Analysis Of The Performance Of The Iraqi Stock Exchange Indices For The Period 2004-2022

Abstract

The modern trends of fiscal and monetary policies did not work on the approach of finding diverse sources of financial return but rather continued the old approach represented by the oil source as a basic pillar of financial return, which made the general budget lose the flexibility to confront fluctuations in the oil financial return and concentrated high percentages of the gross domestic product in the oil commodity with neglecting other financial resources, which made fiscal and monetary policies lose their self-stabilizing technique. Research Problem: political instability, deterioration of the security aspect, and the spread of the phenomenon of financial and administrative corruption in Iraq are factors that negatively affected the work of the Iraqi Stock Exchange, which was negatively reflected in economic activity in general and financing of economic development in particular. Research Hypothesis: The efficiency and development of the stock market enhances its importance and role in economic activity, which opens a wide scope for governments to provide the necessary liquidity to finance the fiscal deficit. Research Objective: to provide actual directions in the Iraqi Stock Exchange, to activate the entry of foreign investments through it, with the importance of issuing a law and legislation, and to implement the capitalization policy. Study Results: There is a discrepancy in the direction of fiscal and monetary policies, resulting in a significant waste of effort and waste of financial resources. The Iraq Stock Exchange represents a modern market and one of the emerging markets in the process of development and growth.