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The stock market starts its week with losses


yota691
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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. "
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  • yota691 changed the title to Disclosure of joint stock companies listed in the Iraqi market

Disclosure of joint stock companies listed in the Iraqi market

Taha Ahmed Abdel Salam 
 
By July 2019, 67 joint stock companies listed on the Iraqi Stock Exchange completed their final statements and accounts as at 31 December 2018, confirming their compliance with the listing and disclosure standards.
While the follow-up of other companies that are lagging in the submission of data and holding meetings of its public bodies (36) joint stock companies (14) companies in the disclosure of more than a year ago, (5) of the banking sector, three banks under trusteeship, Of mixed industrial sector, one financial investment company, and (2) mixed service sector.
 
 
The Iraqi and foreign investors follow the indicators of the shareholding companies and follow up the implementation of the decisions of their general bodies and the profit division distributed from the distributable surplus and the realized profits, which until this report represented the following:
 
First: Banking Sector.
The number of companies listed in this sector (39) joint-stock companies, 27 companies committed to provide data and accounts As in 31/12/2018, (22) companies achieved a surplus distributable, the General Assembly approved in (4) profit distribution companies To shareholders. 
 
Second: Industrial Sector.
The number of companies listed in this sector (21) joint-stock companies, committed (9) companies to provide data and accounts as of 31/12/2018, has achieved (8) surplus companies can be distributed, the General Assembly approved the (2) profit distribution company To shareholders. 
 
Third: The telecommunications sector.
The number of companies listed in this sector is 2 companies. These companies have committed to provide data and accounts as at 31/12/2018, both of which have become a distributable surplus. The General Assembly approved the distribution of the dividend to the shareholders. 
 
Fourth: Financial Investment Sector.
The total number of companies listed in this sector is 6 companies, 4 companies have committed to provide data and accounts. As of 31/12/2018, one company has achieved a distributable surplus. The company's general assembly did not approve the distribution of the dividend to the shareholders. 
 
Fifth: Insurance sector.
The number of companies listed in this sector (5) joint stock companies, committed (4) companies to provide data and accounts as of 31/12/2018, has achieved (3) surplus companies are available for distribution, the General Assembly did not approve any distribution company dividend to shareholders . 
 
Sixth: the financial transfer sector. 
The number of companies listed in this sector (5) joint stock companies, committed (4) companies in the provision of data and accounts as at 31/12/2018, has achieved (2) surplus companies can be distributed, no company held its General Assembly. 
 
Seventh: Services Sector. 
The number of companies listed in this sector (9) joint stock companies, committed (6) companies to provide data and accounts as of 31/12/2018, achieved (5) surplus companies are available for distribution, the General Assembly approved the (2) profit distribution company To shareholders. 
 
Eighth: The tourism and hotel sector. 
The number of companies listed in this sector (10) joint stock companies, committed (6) companies to provide data and accounts as at 31/12/2018, has achieved (3) surplus companies are available for distribution, did not hold any company its public body.
 
 Ninth: The agricultural sector. 
The number of companies listed in this sector (6) joint stock companies, committed (5) companies to provide data and accounts as in 31/12/2018, has achieved (4) surplus companies are available for distribution, the General Assembly approved in one company only distribution of the dividend on Shareholders. 
The directory of the listed companies listed in the Iraqi Stock Exchange shows the financial position of the companies that are committed to submitting the annual disclosure based on the financial indicators that are committed to publishing them in their statements and accounts and the latest as in 31/12/2018, in addition to the financial ratio that explains the nature of the financial position and development from year to year . 
In this regard, the shareholder is keen to follow up these indicators and the plans of the Board of Directors of the company to review his portfolio of securities resort to: 
1 - Not to move his investment portfolio, which is a sign of large investors and shareholders whose portfolios are the largest proportion and have no direct impact on trading securities except in cases of trading in large transactions are often occur in a spaced.
2 - Change the investment portfolio by small and medium-sized investors based on financial indicators and distributed profit and future expectations and plans of the Board of Directors. It rises with the improvement of financial position and decreases in other cases. Trading through this methodology is the real indicator of the movement of traded market prices. 
The Iraqi Stock Exchange and the Securities Commission follow the disclosure of companies and the implementation of decisions of public bodies and the commitment of companies in the exercise of its activity as the most important indicator to attract or disable the desire of shareholders and investors in the investment and trading shares of joint stock companies. 
 Companies that are late in submitting their annual disclosures for more than six months are highly monitored, and we continue to recommend 
- Accounting companies departments that lag in providing disclosure or those that do not address the observations and reservations of the auditors of the procedures and legal mechanisms 
- Not to resort to suspension of trading on the shares of these companies because the biggest victim will be the shareholders of companies. 
- The need to adopt the principles of governance and amend the relevant instructions by giving the right to shareholders as affected by the failure to disclose the prosecution of the departments of those companies. 
The size of the market depends on the size and number of listed companies. An economy such as the Iraqi economy does not represent 100 or more companies. It is necessary to study the mechanisms to encourage the establishment of joint stock companies representing the Iraqi economy and not to grant projects that contract with the Iraqi economy, In the Iraqi Stock Exchange. 
 
