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Economics

Cabinet to Pay May Salaries of State Employees

The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of PM Mustafa Al-Kadhimi. The Cabinet discussed Iraq's national efforts to combat Covid-19, and received a briefing from the Minister of Health who reiterated the importance of continuing to follow official health advice, social distancing measures and abiding by the curfew. The Cabinet discussed measures to mitigate the effects of the economic crisis on citizens, cut the deficit and maximize non-oil revenues. Following discussions, the Cabinet decided to authorize the payment of the salaries of state employees for May in full, and declare 21 - 28 May as Eid Al-Fitr holiday, and impose a total curfew during this period.

Source: https://www.iraq-businessnews.com/2020/05/21/cabinet-to-pay-may-salaries-of-state-employees/

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 556.2 -0.7% -15.6%
USD RSISX 577.5 -0.7% -17.6%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
TASC 6.990 2.0%
INCP 2.280 0.9%
HSAD 11.550 0.4%
- - -
- - -

Worst Performers

Code Closing (IQD) % Chg
IMOS 6.300 -5.0%
HPAL 8.370 -4.9%
BNOI 0.500 -3.8%
SKTA 3.450 -2.5%
BCOI 0.430 -2.3%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
IBSD 282.4 225.9
BAIB 220.0 176.0
BMNS 144.4 115.5
BBOB 125.5 100.4
TASC 76.7 61.3

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 76.7 61.3
Banking 513.7 411.0
Industry 388.9 311.1
Hotels & Tourism 29.7 23.8
Services 15.4 12.3
Agriculture 0.9 0.7
Insurance - -
Investment - -
Money Transfer - -
Total 1,025.3 820.3