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Found 9 results

  1. Movement to develop the Iraq Stock Exchange Tuesday 09 February 2021 31 Baghdad: Hussein Thahab Empowering the Iraqi market for securities represents the goal of the next stage of the Securities Commission, as the volume of shares circulation is a mirror reflecting the economic activity in the country, and the Commission’s efforts are looking to reach a trading volume of 3 - 5 million dollars per day to be a semi-emerging trading market. The head of the Securities Commission, Faisal Al-Haimas, said to {Al-Sabah} «There is an active movement to develop the Iraqi market for securities in line with the economic potential of Iraq». Poor circulation He added, "The reality of stock trading in the market is below the level of ambition, which makes it imperative for us to work on studying the causes of poor trading and moving towards addressing them." He pointed out that «Iraq has an economy not to be underestimated at the level of the region and the world and has the second oil reserves, and this large wealth in this sector, along with wealth in other sectors, could be more effective and this is positively reflected on the performance of the Iraqi stock market. Re-circulate He revealed that «the commission examined the causes of poor circulation and found that a number of companies were suspended due to their failure to make disclosure, and this prompted us to issue decisions based on the reality of the situation that Iraq and the world went through due to the Corona pandemic, which was considered a force majeure, and we were able to re-circulate a number of companies And work continues to look at the reasons for the suspension and address that and return a number of companies to circulation ». He pointed out that «this measure helped to move inactive funds by re-trading the shares of the suspended companies after raising the reasons and this returned the movement to the reality of stocks». Maximize circulation Al-Haims also confirmed, "There are plans to maximize trading and its value, by introducing a daily trading volume of 3 to 5 million dollars, and from here we have a semi-emerging trading market that contributes to attracting foreign investments." Pointing out that «this trend represents one of the most important goals that the Commission is working to achieve during the coming period». He cautioned that «raising the level of foreign investments in the Iraqi market for securities requires the presence of attracting elements that contribute to this and the most important element of achieving profits by joint-stock companies and taking advantage of price variables in daily trading». He explained that «the legal environment for the functioning of the market is appropriate and appropriate to work, especially since the market is not modern and has been operating for a long time, and the country has wealth that makes us have a large stock market».
  2. The Iraqi Stock Exchange trades shares worth 600 million dinars on the first trading in 2021 2021-01-04 06:39 Shafaq News / The Iraq Stock Exchange announced at the opening of its first session of this year on Monday, that more than 880 million shares have been traded, with a financial value of 600 million dinars. The market said in a report seen by Shafaq News, "The number of companies whose shares are traded during the day reached 23 out of 104 companies listed in the market." The market added that "the number of traded shares amounted to 886 million and 170 thousand shares, with a financial value of 601 million dinars, while the ISX60 traded price index closed at 500.80 points, registering a 1.42% decrease from its close in the previous session." "Shares purchased from non-Iraqi investors reached 65 million shares, with a financial value of 51 million dinars through the implementation of 22 deals on shares of 5 single companies," while shares sold by non-Iraqis in the market reached 8 million shares, with a financial value of 31 million dinars through the implementation 18 deals on shares of one company. It is noteworthy that the Iraq Stock Exchange has used electronic trading and central depository systems since 2009 and seeks to launch an Internet trading system for investors, and organizes five trading sessions per week from Sunday to Thursday, and it includes 104 Iraqi joint stock companies representing the sectors of banking, communications, industry, agriculture, insurance, financial investment and tourism And hotels.
