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Nasdaq and the Iraq Stock Exchange Signs New Market Technology Agreement


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Will Iraq be the next hot frontier stock market?
Matein Khalid/dubai
Filed on April 29, 2018
AR-180429005.jpg&MaxW=780&imageVersion=1

Iraqi stocks are up 10 per cent in 2018, far better than Europe or Japan, while its market's capitalisation is a mere $10 billion.
(Reuters)

 

There are reasons to be optimistic on Baghdad

 

A dismal legacy of civil war, sanctions, insurgency, foreign invasion and terrorism has had a catastrophic impact on the Iraqi economy. Prime Minister Haider Al Abadi told the assembled global elite at Davos 2018 that Iraq needed $100 billion in post-war construction. Yet money alone will not solve Iraq's problems of systemic corruption, a society divided by sectarian cleavages, poverty, the displacement of 2 million people and youth unemployment.

The West and the Arab world have a vested interest in leading the reconstruction of Iraq since this pivot state straddles both the Arabian Gulf and the Turkish-Kurdish mountains. There are positive signs that the precarious political situation has stabilised. Violence in Baghdad has fallen to 2009 lows. Consumer spending metrics are beginning to exhibit growth and optimism. The share prices of the cellphone operator Asiacell has risen 65 per cent since last summer on stellar sub adds. Iraq sovereign wealth fund has amassed $50 billion in assets. Iraq's sovereign eurobond was oversubscribed six times.

Western and Arab investors cannot ignore a fabulously rich country with 40 million citizens that happens to be the second-largest oil producer in the Opec after Saudi Arabia. International donors have pledged $30 billion in Iraqi reconstruction. After a stellar 11 per cent GDP growth in 2016, Iraqi real GDP growth fell to near zero in 2017 due to Baghdad's compliance with Opec output cuts. Iraq produces 4.3 million barrels of crude oil a day. However, the surge in Brent crude to $74 due to geopolitical risks, the success of the Saudi-Russian output pact and fears of renewed sanctions on Iran oil and exports are hugely bullish for Iraq, a classic petro-state. The IMF expects Iraq to deliver 2.8 per cent GDP growth in 2018.

Post-war Iraq faces monumental political, social economic and even psychological challenges. Twenty per cent of the population lives in poverty. The swaths of Anbar, Diyala and Nineveh provinces under Daesh control have still not been fully stabilised and face economic depression. The government in Baghdad is divided by ethno-sectarian conflicts and unable to resist Iran's infiltration and manipulation of state institutions. This is the reason the parliamentary elections in May 2018 will be a crucial milestone in the political evolution of post Saddam Iraq.

The Iraqi private sector, while exceptionally resilient, faces huge challenges from corruption, a primitive banking system insecurity and war ravaged infrastructure. Iraq ultimately needs to shed its Baathist-era model of state ownership of land and nationalised industries. Iraq needs big-bang economic reforms that the Al Abadi team has failed to deliver since it is hostage to contradictory political pressures and rival vote banks. Iraq was the classic example of a failed petro-state, a symbol of the 'resource course', under the Baathist dictatorship of Saddam Hussein, who invaded Iran in 1980, Kuwait in 1990 and conducted a campaign against the Kurds. A generation later, Iraq is quite possible the most attractive frontier market in the Middle East.

Investors in Iraqi stocks faced devastating losses after President Obama withdrew US forces, Prime Minister Nuri Maliki embraced Iran, the Iraqi Army was unable to prevent militants' seizure of Mosul and oil prices crashed in 2014-16. Yet Iraqi stocks are up 10 per cent in 2018, far better than Europe or Japan. While the stock exchange in Baghdad is illiquid and hardly state-of-the-art, its market cap is a mere $10 billion, a pittance in a nation whose proven oil and gas reserves could well top 300 billion barrels.

My experience in the post-Soviet frontier markets tells me Iraqi economic reconstruction could be a secular growth ballast for Iraqi banks (80 per cent of the population does not have a bank account), cellphone operators, consumer companies and, yes, hotels. I concede the Iraqi stock exchange trades behind concrete blast walls. Yet it is one of the top-performing stock markets of 2018, though down 60 per cent from its 2014 peaks. I learnt in Karachi in 2011 that the end of a civil war can be a catalyst for a powerful multiyear bull market. George Soros said the big money is made "when things go from godawful to just plain awful". No guts, no glory is the tagline of my own passage to Iraqi equities.

