Iraq Stock Exchange Index To Lead Arab Stock Markets In October 2024
Economy | 02/12/2024 Mawazine News – Baghdad The Arab Monetary Fund announced in its monthly report for October 2024 the distinguished performance of Arab financial markets, as the Iraq Stock Exchange topped the list of best performing markets during the month, recording a growth of 12.39%, ahead of the rest of the markets in the region.
According to the report, a copy of which was received by Mawazine News, "The Damascus Stock Exchange came in second place with a growth of 6.99%, while the Dubai and Amman stock exchanges witnessed an improvement of 1.94% and 1.35%, respectively. The Muscat, Bahrain and Kuwait stock exchanges also recorded slight increases of less than 1%."
In this context, the Chairman of the Securities Commission, Faisal Al-Haimus, stated: "This distinguished performance of the Iraq Stock Exchange reflects the positive developments in the local economic environment and the regulatory reforms implemented by the Commission to enhance the attractiveness of investment in the Iraqi financial market.
We will continue to work to provide a stable and transparent investment environment that enhances investor confidence and contributes to supporting the national economy."
Al-Haimas stressed that this achievement is an additional incentive to continue efforts aimed at developing the Iraqi financial market and enhancing its role as an engine of economic growth in Iraq.
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