The Iraqi Stock Exchange will stop for nine days

[yota691]

The Iraqi Stock Exchange is trading 930 billion shares during the year 2021

 

Iraq Stock Exchange

Market Economy News - Baghdad Today, Sunday, the Iraqi Stock Exchange announced the circulation of 930 billion shares, with a financial value of 812 billion Iraqi dinars, during the year 2021 . The market said in a report, that "the number of trading sessions that were organized during the year 2021 amounted to 226 sessions," noting that "the companies whose shares were traded during this period amounted to 80 companies out of 105 companies listed on the market ." He added that "the number of shares traded during 2021 amounted to 930 billion shares, an increase of 131 percent compared to last year, with a financial value of 812 billion dinars, an increase of 146 percent over last year, through the implementation of 114 thousand and 467 deals," noting that "the traded price index ISX60 closed at 569 points in the last session of 2021. ” He pointed out that "the most traded companies during the year 2021 were the banking sector, with a rate of 95.9%, followed by the industrial sector, with a rate of 2.7%, and then the services sector, with a rate of 0.54%, followed by the communications sector, with a rate of 0.4%, and then the investment sector by 0.25%, and then The agricultural sector by 0.1%, followed by the hotel sector by 0.05%, and then the insurance sector by 0.02 %.

Views 591   Date Added 01/09/2022

[yota691]

The annual report of the Iraq Stock Exchange for the year 2021

 

 January 09 2022 10:44 AM

http://www.isx-iq.net/isxportal/portal/storyDetails.html?type=2&storyId=11653

[yota691]

 

Association: The banking sector accounted for 95% of the trading volume in the Iraqi Stock Exchange

 

 2022-01-11 03:31

 

Shafaq News/ The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, announced on Tuesday that the improvement in the performance of the Iraqi Stock Exchange during the past year is due to the banking sector, which accounted for 95% of the trading percentage.

And the Iraq Stock Exchange had announced an increase in traded shares by 131% during the year 2021 compared to the year 2020.

Tariq said, in a statement today, that 95% of the trading volume in the stock market is due to the banking sector, as the number of traded shares reached 930 billion shares, with a value of 812 billion dinars, noting that compared to the year 2020, the growth rate of the number of traded shares for the banking sector reached 142.3%, as it was 368.4 billion shares in the year 2020, while 892.8 billion dinars in the year 2021.

The Executive Director of the Association of Banks added that the value of traded shares increased by 244%, as in the year 2020 it was more than 193.6 billion dinars, while last year it amounted to 666.5 billion dinars, explaining that the number of deals rose to 40,856 deals last year, while it was 18,792 deals in year 2020.

Tariq noted that the policy of the Central Bank contributed significantly to the improvement and development of the performance of the banking sector during the past year, which contributed to the rise in the shares of some banks.

He stressed that the National Bank of Iraq's acquisition of the branches of the Lebanese Bank of Audi in Iraq is one of the most important positive events that affected the market share, in addition to the merger of the First Capital Bank and the International Islamic Bank and the expansion of some Iraqi private banks abroad through the opening of branches.

He pointed out that in the year 2020, four listed banks increased the capital, namely Al-Taif Islamic, Asia Iraq, the Chancellor and the Secretary of Iraq, while four listed banks distributed profits, namely the Commercial Bank, the National Bank of Iraq, Al-Mansour and Al-Taif.

He also called on the banking sector to continue paying attention to the value of banks' shares through periodic disclosure of data and the distribution of profits to shareholders.

[yota691]

Association of Private Banks: The banking sector accounted for 95% of the trading volume on the stock exchange

 

Executive Director of the Association of Iraqi Private Banks, Ali Tariq. "Economy News"

Expenditures Economy News - Baghdad The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, announced that the improvement in the performance of the Iraqi Stock Exchange during the past year is due to the banking sector, which accounted for 95% of the trading percentage. And the Iraq Stock Exchange had announced an increase in traded shares by 131% during the year 2021 compared to the year 2020. Tariq said, that 95% of the trading volume in the stock market is due to the banking sector, as the number of traded shares reached 930 billion shares, with a value of 812 billion dinars, noting that compared to the year 2020, the growth rate of the number of traded shares for the banking sector amounted to 142.3%, as it was 368.4 billion shares in 2020, while 892.8 billion dinars in 2021. The Executive Director of the Association of Banks added that the value of traded shares increased by 244%, as in the year 2020 it was more than 193.6 billion dinars, while last year it amounted to 666.5 billion dinars, explaining that the number of deals rose to 40,856 deals last year, while it was 18,792 deals in year 2020. Tariq noted that the policy of the Central Bank contributed significantly to the improvement and development of the performance of the banking sector during the past year, which contributed to the rise in the shares of some banks. He stressed that the National Bank of Iraq's acquisition of the branches of the Lebanese Bank of Audi in Iraq is one of the most important positive events that affected the market share, in addition to the merger of the First Capital Bank and the International Islamic Bank and the expansion of some Iraqi private banks abroad through the opening of branches. He pointed out that in the year 2020, four listed banks increased the capital, namely Al-Taif Al-Islami, Asia Iraq, the Advisor and the Secretary of Iraq, while four listed banks distributed profits, namely the Commercial Bank, the National Bank of Iraq, Al-Mansour and Al-Taif. He also called on the banking sector to continue paying attention to the value of banks' shares through periodic disclosure of data and the distribution of profits to shareholders.