* Executive Director of the Iraqi Stock Exchange
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 Market


Economy News _ Baghdad

The bourse announced on Monday that it would suspend its activity for five days on the occasion of Eid al-Adha.

"Due to Eid al-Adha, the stock exchange decided not to organize trading sessions for the days from August 11 to August 15 for the holiday of Eid al-Adha," the stock exchange said in a statement.

The statement added that "the first trading session in the Iraqi market for securities will be after Eid al-Adha and from Sunday, 18/8/2019."


Views 33   Date Added 08/05/2019

 
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  • yota691 changed the title to The stock exchange stopped its activity for five days

Monitoring the leaves of Arab stock exchanges in Eid al-Adha

Monitoring the leaves of Arab stock exchanges in Eid al-Adha
A trader follows Saudi stock prices
 08 August 2019 12:14 PM

From: Mahmoud Jamal

Mubasher: As of next Sunday, a holiday will be held in the Arab markets; on the occasion of Eid al-Adha.

The dates of the Eid holiday and the date of resumption of work are as follows:

ClientServiceProvider?RT=62&FILEID=2101521015846_AR_1565256048_222333.png

According to official data, the stock exchanges in Morocco and Jordan will return to work on Thursday. The Saudi market will resume trading on Sunday, August 18.

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  • yota691 changed the title to The document .. Securities Commission denies license brokerage and investment company to work outside Iraq

In figures .. Indicators of the Iraq Stock Exchange trading on Thursday

Economy | 03:33 - 29/08/2019

 
image
 
 

BAGHDAD - Mawazine News 
The number of shares traded in the Iraqi market for securities on Thursday, (435,625,230) shares, while listed companies 103 companies, and companies traded 26 companies. 
The value of shares (254,557,039) dinars, and closed the price index ISX 60 in today's session at (473.21) points, down (0.34%) from its closing in the previous meeting of (474.83) points. 
The shares of (26) companies out of (103) companies listed on the market, and the number of companies stopped by a decision of the Securities Commission for non-compliance with the instructions of financial disclosure (35) companies. 
The number of shares purchased from non-Iraqi investors (21.900) million shares worth (18.034) million dinars through the implementation of (10) deals on shares (3) companies.
The number of shares purchased from non-Iraqi investors in the second market amounted to (20) million shares valued at (51.990) million dinars through the implementation of (20) deal on the shares of (1) companies. 
The number of shares sold by non-Iraqi investors in the regular market (18) million shares valued at (9.175) million dinars through the implementation of (12) deal on the shares of (1) companies. 
The number of shares sold by non-Iraqi investors in the second market reached (19) million shares valued at (49.400) million dinars through the implementation of (19) deal on shares of one company.

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Arab Monetary Fund launches a special index for the Iraqi market for securities

Arab Monetary Fund launches a special index for the Iraqi market for securities
Iraq Stock Exchange
 03 Sep 2019 02:02 PM

Direct: The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database with the Fund, as of the beginning of September 2019.

The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the database of the Fund rose to 17 markets with the accession of the Iraqi market.

The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, and two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.

The total market value of the market at the end of 2018 was about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, thus being ranked 13th among the Arab financial markets in the market value.

The Fund said that it has started to calculate a special index for the Iraqi market for securities, based on the data as at 31 July 2019 as a base period .

The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total market value as at the end of 2018 .

