WSJ: Iraq Stock Market Finds Favor

Posted by on Oct 26, 2013 | Leave a Comment

DUBAI—With most Middle East stock markets having been dragged down by the turmoil unleashed by the Arab spring and a sputtering global economy, some adventurous fund managers have started exploring opportunities in the tiny Iraqi market.

The Iraqi Stock Exchange, or ISX, says its main market index has surged some 65% so far this year, making it one of the world’s best-performing markets. Though many doubt the accuracy of the ISX’s main index, fund managers who follow the country agree that Iraqi share prices have risen about 15% in 2011—still outperforming most global peers.

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