Views 554   Date Added 01/11/2022

[yota691]

Banks completely own the Iraqi stock market

• Time: 02/11/2022 15:28:45
•  
• Reading: 572 times

  

{Economic: Al Furat News} The banking sector accounted for the entirety of the transactions in the Iraqi stock market, with a rate of 96% of the total transactions that took place in the past year 2021.

And 4 banks accounted for 67% of the total circulation, which are: 
1- Kurdistan Bank with a circulation rate of 34% of the total trading
2- Middle East Bank Iraq with a circulation rate of 17%
3- World Islamic Bank with a circulation rate of 9%
4- Bank of Baghdad with a circulation rate of 17% Trading amounted to 7%
, and the total traded shares reached 930 billion shares, representing 7% of the number of listed shares, which amounted to 13.7 trillion shares 
. As for the level of trading value, the total trading value in the market amounted to 813 billion Iraqi dinars. The percentage of traded sectors was as follows:
1- Banking sector The percentage of the value of shares traded reached 60%.
2- The telecommunications sector. The percentage of the value of shares traded reached 17%
. 3- The industry sector. The percentage of the value of shares traded reached 15%
. Only five companies out of 105 listed companies accounted for 68% of the trading value, which are:
1- Kurdistan Bank by 41%
2- World Islamic Bank by 10.25%
3- Baghdad Soft Drinks Company by 6.5%
4- Bank of Baghdad by 5.73%
5- National Bank by 4.68%
and the stock market is considered one of the pillars of economic development for its ability to attract Domestic and foreign capital can play an important role in investing the funds that are hoarded and located outside the banking system.
The idea of the Iraqi stock market can be matured by adopting modern electronic systems that speed up the trading process, and the necessity of market governance by decisions that make the listed companies truly tradable will contribute to pumping a lot of capital into the market in a way that will contribute to increasing the contribution of the financial sector to the domestic product and thus Creating important job opportunities that help reduce unemployment rates.

[yota691]

 

The Iraqi Stock Exchange is trading shares worth 5 billion dinars in a week

 

 2022-02-13 09:51

 

 

Shafaq News/ The Iraqi Stock Exchange announced, on Sunday, the trading of shares with a financial value of more than five billion dinars during the past week.

 

The market said in a report seen by Shafak News Agency, "The number of companies whose shares were traded during the past week amounted to 43 joint-stock companies, while the shares of 39 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while 20 companies continue to be suspended for not providing disclosure, Out of 103 companies listed on the market.

 

And he indicated that "the number of traded shares amounted to five billion and 45 million and 28 thousand shares, with a financial value of five billion and 646 million and 557 thousand dinars through the implementation of 2385 deals," noting that "the ISX60 traded price index closed at 570.63 points, recording a decrease of 1.48% from its closing in the previous session.

 

The market indicated that "the number of shares purchased from non-Iraqi investors for the past week amounted to 690 million shares, with a financial value of 758 million dinars, through the implementation of 76 deals, while the number of shares sold from non-Iraqi investors reached 1.042 billion shares, with a financial value of 1.091 billion dinars through Execution of 139 deals.

 

It is noteworthy that the Iraq Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

[yota691]

The banking sector completely takes over the Iraqi stock market for the year 2021

2022-02-11

Yes Iraq: Baghdad

 

The banking sector accounted for all transactions in the Iraq Stock Exchange, with a percentage of 96% of the total transactions that took place in 2021.

According to a summary by the head of the Iraq Future Foundation for Studies, Manar Al-Obaidi, that: “4 banks occupied 67% of the total circulation, which are:-

1- Kurdistan Bank, with a trading rate of 34% of all transactions

2- Middle East Bank of Iraq with a circulation rate of 17%

3- World Islamic Bank with a circulation rate of 9%

4- Bank of Baghdad with a circulation rate of 7%

The total number of shares traded reached 930 billion shares, representing 7% of the number of listed shares, which amounted to 13.7 trillion shares.