It is noteworthy that the Arab Monetary Fund calculates, in addition to indicators for the financial markets that join its database, a general composite index, which measures the performance of the Arab financial markets combined, including the Iraqi market for securities as of September 1, 2019.

https://www.mubasher.info/news/3525891/صندوق-النقد-العربي-يطلق-مؤشر-خاص-بسوق-العراق-للأوراق-المالية

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  • yota691 changed the title to Arab Monetary Fund launches a special index for the Iraqi market for securities
8 hours ago, 6ly410 said:

 

Arab Monetary Fund launches a special index for the Iraqi market for securities

Arab Monetary Fund launches a special index for the Iraqi market for securities
Iraq Stock Exchange
 03 Sep 2019 02:02 PM

Direct: The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database with the Fund, as of the beginning of September 2019.

The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the database of the Fund rose to 17 markets with the accession of the Iraqi market.

The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, and two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.

The total market value of the market at the end of 2018 was about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, thus being ranked 13th among the Arab financial markets in the market value.

The Fund said that it has started to calculate a special index for the Iraqi market for securities, based on the data as at 31 July 2019 as a base period .

The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total market value as at the end of 2018 .

It is noteworthy that the Arab Monetary Fund calculates, in addition to indicators for the financial markets that join its database, a general composite index, which measures the performance of the Arab financial markets combined, including the Iraqi market for securities as of September 1, 2019.

https://www.mubasher.info/news/3525891/صندوق-النقد-العربي-يطلق-مؤشر-خاص-بسوق-العراق-للأوراق-المالية

What r we waiting for right now??? Yeeehaaaaaa

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  • yota691 changed the title to “Securities” honor the first companies by submitting their final accounts

“Securities” honor the first companies by submitting their final accounts

 
Baghdad / Hussein Thaghab 
 
Under the patronage of the Prime Minister, the Jordan Securities Commission (JSC) organized its annual workshop to honor the leading companies in submitting their final accounts for 2018 under the slogan 'Early Disclosure Encourages Investment'. 
The workshop was inaugurated by the Chairman of the Securities Commission, Dr. Alaa Al-Saadi. In all fields, including the economic field of course, which will reflect positively on the economic development of society and people. "
He added that this sponsorship contributes to encourage sound financial practices, including encouraging companies to disclose early on their financial reports, which lead to establishing a sound basis in the dissemination of information in a timely manner in order for investors to make investment decisions based on that information and properly to strengthen financial markets. And raise their efficiency. "
 
One team 
Al-Saadi continued: "Our body worked during the past year on the task of one team on several key axes, which will promote the culture of indirect investment in the securities sector, the most important of which is the activation of Iraq's membership in the Federation of Arab Securities Commissions after it was frozen for several years."
He pointed to "the completion of Iraq's accession to the Organization of International Securities Commissions IOSCO as an associate member, and we are currently working to convert this capacity to the status of a member, as well as the signing of memorandums of understanding with the corresponding bodies in the Hashemite Kingdom of Jordan and the Republic of Iran
Islamic. "
"Further memoranda will be signed in the near future with the corresponding bodies in Qatar and Saudi Arabia, as well as the completion of the draft law of the Securities Commission, in cooperation with the State Council, after all conflicts with other laws have been removed," he said.
 
Performance indicators 
The representative of Prime Minister Abdul Karim al-Faisal said: "The Iraqi Stock Exchange is the most important in the economy, as it reflects the performance indicators within the local labor market and indicators of prosperity and recession, and has a major role in building capital contribute to development."
He pointed out that "the market contributes to attracting individuals to save in stocks, as it seeks to build a safe investment environment that helps in competition through the availability of information on joint-stock companies," pointing out that "the market is a wider window for indirect investment, and whenever the mechanisms work sound Investors are going to the market, and transparent performance gives the market the freedom to buy stocks. "
 
Trading Tools 
The Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam confirmed that "the market is interested in joint stock companies, as they represent trading tools," explaining that "this event is organized annually to introduce companies that have been disclosed early," pointing out that "early disclosure contributes to the audit of data and preserves the rights Shareholders. "
 
Promote competition 
Bank of Iraq director Bashar Shaker, one of the companies that disclosed early on, said: "This approach can be described as positive as it promotes competition between mixed sector companies, which in turn leads to the promotion of investment in shares of companies that disclose their final accounts and build confidence between the two poles of the process. Competitors and investor in stocks. "
He pointed out that "this step enhances the capabilities of the Iraqi stock market, and here prefer to follow all the companies to contribute towards such a direction to move the local market to a better stage."
 
