ISX is an acronym that stands for "Iraq Stock Exchange." It refers to the only stock exchange present in Iraq, located in Baghdad. The ISX plays a pivotal role in the country's financial market landscape, serving as a crucial platform for the buying and selling of publicly-traded stocks and securities. It functions as a marketplace where Iraqi companies and businesses can issue shares to raise capital from investors.
Established in June 2003 following the fall of the Saddam Hussein regime, the ISX originally commenced operations with only a few listed companies. Over time, it has experienced significant growth and development, attracting numerous local and foreign firms. Today, the ISX consists of over a hundred listed companies from various sectors, including banking, industry, telecommunications, and agriculture.
The ISX operates through an automated electronic trading system, where investors can trade shares through licensed brokerage firms. Trading hours usually occur on weekdays from Sunday to Thursday, with the exchange following international standards in terms of transparency and trading regulations. Market data and information are regularly disseminated to market participants, enabling them to make informed investment decisions.
Despite facing challenges such as political instability and regional conflicts, the ISX continues to contribute to Iraq's economic growth by facilitating investment opportunities, expanding and diversifying the country's capital markets, and attracting both local and international investors.