As for the level of trading value, the total trading value in the market amounted to 813 billion Iraqi dinars. The percentage of traded sectors in it was as follows

1- The banking sector, the percentage of the value of shares traded reached 60%

2- The telecommunications sector, the value of traded shares reached 17%

3- The industrial sector, the value of traded shares reached 15%.

Only five companies out of 105 listed companies accounted for 68% of the trading value, which is

1- Kurdistan Bank with 41%

2- World Islamic Bank with 10.25%

3- Baghdad Soft Drinks Company with 6.5%

4- Bank of Baghdad by 5.73%

5- Al-Ahly Bank with a rate of 4.68%

 

Al-Obaidi added that "the stock market is one of the pillars of economic development for its ability to attract local and foreign capital, and it can play an important role in investing the hoarded money that exists outside the banking system."

The idea of the Iraqi stock market can be matured by adopting modern electronic systems that speed up the trading process, and the need to govern the market with decisions that make the listed companies truly tradable will contribute to pumping a lot of capital into the market in a way that will contribute to increasing the contribution of the financial sector to the domestic product and thus Creating important job opportunities that help reduce unemployment rates.”

[yota691]

Taha Ahmed Abdel Salam to “Al-Sabah”: The step is important, but on the terms of a proposal to list the profitable government companies in the stock market.

Monday 14 February 2022 447

 

 Baghdad: Haider Falih Al-Rubaie 

Specialists in economic affairs stressed the importance of the stock market in developing the economy and attracting local and foreign capital, as well as its ability to play an important role by investing the funds that are hoarded and located outside the banking system. , The Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, expressed his welcome to that idea, which requires first that those government companies turn into a mixed and private contribution.

According to the economic expert, Manar Al-Obaidi, the market value of the companies listed on the Iraqi Stock Exchange has increased to 15.9 trillion Iraqi dinars, an increase of 13.7% compared to 2020, the market value of the banking sector amounted to 7.5 trillion Iraqi dinars, an increase of 29%, followed by the telecommunications sector, with a market value of 6.5 trillion dinars.

 

attracting capital 

In response to the proposal to list profitable public companies, such as airlines, or state-owned banks in the Iraq Stock Exchange, the Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, said in a statement to “Al-Sabah”: It is not possible to list government companies or public sector companies until after To turn into joint stock companies, and accordingly, the first step is to convert public companies into a mixed joint stock company, especially by offering their shares - public offering - IPO -.

Abdul Salam pointed out that this step would achieve a set of goals, the most important of which is to attract and invest the savings of Iraqis and non-Iraqis in accordance with the Companies Law, pointing out that the inclusion of these joint stock companies in the Iraqi Stock Exchange is a very natural matter, but it requires the use of public offering procedures in accordance with the law. International standards and financial markets, in order to ensure the success of the offering and transformation process, as well as the success of attracting national capital to invest.

 

Listing public companies 

For his part, the economic expert, Manar Al-Obaidi, suggested the inclusion of companies affiliated with the government sector, such as banks, insurance companies and transportation, led by Iraqi Airways, to the stock market, on the condition that ensuring the adoption of governance helps not to monopolize companies' shares in the hands of a small group.

The expert Al-Obaidi pointed out that this will lead to the stock market being one of the most important components of the Iraqi economy and able to attract capital and contribute to reducing the expenses of the Iraqi state and shifting towards an economy that supports the private sector and the contributor, noting that “the financial market that operates at a strong level of efficiency or Even the semi-strongness reflects the nature of the economy in any country.”

According to Al-Obeidi, the market value of the companies listed on the Iraq Stock Exchange increased to 15.9 trillion Iraqi dinars, an increase of 13.7% compared to 2020, and the market value of the banking sector reached 7.5 trillion Iraqi dinars, an increase of 29%, followed by the telecommunications sector with a market value of 6.5 One trillion Iraqi dinars, a decrease of 0.54% compared to 2020, then the industry sector with a market value of 1 trillion dinars, an increase of 20% compared to 2020, followed by the hotel and tourism sector, as the market value of its listed companies reached 374 billion dinars, an increase of 3.6%, while The market value of the agricultural sector companies reached 254 billion dinars, an increase of 56%.

Al-Obaidi explained, as for the investment, services and insurance sectors, the market value for them reached 167 billion Iraqi dinars, after it was 138 billion Iraqi dinars in 2020, indicating that the total shares listed in the Iraqi market amounted to 13.7 trillion shares, thus the average share in the stock market is 1.16 dinars. Per share listed, up from last year, which was 1.1 dinars per share.

 

Coordination with industry 

In turn, the economic researcher, Samir Al-Nusairi, explained that “the Iraqi market has been greatly affected by the changes that the Iraqi economy has experienced during the past years, and all sectors participating in the trading market were also affected, and the shares of those companies decreased by a large percentage, which affected the overall market activity.” Expressing his support for the proposal to "involve profitable government companies in the Iraqi stock market, but these companies should be privatized and the subscription to them succeed, as well as the need to convert many profitable government companies to mixed and put them up for subscription," indicating that these companies will receive funding to revive their business.