Strengthen confidence 
Abbas Jameel, Chairman of the Board of Directors of Khazir Road, pointed out that "the Authority has worked well when it took the initiative to honor the first ten companies that disclosed their final statements." It leads to enhancing trust between the citizen and the company and adding real value to the company's shares within the trading market and this enhances its financial position.
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  • yota691 changed the title to Iraq market announces indices for the past 8 months

Iraq market announces indices for the past 8 months

 
Baghdad / Hussein Thaghb 
 


The Iraqi market for securities disclosed the trading indicators for the last eight months of this year, which reached the number of shares traded, including (326) billion shares, with a total value of (207) billion dinars, and the market is oriented towards cooperation with the Central Bank of Iraq to diversify financial instruments as new issuable tradable .

 


The Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam said: "The issuance of indicators periodically is very important, in order to continuously define the importance of the market as a source of investment and financing for existing projects, and mixed Iraqi and private shareholding companies, as well as the source of investment, to encourage the establishment of companies A new contribution in the various sectors of the economy and a source of contribution to the GDP. " 

 
Activities achieved
Abdul Salam added, `` In order to encourage shareholding companies to communicate with their shareholders and publicize their activities, we periodically follow the activities of the Iraq Stock Exchange, including the activities achieved during the last eight months of 2019, which included the organization of (159) trading session at the rate of five sessions per week, as The number of companies listed and registered in the market (103) Iraqi private and mixed joint stock companies, pointing out that the number of shares traded amounted to (326) billion shares valued at (207) billion dinars, in addition to the number of contracts executed (53774) contracts.
 
Corporate Governance
As for the other market activities between Abdul Salam "in accordance with the objectives set by Law No. 74 of 2004 achieved for the past months of 2019 in addition to the trading indicators were held workshops on the importance of corporate governance of joint stock companies and the requirements of the implementation of anti-money laundering rules in cooperation with specialized institutions, and acceptance The circulation of government bonds issued by the Central Bank of Iraq for the first time in the history of the market, as well as cooperation with NASDAQ Technology Trading and Central Depository in the implementation of the requirements of activity for the next five years and agreement on the development of data system in the two systems during 2020. Arab and European Finance.
The Iraqi society is following the activities of the Iraqi Stock Exchange, but is reluctant to engage in investments, transactions and market activities that have extended since 2004 to the present time. 
 
Follow-up disclosure
"The activities of the market included the follow-up disclosure of shareholding companies and published on the market website to inform investors and shareholders, which is one of the most important ingredients to attract new investors and meet the requirements of shareholders in the follow-up of the results of their investments in securities," pointing out that "out of (103) joint-stock companies Listed and registered in the Iraq Stock Exchange (71) companies committed to provide the annual disclosure for 2018, and (32) companies are still not committed to provide the disclosure and has been suspended from trading on its shares by the Securities Commission as of August 2019.``
 
Encourage trading
He pointed out that "the publication and follow-up of the implementation of the decisions of the public bodies of joint stock companies, the most important of which is the distribution of the dividend dividend to shareholders, which is one of the most important factors to attract and encourage trading in securities in all financial markets. The Companies Guide was published on 31/12/2018 to disclose the financial position of the joint stock companies as part of the disclosure requirements, cooperate with Arab, Asian and European stock exchanges and financial markets within the unions, and meet the EU-ASE standards in the areas of performance evaluation and disclosure.
On the next plans 2019 Abdul Salam said: "The Iraqi Stock Exchange continues to implement its plans during the remaining months of 2019, which includes the organization of trading sessions at a rate of five sessions per week from Sunday to Thursday, and the implementation of transfers of ownership from the seller to the buyer for all contracts that Clearing operations will be carried out by transferring funds from the buyer to the seller at the clearing bank, as well as cooperating with the Central Bank of Iraq and the Securities Commission in accepting the listing of new joint stock companies that meet the conditions and instructions of listing, to enable shareholders to deal their shares transparently according to Formal trading mechanisms in the presence of undeclared prices through electronic systems "
Abdul Salam continued that "the market is moving towards cooperation with the Central Bank of Iraq to diversify financial instruments as new issuable negotiable, and continue to spread the culture of investment securities through the Iraqi and Arab media and through the website of the Iraqi Stock Exchange www.isx-iq.net and through the market site As well as continuing to train college students in Iraqi universities at the market headquarters, and working in cooperation with the capital market institutions in Iraq to organize a conference in December 2019 on the performance indicators of joint stock companies according to For its financial statements and mechanisms to attract investment, and discuss ways to develop the performance of Iraqi joint-stock companies and the definition of their activities, and follow-up companies to provide the annual disclosure required.
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  • yota691 changed the title to Union Bank of Iraq achieves profits during the first half of this year
 
