By John Lee.
Rabee Securities (RS) has announced the launch of two new market indices designed to broaden investment perspectives and enhance sector-focused analysis within the Iraqi market.
1. RS Iraq Halal Companies Index (RSIHX)
The RSIHX is a price return index that tracks the performance of companies operating in accordance with Islamic principles. The index includes five companies – Asiacell, Baghdad Soft Drinks, Iraqi Islamic Bank, Commercial Islamic Bank of Iraq, and Al-Mansour Pharmaceutical Industries – that meet Rabee Securities’ index eligibility criteria, which began in January 2022.
2. RS Iraq Banking Index (RSIBX)
The RSIBX is a price return index that reflects the price performance of the five leading banks – National Bank of Iraq, Bank of Baghdad, Al-Mansour Bank, Iraqi Islamic Bank, and Commercial Islamic Bank of Iraq – meeting the company’s index eligibility criteria, computed since January 2022.
