Nasdaq and the Iraq Stock Exchange Signs New Market Technology Agreement

[6ly410]

Bump this up...

[6ly410]

This is good.. really good.... champagne anyone? Let’s go dinar!

[pokerplayer]

42 minutes ago, navira said:

the stage requires new steps to be taken to stimulate indirect investment in Iraq,including the need to review the prices of shares currently denominated in ONE DINAR or its parts and the percentage of annual orquarterly profits achieved commensuratewith the duration of trading in the stockexchange being one of the most important Factors that enhance the performance ofthe Iraqi market for securities. " 

 

Enlighten me someone. What exactly does this mean ? Sorry long day today and I don't really comprehend what this says.

 

   pp

[Jaygo]

6 minutes ago, pokerplayer said:

 

Enlighten me someone. What exactly does this mean ? Sorry long day today and I don't really comprehend what this says.

 

   pp

 

Basically, to trade the Dinar it has to be at a rate that is tradeable or worth trading so, we are going to look into it. someday. 

[Floridian]

1 minute ago, Jaygo said:

 

Basically, to trade the Dinar it has to be at a rate that is tradeable or worth trading so, we are going to look into it. someday. 

 

Someday.  That was funny, Jaygo.  

[navira]

There is a computation for this where a rate of a dinar is in relation to it...if i could only find it, someone posted a similar article(dont know who posted it).

[NEPatriotsFan1]

15 minutes ago, Floridian said:

 

Someday.  That was funny, Jaygo.  

Someday a synonym of Soon

[yota691]

The Stock Market Launches A System Of Trading Information Services

 

 In 2018-07-26  54 

Baghdad - conscious

The Iraqi Stock Exchange, in cooperation with a specialized Iraqi company, announced on Thursday its readiness to launch the system of trading information services and shareholder balance.

"The system will be launched early next August this year will enable joint investors to receive sales notices and purchase notices as soon as they are implemented during the session online," said Taha Ahmed Abdul Salam, the market's executive director. Completion of the settlement process at the end of the trading session in securities ".

He added that "the receipt of notices of deposit of shares and the launch of trading and inheritance operations and waivers carried out by the shareholders in securities as well as notifications of the process of capital increase when approved by the shareholding company and other services of interest to shareholders."

He added that "the market will organize a workshop before the introduction of this system for securities brokerage companies and shareholders to identify the types of services and mechanism of participation."

[yota691]

Bourse launches a shareholder equity system

 

Market Economy News _ Baghdad The Stock Exchange and one of the specialized Iraqi companies are preparing to launch a system of trading information services and shareholder balance. This system will be reflected positively on investors and shareholders.  "The system, which will be launched early next August, will enable participating investors to receive sales notices and purchase notices as soon as they are made online," said Taha Ahmed Abdul Salam, Executive Director of the ASE. The process of settlement at the end of the trading session in securities in addition to receipt of notices of deposit of shares and the launch of trading and inheritance and assignment operations carried out by the shareholders in securities as well as notifications of the process of capital increase when approved by the shareholding company and other services of interest to shareholders. He added that "the Stock Exchange will organize an introductory workshop before the launch of this system for securities brokerage companies and shareholders to identify the types of services and mechanism of participation."  "The idea of the system and the types of services came to serve the shareholders in knowing the decisions of the joint stock company and communicating in the execution of the purchase or sale of its shares in the rapid disclosure procedures and also as a kind of direct control shareholder shares deposited in the Depository Center. Views 32   Date Added 26/07/2018

[yota691]

 

The stock market is launching a trading information services system early next month

 

09:03

277

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BAGHDAD / 

The Iraqi Stock Exchange announced on Thursday that it will launch early next month a system of information services on trading and shareholder balance, which will contribute positively to investors and shareholders. 

"The market and one of the specialized Iraqi companies will launch a system of trading services and shareholders' equity, which will reflect positively on investors and shareholders," Taha Ahmed Abdul Salam, chief executive of the market, said in a statement received by Al-Ghad Press.

"The system, which will be launched early next month, will enable joint investors to receive sales notices and purchase notices as soon as they are implemented during the session online." 

He added that "the notices of sale and purchase will remain after the completion of the settlement process at the end of the trading session of securities, in addition to receiving notices of deposit and the launch of securities for trading and inheritance and assignment carried out by shareholders in securities as well as notifications of the process of capital increase when approved by the shareholding company And other services to the shareholders 

Abdul Salam said that "the Iraqi market for securities will organize an introductory workshop before the launch of this system for securities brokerage companies and shareholders to identify the types of services and mechanism to participate in them."