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Part of the meeting of the General Assembly of the Union Bank
  

 Banks


Economy News - Baghdad:

Union Bank of Iraq achieved a profit of 760 million dinars during the first half of this year.

The financial budget of the bank, published by the Iraq Stock Exchange, showed the growth of Union Bank profits during the first half of this year to 760 million dinars after it achieved losses during the same period last year.

The money in the fund and the bank amounted to more than 62.3 billion dinars.


Views: 50   Date Added: 15/09/2019

 
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  • yota691 changed the title to A proposal for companies to buy back their shares
 
17139.jpg
 
  

 Market


Economy News _ Baghdad

In order to strengthen the functions of the stock market and enhance investor confidence, the Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam, to start joint stock companies to buy a proportion of their shares to promote the status of those shares in daily trading.

Abdul Salam said in an interview with "Al-Sabah" newspaper and seen by "Al-Iqtisad News", that "companies in the Arab and international financial markets resort from time to time to study their potential and investment plans and measure the value of their real shares to the value of market shares in the stock market, and in light of this take Its decisions to buy back a percentage of its shares to buy back to achieve a number of goals. "

He pointed out that "the objectives of companies to buy a proportion of their shares on the stock market is to seek to enhance the earnings per share (dividend divided by the shareholders), because of the absence of growth opportunities and investment in the company and the lack of opportunities to exploit the accumulated surplus, as well as when the company finds The market value of a stock is less than its real value. "

He stressed that "during the period 2010 - 2016 US companies resorted to buy back a proportion of its shares from the stock market amounted to (3) trillion dollars," adding that "in the first quarter of 2017 the value of shares that were bought back from the financial markets (133 $ 1 billion to boost earnings per share, enhance market value and capitalize on its accumulated surplus. '

Regarding the need to approve the share buyback proposal and the reasons for this, Abdul Salam said: 'From reading the data of joint stock companies and trading indicators during the period 2015-2019 shows the importance of the proposal of companies to buy back a percentage of their shares, which can be summarized by the decline in the prices of shares traded for joint stock companies. At a mixed rate of more than 50 percent during the period, due to the absence of growth opportunities and investment in them, and the decline in earnings per share due to the rise of capital for a significant number of companies and the inability to make profits in other companies.

"This proposal is one of the mechanisms of the international and Arab stock markets in order to enhance the value of the stock," he said. The general assembly of the joint stock company shall approve the repurchase when discussing the final statements and accounts of the company, as well as specifying the period of retention of the shares purchased by the company and often does not exceed six months, and the shares purchased should not exceed 10% of the company's capital. It is important to note that the shares that the company is buying back do not have the right to vote at the general assembly meeting and have no right to receive the profits until they are resold in the stock market after achieving the objective of buying them.


Views: 81   Date Added: 18/09/2019

 
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  • yota691 changed the title to The Iraqi Stock Exchange officially regulates the Arab Monetary Fund

The Iraqi Stock Exchange officially regulates the Arab Monetary Fund

By AhadNA3 29/09/2019 09:14 AM | Number Of Hits: 1765

 
The Iraqi Stock Exchange officially regulates the Arab Monetary Fund

 


Ahd News - Baghdad

The Arab Monetary Fund (IMF) included the indexes of the Iraqi Stock Exchange to its data from September this year.

The Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam in a press release received "Al-Ahd News" a copy, that "as a result of joint cooperation between the Iraqi Stock Exchange and the Securities Commission with the Arab Monetary Fund, has been completed the experimental stages of work in the download of data and indicators Trading for the Iraqi market during the month of August successfully by the Department of Electronic Systems.

