Dubai PR Network, Online Press Release from Dubai and Middle East
Business, Banking, Investment, Insurance(Banking & Investments)
Filter PR by

New Index launched for Iraq Market


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 the first two months of 2024; Iraqi for Seed Production (dividend yield: 8.7%) and Iraqi Agricultural Products Marketing Meat (dividend yield: 1.0%). 

In the first two months of 2024), the Rabee Securities Iraq Stock Exchange Index (RSISX Index) increased 8.1% in both USD and Iraqi Dinar (IQD) terms mainly due to the increase in share prices of National Bank of Iraq, Fallujah for Construction Materials, Commercial Bank of Iraq, and Asiacell. In 2M24, the share prices of 8 out of the 10 RSISX Index companies recorded an increase.  

The total trading volume of the ISX decreased 36% in 2M24 compared to 2M23 to USD102.2 million. Excluding the cross transactions, total trading volume almost doubled in the first two months, increasing 94% compared to the same period of the previous year to USD55.1 mn. The banking sector obtained the highest share in trading volume at 79.4%, followed by the industry sector (11.1% share), telecom sector (4.5% share), services sector (2.2% share), and hotels & tourism sector (2.0% share).

42 companies’ share prices grew in 2M24, 34 of which increased by 5.0% and more, while 22 increased by more than 10.0%. Al -Khazer for Construction Materials increased the most going up 86.9% during the 2M24, followed by Ashour Hotel with an 84.9% increase.

Posted by : Editorial Team
Viewed 10705 times
PR Category : Banking & Investments
Posted on : Monday, March 11, 2024  1:48:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Previous Story : Intersec launches new global platform for excellence in poli...
Next Story : National Bank of Fujairah PJSC (NBF) approves dividends of 1...
Email this article Print this article

Share this article with your friends and followers
Most Viewed Press Release posted in the last 7 days
Catrice Unveils the Spring/Summer 2024 Collection: Introducing Shine Bomb Lip Lacquer! [25071-Views]
Unleash Your Inner Royalty with “Call me Queen” Dramatic False Lash Effect Mascara by esse... [24957-Views]
Pogačar takes second victory in a row at Giro D'Italia [21689-Views]
WFP News Video: WFP Warns Unprecedented Drought and Floods Causing Surge in Climate Relate... [21636-Views]
POCO Sets New Standard with Global Launch of F-Series in Dubai [20607-Views]
Pogačar triumphs on Queen stage of Giro D'Italia [19311-Views]
Pogačar second on Giro climb of Passo del Brocon [16699-Views]
Porsche Becomes Third Major Manufacturer To Commit To Formula E's Gen4 Era Until At Least ... [13538-Views]
TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances in Istanbul [9815-Views]
Rick and Morty x SHEGLAM: Jump into an Interdimensional Makeup Adventure [8856-Views]
Beauty Meets Technology: CHATEAU BERGER Cosmetiques Unveils its Cutting-Edge Skincare Line... [7560-Views]
Noatum Launches Maritime Services in Türkiye [7491-Views]
Mubadala Investment Company Reports 2023 Financial Results [7396-Views]
GEMS Modern Academy honoured with NAFIS Award for outstanding support of Emiratisation [6691-Views]
AUS named among top 125 in THE Young University Rankings 2024 [6597-Views]
AW Rostamani Group Drives Sustainable Mobility at Electric Vehicle Innovation Summit With ... [6494-Views]
The Treasures of the Library Exhibition at Mohammed Bin Rashid Library… A Museum of Cultur... [6408-Views]
Alpen Capital Report highlights investment opportunities amid strengthening investment tie... [6187-Views]
Eid Al-Adha at Bawabat Al Sharq Mall: Mark Your Calendars for Great Family Fun & Big Wins... [6175-Views]
TCL Middle East & Africa showcases their latest line-up of products in Istanbul [6093-Views]
Opening Soon: Union Coop Announces Completion of Silicon Oasis Center [6076-Views]
Hamdan bin Rashid Al Maktoum Centre for Giftedness and Innovation Team Achieves First Rank... [6019-Views]
Largest ever edition of the International Exhibition for National Security & Resilience ge... [5908-Views]
Styched Sets Sights on UAE's Booming Fashion Market [5769-Views]
Cartier Spring-Summer 2024 Trinity Eyewear Limited Edition [5724-Views]
RSS Facebook Twitter LinkedDin on Instagram
Back to Section Home

Related Stories

Top Sections
Top Stories