He pointed out that "the idea of the system and the types of services came to serve shareholders in the knowledge of the decisions of the joint stock company and the communication when the implementation of the purchase or sale of shares in the rapid disclosure procedures and also as a kind of direct control shareholder shares deposited in the depository. 

[Butifldrm]

The Stock Exchange announces the launch of the electronic query system

 

34 views

26/07/2018

 

Baghdad

The Iraqi Stock Exchange announced on Thursday that it will launch early next month a system of information services on trading and shareholder balance through an electronic system, which will contribute positively to investors and shareholders.

"In cooperation with one of the specialized Iraqi companies, they will launch a system of trading and shareholder information services, which will reflect positively on investors and shareholders," a market statement received by Trend said.

"The system, which will be launched early next month, will enable participating investors to receive sales notices and purchase notices as soon as they are implemented during the session online."

The statement added that "notices of sale and purchase will remain after the completion of the settlement process at the end of the trading session in securities, in addition to receipt of notices of deposit of shares and the launch of trading and inheritance and assignment carried out by the shareholders in securities as well as the notifications of the process of capital increase when approved by the shareholding company And other services of interest to shareholders. "

The statement added that "the Iraqi market for securities will organize an introductory workshop before the launch of this system for stock brokerage companies and shareholders to identify the types of services and mechanism of participation."

zm 

http://aletejahtv.com/archives/242530

[Butifldrm]

The Stock Exchange launches a system of trading information services and shareholder balance

Written by: mohanadat:July 26, 2018In: EconomicNo comments

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Al-Nour News / Baghdad 
The Iraqi Stock Exchange and one of the specialized Iraqi companies are preparing to launch a system of trading services and shareholder balance. This system will be reflected positively on investors and shareholders.

"The system, which will be launched early next August, will enable participating investors to receive sales notices and purchase notices as soon as they are executed during the online session," said Taha Ahmed Abdul Salam, the market's executive director. The completion of the settlement process at the end of the trading session in securities in addition to receipt of notices of deposit of shares and the launch of trading and inheritance and assignment carried out by the shareholders in securities as well as notifications of the process of capital increase when approved by the shareholding company and other services of interest to shareholders "He said.

"The Iraqi market for securities will organize an introductory workshop before the launch of this system for brokerage companies in securities and shareholders to identify the types of services and mechanism of participation."

He pointed out that "the idea of the system and the types of services came to serve the shareholders in the knowledge of the decisions of the joint stock company and the communication when the implementation of the purchase or sale of shares in the rapid disclosure procedures and also as a kind of direct control shareholder shares deposited in the depository.

Post on the web sites!

http://alnoornews.net/archives/178025/سوق-الأوراق-المالية-يطلق-نظام-خدمات-ال/

[yota691]

Bourse launches a new system to clarify the trading query

28/7/2018 12:00 am  Reflected positively on investors and shareholders Baghdad / Al-Sabah  The Iraq Stock Exchange is preparing to cooperate with a specialized Iraqi company to launch a system of trading information services and shareholder balance. This system will be reflected positively on investors and shareholders. Direct notices  Executive Director of the market , Taha Ahmed Abdul Salam said in a statement received "morning , " a copy of the "system, which will be launched early next month of August this year, will enable subscribers investors to receive notices of purchase sales notices moment implemented during the online session, and keep sales notices And the purchase after the completion of the settlement process at the end of the trading session securities. The shares will also enable participating investors to "receive and release stock placement notices, inheritance and assignment transactions executed by shareholders in securities, as well as capital raising notifications when approved by the joint stock company and other services of interest to shareholders." Abdul Salam said that " The service of the shareholders  between "the idea of the system and the types of services came to serve the shareholders in the knowledge of the decisions of the joint stock company and the communication when the implementation of the purchase or sale of shares in the rapid disclosure procedures and also as a kind of direct control of the shareholder on its shares deposited in the depository.  The Iraqi market for securities was founded in 2004, and moved to electronic trading in 2010 after it was handled manually. The stock market and the economy , in turn , confirmed the competent economic affairs Maitham al - Bolani said " the stock market reflect the reality of the current economy and its movement, signaling where the movement of stocks of various joint stock companies, and here generate different convictions to the public." He pointed out "the importance of developing labor systems within the stock exchange, especially as we have seen over the past years the existence of development and the introduction of systems that transferred the reality of the stock market to a better stage and has become a positive image to the  world." The Iraqi Stock Exchange signed in 2016 an electronic trading system agreement that included licensing the use of electronic trading system over the Internet for five companies. The project implementation plan includes setting up the electronic system and developing the tasks and services that will allow the investor to trade on shares of joint stock companies, bonds and any securities listed on the market via This system and the Internet as any investor traded in the market hall, in addition to the organization of all financial adjustments and equity in accordance with the procedures and instructions prevailing market.  Al-Bolani pointed out that "the Iraqi Stock Exchange is a major task in light of the directions aimed at promoting production in various sectors as well as the development of service sectors and this requires the presence of large joint stock companies will work to offer their shares in the Iraqi market for securities." The market issues a detailed bulletin about the trading session, which is five sessions per week, to trade the shares of 103 companies, including the percentage change, the number of shares traded and their rise and indicators of decline and rising shares to help the public to form an integrated picture of the reality of work.

