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Iraq Stock Exchange index stop "ISX37" tested "ISX60"


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March 2, 2015 12:58   Last updated: March 2, 2015 12:58

 

 

 

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Image from Reuters - Arabian Eye

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Cairo - direct: Iraq Stock Exchange announced on Monday that it had suspended index " ISX37 "so as to double the representation of companies in the sample for the movement and direction of the market by including accurate.

The bourse said in a statement posted on its official website, it is currently testing to measure the index " ISX60 ".

The stock market has been noted that "index ISX60 "is used to measure the index of the trading system X-stream through calculated in each session of a sample of (60) listed company as of February 9, 2015.

 

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Parliament form a committee for the advancement of the Iraq Stock Exchange

MONDAY, MARCH 02 / MARCH 2015 13:18

H / P P L

 

Twilight News / revealed to the parliamentary Committee of Economy and Investment, on Monday, all formed a small committee is working to overcome the obstacles facing the advancement of the work of the Iraq Stock Exchange (KSE), noting that the work of the current market does not keep pace with economic development.

54756.jpgA member of the mini-committee Najiba Najib's "Twilight News", that "the economic and investment commission Chairman and members of the Iraq Stock Exchange hosted the show many problems afflicting the market, including the related legal legislation," pointing out that "the law of the market is a long time in the State Consultative Council ".

"The stock market in all countries is an indicator of which can determine the recovery of the economy through the stock exchange, either in Iraq, there is no awareness of the Iraqi citizen or investor that invests in the market."

House Najib said the "problems of the Iraq Stock Exchange is a private company registration procedures, as well as dealing with the banks and the banks," asserting that "the mini-committee will follow overcome all the obstacles facing the advancement of Iraq market for securities."

Founded and Iraq Stock Exchange in 2004, and works under the supervision of Iraq Securities Commission, which is the only stock exchange in Iraq.

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Uhm, yes, I have a suggestion for this new and improved committee:

Why don't y'all go ask the CBI to revalue the currency, so that you don't need to keep forming new and improved Comittees for the Ongoing Discussions of Obvious Things?

Thank you,

A concerned American citizen

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Cairo - direct: Iraq Stock Exchange announced on Monday that it had suspended index " ISX37 "so as to double the representation of companies in the sample for the movement and direction of the market by including accurate.

The bourse said in a statement posted on its official website, it is currently testing to measure the index " ISX60 ".

The stock market has been noted that "index ISX60 "is used to measure the index of the trading system X-stream through calculated in each session of a sample of (60) listed company as of February 9, 2015.

 

in case any are wondering what this means, translation:

 

the ISC is preparing to change the Index of the ISX.  the index helps investors to measure how the market is performing overall through a sample size.  the current index is called the "ISX37" which presumably is a sample size of 37 companies listed on the bourse from which an average is taken.  well to get a better average and one that is more accurate, the ISC is creating the "ISX60" index where 60 companies will be sampled for the average movement of the market.  

 

just my 2c

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it is my opinion that any money wired over into iraq will experience the same RV affect as money being held in hand.  if the zeros are deleted from the currency, the governing body has to ensure that value is not lost through their policy implementation.  companies listed on the bourse cannot be penalized for a monetary policy change.  

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Tuesday 10 March 2015 09:37
 
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Alsumaria News / Baghdad 
announced Market Iraq Stock Exchange, Tuesday, about the rise in the value of trading for the month of February to reach 38 billion dinars, while the market index fell to 70.490 points. The trading market through February 41 billion and 941 million shares, a financial value of $ 38 billion and 13 million dinars, compared to January of last month that the total shares traded stood at 13 billion shares, worth 15 billion dinars, while the number of companies traded stood at 64 companies out of 75 listed electronically in the market.


 

Amounted to contracts executed in the February 8865 contract, compared with 6876 was held in January, with the market index closed at a decline of 70.490 points, compared with 81.48 points the previous month. Iraqi Company for Land Transport and recorded more companies rise in value traded, followed by civil agricultural production, in while more companies drop Salam Bank, followed by the Dar es Salaam Insurance Company. The share of traded shares purchase by non-Iraqi investors for the month of February, 25 billion and 252 million shares a financial value of $ 22 billion and 741 million dinars through the implementation of 383 contracts, while the stock traded selling 27 billion and 895 million shares valued at 23 billion and 953 million dinars, through the implementation of 824 contract. Iraq Stock Exchange and announced the use of market index lSX60 in each session to sample the 60 listed company, and to stop the work index lSX37 to poor sample representation of the movement and direction of the market accurately. It is noteworthy that Iraq Stock Exchange was founded in June 2004, and was approved by the manual trading, and in April 2009 electronic trading adopted in part by some of the companies, and began trading electronically registered companies in 2010, and traded in the market 73 subsidiary for eight sectors are banking, industrial, hotel, tourism, agriculture, investment, and insurance, in addition to communication.

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The ISX is becoming more active as electronic trading takes hold, Its great to see this progress and a more predominant involvement taking shape. You guys who are in ISX are doing, or, going to do extremely well.

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