 

https://www.khaleejtimes.com/business/markets/will-iraq-be-the-next-hot-frontier-stock-market

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  • yota691 changed the title to The stock market is looking at the possibility of benefiting from the expertise of the Arab stock exchanges and confirms its success in partnership of the public and private sectors
 
766.jpg
Iraq Stock Exchange

  

 Market


Economy News Baghdad:

The Iraqi Stock Exchange discussed the possibility of benefiting from the expertise of the Arab stock exchanges during its participation in the third annual MENA Road show for the stock markets and investors.

"The Iraqi market for securities is participating alongside the Arab markets in the third annual MENA Road Show for the UAE stock markets and investors, which was opened by the Chairman of the Board of Directors, UAE Securities and Commodities Minister Obaid Al Zu'bi also participated with the Secretary General of the Union of Arab Organizations Jalil Tarif, pointing out that the market participated in a paper focused on the plans of the Iraqi market to attract investment and challenges of activity .

"It was agreed during the conference with the Secretary-General of the Union of Arab Organizations to cooperate in the field of training and discuss the rules and regulations prevailing in the Arab markets," said Abdul Salam, adding that Thomson Reuters will have a distinct role in the possibility of linking information and data with the Agency, from theexperiences of Arab stock exchanges in the use of modern applications for trading and attracting investment, as well as the possibility of cooperation with experts from thecompany NASDAQ in order to help support the new role for the future of electronic systems in stock exchanges in the Iraq Stock Exchange also for the coming years " .

He pointed out that the Iraqi market for securities has played a role in the success of the partnership between the public and private sector and the mechanism of transition to a market economy through partnership in the establishment of joint stock companies and also through the work on the issuance of a law encourages the issuance of modern financial tools and work on issuing short sale instructions Short Silling .


Views 33   Date Added 04/30/2018

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Will Iraq be the next hot frontier stock market?
Matein Khalid/dubai
Filed on April 29, 2018
AR-180429005.jpg&MaxW=780&imageVersion=16by9&NCS_modified=20180429171936

Iraqi stocks are up 10 per cent in 2018, far better than Europe or Japan, while its market's capitalisation is a mere $10 billion.
(Reuters)

There are reasons to be optimistic on Baghdad

 

A dismal legacy of civil war, sanctions, insurgency, foreign invasion and terrorism has had a catastrophic impact on the Iraqi economy. Prime Minister Haider Al Abadi told the assembled global elite at Davos 2018 that Iraq needed $100 billion in post-war construction. Yet money alone will not solve Iraq's problems of systemic corruption, a society divided by sectarian cleavages, poverty, the displacement of 2 million people and youth unemployment.

The West and the Arab world have a vested interest in leading the reconstruction of Iraq since this pivot state straddles both the Arabian Gulf and the Turkish-Kurdish mountains. There are positive signs that the precarious political situation has stabilised. Violence in Baghdad has fallen to 2009 lows. Consumer spending metrics are beginning to exhibit growth and optimism. The share prices of the cellphone operator Asiacell has risen 65 per cent since last summer on stellar sub adds. Iraq sovereign wealth fund has amassed $50 billion in assets. Iraq's sovereign eurobond was oversubscribed six times.

Western and Arab investors cannot ignore a fabulously rich country with 40 million citizens that happens to be the second-largest oil producer in the Opec after Saudi Arabia. International donors have pledged $30 billion in Iraqi reconstruction. After a stellar 11 per cent GDP growth in 2016, Iraqi real GDP growth fell to near zero in 2017 due to Baghdad's compliance with Opec output cuts. Iraq produces 4.3 million barrels of crude oil a day. However, the surge in Brent crude to $74 due to geopolitical risks, the success of the Saudi-Russian output pact and fears of renewed sanctions on Iran oil and exports are hugely bullish for Iraq, a classic petro-state. The IMF expects Iraq to deliver 2.8 per cent GDP growth in 2018.

Post-war Iraq faces monumental political, social economic and even psychological challenges. Twenty per cent of the population lives in poverty. The swaths of Anbar, Diyala and Nineveh provinces under Daesh control have still not been fully stabilised and face economic depression. The government in Baghdad is divided by ethno-sectarian conflicts and unable to resist Iran's infiltration and manipulation of state institutions. This is the reason the parliamentary elections in May 2018 will be a crucial milestone in the political evolution of post Saddam Iraq.

