NEW & NOTEWORTHY  Rabee Securities (RS) was granted the first license to trade on the Erbil Stock Exchange (ESX).

Economics

Heavy taxes result in higher prices in Iraq

The Iraqi federal government started imposing higher taxes, despite lacking factories that can suffice the local consumption. In 2018 budget, the government imposed “heavy” taxes, but the recent ones affected the consumption commodities which shall be paid by the ordinary consumers. According to Iraqi economic experts, the new taxes were imposed upon the demands of the International Monetary Fund in order to get IQD13 trln from the taxes and fees, which revealed “the weakness of the state”. The new taxes will last for the coming four years, which ranged from 20% to 100%.

Source: http://www.iraqtradelinknews.com/2018/06/heavy-taxes-result-in-higher-prices-in.html

News archive

RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 573.6 -1.4% -13.0%
USD RSISX 617.4 -1.4% -13.1%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
IMOS 4.410 10.0%
AIPM 4.150 6.4%
SMRI 1.560 2.6%
IHLI 0.410 2.5%
IMIB 1.860 2.2%

Worst Performers

Code Closing (IQD) % Chg
BUND 0.080 -11.1%
BMNS 0.620 -4.6%
IBSD 2.920 -2.3%
HNTI 7.900 -1.9%
INCP 0.670 -1.5%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
IHLI 96.3 79.8
HBAY 51.3 42.5
IBSD 37.1 30.7
BMNS 32.4 26.9
IMIB 20.6 17.1

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 19.9 16.5
Banking 95.1 78.8
Industry 169.6 140.7
Hotels & Tourism 53.1 44.0
Services 16.7 13.8
Agriculture 12.1 10.0
Insurance - -
Investment - -
Money Transfer - -
Total 366.5 303.9