A licensed brokerage regulated by the Iraq Securities Commission and the Iraq Stock ExchangeStart your investment
on the Iraq Stock Exchange.
Karmal Brokerage has been on the Iraq Stock Exchange since 1995. We connect Iraqi and foreign capital with listed companies — for individual investors, institutions, and companies heading toward listing.
From a single trade
to a full IPO.
An integrated suite of capital markets services under one roof for individuals, institutions, and companies, inside Iraq and beyond — built on continuous experience on the Iraq Stock Exchange.
Discover all services →Your orders executed on the market through licensed brokers, with same-day settlement.
Coverage of listed companies, sectors, and financial results.
Financial advisory for companies, and public-offering management structured end to end, from preparation to listing.
A digital platform connecting you to the Iraq Stock Exchange with instant execution.
Iraq's only platform with
direct market access.
Karmal Live is Iraq's only trading platform dual-licensed by the Iraq Stock Exchange and the Iraq Securities Commission. Your funds and data are protected to global security standards (ISO 27001), and your orders reach the market directly and execute in under a second.
A direct link to the ISX trading system — no intermediary, with immediate settlements.
Track prices, market depth, and order flow, with real-time tracking of your positions and P&L.
Advanced charts and technical analysis tools that help you read the market and make your decision.
Smart tools that help you understand the market more clearly by analysing your portfolio's performance and evaluating your current positions.
Three decades of trust, built one trade at a time.
What sets us apart isn't our market share. It's how we earned it. Stability, transparency, and growth aren't slogans here; they are how we run every mandate.
We manage capital with strict discipline and a long-term view, drawing on more than three decades of experience and continuous work on the Iraq Stock Exchange, in line with global best practice and professional standards.
We hold ourselves to the highest standards of transparency, oversight, and professional discipline. Every mandate and every report is subject to clear review and controls, protecting our clients' interests and reinforcing trust at every step.
We build on deep institutional experience and integrated technical capabilities, committed to international standards and best practice in managing investments and protecting capital. Our message today is to cement our presence on the Iraq Stock Exchange; our ambition tomorrow is to widen our horizons toward the region's markets.
Our goal was never simply to execute trades. Our purpose was to build an institution that strengthens Iraq's capital markets — and we have stayed true to that purpose since day one.
Trade on the Iraq Stock Exchange in
Four Simple Steps:
Open Your Account
Complete the online application in just a few minutes. Your account will be ready within two business days.
Receive Your Credentials
Your username and password will be sent directly to your registered email address.
Download Karmal Live
Access Karmal Live on iOS, Android, or directly through your web browser.
Fund & Start Trading
Deposit your capital and place your first order on the Iraq Stock Exchange.
Learn the market before you trade it.
Short, plain-language explainers from the Karmal desk — published as we go.
What Is the Iraq Stock Exchange?
The Iraq Stock Exchange is the market through which shares of Iraqi joint-stock companies are traded — giving companies access to financing, and giving investors a stake in their growth.
How Does an Investor Generate a Return on Their Investment in the Iraq Stock Exchange?
Returns in the stock market come primarily from two sources: capital gains on the difference in price, and dividends paid in cash or as bonus shares.
How to Choose Your First Stock on the Iraq Stock Exchange
There is no single answer that fits everyone, but simple criteria — start with what you understand, look at the company’s stability, and don’t put all your money in one place — make for a confident start.
Ready to invest on the Iraq Stock Exchange?
Open your account for free in minutes. Your application is reviewed within two working days by the Iraq Stock Exchange.