Saadi: adoption of the budget will stimulate the stock market

[yota691]

Saadi: adoption of the budget will stimulate the stock market

 

Published on Monday, February 2, 2015 08:14 Posted By: Jawad dreams Hits: 18

BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - Chairman of the Securities Commission Abdul-Razzaq al-Saadi, said the approval of the financial budget for the current year, will stimulate the circulation in the Iraq Stock Exchange.

 

He said al-Saadi's ( IMN ), that "the activity will escalate once the media about the projects, thanks to the liquidity provided by the budget, which represents new elements enter the market and contribute to its effectiveness."

 

They expected the Securities Commission, earlier, increasing the proportion of foreign investment in the Iraq Stock Exchange, with the orientations of the government program to support the private sector.

From: Walid al-Zaidi, Edit: Laith Mohammed Reza

[moneysoon]

Good Morning Yota,

 

We are waiting for a turn around! It's going to take more than the budget passing to do it though. The market has not responded as of yet...

Edited February 2, 2015 by moneysoon

[yota691]

I hear ya MS..as I comment on the CBI sales article..once this goes the Demand for the IQD will drive the value up...and GM to you and all of DV...

[Big_J]

BUMP

[TrinityeXchange]

i agree with the writer.  the market has suffered from foreign (non iraqi) investors pulling out for lack of confidence.  solidarity on the part of the political structure by passing things like the budget helps restore foreign confidence in the country and market.  

[yota691]

Parliamentary investment confirms: adoption of the budget market rebound

 

Published on Monday, February 3, 2015 5:45 Posted By: Jawad dreams Hits: 75

BAGHDAD / Center Brief for the Iraqi Media Network ( IMN ) - Deputy Chairman of the Committee on Economy and Investment in the House of Representatives Harith al-Harthy, the announcement of the adoption of the budget, move the market and an active trade.

 

He's Harthy ( IMN ), "The budget bill this legislation as early in the year, is reassuring for citizens and investors alike."

 

And  Chairman of the Securities Commission Abdul-Razzaq al-Saadi, said the approval of the financial budget for the current year, will stimulate the circulation in the Iraq Stock Exchange.

 

From: Walid al-Zaidi, Edit: Laith Mohammed Reza

[moneysoon]

OK..... The budget has been passed. The budget alone however, will not do it. When we see the infrastructure laws e.g. economic, education, agricultural projects underway or at least announced, we then might begin to see a turnaround. I am wondering why they believe passing a budget on time, while it is noteworthy for them, but normal for many others, will be the great stoke to the fire for the foreign investor? I, for one, am not that fickle and myopic in market speculation.

 

What I see happening is that the foreign investor will cautiously wait for a little while longer. But many will continue to pull out this year if the crawl does not turn into a walk in short fashion. For me however, when I see the ISX listing 16 or 17 New Banks, Money Transfer Companies, and Financial Transfer Companies beginning tomorrow, I know what they are up to... My suggestion is to simply get ready because they are either going to fish or cut bait. Either way you need to be ready for your next moves.

[ginger21]

Moneysoon are you going to buy any stock from one of the Transfer companies? I have been looking at them but not sure if I need to pull the trigger.

[captl1]

The need to move to a market economy for any improvement in the stock market period!