In the third quarter the Iraqi market, as measured by the Rabee Index, decreased by 4.6% which was similar to developing market indices. The Iraqi Dinar was stable while the price of Brent dropped 7%. Market volumes remained sluggish as the market was trading near its...
After the sharply negative start to the year for Iraqi equities, the market measured by the RS ISX index rallied hard and erased all losses. We have long argued that the market is well set for a market rally and this quarter could well be the starting point. It was...
In the first quarter the Iraqi market, as measured by the Rabee Index, decreased by a whopping 14%. The drop was even more jaw-dropping, considering that world, emerging and frontier indices all gained 10-14% and that the price of Brent rallied 24% over the same...
In the fourth quarter the Iraqi market, as measured by the Rabee Index, decreased by 5%. As we try to remind or investors from time to time, frontier markets like Iraq are one of the few remaining uncorrelated assets in the world. This was proven again during Q4 when...
The Iraq Stock Exchange (ISX) had a tough quarter with the market moving lower with low volatility and on paltry volumes. But there the negative ends. All the rest is looking good. Iraq´s economy is improving, the country is mostly rid of terrorism and a new and good...
After the stellar run in the first quarter, the sentiment turned sour and the selling was relentless across most sectors. The index is now back to the lowest levels seen over the past decade, however, the fund continued to add alpha by staying concentrated and focused...
