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Politics

Cleric Sadr meets Iraq PM Abadi, hinting at coalition

Iraqi Prime Minister Haider al-Abadi met with Moqtada al-Sadr on Saturday, less than 24 hours after the Shi’ite cleric’s bloc was declared winner of Iraq’s parliamentary election, the clearest sign yet they could work together to form a coalition. “During our meeting, we agreed to work together and with other parties to expedite the process of forming a new Iraqi government,” Abadi said at a joint press conference. “It will be a strong government, capable of providing to its citizens services, security and economic prosperity,” Abadi added. Sadr, a long-time adversary of the United States who also opposes Iranian influence in Iraq, cannot become prime minister because he did not run in the election. However, his bloc’s victory puts him in a position to have a strong say in negotiations. His Sairoon electoral list captured 54 parliamentary seats, 12 more than Abadi’s. “Our door is open to anyone as long as they want to build the nation, and that it be an Iraqi decision,” Sadr said.

Source: https://www.reuters.com/article/us-iraq-election/cleric-sadr-meets-iraq-pm-abadi-hinting-at-coalition-idUSKCN1IL071?rpc=401&

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 963.1 4.9% 32.8%
USD RSISX 848.6 5.0% 28.0%

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Code Closing (IQD) % Chg
BLAD 0.220 15.8%
VKHF 0.100 11.1%
BIME 0.220 10.0%
BBAY 0.120 9.1%
BELF 0.480 9.1%

Worst Performers

Code Closing (IQD) % Chg
IMIB 2.500 -3.8%
TZNI 2.250 -2.2%
SMRI 2.330 -2.1%
BCOI 0.700 -1.4%
IICM 0.840 -1.2%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
BNOI 756.6 513.6
BBOB 521.4 354.0
BMNS 189.0 128.3
TASC 171.3 116.3
IBSD 110.6 75.1

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 171.6 116.5
Banking 1,760.3 1,195.0
Industry 221.3 150.2
Hotels & Tourism 4.6 3.1
Services 76.1 51.7
Agriculture 19.5 13.3
Insurance - -
Investment 0.3 0.2
Total 2,253.8 1,530.1