Page 12 - ISX Year Book 2023 EN

Iraq Stock Exchange’s Annual Report 2023

Indictors of Executing Block Trades

The number of block transactions executed during the year 2023 reached 38 ones, be they in
the form of intended cross or special orders, which involve shares of 13 joint-stock companies
and were carried out through 66 transactions only, as follows:

1. The total number of securities traded for the year reached 689,622,894,451 shares,
while their value surpassed IQD 671.8 billion.
2. The number of shares traded through special and intended corresponding orders for
2023 reached 399,704,761,282 shares with a total value amounted to IQD
459,100,441,470.
3. The percentage of shares involved in the executed block transactions as compared to
the total volume traded in the year 2023 was 67%.
4. The value of shares bought or sold through these block trades represented 60% of the
total value of traded securities in the Exchange during the same time period.

The impact of block trades played an important role in achieving these indicators. They take
place during their corresponding time period of a trading day, between 13:00 and 13:30. These
orders are examined according to a mechanism followed by a block trade committee, the most
important elements of which are scrutinizing a seller’s and buyer’s documents and the
authorizations issued by them, examining compliance with the rules of due diligence for the
shares deposited at the Iraqi Depository Center by a seller or investor and the legal status
soundness of these securities as being not reserved or pledged, ensuring that the banking due
diligence standards with regards to the funds deposited in the bank of choice by a purchasing
investor are met, publishing all relevant documents by disclosing them at the websites of the
Exchange and Commission, and obtaining the approval of the Central Bank of Iraq if the joint-
stock company belongs to the banking sector, or if the purchase transaction exceeds the
threshold for significant influence of 9.9% of the bank’s capital.

Indictors of Online Trading Platform Developed by Karmal Brokerage Firm

The indicators shown in Table No. (7) regarding investors’ trading via the online trading
platform, which operated by the Al-Karmal Brokerage Firm, were achieved in 2023 according
to the following details:

1. The number of transactions executed during the year reached 5459 ones.
2. The volume of securities traded totaled 7,071,825,588 ones.
3. The value of these traded shares exceeded IQD 10,4 billion.

The table shows an increase in all trading indicators for the year 2023 compared to their
counterparts for 2022. Among the most important reasons behind the growth in trading
indicators for 2023 compared to its previous years are:

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