

 

https://www.iraq-businessnews.com/2023/01/05/iraqi-shares-out-perform-world-markets/