The Iraqi private sector, while exceptionally resilient, faces huge challenges from corruption, a primitive banking system insecurity and war ravaged infrastructure. Iraq ultimately needs to shed its Baathist-era model of state ownership of land and nationalised industries. Iraq needs big-bang economic reforms that the Al Abadi team has failed to deliver since it is hostage to contradictory political pressures and rival vote banks. Iraq was the classic example of a failed petro-state, a symbol of the 'resource course', under the Baathist dictatorship of Saddam Hussein, who invaded Iran in 1980, Kuwait in 1990 and conducted a campaign against the Kurds. A generation later, Iraq is quite possible the most attractive frontier market in the Middle East.

Investors in Iraqi stocks faced devastating losses after President Obama withdrew US forces, Prime Minister Nuri Maliki embraced Iran, the Iraqi Army was unable to prevent militants' seizure of Mosul and oil prices crashed in 2014-16. Yet Iraqi stocks are up 10 per cent in 2018, far better than Europe or Japan. While the stock exchange in Baghdad is illiquid and hardly state-of-the-art, its market cap is a mere $10 billion, a pittance in a nation whose proven oil and gas reserves could well top 300 billion barrels.

My experience in the post-Soviet frontier markets tells me Iraqi economic reconstruction could be a secular growth ballast for Iraqi banks (80 per cent of the population does not have a bank account), cellphone operators, consumer companies and, yes, hotels. I concede the Iraqi stock exchange trades behind concrete blast walls. Yet it is one of the top-performing stock markets of 2018, though down 60 per cent from its 2014 peaks. I learnt in Karachi in 2011 that the end of a civil war can be a catalyst for a powerful multiyear bull market. George Soros said the big money is made "when things go from godawful to just plain awful". No guts, no glory is the tagline of my own passage to Iraqi equities.

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I definitely anticipate a lot of wealth being created in the Iraqi stock market in the next several years. I recall how the markets progressed in Central America in the 90's and turn of the century when the markets in the West were flat (Brazil made a vast amount of millionaires.) 

 

That being said, if anyone can fill me in on the correct process of investing in the Iraqi stock market then please do -  I'd appreciate it very much. I thought WARKA was a prerequisite but I could be mistaken. Thanks either way~

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3 hours ago, The Englishman said:

Will Iraq be the next hot frontier stock market?

 

Not with a worthless currency it won't be.

 

3 hours ago, 10 YEARS LATER said:

Well hurry the F*^K Up and flip the dang switch already - we gots some investment to get after. 

Always running their yaps about what’s gonna be . . . 🤪

 

You would figure their yaps would be tired from running all the time.  They need a poster plastered all over the GOI and CBI that says "ACTIONS SPEAK LOUDER THAN WORDS"  :jester:

 

SR

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2 hours ago, jmartin1145 said:

No offense Presence. But if anything happens in a positive note, I will cash out as soon as the sun comes up tomorrow. I am tired of dealing with these deadbeats.

 

Nope I am all in on the Iraq stock market!!! Gains are going to be bigger than any RV if you set your money on the right stocks. Phones, Construction, Bank stocks.. 

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Yeah maybe the Iraqi stock market could make a person some $.... but the problem is, they are all so corrupt. Do you really think they are going to let you make a ton of money? Maybe but I’m not so sure. And exactly when are they going to do this? They’ve been running their mouths for ten years about the Iraqi stock exchange and nothing, absolutely nothing, has happened. It could be good for a quick return if it ever does come about. I personally wouldn’t let my profits ride though. I would take the money and run fast.

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  • yota691 changed the title to Iraq's stock market is trading 76 billion shares during last April

Iraq's stock market is trading 76 billion shares during last April

 

 Since 2018-05-03 at 11:09 (Baghdad time)

0-098.jpg

Baghdad - Mawazine News

 The Iraqi Stock Exchange on Thursday said it traded 76 billion shares during the month of April, worth KD63 billion in 21 trading sessions during the same month.

 The market was organized during the month of April 2018 (21) trading session where the number of companies listed in the market (102) joint-stock companies and the number of companies traded shares (62) a company".

He added that "the number of shares traded during the month of April reached 76 billion shares and the index in March was the decline (6.5%) after the number of shares traded (81) billion shares during the month of March, while the value of shares traded (63) billion dinars in a month April".