[yota691]

Iraqi National Bank approves distribution of 20 billion dinars

Headquarters of the Iraqi National Bank

 

 

 

 01 August 2018 02:24 PM

CapitalBNOI-8.89%0.41-0.04

Mubasher: The Iraqi National Bank ( BNOI) ), listed on the Iraqi Stock Exchange ),distribution of cash dividends to shareholders in 2017.

The bank said in a statement to the stock exchange on Wednesday that the general meeting held on July 23 approved cash dividends of 8% of the bank's capital, equivalent to 20 billion dinars.

The capital of the Iraqi National Bank 250 billion dinars, distributed over 250 billion shares, the nominal value of dinars per share.

The bank's general assembly approved in June last year a cash dividend of 2% of the capital, equivalent to 5 billion dinars for 2016. 

The bank's annual profit fell by 87.4% to 2.97 billion dinars in 2017, compared with 23.54 billion dinars in 2016.

[Butifldrm]

• The stock market will launch early next month electronic query service

The Stock Market Will Launch Early Next Month Electronic Query Service

ECONOMYIRAQI ECONOMY

 Last updated 2018-08-05  95 0

 

Special - conscious

Iraq's stock market plans to launch the electronic query service early next month.

The executive director of the stock market, Taha Ahmed Abdul Salam, told the Iraqi News Agency (INA) on Sunday that "this service will include the sale and purchase of shares and to inform investors and brokerage companies operating in the market on all sales and purchase transactions and shares through this electronic window, More than 30 global exchanges "

Abdul Salam said that "the volume of daily trading of the stock market amounted to one billion shares in different sectors," noting that "the volume of exchange sometimes reaches about 16 billion shares in large transactions," noting that "the number of shares in the market is 11 trillion shares "

Indicating that "the number of companies operating in the market amounted to 103 companies and the number of intermediary companies 44 companies"

http://ina.iq/archives/53263

[yota691]

The Stock Exchange executed 2301 transactions last week with the participation of 44 companies

 

stock market

Market Economy News Baghdad During the past week, the stock exchange index recorded 2301 deals with 44 companies, with a volume of more than 6 billion shares. The Stock Exchange's executive director, Taha Ahmed Abdul Salam, said in a statement received by "Economy News" that "the stock market organized during the week ending the second of this month, five trading sessions in the regular market and five sessions in the second market and traded during the sessions last week, the shares of 44 companies were distributed (41) companies in the regular market and (3) companies in the second market, "noting that" did not trade during the sessions last week (37) companies and the number of companies suspended from trading (22), where the number of companies listed in the market (103) joint stock companies, of which (57) listed companies in the regular market and (46) companies listed in the market "The number of transactions executed last week amounted to (2301) transactions compared to (2719) deal for the week before," noting that "the number of shares traded last week amounted to (6,423) billion shares compared to (28,603) billion shares for the week before, (77.5%), while the value of shares traded last week (5,474) billion dinars compared to (9,543) billion dinars for the week before, also low by (42.6%). "The ISX 60 Index closed at (569.21) points last week, down by (2.16%) from the close of the week before when it closed at (581.80) points." On the indicators of the circulation of non-Iraqi investors in the market, Abdul Salam said that "the number of shares purchased from non-Iraqi investors last week reached (393) million shares and the value of (1,401) billion dinars through the implementation of (248) on the shares of (13) The number of shares sold by non-Iraqi investors last week (185) million shares valued at (607) million dinars through the implementation of (119) deal on the shares of (9) companies. Views 33   Date Added 08/06/2018

[yota691]

We have started the steps of global openness to strengthen the local stock market

