Nasdaq and the Iraq Stock Exchange Signs New Market Technology Agreement

[yota691]

Capital market, attracting investment factors and activating trading in securities

03/8/2017 12:00 am     Taha Ahmed Abdel Salam *  Securities trading indicators from the point of view of financial markets means the success or decline of the foundations of capital formation within the mechanisms of market economy. If the financial markets are part of the mechanism of ownership transfer only, this will not contribute to building and sustaining the growth of the capital market. If markets are active in strengthening capital building mechanisms, they contribute significantly to economic growth through attracting and directing working capital towards competitive projects that operate. According to lower cost and economic benefit.  Within the global classification, markets move from the frontier market to Emerging market after achieving key factors, including market liquidity, free market capitalization,  stock turnover  .  Through the indicators achieved, the Iraqi market for securities is still a developing market and did not reach the level of the emerging market as the economic environment needs to strengthen the legal factors aimed at deregulating investments and enhancing the attractions of national savings and stimulate foreign investment. These factors can be achieved   through:  1. Issuing procedures for the implementation of Article 55 / IV of the Companies Law, which allows the offering of shares of companies for sale to cover the increase of capital through the Iraqi market for securities, through the follow-up mechanism IPO IPO.  The IPO allows for effective capital building through daily marketing according to the economic feasibility study through the stock market, brokerage companies and  electronic trading  .  2. Developing the legal climate in the capital market, including attracting foreign investment   through:  Issuing the instructions of the International Depository Receipts and allowing the circulation of Iraqi securities on the London Stock Exchange and the  US Nasdaq Market;  (  Issuing short or margin trading instructions allowing the expansion of the market through the borrowing of securities between the   shareholders.  3 - the issuance of capital market in Iraq , the law or the investment law in securities inaccordance with international standards to achieve the transition to a market economy factors and allowing use of the rules of the IPO, privatization of companies, the shares of foreign companies, especially those aggregated on contracts in Iraqi projects, the  purchase of companies Listed as a percentage of its capital when its market price falls due to non-economic factors and other international rules that stimulate and attract investment.  4 - Allow the transfer of financial investment companies to investment funds according to structural indicators that increase the ability of investment capital of the company and the investors' portfolios and enable them to play the role of market maker and replace the budget in the trading entry to buy at low prices and selling when   rising.  * Executive Director /   Iraq Stock Exchange

[DropItLikeItsHot]

Just now, yota691 said:

replace the budget in the trading entry to buy at low prices and selling when  
rising. 

And that's how we pay back the investors.... Dinar holders too!!

[Gypsygirl11]

Thanks Yota. This last article is way above my head. Sounds good to me DropItLikeItsHot!

[dinareffic]

Capital market, attracting investment factors and activating trading in securities

The indicators of securities trading from the point of view of financial markets, success or decline in the foundations of capital formation within the mechanisms of market economy. If the financial markets within the mechanisms of transfer of ownership only, this helps to build and continue growth of the capital market, if markets are active in strengthening the mechanisms of building Capital contributes significantly to economic growth through attracting and directing working capital towards competitive projects that operate at lower cost and economic benefit.
Within the global classification, the markets move from the frontier market to Emerging market after achieving the main factors including market liquidity, free market capitalization, turnover rate
Share.
Through the indicators achieved, the Iraqi market for securities is still a developing market and did not reach the level of the emerging market as the economic environment needs to strengthen the legal factors aimed at deregulating investments and enhancing the attractions of national savings and stimulate foreign investment. They are achievable factors
During :
1. Issuing the procedures for implementing Article 55 / IV of the Companies Law, which allows the offering of shares of companies for sale to cover the capital increase through the Iraqi Stock Exchange, through the adoption of the IPO mechanism.
The IPO allows for effective capital building through daily marketing according to the economic feasibility study through the stock market, brokerage and trading companies
E-mail.
2. Developing the legal climate in the capital market, including attracting foreign investment from
During :
Issuing the instructions of international depository certificates and allowing the circulation of Iraqi securities on the London Stock Exchange and the NASDAQ market
American
Issuing short or margin trading instructions that allow the expansion of the market through the borrowing of securities between
*Shareholders.
3 - Issuing the Capital Market Law in Iraq or the Investment in Securities Law in accordance with international standards to achieve the factors of transition to a market economy in order to allow the use of the rules of public offering, privatization of companies, listing the shares of foreign companies, especially those that obtain contracts in Iraqi projects,
Buy companies listed as a percentage of their capital when their market prices fall due to non-economic factors and other international rules that stimulate and attract investment.
4 - Allow the transfer of financial investment companies to investment funds according to structural indicators that increase the ability of investment capital of the company and the investors' portfolios and enable them to play the role of market maker and the replacement of the budget in the trading entry purchase at the low prices and selling at
Its height.


