The Iraqi market suspends its activity for 6 days

[HowieC]

The Iraqi market suspends its activity for 6 days

Economy

Iraq Stock Exchange

2024-04-08 03:39

Shafaq News/ The Iraq Stock Exchange announced, on Monday, the suspension of its activity for a period of six days.

The market stated, in a statement received by Shafaq News Agency: “Based on the Council of Ministers’ decision to declare a six-year official holiday for Eid al-Fitr, the market’s activities and trading sessions will stop for six days.”

He explained, "The holiday will be starting Tuesday, April 9, and trading sessions will resume on Sunday, April 14."

It is noteworthy that the Iraq Stock Exchange organizes five trading sessions weekly from Sunday to Thursday, and 103 Iraqi joint stock companies are listed, representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism, hotels and services.

 

SHAFAQ.COM

shafaq.com

[HowieC]

Sorry........Guess I didn't look for this post in RUMORS  🙄 😂

[Officiallytook]

(rubbing hands together greedily) 🧐 

 

LoL I know it means nothing but one can only hope

Edited April 8 by Officiallytook

[horsesoldier]

Nothing to be excited about... just time for all Iraqi businesses to recalibrate their Abacus.

[screwball]

4 hours ago, Officiallytook said:

(rubbing hands together greedily) 🧐 

 

LoL I know it means nothing but one can only hope

maybe launching their new index will be done during this time, who knows

[southbeach]

2 hours ago, screwball said:

maybe launching their new index will be done during this time, who knows

Winner.  Hopefully.

[screwball]

1 hour ago, southbeach said:

Winner.  Hopefully.

 

I actually wondered if the new index would launch with new rate....maybe just maybe we are onto something.

[ScaryMary]

Six year official holiday….

Sounds about right for Iraq 

[screwball]

See my new thread about new index….mods it’s double post I had a iPad meltdown, can you please delete one! 

[screwball]

See my new thread about new index….mods it’s double post I had a iPad meltdown, can you please delete one! 

[screwball]

https://www.zawya.com/en/press-release/companies-news/new-index-launched-for-iraq-market-ifa3oip0
 

so they been calculating index since 2007….The new index, named the "RSISX Total Return (RSISXTR) Index incorporates both price changes and dividend incomes.:”  

[NWGUY]

On 4/8/2024 at 11:25 AM, HowieC said:

Sorry........Guess I didn't look for this post in RUMORS  🙄 😂

 

It is okay Howie...we just appreciate the effort of bringing information to us.   Thank you...much appreciated!