92 billion shares were traded during the month of August

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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.