New index launched for Iraq market

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

 

New index launched for Iraq market

Stock exchange market display screen board. Image Courtesy: Getty Images
Getty Images/Getty Images

Allowing them a better understanding about their investment performance in public listed companies

Press Release

 

March 11, 2024

 

 

EQUITIES

Investors in the Iraqi market have now a new index which they can incorporates both price changes and dividend incomes, allowing them a better understanding about their investment performance in public listed companies. 

Aysegul Ozge Ozgur, Head of Research at Rabee Securities said : “ We introduced a separate total return index to better cater to the market's needs. The new index, named the "RSISX Total Return (RSISXTR) Index incorporates both price changes and dividend incomes.:”

Aysegual added: “ RSISXTR Index which was launched recently offers investors a comprehensive view of total returns and stands apart from the existing RSISX Index, which solely reflects price changes. Commencing its computation in 2021, the RSISXTR Index complements the longstanding price return index, the RSISX Index, which has been calculated since 2007. Notably, all other computational methods and assumptions remain consistent across both indexes.”

When the performance of the 2 indexes is compared in the first 2 months of 2024, RSISX Index increased by 8.1% while RSISXTR Index increased by 8.9% because two companies decided to distribute dividends during

hmmmm…since 2007. By memory they were supposed to launch a new index back in 2013 last time they were going to RV and delete zeros! Coincidence? Who knows not me! 

[screwball]

Just now, screwball said:

The new index, named the "RSISX Total Return (RSISXTR) Index incorporates both price changes and dividend incomes.:”

And have been calculating since 2007 so what does this mean? Last time they talked about launching a new index was back in 2013 same time as talking about deleting zeros! Things that make you go mmm!