He pointed out that "the index of the market prices of shares traded in the last session of the month of April closed at (607) points, a decrease of (4.04%) compared to the closing of the last session of the month of March (632) points, while the number of contracts executed during the month Nissan (7449) deal. "

He continued, "The circulation of foreign investors amounted to buy (1) billion shares worth (3) billion dinars on the shares (23) joint stock companies, while the circulation of foreign investors in the sale (2) billion shares worth (2) billion dinars on shares ( 14) shareholding company, while the number of listed shares for the month of April 2018 amounted to (11.452) trillion shares and the market value (12.287) trillion dinars. "

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  • yota691 changed the title to The stock market rises in the ISX 60 index and falls in volume and value of trading

The stock market rises in the ISX 60 index and falls in volume and value of trading

Readers

 

 

8
The stock market rises in the ISX 60 index and falls in volume and value of trading

 

05-05-2018 01:22 PM

 

The Euphrates -

 

The index of Iraq Stock Exchange (ISX 60) rose in the index of the market while the volume and value of shares traded during the sessions last week compared to the week before.

The market was organized during the week ending May 3, four trading sessions in the regular market and three sessions in the second market and traded during the sessions last week shares (36) companies in the systemic market and five companies in the second market in (38) companies did not trade during last week's sessions to reach the number of companies suspended from trading (23). 
The number of companies listed on the market (102) joint-stock companies, of which (73) listed companies in the regular market and (29) listed companies in the second market. 
Abdul Salam said that the number of shares traded for last week amounted to (12.294) billion shares compared to (14.778) billion shares for the week before which a decline of 16.8%, while the value of shares traded for the same week (10.654) billion dinars compared to (14.399) billion dinars for the week which Before him is also low by 26% 
The ISX 60 index closed at 607.91 points, up 0.17% from the previous week's close of 606.85 points. The number of transactions executed last week reached (1306) (1791) a deal for the week before.

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  • yota691 changed the title to A proposal to trade a quarter of the shares of government banks on the stock exchange

A proposal to trade a quarter of the shares of government banks on the stock exchange

   
 

 
 

Author: Al-Sabah

09/5/2018 12:00 am

Aims to achieve equality of employment opportunities between the public and private sectors 
Baghdad / Mustafa al-Hashemi 
The specialists in the economic issue from time to time to those responsible for the economic file in Iraq solutions and proposals aimed at contributing to the actual development of productive sectors, whether governmental or private sector. 
The economist Abdul Hassan al-Ziyadi proposed to put 25 percent of the shares of banks and state insurance companies and all its economic departments, which would develop the economic process in Iraq and the cycle of cash, at a time when the competent specialist need to get rid of the burdens of state-owned enterprises and put them to investment because it hinders the development process. Developing the economy



Ziadi presented this proposal during the seminar on reconstruction, development and strategic planning of the country attended by "morning", expressing his hope that "contribute to the development of the economy of the country and the activation of productive sectors to be implemented in deliberate steps to enable the citizen to be an active and beneficiary, at the same time , Of the economic process. " 
He explained that "the offer of 25 percent of the shares of banks and government companies winning to subscribe through the Iraqi market for securities and public announcement and encourage trading on them would activate the stock market and revive it economically, on the one hand, and activate the cash cycle by attracting the masses of the public and turning them into national savings active in the process On the other. " Equal opportunities



He stressed that "this measure will positively affect the national economy in all its aspects and push the private sector towards growth and development to contribute to the achievement of equal opportunities between the public and private sectors, as well as it will reduce the unemployment rate and increase the gross national product to achieve well-being of society and strengthen the foundations of the economy the National". 
It is noteworthy that the Public Companies Law No. 22 of 1997 amended article 35 of which "the public company may be converted into a joint stock company with the approval of the Council of Ministers." The law also does not address the issue or listing of shares of government companies in the Iraqi market for securities, A new law commensurate with the proposal aimed at achieving a qualitative leap in the economy to fit the new stage to be accepted by Iraq. Economic feasibility



For his part, described an economic researcher the work of government companies (the public sector) as a burden that weigh heavily on the financial budget of the state unless the review of its performance and economic feasibility. 
The researcher Firas Amer said that "the companies of the losing public sector are now a major burden on the budget of the state financial and prevent the achievement of positive results to promote the economy of the country," stressing that "there are a number of government companies have not been restructured except for a few companies, And urged to invest or privatize it. " The industrial base and pointed out that " the reluctance of the work of the public sector has led to hinder the development process in Iraq because it is a very large part of the industrial base in Iraq, as it is , the burden on the budget and must be restructured in order to be a catalyst to supplement the general budget of the financial resources of the non - sector  oil "He said.





