Iraq stock market rises strongly in the first week of August, showing a positive start to the month. The ISX60 index gained 8.16% over five trading days. Investors showed strong activity, driving both share volume and value higher.
During the week, more than 5 billion shares were traded. The total value of these transactions exceeded 16 billion Iraqi dinars, equal to about $11.4 million. This sharp increase reflects growing confidence among traders and investors.
The ISX60 index began the week at 881.94 points. By the end, it closed at 960.27 points, marking a solid performance. The ISX15 index, which tracks the 15 most active stocks, also rose. It gained 5.20%, moving from 1,068.87 points to 1,127.47 points.
Over five sessions, 6,797 contracts were completed for shares in listed companies. This level of activity highlights strong market participation. Traders actively bought and sold shares across multiple sectors, contributing to the index’s rise.
Market analysts suggest that several factors may have influenced this growth. Positive investor sentiment, stable trading conditions, and stronger demand for certain stocks supported the rally. Additionally, consistent liquidity in the market allowed for smoother transactions.
This momentum could set the tone for the rest of the month. Continued interest from local and regional investors may help sustain the gains. Both individual and institutional traders appear to be seeking opportunities in Iraq’s growing capital market.
As Iraq stock market rises, it signals renewed optimism in the country’s financial environment. Investors are responding to improved market stability and increased transparency. This may encourage more participation in the coming weeks.