Taha Ahmed Abdel Salam
Executive manager /
Iraq Stock Exchange

http://www.alsabaah.iq/ArticleShow.aspx?ID=141861

[yota691]

Iraq stock market closed at a marginal height

Bourse index rises 0.03% at the end of trading

 

 08 August 2017 02:27 PM

The general index of the Iraqi Stock Exchange ended Tuesday, at a marginal rise of 0.03%, closing at 580.84 points, to gain 0.2 points, compared to the closing levels on Monday . 

The rise of 4 shares led the general index of the rise, led by Credit Bank by 3.03%, and rose Iraqi seed production and Mansour Pharmaceutical by 1.69% and 1.52%, respectively, and increased the bank Al-Mansour 1.28%.

On the other hand, the Association of Financial Convertible declined 12.7%, manufacturing and marketing dates by 3.57%.

The volume of trading today to 11.52 billion shares, compared to 31.3 billion shares from the previous session, and decreased the value of trading to 11.25 billion dinars, compared to 31.2 billion dinars in Monday's session. 

Al Arabiya Islamic Bank issued volume and value traded through 10.5 billion shares worth KD 10.5 billion.

[yota691]

The stock market is trading higher today

stock market

Economy News Baghdad:  BAGHDAD - The Iraqi Stock Exchange on Sunday achieved the highest trading volume in the current days to close at 581.25 points.  The volume of shares traded in today's session, 15.5 billion shares worth 15.3 billion dinars, and traded session shares of 20 companies, and have concluded 189 transactions.  The banking sector is the most active, with 99 transactions worth KD 532.5 million, followed by the industrial sector with 64 transactions worth KD 35.2 million.      Views 1   Date Added: 13/08/2017

[yota691]

Nawras Telecom buys 14.7 billion shares from Arab Islamic Bank

Nooruz Telecom Company

Economy News Baghdad:  Nawroz Telecom's owner, Kawa Abdullah Junaid, bought 14.7 billion shares of Arab Islamic Bank worth 14.7 billion dinars.  The Islamic Bank of Alilaf, in a book published on the site of the Iraqi Stock Exchange viewed by "Economy News", that "Elaph to mediate in the sale and purchase of securities will implement a corresponding order intended to sell and buy shares of the Arab Islamic Bank in the time of the extra session on Sunday, Indicating that "the number of shares to be sold and bought is 14.750 billion shares worth 14.750 billion dinars."  He added that "the name of the seller Kawa Abdullah Jneid and the name of the buyer Os Abdul Moneim Mahdi."  The capital of Arab Islamic Bank 100 billion dinars and the price of one share dinars.   Views 254   Date Added 13/08/2017

[yota691]