12/8/2018 12:00 am  BAGHDAD / Hussein Tgb  sends the movement of shares in various global economies messages indicate the effectiveness of the economy and the levels of growth that gets in the overall productivity and service sectors, came the role of the Securities Commission to confirm that the Iraqi stock market in front of a new stage is opening up internationally, and so as to enhance the reality of the Iraqi Stock Exchange. Chairman of the Securities Commission d. "The stock market is an important pillar in all global economies, as there can be no further development of the development of these pillars," he said, noting that "the role of the Commission complies with the control of these shares, especially that the level of high control leads to more transparency In dealing, which strengthens investor confidence to enter the stock market. " Supervisory role                                      "The process of investors entering the market leads to the development of the stock market on the one hand and the creation of large returns for investors on the other hand, and thus become the Iraqi market is a local, regional and international attraction for these investments, and leads to the establishment of new joint stock companies, The supervisory role leads to enhanced investor confidence in the stock exchange. "  "Investment in the stock market means attracting new capital that will lead to new job creation and effective competition in a growing and promising economy," he said. "There are plenty of investment opportunities that are unexploited opportunities." Joint stock companies drew Saadi to "  He urged "the need to work to spread the culture of the stock market in Iraqi society and to show the benefit achieved, especially as the country is ahead of a broad movement of work in all sectors, where requires large population growth in Iraq projects parallel to this growth, so the future work is large and requires many joint stock companies In more than one sector. " And stressed the importance of investing the mass of cash in the houses in the stock market to be an active supporter in the process of sustainable development sought by Iraq in the coming period. He said: "The dissemination of investment culture requires the concerted efforts of several bodies, most notably the Securities Commission as a regulatory body stands at a distance from everyone to preserve the rights of all parties involved in the market, and this strengthens the local stock market, To invest in its shares and raise the value of its trades. "    A new law called Saadi "legislation of a new law regulating the work of the Authority , " adding , "We are still working Law No. 74 of 2004, passed by the civil administrator Bremer, and this law includes clauses that can be described defects need long time to explain."  He pointed out that "obstacles to the work of the Commission is the absence of a modern law commensurate with the global laws, so the Commission worked to prepare the law for them, was completed 85 percent of it, and in the latest discussions, where we reached advanced stages, and during the six months will be completed and sent to the House of Representatives, "This law allows the development of securities and adopts new regulations, the most important of which is corporate governance, which is the most important pillars to attract foreign investors or local, and therefore we are working on the issuance of special regulations that strengthen the financial market within the framework of the new law." He stressed "the activation of Iraq's participation in the Union of the Arab Securities Commission, as we began the steps to join the International Securities Commission Union, and during the coming period will be signing accession to this body, before the end of this year."

[ChuckFinley]

Thanks Yota, getting the international community in on it.  

[6ly410]

http://www.alsabaah.iq/ArticleShow.aspx?ID=161576

 

Baghdad / Hussein Thugb The movement of shares in different global economies signals the effectiveness of the economy and growth levels that occur in all sectors of production and service. The role of the Securities Commission to confirm that the Iraqi stock market to a new stage of international openness, and to enhance the reality of the Iraqi stock market. Chairman of the Securities Commission d. "The stock market is an important pillar in all global economies, as there can be no further development of the development of these pillars," he said, noting that "the role of the Commission complies with the control of these shares, especially that the level of high control leads to more transparency In dealing, which strengthens investor confidence to enter the stock market. "

 

Supervisory role "The process of investors entering the market leads to the development of the stock market on the one hand and the creation of large returns for investors on the other hand, and thus become the Iraqi market is a local, regional and international attraction for these investments, and leads to the establishment of new joint stock companies, The supervisory role leads to enhanced investor confidence in the stock exchange. " "Investment in the stock market means attracting new capital that will lead to new job creation and effective competition in a growing and promising economy," he said. "There are plenty of investment opportunities

 

contribution companies Al-Saadi pointed to "providing positive opportunities for citizens' savings by employing them in the stock market to achieve an acceptable financial return. These savings are collected in joint stock companies and become large amounts that are employed in large industries and are used to serve the national economy. "He said. He urged "the need to work to spread the culture of the stock market in Iraqi society and to show the benefit achieved, especially as the country is ahead of a broad movement of work in all sectors, where requires large population growth in Iraq projects parallel to this growth, so the future work is large and requires many joint stock companies In more than one sector. "

 

sustainable development He pointed to "the importance of investing cash mass in homes in the stock market to be an active supporter in the process of sustainable development sought by Iraq in the coming period." He said: "The dissemination of investment culture requires the concerted efforts of several bodies, most notably the Securities Commission as a regulatory body stands at a distance from everyone to preserve the rights of all parties involved in the market, and this strengthens the local stock market, To invest in its shares and raise the value of its trades. "

