The Rabee Securities Iraq Stock Exchange Index (RSISX Index) experienced a modest 0.6 per cent growth in October 2025, reflecting cautious investor sentiment ahead of Iraq’s parliamentary elections on November 11. Key contributors to this performance included National Bank of Iraq, Baghdad Soft Drinks, Asiacell, and Al-Mansour Hotel. The total trading volume on the Iraq Stock Exchange (ISX) surged by 87 per cent to $40.2 million, driven by cross transactions. Excluding these, trading still grew by 28 per cent to $19.1 million. The banking sector dominated trading activity with a 61.6 per cent share, followed by industry (28.5 per cent), telecom (4.8 per cent), and other sectors. Meanwhile, the over-the-counter (OTC) market saw a 15 per cent decline in trading volume to $177,700. Among the 27 companies that saw share price increases, Modern Construction Materials led with a 61.4 per cent rise, followed by Electronic Industries at 23.9 per cent. Tugba Tan Karakaya, Equity Analyst at Rabee Securities, noted that the rise in trading volume indicates improved market activity and stronger local investor participation. Significant developments in October included the Iraqi Securities Commission’s approval of membership requirements for brokerage firms to trade on the Tabadul platform of the Abu Dhabi Securities Exchange (ADX) and the launch of a €40 million Credit Guarantee Fund by the International Labour Organization (ILO) to support small and medium enterprises (SMEs). According to the World Bank’s MENAAP Economic Update, Iraq’s real GDP is projected to grow by 6.7 per cent in 2026, the highest among Arab countries, driven by energy sector recovery, rising oil exports, and government efforts to diversify income sources.
RSISX index posts modest 0.6 per cent growth ahead of Iraq’s parliamentary elections
