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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,

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  • yota691 changed the title to Iraqi Shares Out-Perform World Markets

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