 

new law "We are still working under Law No. 74 of 2004, which was approved by the civil governor Bremer, and that this law contains paragraphs that can be described as defects that need a long time to explain." He pointed out that "obstacles to the work of the Commission is the absence of a modern law commensurate with the global laws, so the Commission worked to prepare the law for them, was completed 85 percent of it, and in the latest discussions, where we reached advanced stages, and during the six months will be completed and sent to the House of Representatives, "This law allows the development of securities work and is adopted

 

New systems, the most important of which is corporate governance, which represents the most important pillars to attract foreign investors or local, and therefore we are working on the issuance of special regulations that strengthen the financial market within the framework of the new law. He stressed "the activation of Iraq's participation in the Union of the Arab Securities Commission, as we began the steps to join the International Securities Commission Union, and during the coming period will be signing accession to this body, before the end of this year

 

 

 

 

 

Edited August 13, 2018 by 6ly410

[navira]

Bump

[6ly410]

champagne bro?

 

Lets go dinar

[navira]

Champagne time again bro, haha

[10 YEARS LATER]

“ INTERNATIONAL OPENNESS “ 

[6ly410]

sorry yota I didn't check if it was posted already...anyhow..good news

[yota691]

Invite young people to invest in the stock exchange

14/8/2018 5:33 am   BAGHDAD / Mustafa al-Hashemi  Most of the citizens do not know the mechanism of trading in the Iraqi market for securities because they do not have the financial and banking culture, where they keep cash in their homes without investing in the stock exchange, while citizens of regional countries trading e-cards easily allow them to trade remotely in the markets In contrast, a limited percentage of the public has been trading shares since the inception of the market in 2004, which has generated the necessary experience to know the right time to achieve profits through the sale or purchase of shares belonging to joint stock companies. Terms of Trading On the way to enter and trade in the stock market, said Madar al-Sarraf, a member of the Union of Brokers of securities in Iraq, "One of the conditions of trading in the stock exchange that the applicant to enter this area bank account in government banks or eligibility to register his account number in one of the brokerage companies that wish Dealing with them, which in turn deal with the Iraqi market for securities, and then choose the sectors that wish to invest in them such as banks or industry or telecommunications, services or insurance or hotels traded shares in the stock exchange.  "After that, the citizen is authorized by the brokerage company, under an agency, to dispose of his shares in the event that he wishes to sell or buy. Note that the brokerage companies do not take the decision to sell or buy on his behalf unless the approval of the shareholder because its role is limited to advice and advice. investing money Al-Sarraf called on young people to "save the money and invest it and invest it inside Iraq instead of spending it on foreign travel and tourism or buying modern mobile devices or buying what can be damaged quickly without the real benefit of the amounts spent in this way."  He pointed out that "traders in the Iraqi market for securities are senior citizens or traders at a high level, while we see a significant absence of young people in the market, and the entry of young people in this area will contribute to the activation of trading in the stock market certainly."  The group of intermediaries in the market consists of several brokerage companies approved in the Iraqi market for securities, the number of 45 companies, as is in the Iraqi market for securities to put the shares of civil companies (the contribution) to the public to trade shares and buy and buy for profits through the activity of companies Which is reflected in determining the price of the stock up or down. "The stock market is seeking success in Iraq by giving individuals the opportunity to become owners of Iraqi companies and enable them to share their ambitions and provide real support for our national economy," Taha Ahmed Abdul Salam, the executive director of the market, said in a media briefing earlier. "The acquisition of shares and the development of strong capital markets are an important part of the process of economic development."  There are foreign investors who have never entered Iraq and are investing in all the companies listed on the stock market via the Internet and conduct their deals easily, sometimes accounting for 50 percent of the total number of traders. What is the arrow "The purchase of shares in a company makes the holder a partial owner of that company, which allows him to vote in shareholders meetings and allows him to get a share of any profits allocated by the company to the owners, which is known as dividends distributed shares, and can buy or sell shares In the stock market and it has the potential to achieve relatively high returns, but it may also be subject to loss of value.  He said that "the investor has the right to own any number of shares in a way that does not contradict the laws of the banks and the law of financial markets," noting that "the brokerage companies take the process of selling and buying shares after being authorized by the owner of shares, and can be held by the shareholders as much What he wants from time because once the purchase, the shares become a private property of its owner. "It is important to bear in mind that stocks are often more valuable in the long run than other forms of investment. It is also important to keep in mind that the value of stocks is likely to fall as they are likely to rise," he stressed.  The Iraqi Stock Exchange was established in 2004 and is an economic institution responsible for organizing and controlling the buying and selling of shares of registered companies for investors carried out by brokerage companies accredited by the market using modern electronic systems. The market also holds 5 sessions a week at a rate of two hours per day.