Rabee Securities, Iraq’s leading financial services firm, reported a 1.6% growth in the Rabee Securities Iraq Stock Exchange Index (RSISX Index) for March 2025. This performance emerges as a standout achievement during a period where regional markets experienced varied economic pressures.
While markets such as Dubai, Abu Dhabi, Qatar, Muscat, and Saudi Arabia recorded declines of 4.5%, 2.3%, 2.0%, 1.6%, and 0.7% respectively, Iraq’s financial sector demonstrated resilience and strategic adaptability. The RSISX Total Return (RSISXTR) Index reported an even stronger growth rate of 2.0%, driven by effective dividend management, strong investor engagement, and a steady flow of capital into key sectors.
The broader regional landscape continues to navigate complex global economic conditions. Despite these challenges, Iraq’s financial markets have shown robust performance and continued growth. Excluding cross transactions, monthly trading volume increased by 31% to USD 26.9 million, reflecting sustained investor confidence and a proactive approach to market opportunities.
According to Tugba Tan Karakaya, Equity Analyst at Rabee Securities, the consistent growth in trading volume underscores Iraq’s ability to attract and retain investor interest. “The continued momentum in trading activity reflects a resilient investor base that recognises the potential within Iraq’s financial markets. We are seeing substantial engagement across key sectors, with the banking sector particularly demonstrating strong performance and investor interest.”
Strategic economic initiatives during March further highlighted Iraq’s capacity to strengthen its economic foundations. The establishment of the National Mobile Telecommunications Company (NMTC) in partnership with Vodafone Group to develop the country’s 5G network exemplifies a forward-looking vision aimed at enhancing infrastructure and revenue generation. Additionally, the $25 billion agreement with BP to develop four oilfields in Kirkuk, aiming to increase oil output by 450,000 barrels per day and elevate natural gas production to at least 400 million cubic metres annually, is expected to provide a substantial boost to the nation’s economic landscape.
The Central Bank of Iraq’s partnership with Emirates Islamic Bank to enhance cooperation in Islamic banking is another critical step in diversifying Iraq’s financial ecosystem. By expanding correspondent accounts and enabling Iraqi customers to invest in Islamic sukuks, this collaboration aims to broaden investment opportunities and foster greater financial inclusion.
Rabee Securities’ consistent performance against a challenging regional backdrop highlights Iraq’s resilience, adaptability, and forward-thinking approach. As markets across the region continue to navigate complex conditions, Rabee Securities remains committed to delivering critical insights and strategic guidance to investors seeking sustainable growth.