As of the beginning of September, trading data within the Arab Monetary Fund's database became among the 17 financial markets registered in the Fund, and the price index has become within the Fund's composite index for Arab capital markets, for the first time in the history of Iraqi financial markets.

He pointed out that "the number of companies listed on the Iraqi market for securities 102 joint-stock companies constitute the sectors of banking, insurance, remittance, investment, industry, agriculture, communications, hotels, and the total capital of these companies 12130 billion shares."

"This achievement is a positive step towards enhancing the confidence of investors in the Iraqi market and achieving the objectives of disclosure and transparency in accordance with international best practices," Abdul Salam said. Finished 2

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5 hours ago, yota691 said:

The Iraqi Stock Exchange officially regulates the Arab Monetary Fund

By AhadNA3 29/09/2019 09:14 AM | Number Of Hits: 1765

 
The Iraqi Stock Exchange officially regulates the Arab Monetary Fund

 


Ahd News - Baghdad

The Arab Monetary Fund (IMF) included the indexes of the Iraqi Stock Exchange to its data from September this year.

The Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam in a press release received "Al-Ahd News" a copy, that "as a result of joint cooperation between the Iraqi Stock Exchange and the Securities Commission with the Arab Monetary Fund, has been completed the experimental stages of work in the download of data and indicators Trading for the Iraqi market during the month of August successfully by the Department of Electronic Systems.

As of the beginning of September, trading data within the Arab Monetary Fund's database became among the 17 financial markets registered in the Fund, and the price index has become within the Fund's composite index for Arab capital markets, for the first time in the history of Iraqi financial markets.

He pointed out that "the number of companies listed on the Iraqi market for securities 102 joint-stock companies constitute the sectors of banking, insurance, remittance, investment, industry, agriculture, communications, hotels, and the total capital of these companies 12130 billion shares."

"This achievement is a positive step towards enhancing the confidence of investors in the Iraqi market and achieving the objectives of disclosure and transparency in accordance with international best practices," Abdul Salam said. Finished 2

:twothumbs:

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  • yota691 changed the title to Stock market trades exceed 6 billion shares

Stock market trades exceed 6 billion shares

Tuesday 01 October 2019 127

Stock market trades exceed 6 billion shares

 
Baghdad / morning 
 


 The monthly report of the Iraqi market for securities on the trading (6,486,313,938) shares with a total value of (7,522,220,419) dinars.

The Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam said that "the Iraqi Stock Exchange organized (21) trading session during the month of September 2019, and the number of shares of listed companies (12,130,457,479,915) shares, and the number of shares deposited by the shareholders (9,232,225,316,876) shares," He pointed out that "the number of companies traded shares by investors (52) companies, as the price index of shares traded in the first meeting of the month at (471.310) points and closed in the last session of the month at (475.48) points."
 
Disclosure and Transparency
He added that "the Iraqi Stock Exchange completed the requirements for the publication and dissemination of trading data for shares traded within the database of the Arab Monetary Fund as of the first of the month of September 2019 along with 17 Arab stock markets and thus have fulfilled the requirements of disclosure and transparency and to enhance the confidence of Iraqi and foreign investors with indicators Trading securities buying and selling on the shares of Iraqi joint stock companies.
 
Listing of shares
Abdul Salam pointed out that "the Securities Commission approved the decision of the Board of Governors to cancel the listing of shares of Al-Noor for financial transfer based on the instructions of the Securities Commission No. (3) to stop trading and write-off companies in the stock market Article (7 / d), for the issuance of the Department Registration of companies on the completion of the legal procedures necessary for the merger of Al-Harith Financial Transfer Company (not listed on the market) with Al-Nour Financial Transfer Company (listed on the market) and changing the name and activity of the resulting company to (First Capital Bank for Islamic Investment and Finance).
 
