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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 658.4 0.3% -0.1%
USD RSISX 689.2 0.3% -1.7%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
AIRP 12.100 10.0%
BLAD 0.120 9.1%
BBOB 0.390 5.4%
BIIB 0.440 4.8%
SMOF 16.900 1.5%

Worst Performers

Code Closing (IQD) % Chg
BGUC 0.130 -7.1%
HKAR 0.770 -3.7%
SKTA 4.600 -2.3%
BCOI 0.450 -2.2%
IMIB 2.550 -1.5%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
BBOB 392.3 316.4
IBSD 102.0 82.3
SKTA 63.8 51.5
IMAP 28.8 23.2
IITC 14.7 11.9

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 4.1 3.3
Banking 427.6 344.9
Industry 157.9 127.3
Hotels & Tourism 13.2 10.7
Services 85.0 68.5
Agriculture 1.3 1.1
Insurance - -
Investment - -
Money Transfer - -
Total 689.2 555.8