Yearbook 2017
Iraq Stock Exchange
Mr. Taha A. Abdulsalam
CEO of Iraq Stock Exchange
About Iraq Stock Exchange
Established: 2004
CEO: Mr. Taha A. Abdulsalam
Address: Al-Karadha Al-Sharqiya / Al-Alwiya District/
sec 903/ St 11, Baghdad, Iraq
Contact Person: Rana A. Abdullah
Email: i[email protected]
Website: www.isx-iq.net
Organization Overview
Iraq Stock Exchange (ISX) is a regulated market (SRO). ISX works according the standards of stock exchanges, established under the law No.74 in 2004, regulate and organize five trading sessions from Sunday to Thursday, implements and monitors the implementation of electronic trading rules and instructions.
ISX uses NASDAQ OMX electronic systems and platforms for trading and depository. There are 101 listed companies including banks, insurances, telecoms, industrial companies, hotels, services, agricultural companies.
45 brokerage firms are working from Baghdad with 96 traders and two prances out of Baghdad linked with the market through VPN.
The clearing is done by the depository and the settlement is done by an Iraqi bank .
ISX Plans :
1. Regulate 239 trading sessions from Sunday to Thursday.
2. Acceptance of the listing of Government Bonds.
3. Acceptance of the listing of new companies especially in the banking sector.
4. Launching the online trading systems for the investors.
5. Deal with the Iraqi Banks to regulate the service of the Custodian Bank.
6. Linking Investors accounts in Banks with trading accounts at the Depository center.
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