Foreign investment net rise for the second quarter of 2017

14/8/2017 12:00 am    Baghdad / Al-Sabah The report of the second chapter of the activity of trading in the Iraqi market for securities, issued by the Securities Commission, the rise of net foreign investment for the second quarter of this year to reach 0199.3 million dinars, while the report recorded a decline in volume during the second quarter of this year to 55.7 billion Dinars compared to 180.9 billion dinars during the first quarter of 2017, a drop of 69.2 percent, and the volume of trading for the second quarter by 40.4 percent from the second quarter of the previous year 2016. The report, received by "morning", the banking sector occupied during The second chapter of 2017 ranked first In terms of volume of trading amounted to about 39.6 billion dinars, or 71.1 percent of the total, while the second place was the industrial sector, where the turnover amounted to about 10.5 billion dinars, or 18.9 percent of the total, and came in third place the service sector, Trading around 1. The report added that the average session of the volume of trading during the second quarter of this year about 1.0 billion dinars compared to 2.9 billion dinars during the first quarter, where the number of trading sessions during this chapter 58 trading session compared to 63 trading sessions   for the first quarter. Shares traded The report pointed to a decline in the number of shares traded during the second quarter to about 90.0 billion shares compared with 309.8 billion shares during the first quarter of 2017 and a drop of 71.0 percent, pointing out that the number of shares for the second quarter fell by 70.8 percent from what it was in the second quarter Compared to the previous year 2016. The report pointed out that the banking sector occupied during the second quarter ranked first in terms of the number of shares traded, with about 81.5 billion shares and 90.6% of the total, noting that the industrial sector came in second place where the number of shares amounted to about 6. 1 billion shares and 6%. 7% of the total, and came in third place the service sector, where the number of shares traded about 1.4 billion shares and 1.5% of the total, and the turnover of the number of shares traded during the second quarter about 1.6 billion shares compared to 4.9 billion shares for the first quarter of 2017. Number of contracts The number of contracts executed during the second quarter was approximately 23.3 thousand compared to 31.0 thousand contracts for the first semester and a decrease of 24.8%, it is worth mentioning that the number of contracts for the second chapter decreased by 21.7% than in the second quarter From the previous year. He pointed out that the banking sector ranked first in terms of number of contracts with about 11.1 thousand contracts and 47.5% of the total, followed by the industrial sector, where the number of contracts, about 5.6 thousand contracts and by 24%. The total number of executed contracts reached about 402.2 during the second quarter of 2017 compared to 492.1 contracts during the first quarter of the year. 2017. Index The report showed that the general index of stock prices in the Stock Exchange for the second quarter of 2017 recorded a decline of 13.66 percent to close at the end of the season at 576.11 points compared to 664.46 points at the end of March  this year. Foreign investors bought foreign investors during the second quarter, according to the report, at 16,619 million dinars, which is less than their sale, which amounted to 11419.8 million dinars, which made the net foreign investment rises (buying shares and selling foreigners), with a net investment of 5199.3  million dinars .

[yota691]

Iraq is trading more than 65 billion shares in its financial markets and banks are advancing on companies

Economy News _ Baghdad The market of Iraq Stock Exchange in the current July 21 trading session in the regular market of 72 companies and 10 sessions in the second market, which consists of 29 dormitory companies The ISX60 market index closed at the end of the month (575.61) points, down by (0.09%) compared to its value at the end of the month of June (576.11) points. Abdul Salam said in a statement received by "Economy News" that "the number of shares traded during the month of July reached (65.877) billion shares, while the value of shares traded (40.720) billion dinars, indicating that the market trading focused on the shares of banking companies, The number of shares reached 26.400 billion shares. The Arab Islamic Bank reached 12.985 billion shares, while the Bank of Baghdad was 7.457 billion shares, the Middle East Bank with 6.057 billion shares and Gulf Commercial Bank with 2.711 billion shares. The Islamic Bank had 2.061 shares Billion shares, as the closing price rose to (0.670) d R by (11.7%) for the closure of the previous month's (0.600) dinars. " As for the non-Iraqi investors traded among Abdul Salam, "shares purchased for non-Iraqis reached (26.819) billion shares and were implemented through (472) purchase deal amounted to (11.529) billion dinars of trading shares (23) listed companies." As for the shares sold by non-Iraqis, Abdul Salam said, "The number of shares sold by non-Iraqis amounted to (14.017) billion shares carried out through (855) sale deal, worth (6.947) billion dinars of trading shares (12) The ISX60 index closed at (575.61) points at the end of July 2017, down by (0.09%) compared to its value at the end of June of (576.11) points.     Views 10   Date Added 14/08/2017

