أبحاث السوق · Market Research

Iraq Stock Exchange — Research & Analysis

Comprehensive market data, sector analysis, and company information for the Iraq Stock Exchange (ISX / بورصة العراق). Data sourced from Rabee Securities and the Iraq Securities Commission.

Market Overview — May 2026

Listed Companies
104
across 9 sectors
RSISX Index
~2,670
Rabee Securities Index
Trading Days
Sun–Thu
Baghdad time (UTC+3)
Currency
IQD
Iraqi Dinar · الدينار العراقي
Par Value
1 IQD
per share (all companies)
Data Source
Rabee
rs.iq · Real-time

Sector Breakdown — قطاعات السوق

The Iraq Stock Exchange lists companies across 9 sectors. The banking sector is the largest by number of companies, while telecommunications (Asiacell/TASC and Zain Iraq/TZNI) dominates by market capitalization.

SectorالقطاعCompanies
Banksالمصارف40
Industrialالصناعة16
Money Transferتحويل الأموال14
Hotels & Tourismالفنادق والسياحة9
Agriculturalالزراعة7
Servicesالخدمات7
Insuranceالتأمين6
Investmentالاستثمار3
Communicationsالاتصالات2

Top 10 Companies by Paid-Up Capital

Capital figures represent paid-up capital in Iraqi Dinars. Since ISX par value is 1 IQD per share, paid-up capital equals the number of shares outstanding.

TickerCompanySectorCapital
TZNIAl-Khatem TelecommunicationCommunications1,829 B IQD
BMNSAL-Mansour bank for Investment /private shareholding companyBanks585 B IQD
BNOINational Bank of IraqBanks520 B IQD
BJABAl-Janoob Islamic Bank for Investment and FinanceBanks510 B IQD
BCIHCihan Bank for IslamicBanks400 B IQD
BNAINational Islamic BankBanks400 B IQD
BKUIKurdistan International BankBanks400 B IQD
BIIBIraqi Islamic Bank for Investment and DevelopmentBanks400 B IQD
BBOBBank of BaghdadBanks400 B IQD
BRTBRrgion Trade Bank For InvesTment and FinanceBanks400 B IQD

About the RSISX Index — مؤشر ربيع للأوراق المالية

The Rabee Securities ISX Index (RSISX) is the primary benchmark for the Iraq Stock Exchange. Published by Rabee Securities, it tracks the performance of ISX-listed stocks weighted by market capitalization. The index is denominated in Iraqi Dinars (IQD) and is updated daily during trading sessions.

Related indices published by Rabee Securities include RSISXTR (total return), RSIHX (hospitality), and RSIBX (banking sector).

About the Iraq Stock Exchange (ISX)

The Iraq Stock Exchange (بورصة العراق للأوراق المالية / ISX) is the official securities market of Iraq, headquartered in Baghdad. It operates under the supervision of the Iraq Securities Commission (هيئة الأوراق المالية العراقية / ISC). Trading sessions run Sunday through Thursday, reflecting the Iraqi work week.

The market was established in its modern form in 2004, replacing the Baghdad Stock Exchange (BSE). It has grown to list 104 companies across banking, telecommunications, industry, tourism, insurance, agricultural, and services sectors.

Banking Sector — قطاع المصارف

The banking sector is the most active on the ISX with 40 listed banks, including conventional and Islamic banks. Key players include Asiacell's parent company structure, Baghdad Bank, and various investment banks. The sector is regulated by the Central Bank of Iraq (البنك المركزي العراقي / CBI) in addition to ISC oversight.

Telecommunications — قطاع الاتصالات

Two major telecom companies are listed on the ISX:

Asiacell (TASC) — One of Iraq's three major mobile operators, Asiacell is majority-owned by Ooredoo (Qatar). It is among the largest companies by market capitalization on the ISX.

Al-Khatem Telecom / Zain Iraq (TZNI) — The Iraqi subsidiary of Zain Group (Kuwait), operating under the brand Zain Iraq. It holds the largest paid-up capital on the ISX at over 1.8 trillion IQD.

Live Data — البيانات المباشرة

ISX Market provides real-time prices updated every 30 minutes during trading hours (Sunday–Thursday, approximately 10:00–14:00 Baghdad time). Historical price data extends back to 2015 for most companies. View live charts and technical analysis at iraqsm.com.