  3. 92 billion shares were traded during the month of August Monday 14 September 2020 2 Baghdad: Hussain Thahab The monthly report of the Iraq Stock Exchange revealed that more than (92) billion shares have been traded at a value of (63) billion dinars, representing the rights of transacting shareholders. Shares through brokerage companies - remote trading - from their headquarters, and dealing by investors and shareholders on the shares of (52) joint stock companies, and the financial and stock settlements and clearing were executed on the day of the trading session itself T + 0 using electronic systems, Pointing out that "the number of traded shares exceeded (92) billion shares, representing shares of transacting shareholders, with a value exceeding (63) billion dinars, representing the rights of transacting shareholders." He pointed out that "the total number of deals executed by the dealers (5324) a stock trading deal, as the ISX60 market index for the share prices traded in the session on Monday August 31 closed at (469) points," pointing out that the number of companies suspended from trading reached (23) companies for lack of Provide financial disclosure for previous years. Stock trading From following up on stock trading indicators in the August 2020 sessions, it shows clear effectiveness of dealings by investors for regular deals between shareholders from 9:30 - 12 pm and private deals - which require special disclosure and following due diligence procedures for stock dealers in the market as well as banking care controls, and are implemented. In the trading session from 12 - 12:30. It is implemented at the rate of the share price for that day, and investors have dealt with private deals on companies' shares (Bank Trans Iraq, Elaf Islamic Bank, Kurdistan International Islamic Bank, International Islamic Trust Bank, Noor Iraq Islamic Bank). Foreign investors On the trading of foreign investors, Abd al-Salam said: “The number of shares purchased by foreigners reached (16) billion shares executed through (523) purchase transactions. The value of (16) billion dinars from the trading of shares of 8 joint stock companies listed, and the number of shares sold by foreigners reached (139) million shares, executed through (176) sale deals, worth (312) million dinars from the trading of shares of (12) companies Contribution included. He pointed out that «the month of August witnessed the start of training for students of the Higher Institute for Accounting and Financial Studies / University of Baghdad in August 2020, through groups that do not exceed 5 students because of the Corona pandemic and the necessity of divergence. Trading and the mechanisms of opening an account in the depository center, and giving lectures through the Zoom network for trainees remotely. Training for students will continue with the same mechanisms for the coming months. Abdul Salam continued, “To move forward with the financial and information disclosure plan for joint-stock companies, which was launched by the Iraq Stock Exchange in July 2020, the market continued to send invitations to joint stock companies during the month of August 2020 and organized (3) workshops for joint-stock companies to disclose the financial statements for the ended fiscal year. On December 31, 2019, the financial statements for the first and second semester of 2020, and the impact of the Corona pandemic on corporate performance, performance plans for 2020, and plans expected in 2021. In the detailed annual disclosure of joint-stock companies between Abd al-Salam, “51 joint-stock companies submitted the annual disclosure and the financial report as on 12/31/2019. They were published on the website of the Iraq Stock Exchange, and they are also being published in the monthly reports, and all disclosures will be republished in the report. The annual Iraq Stock Exchange 2020, for the purpose of benefiting shareholders, researchers, observers and supervisory authorities.
  4. Trading 21 billion shares on the Iraq Stock Exchange Wednesday 01 April 2020 21 Baghdad / Al-Sabah The Iraq Stock Exchange revealed that more than 21 billion shares were traded during the month of March, as trading in them focused on the banking sector by 74 percent and the communications sector by 18 percent, with a value that exceeded 39 billion dinars, focused by 70 percent in the communications sector and 22 percent in The banking sector, "according to the report issued in the month of March issued by the market, despite the effects of the Corona virus on circulation and all joints of life around the world." The Executive Director of the market, Taha Ahmed Abdel Salam, said: "The Iraq Stock Exchange organized 12 trading sessions in securities until March 16, 2020 because of the curfew that was applied from the night of March 17, 2020. One of the most important indicators achieved during the current month is organizing 12 trading sessions in securities from March 1 to March 16. And the completion of financial and equity settlements of the deals executed by the investors selling And buy. " He pointed out that "the number of companies whose shares were traded reached 53 out of 103 joint stock companies listed in the market, and the number of sales and purchase deals reached 4757 deals focused 40% in the industrial sector and 29% in the banking sector and then the telecommunications sector by 18%." Abdel Salam added that from the "monthly trading circular documenting the stock buying and selling indicators during 12 trading sessions, showing the high prices of shares of 9 joint-stock companies of different degrees, and the