Thursday, December 5, 2024

Banks are the most traded sector in the Iraqi market in terms of value, 5 dec

 Banks are the most traded sector in the Iraqi market in terms of value

Economy News _ Baghdad

The Securities Commission announced on Wednesday that the banking sector was the most traded in the Iraq Stock Exchange in terms of value for the third quarter of 2024.

The authority said in a report seen by “Economy News”, that “the value of trading in the Iraq Stock Exchange rose to 158.5 billion dinars for the third quarter of 2024 compared to the same period of 2023, which amounted to 94.3 billion dinars.”

She added that “the banking sector ranked first in the value of trading with nearly 88.8 billion dinars, and came in second place the industrial sector with a trading value of 23.8, followed by the telecommunications sector in the third place and the value of trading amounting to 8.6 billion dinars.”

The authority pointed out that “investment sales to non-Iraqis in the Iraq Stock Exchange for the third quarter of 2024 amounted to 18 million and 39 thousand dinars, while their sales amounted to 42 million and 479 thousand dinars.”

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