Amer suggested "restructuring the public sector and establishing a development bank that is interested in restructuring the factories while at the same time taking care of the industrial and service sectors in Iraq." He pointed out that "there are three specialized banks (agricultural and real estate) if they were merged into development banks with an increase in capital, Real and real development of the public and private sectors ".
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  • yota691 changed the title to Today .. leave on the Iraqi Stock Exchange

Today .. leave on the Iraqi Stock Exchange

Today .. leave on the Iraqi Stock Exchange
The stock exchange will return to work on Monday
 
 
 
 13 May 2018 11:29 p

Mubasher: Iraq's stock market crashed on Sunday to secure parliamentary elections in the country .

 

The Stock Exchange said in a statement that it was decided not to organize the trading session today; after the decision of the Council of Ministers of Iraq, as an official holiday in the country; in order to secure the electoral environment for citizens and to facilitate the functions of the electoral centers .

Iraqi parliamentary elections were launched on Saturday after the Iraqi parliament voted on May 12 , and the Iraqi president issued a decree on that date .

About 7,000 candidates, representing 205 political entities, are competing for 329 seats .

The current prime minister, Haider al-Abadi, is running for a second term but faces a number of rivals, including former Prime Minister Nuri al-Maliki .

The last of the Iraqi stock market holidays, the beginning of May this year; on the occasion of World Labor Day .

The general index of the Iraqi Stock Exchange, the transactions last Thursday, the last session of the week, down 0.16 % , at the level of 598.4 points .

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  • yota691 changed the title to Execution of a corresponding order on the Islamic Holding Bank of KD 7 billion
 
879.jpg

stock market
  

 Market


Economy News Baghdad:

Al-Khair Al-Khair Company, a brokerage of the sale and purchase of securities, executed on Monday a counter-order of 7 billion shares valued at 7 billion dinars on the shares of the Islamic Holding Company .

The Iraqi Stock Exchange said in a press release read by "Economy News" that "the company Good Buds to mediate the sale and purchase of securities has implemented a corresponding order on the shares of the Islamic Holding Company for the meeting on Monday, 14/5/2018 .

"The implementation took place in the time of the extra session and in accordance with the procedures for executing large transactions, " she said.

"The number of shares sold reached 7 billion shares valued at 7 billion dinars ."


Views 345   Date Added 05/14/2018

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879.jpg
stock market

  

 Market


Economy News Baghdad:

The stock market warned investors and shareholders of a fake page on the social networking site "Facebook" bearing the name of the market .

The stock exchange said in a statement on Wednesday that this page is fictitious, non-affiliated, licensed or subject to market control, and is required to report this page as"spam" to close it .

The Stock Exchange said in its statement that moral, legal and financial responsibility for any damage to shareholders or dealers following the directives and instructions of this page .

The general index of the Iraqi Stock Exchange, trading on Wednesday, up 0.1%, at 604.46 points, winning 0.62 points, supported by two shares only .


Views 21   Date Added 16/05/2018

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Stock Exchange «Economy News»

  

 Market


Economy News Baghdad:

The Silk Convertible Company announced on Thursday that it will increase the company's capital from 45 billion dinars to 100 billion dinars .

The company said in a statement quoted by the stock market and received by "Economy News", "The General Assembly of the company decided to increase the capital of (45) billion dinars to (100) billion dinars, according to article (55 / I) of the Companies Act ."


Views 50   Date Added 17/05/2018

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  • yota691 changed the title to The stock market is trading about 17 billion shares
Editorial Date: 2018/5/20 11:36 • 97 times scheduled
The stock market is trading about 17 billion shares
[I-Baghdad] 
Index closed the Iraqi market for securities during the sessions last week at a rise of 0.84% and also increased the volume of trading, which reached about 17 billion shares.
"The market organized four trading sessions from Monday to Thursday, where the number of companies traded shares [42] joint-stock companies and the number of companies suspended by a decision of the Securities Commission [23] companies for non-disclosure and the number of companies listed on the market [102] joint-stock companies. " 
"The ISX60 index closed at (599.95) points, and closed at (603.42) points on Thursday, 2018/5/17 points, up by 0.84% from the close of the previous week which was closed at [598.40] points."
The number of shares traded during the last week reached 17.561 billion shares compared to the previous week, where the rise was 3.9% after the number of shares traded [16.907] billion shares and the value of shares traded [16.996] billion dinars compared to the week Before the decline was 21.2% after the number of trading value [21.573] billion dinars " 
He said," Last week saw the implementation of a number of contracts amounted to [1646] contract, while the number of shares purchased from non-Iraqi investors last week [680] million Shares, worth [868] million dinars through the implementation of 170 transactions on the shares of [13] companies, while the number of Wallace Are sold from non-Iraqi investors last week, reaching [705] billion shares worth [464] million dinars through the implementation of [102] deal on the shares of [3] companies. "
The Executive Director pointed out that "the meetings last week witnessed the implementation of two sessions for trading special orders and interview destination was carried out [3] deals on the shares of the Islamic Holding Company, the number of shares [14.500] billion shares and the value of [14.500] billion dinars in the sessions of 14-17 / 5/2018 ".
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  • yota691 changed the title to The Iraqi Stock Exchange closed down in the midst of trading activity