low prices of the shares of 21 joint-stock companies of different degrees, while the share prices of 23 joint-stock companies were not traded, their shares trading in prices The same precedent, out of 103 companies, were traded in shares of 53 joint stock companies, and the number of companies suspended from trading due to the failure to provide annual disclosure for previous years (24) companies and the number of companies that have meetings for public bodies (2) companies. He pointed out that "the stock price index traded closed in the first session of March at 462.81 points and closed in the session of March 16 last session in the current month at 444.9 points, a decrease of 4 percent. The market index for the prices of shares traded for the month of February has witnessed a decrease of 3 percent at Closure Also". Abdul Salam stressed that the circulation was affected by the Corona virus, as this report was prepared based on the available information and data due to the imposition of a curfew in the city of Baghdad and the closure of provincial borders and the closure of external borders between countries of the world, and the decisions to ban roaming had a clear impact on the stock movement. . Abdel Salam continued, saying: "Procedures and remedies are still unilateral at the economic level, especially in the issues of the global oil market and financial markets, and many Arab and international financial markets have taken emergency measures to restore their position and activity, the most important of which was to follow the policy of variable rates in changing prices by adopting a rate of 5 percent in decline Prices and 15 percent or 10 percent increase in prices To support any adverse price rebounds, in addition to following the policy of stopping trading during the session for 15 minutes after launching the session when there is no sharp drop in prices, which is an unsuccessful policy in most of the time, For shareholding companies to purchase 10% of their shares by a decision taken during the session and not with prior approval of no less than three announced days, as was previously followed, especially in the Egyptian Stock Exchange, as well as stopping fees and fines for investors, and reducing the interest rate to investors to zero. United and Europe "
  5. Iraq Stock Exchange signs agreement with US stock exchange on trading technology Economie 2019-07-18 09:30 Source: Alsumaria News 1,431 views The Iraqi market for Iraqi securities, Thursday, the signing of a new agreement with the US stock exchange on the technology of trading and deposit securities. " NASDAQ and the Iraq Stock Exchange (ISX) have signed a new agreement to expand their technology relationships for the next five years starting from October 2019," the market said in a statement received by Alsumaria News . "NASDAQ Will continue to license, support and maintain ISX systems and upgrade the next five years trading and deposit technology (CSD) technology. " "The use of NASDAQ technology is a positive signal for local and international investors and regulators that Iraq will step up its efforts to become an important financial center for securities trading ," said Taha Ahmed Abdul Salam , chief executive of the market . For his part, Managing Director , showed the Nasdaq region of the Middle East , Michelle Carlson , "through the next development and use of the latest Nasdaq technological techniques, ISX will join the stock market community in the area of the Middle East in the deployment of multi - trading high - quality technology assets in line with international standards, we look forward To support ISX while continuing to develop and innovate. "
  6. Growing capital of private banks in Iraq by 15% economy Since 02/01/2017 14:09 pm (Baghdad time) BAGHDAD - balances News Revealed Association of private banks, on Monday, for the attainment of the private banks operating in the Iraqi capital of 8 trillion dinars and an increase of 15% from last year, saying it accounted for 78.2% of the total Iraqi banking sector and capital. The executive director of the Association of private banks, Ali Tariq vacationer, in a press statement, received / balances News / copy of it, that "the number of private banks in Iraq, 55 banks, including trade, investment and financing and Islamic banks and branches of Arab and foreign banks reached their capital as of 31/12 / 2016 up to 8 trillion dinars and an increase of 15% from last year, especially as it accounted for 78.2% of the total banking sector and capital. " He added that "for the purpose of accessing banking density to the top of the current percentage is expected that the money and assets capital go up in 2017 to good growth rates in the light of the central bank holiday, a number of Islamic banks, which will lead to a rising number of banking products and services in the introduction to the public in the same year ". He predicted vacationer, that "there is a significant increase in the number of open accounts with private banks from within the project of resettlement of civil servants' salaries in the banking sector as well as the growing interest in electronic payment cards of private banks are Isier they provide to citizens," .anthy 29 n / 10