Amendment Code
He explained, "Last September, a number of decree laws were issued, the most important of which is the law amending the Companies Law No. 21 of 1997. Among its articles are article (2) of the amendment law, which abolished article (12) of the law and was replaced by article (12): the natural or legal person. An Iraqi shall have the right to become a member of the companies stipulated in this law as a founder, shareholder or partner, unless he or she is prohibited from his or her membership in the companies by virtue of the law or a decision issued by a court or a competent government authority. Acquiring membership as a founder or shareholder in joint stock companies limited to The proportion of the Iraqi contribution is not less than (51%) Fifty-one percent of the top of the 
Her money. "
 
Agencies and Delegations
The Iraqi Stock Exchange also issued his book No. 1703 on 25/9/2019 this content to the brokerage companies to work under it upon receipt of orders to buy shares of joint stock companies listed on the Iraq Stock Exchange from the foreign investor natural or moral, Article (5) of the amendment law that Repealed Article (91) of the law and replaced it, 
Article (91): First: The member shall have the power of attorney of a certified agency to attend, discuss and vote in the meetings of the General Assembly. He may also delegate other members for this purpose. 
Article (91): Second: The Securities Commission shall determine the controls of the form and contents of the title deed and how it is prepared and responsible for its health. 
(91) / Third: Agencies and deputies shall be deposited with the Securities Commission at least three days before the date set for the meeting. The Commission shall scrutinize it for its validity. The Agency and the delegation shall remain in force for any second meeting to which the first meeting shall be postponed.
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1 hour ago, yota691 said:

Stock market trades exceed 6 billion shares

Tuesday 01 October 2019 127

Stock market trades exceed 6 billion shares

 
Baghdad / morning 
 


 The monthly report of the Iraqi market for securities on the trading (6,486,313,938) shares with a total value of (7,522,220,419) dinars.

The Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam said that "the Iraqi Stock Exchange organized (21) trading session during the month of September 2019, and the number of shares of listed companies (12,130,457,479,915) shares, and the number of shares deposited by the shareholders (9,232,225,316,876) shares," He pointed out that "the number of companies traded shares by investors (52) companies, as the price index of shares traded in the first meeting of the month at (471.310) points and closed in the last session of the month at (475.48) points."
 
Disclosure and Transparency
He added that "the Iraqi Stock Exchange completed the requirements for the publication and dissemination of trading data for shares traded within the database of the Arab Monetary Fund as of the first of the month of September 2019 along with 17 Arab stock markets and thus have fulfilled the requirements of disclosure and transparency and to enhance the confidence of Iraqi and foreign investors with indicators Trading securities buying and selling on the shares of Iraqi joint stock companies.
 
Listing of shares
Abdul Salam pointed out that "the Securities Commission approved the decision of the Board of Governors to cancel the listing of shares of Al-Noor for financial transfer based on the instructions of the Securities Commission No. (3) to stop trading and write-off companies in the stock market Article (7 / d), for the issuance of the Department Registration of companies on the completion of the legal procedures necessary for the merger of Al-Harith Financial Transfer Company (not listed on the market) with Al-Nour Financial Transfer Company (listed on the market) and changing the name and activity of the resulting company to (First Capital Bank for Islamic Investment and Finance).
 
Amendment Code
He explained, "Last September, a number of decree laws were issued, the most important of which is the law amending the Companies Law No. 21 of 1997. Among its articles are article (2) of the amendment law, which abolished article (12) of the law and was replaced by article (12): the natural or legal person. An Iraqi shall have the right to become a member of the companies stipulated in this law as a founder, shareholder or partner, unless he or she is prohibited from his or her membership in the companies by virtue of the law or a decision issued by a court or a competent government authority. Acquiring membership as a founder or shareholder in joint stock companies limited to The proportion of the Iraqi contribution is not less than (51%) Fifty-one percent of the top of the 
Her money. "
 
Agencies and Delegations
The Iraqi Stock Exchange also issued his book No. 1703 on 25/9/2019 this content to the brokerage companies to work under it upon receipt of orders to buy shares of joint stock companies listed on the Iraq Stock Exchange from the foreign investor natural or moral, Article (5) of the amendment law that Repealed Article (91) of the law and replaced it, 
Article (91): First: The member shall have the power of attorney of a certified agency to attend, discuss and vote in the meetings of the General Assembly. He may also delegate other members for this purpose. 
Article (91): Second: The Securities Commission shall determine the controls of the form and contents of the title deed and how it is prepared and responsible for its health. 
(91) / Third: Agencies and deputies shall be deposited with the Securities Commission at least three days before the date set for the meeting. The Commission shall scrutinize it for its validity. The Agency and the delegation shall remain in force for any second meeting to which the first meeting shall be postponed.

6,486,313,938 shares with a total value of 7,522,220,419 dinars.

 

Very good news if true.

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