The Iraqi Stock Exchange closed down in the midst of trading activity

The Iraqi Stock Exchange closed down in the midst of trading activity
The general index is down 0.09% at the end of trading
 
 
 
 23 May 2018 01:48 PM

Mubasher: The general index of the Iraqi Stock Exchange on Wednesday, down 0.09%, at 601.9 points, losing 0.53 points, compared to the level of closing on Tuesday .

The performance of the stock exchange was affected by the decline of 11 stocks, led by the light of the financial transfer by 12.5%, followed by the Mosul dam of tourism 6.75%, the Bank of Assyria 3.7%, the Iraqi date of manufacture 3.33% and the Canadian of vaccines by 2.63%. 

On the other hand, 6 shares rose, led by ready-made garments production at 10%, followed by communications ring 6.45%, Babil Bank 4.55%, and National Chemical Industries 1.28%. 

The volume of trading today amounted to 826.1 million shares, compared to 583.53 million shares in the last session, and increased the value of trading to 526.7 million dinars, compared to 416.29 million dinars in the previous session.

The Bank of Baghdad shares were trading volume and value for the second day in a row, with 704.73 million shares traded, valued at 338.27 million dinars.

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  • yota691 changed the title to Stock Exchange: 65 billion shares volume trading

Stock Exchange: 65 billion shares volume trading

   
 

 
 


03/6/2018 12:00 am 

 Baghdad / Al-Sabah  
The Iraqi market for securities announced the trading reality for the month of May last, where the number of shares traded (65) billion shares worth the shares traded (66) billion dinars. 
"The trading sessions for the month of May 2018 showed that the number of trading sessions was (21) sessions, participated (62) joint stock companies and the banking sector is the most in terms of the number of companies traded market measure," pointing out that " The number of shares traded reached (65) billion shares worth (66) billion shares, where the number of shares traded for foreigners buy (2) billion shares, the value of the purchase (10) billion dinars. Number of Shares



He pointed out that "the number of shares traded for foreigners sold (3) billion shares, worth (2) billion dinars," noting that "the index of shares prices traded ISX60 closed at (608) points in the first session of the month of May and closed at (593) A point in the last session of the month, down by 2 percent. " (47) joint stock companies in the annual disclosure of 2017 within the legal period of the law and instructions, which ended at the end of May 2018, and delayed (36) joint stock companies in the submission of annual disclosure and is expected to be submitted during the month of June 2018, and there are (19) Of the trading decision of the Securities Commission for non-disclosure of the year 2016 and 2017 disclosure. Investor confidence



"The lack of disclosure or delay in the submission affects some companies investor confidence and desire to keep their shares that these companies will be offered to the decision to stop trading of shares by the Securities Commission on the other hand and the continued lack of knowledge of financial position from the other hand." He pointed out that "What matters to the shareholder and investor in securities is to ensure the stability of the financial position of the company through the available data and the size and type of performance achieved and surplus realized and the percentage of profits distributed from it or that will be converted to reserves and despite the absence of the standard value of the share, expressed in accordance with International Standard No. 13 ) But the financial statements give a historical impression of the type and size of performance 
achieved. " The real value



"When a shareholder or investor finds that the real or fair value of a share is higher than its market value, it seeks to strengthen its portfolio of financial instruments by that type of stock and leads to an increase in the turnover of stocks in terms of increasing effective demand and vice versa. While measuring the aspect of performance and disclosure is also to increase the methods of control and achieve results not only in terms of measurement and evaluation, but in terms of creating a real demand for shares and vice versa also that the real measure of trading depends on indicators of demand by small and medium-sized shareholders because they are the most traded Selling and buying on securities ". 
He said: "The stability of the exchange rate of the national currency and the low volatility in the official price will direct liquidity towards investment in alternatives, which have a high flexibility in circulation and characterized by low costs of transfer of ownership, led by shares of companies listed on the Iraqi stock 
market."
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