[yota691]

The stock market determines the end of the last trading session before the Eid

Economy News Baghdad  The Iraqi market for securities to the end of August will be the date of the last trading session, indicating the resumption of the market after the holiday of Eid al-Adha, revealing the volume of trading for this day,   said the Executive Director of the market Taha Ahmed Abdul Salam said in a statement received by "Economy News", " Before Eid on Thursday 31/8/2017 and will be the first trading session after the Eid on Wednesday 6/9/2017.  "The index of trading for Tuesday's session in the Iraqi market for securities amounted to the number of shares traded 604,304,109 shares, while the value of shares 424,383,493 dinars, where the index closed the price of ISX 60 in today's session (578.55) points, down by (0.28%) for closing In the previous session of (580.15) points. "  He stressed "

Views 64   Date Added 15/08/2017

[Synopsis]

I am trying to determine how significant this article is in relation to other issues both in Iraq and internationally.

 

So, Labor Day in the US this year is Monday, September 4th (a three day US weekend). Also, the last day of trading these securities is Wednesday, August 30th so the Eid al-Adha can be celebrated on Thursday, August 31st this year. The securities are announced to be traded again on Wednesday, September 6th. This is a six day break for trading these securities. With Egypt auctioning off a whole bunch of KWD on 1 Quater intervals in the recent past (as a potential hedge), kinda makes one wonder if something big (like really big) is about to happen???!!!

 

I suspect the potential September 21 Caretaker Government installation and the September 25 Kurdish Referendum are potentially some major levers to get the needed dimensions lined up at the appropriate capacity.

 

This next month (or less) could be really, really eventful and exciting!!!

 

Go Moola Nova!!!

 

 

 

Edited August 16, 2017 by Synopsis

[Jaygo]

It will pop before the 21st... I can feel it! 

[SnowGlobe7]

1 minute ago, Jaygo said:

It will pop before the 21st... I can feel it! 

21st of??????

[Texstorm]

1 minute ago, Jaygo said:

It will pop before the 21st... I can feel it! 

Come on Jago ! I'm all in !!!!!!!!!!!!!!! Come on Iraq ! Go RV ! Go DV !  

[yota691]

Securities reports more than 146 billion shares traded in August

 

Monday 11 September

 

 

Alsumaria News / Baghdad  The Iraqi market for securities, Monday, trading more than 146 billion shares in August, noting that the ISX60 index closed at the end of July 2017 at 575.61 points.  Taha Ahmed Abdul Salam , Executive Director of the market , said in an interview with Alsumaria News, "The market organized in July, 22 trading session in the regular market of 72 companies and 19 meetings in the second market, which includes 28 companies," noting that "the ISX60 market index closed At the end of August 2017 at 576.58 points, up by 0.17% compared to its value in the close of the month of July of 575.61 points.   Abdul Salam added that "the number of shares traded during the month of August amounted to 146.546 billion shares, up 123% from the previous month value of 137.522 billion dinars, up 237% from the previous month," noting that "the number of transactions executed amounted to 7735, down 3.38 % From the month of July, which amounted to 8006 deal.  "Shares purchased by non-Iraqis amounted to 21.811 billion shares and were carried out through 711 purchase transactions valued at 22.019 billion dinars," Abdul Salam said. "Shares sold by non-Iraqis amounted to 2.856 billion shares executed through 396 sales transactions worth $ 1.784 Billion dinars. " It is worth mentioning that the Iraqi market for securities used electronic trading systems and central depository since 2009, and sought to launch the Internet trading system for investors in the first quarter of 2017, and organizes five trading sessions a week from Sunday to Thursday, and included 100 companies, Industry, agriculture, insurance, financial investment, tourism and hotels.