  7. Workshop discusses investment in securities attract 5/10/2016 0:00 BAGHDAD - Mostafa Hashemi place Iraq Stock Exchange early preparations to hold a workshop expanded to discuss opportunities to enhance attracting investment in securities in the twenty - third of next July. A source in the market , in a statement «morning» that the workshop will be held under the slogan « the role of the rules of corporate governance contribute and disclosure to attract and promote investment and trading securities »companies, and is scheduled to witness the presence of the interaction of a number of sectoral agencies, academics , economists and specialists in Iraqi universities, along with economic organizations and those interested in economic affairs, especially after a formal invitation to them. the source confirmed that the workshop comes within Iraq Stock Exchange plan to deploy investment attraction factors his culture, explaining that the workshop will discuss the two axes first looking importance of issuing the rules of corporate governance of joint stock companies and their role in investment securities attraction, adding that the second axis will discuss the annual disclosure of corporate indicators. the Iraq Stock Exchange may organized in the twenty - third of April , a workshop under the title «electronic trading role and rules Iraq Stock Exchange in stimulating investment». and issued several recommendations of the workshop stressed the importance of activating the role of corporate governance by all the relevant listed companies and save small investors rights bodies, and the importance of activating the supervisory role of the market and not to be the recipient of irregularities but the initiator of the disclosed and do not let happen again, as well as greater transparency for the market indices to reflect the real situation on the size of the sharp decline in prices and accurately to index the daily market. The recommendations called to stop working to allow brokerage firms to invest 65 percent of its capital in the Iraq Stock Exchange and determine the median sales operations and sell to investors exclusively the role, and the granting of financial investment companies to trade their shares or equity portfolios managed directly by giving them a limited circulation of leave as a reasonable and acceptable license fee. and showed the need to reconsider in the proportion of the foreign investor 's contribution in listed and that the companies do not remain open without any limitation as is the case in the money markets of neighboring countries, stressing at the same time the need to amend the companies Act to allow companies to buy its shares listed on the market and covered by the accumulated surplus or funding them and then sell when conditions improve note that exists in several countries. It showed that this method contribute to raise prices and give confidence to investors and absorption quotient of inflation in some of the companies' capital.
  8. Conference in London to discuss investment in the stock market 12/17/2015 0:00 BAGHDAD - Mostafa Hashemi Iraq Stock Exchange is seeking to open up to the world through the definition of the activities of the private sector traded companies with a view to increasing investment in the banking and industrial sectors and services, agriculture and others. This comes at a time of the course is to be held in the British capital London global bourses Conference 20 - January 2016 21, organized by «Simesku» company specialized establishment of investment conferences outside Iraq. He said Ahmed Al Jader - one of the officials in the company - in a statement singled out by the «morning», that «the idea of the conference is based on the collection of stock markets and global markets in the Middle East and North Africa with Arab and foreign investors in the global capital for investment «London» where is the Iraq Stock Exchange of the most important financial markets planned to invest in »., said Jader:« There will be participation of the Iraq Stock Exchange, represented by the Executive Director of the Iraqi market for securities, Taha al-Rubaie and Thaer chosen president of the Board of Governors. will also participate members of the Iraqi Stock Exchange companies to encourage investment in the shares of their companies through the Iraq Stock Exchange, represented by banks and companies money transfer and brokerage firms and hotels, as well as other companies listed on the Iraq Stock Exchange Finance ». He explained that it would be Through the presentations will present to introduce their companies and encourage foreign companies to invest and to enter the Iraqi market and the advancement of the economy national. He Jader that it is scheduled to participate in the conference of more than 50 global companies from various Arab and foreign countries and from all kinds of areas to promote and support the financial markets, as well as experts, economists and journalists interested in the economy and investment in the region. Among the most prominent Arab stock markets that will participate in the conference are «Abu Dhabi Securities Exchange, the Amman Stock Exchange, along with Jordan Securities Commission and the Stock Exchange Tunisia, and the Beirut Stock Exchange, and the Muscat Securities Market, and the Stock Exchange Palestine» . According to experts and observers, the indirect investment in Iraq is below the level of ambition. It is also needed to enforce awareness to the public and publicize the importance of this type of investment with a view to trading on the shares of private sector companies in the stock market, which represent a true reflection of the reality of the private sector in the country activated.
  9. Invitation to Iraqi banks and the Arab and international banks to apply for the implementation of the Custodian service in Iraq Stock Exchange August 18, 2015 10:30 For more details please refer to the attached file
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