[10 YEARS LATER]

Cant wait 'til McDonalds opens with the McFalafel Double Decker with Xtra Cheese 🧀  

[Freedomwish]

1 hour ago, 10 YEARS LATER said:

Cant wait 'til McDonalds opens with the McFalafel Double Decker with Xtra Cheese 🧀  

 

If we see a McDonalds, Burger King, Wendy's or even a Starbucks Coffee spot heading out there, we all already know this baby's wrapped up and a done deal!!

 

KEEPING THE FAAAAAAAAITH!!! 

[10 YEARS LATER]

2 hours ago, Freedomwish said:

 

If we see a McDonalds, Burger King, Wendy's or even a Starbucks Coffee spot heading out there, we all already know this baby's wrapped up and a done deal!!

 

KEEPING THE FAAAAAAAAITH!!! 

[yota691]

The stock market closes at a slight high

 

stock market

Economy News Baghdad:  The Iraqi Stock Exchange closed Monday at 582.95, the index rose slightly by 0.04%.  At the session, 30 of the 101 companies listed on the market traded, with 2.3 billion shares worth KD 1.4 billion. Mosul Bank rose by 3.2%, Iraqi Baghdad Company for public transport 3.1%, while the shares of the modern sewing company fell by 10% and the production of ready-made garments by 5.2%.  The number of shares purchased by non-Iraqi investors (17.130) million shares valued at 44.620 million dinars through the implementation of (40) deal on the shares of six companies.     Views 2   Date Added 18/09/2017

 

[yota691]

TADAWUL launches a bank and an investment company in the stock market

Date of release: 2017/9/24 9:47 • 120 times scheduled

[INA - BAGHDAD] 
The Iraqi Stock Exchange announced the launch of a trading session of a bank and a financial investment company during trading sessions for this day Sunday, indicating that the ISX 60 index rose by [0.5%] during the market sessions last week.

"The shares of the company Ashur Bank and Al-Zawraa Financial Investment Company were due to be launched from last Thursday's session after the decision of the General Authority of the two companies and to meet the requirements of financial disclosure and their implementation," Taha Ahmed Abdul Salam, the market's executive director, said in a statement. To submit the financial statements but was postponed to this Sunday because of the announcement Thursday an official holiday. "
"The market has organized four trading sessions in the regular market and three trading sessions in the market where the number of companies listed on the market [101] joint-stock companies, of which [72] listed companies in the regular market And [29] listed companies in the second market, and traded during the sessions last week [43] companies in the systemic market and [3] companies in the second market to become the number of companies suspended from trading because of their commitment to provide annual and quarterly disclosure of the Authority and the market [24] The decision of the Securities Commission to suspend trading on companies that did not submit the data The annual 2016 mechanism. "
He pointed out that "the number of shares traded last week [5] billion shares compared to [43] billion shares for the week before, down by [87.9%], while the value of shares traded last week [3] billion dinars compared to [31] Before him [88%]. " 
"The number of transactions executed last week reached [1073] transactions compared to [1513] transactions for the week before, closing the ISX 60 index in the last session of last week with [583.61] points, up by [0.5%] from the close of the week before "He said.

[ChuckFinley]

Morning Yota, nice to see more companies added. This is a good sign. 

Edited September 24, 2017 by ChuckFinley

[ComPLX]

Tadawul

Saudi Stock Exchange (Arabic: السوق المالية السعودية‎‎) or Tadawul (Arabic: تداول‎‎) is the only stock exchange in Saudi Arabia. It is supervised by the Capital Market Authority. The Tadawul All-Share Index (TASI) reached its highest point at 20,634.86 on 25 February 2006. It lists 171 publicly traded companies (as of August 20, 2017). As of August 20, 2017, its trading hours are 10:00AM to 3:00PM, Sunday to Thursday.

 

https://en.wikipedia.org/wiki/Tadawul

[yota691]

Iraq Stock Exchange: next Sunday holiday to commemorate the "Ashura"

Iraq Stock Exchange

 

 28 September 2017 11:11 p

Mubasher : The Iraqi Stock Exchange to suspend trading sessions on Sunday, the first of October next, to mark the anniversary of "Ashura."

The exchange said in a statement that its meetings will resume on Monday, the second of October, according to the stock exchange statement.

The last holiday of the Iraqi stock market, last Thursday , to celebrate the New Year.

[yota691]

45 companies listed on the Iraqi Stock Exchange carried out 8.3 thousand transactions worth 96.3 billion dinars

 

stock market

Economy News Baghdad: Carried out 45 brokerage companies listed on the Iraqi stock exchange during the month of September last, more than 8.3 thousand transactions worth 96.3 billion dinars. According to an assessment of the work of brokerage firms for securities issued by the Iraqi Stock Exchange. The assessment, which was seen by "Economy News", said that "45 listed companies in the Iraqi stock market, carried out during the month of September last, 8386 deal amounted to the number of shares more than 126.4 billion shares worth more than 96.3 billion dinars." He added that "the companies that obtained the top positions are the company Elaf and the spring and Euphrates and wisdom and eastern." He pointed out that "the companies that occupied the last rank is the jewel and fruit, Dar al-Salam and Warka and the breeze of the North and the Dalmatians."     Views 155   Date Added 10/03/2017

[yota691]

The stock market organizes seven trading sessions and achieves two billion shares worth one billion dinars

 

Sunday, October 8,

 

 

Alsumaria News / Baghdad  announced market Iraq Securities, Sunday, he organized seven sessions for trading over the past week to produce more than two billion shares traded with a value of one billion dinars. "The Iraqi stock market organized during the week ending October 5, four trading sessions in the regular market and three trading sessions in the second market,"  said Taha Ahmed Abdul Salam , executive director of the market , in a statement received by Alsumaria News. "Sunday did not organize a trading session to declare a public holiday on the tenth of the month of Muharram ."   He said Abdul Salam that " the number of listed companies in the market during the last week reached 101 joint - stock company, including 72 companies listed in the regular market and 29 companies listed in the second market traded during the sessions last week , shares of 39 companies in the formal market and 3 companies in the second market."  Abdul Salam said that "the number of shares traded last week amounted to 2 billion shares compared to 13 billion shares for the week before, a decline of 78.89%, while the value of those traded billion dinars compared to 12 billion dinars for the week before the fall, also by 85.16%," pointing "The number of transactions executed last week reached 1053 transactions compared to 1075 transactions for the week before. The ISX 60 index closed last week at 583.68 points, down 0.60% from the close of the week before when it closed at 587.22 points." He pointed out that "the number of shares purchased from non-Iraqi investors last week amounted to 20 million shares, a decline of 82.36% compared to the week before or value amounted to 110 million dinars through the implementation of 75 shares on the shares of 3 companies also fall by 38.18 % Compared to the week before. "  He explained that "the number of shares sold by non-Iraqi investors last week amounted to 654 million shares, up 309.27% compared to the week before, and the value of those shares amounted to 396 million dinars through the implementation of 123 transactions on shares of two companies high by 189.08% Compared to the week before. " The Iraqi Stock Exchange has used electronic trading systems and central depository since 2009 and seeks to launch the Internet trading system for investors in the first quarter of 2017, and organizes five trading sessions a week from Sunday to Thursday, and included 100 Iraqi shareholding companies representing the banking and telecommunications sectors Industry, agriculture, insurance, financial investment, tourism and hotels.