Al-Nusairi called for coordination between the Securities Commission and the Iraq Stock Exchange on the one hand, and the Ministry of Industry on the other hand, with the aim of listing some of the ministry's companies, and with the aim of attracting investors, indicating that this method is the only way to convert these companies into "companies with a good financial base." .

[6ly410]

Iraq Stock Market Report

18th February 2022 in Investment

https://www.iraq-businessnews.com/2022/02/18/iraq-stock-market-report-364/

Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 17th February 2022).

Please click here to view a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD650 (+1.0%) / $697 (+1.0%) (weekly change) (+4.8% and +4.8% YTD change, respectively). The number of week traded shares was 18.2 bn and the weekly trading volume was IQD24.8 bn ($16.8 mn).

ISX Company Announcements

• Cross transactions: 7.0 bn shares of Al Mustashar Islamic Bank for Investment & Finance (BMUI) on Feb. 13, which represents 2.8% of BMUI's capital. 1.3 bn shares of Asiacell (TASC) on Feb. 14, which represents 0.4% of TASC's capital. 4.7 bn shares of Al-Ataa Islamic Bank for Investment & Finance (BLAD) on Feb. 16, which represents 1.9% of BLAD's capital.
• According to Asiacell's (TASC) parent company, Ooredoo's announcement, Asiacell generated QAR 3.7 bn (around $998 mn) revenue in FY21, down by 9% due to the weakening purchasing power following the devaluation of the Iraqi Dinar and the effect of the Covid-19 pandemic. Although we see a decline in QAR terms, in local currency terms revenue increased by 9% to IQD1.5 trln according to Ooredoo's results. EBITDA improved by 13% to IQD677 bn and EBITDA margin increased from 43% in FY20 to 46% in FY21. Asiacell's customer base increased 9% y/y to 16.0 mn as end of FY21. Ooredoo stated that there was a significant increase in data consumption after TASC extended its 4G coverage to 90% of the sites, launched 4G+ and increased LTE-enabled sites in the network.
• Union Bank of Iraq (BUOI) resumed trading on Feb. 15 due to disclosing its annual and quarterly financial results for the period 2016 - 2020. BUOI closed the week at IQD0.25 price per share, down by 13.8%; however, we didn't put the company in the worst performers table this week, because the company has been suspended from trading since August 6, 2017.
• Ashour Hotel (HASH) resumed trading on Feb. 15 due to disclosing its 2019 and 2020 annual financial statements. HASH closed the week at IQD7.00 price per share, up by 9.4%; however, we didn't put the company in the best performers table this week, because the company has been suspended from trading since July 8, 2019.
• AL- Kindi of Veterinary Vaccines (IKLV) discussed and approved 2020 annual financial statement in its AGM held on Feb. 15.
• Metallic & Bicycles Industries (IMIB) resumed trading on Feb. 16 after being suspended from trading for its AGM (Jan. 23) in which they discussed and approved 2017 - 2020 annual financial statements, amending the name of the company by adding an activity (oil sector related to treatment and recycling of hydrocarbon waste) to become the "National Company for Metallurgical Industries, Mining and Bicycles", and postponing the discussion about the investment projects with Shinig Motor and partnership contract with Rawa'at Al-Mustathmer Company.
• ISX will suspend trading of Modern Chemical Industries (IMCI) starting Feb. 21 due to the AGM that will be held on Feb. 24 to discuss and approve 2020 annual financial statements.
• ISX will suspend trading of Al-Mashreq Al-Arabi Islamic Bank for investment (BAMS) starting Feb. 22 due to the AGM that will be held on Feb. 26 to discuss and approve 2020 annual financial statements and increase the capital to IQD250 bn through 25% rights issue.
• ISX will suspend trading of World Islamic Bank (BWOR) starting Feb. 28 due to the AGM that will be held on Mar. 3 in which they will discuss and approve increasing the company's capital from IQD250 bn to IQD260 bn through 4% right issue (for selected shareholders).
• Iraqi for Seed Production (AISP) will hold an AGM on Mar. 8 to discuss and approve 2020 annual financial statements, increasing the capital to IQD22.9 bn through 52.63% bonus issue, and distributing dividend. The company has been suspended from trading since Jul. 5, 2021 due to not disclosing its 2020 and 2021 annual financial statements.
• United Bank (BUND) received, on Jan. 30, the CBI's approval to merge and close some of its branches across the country as follows: Kirkuk branch will be merged with Erbil branch; Babylon branch will be merged with Karbala branch; Al-Rabee branch will be merged with Al-Mansour branch; Al-Fallujah branch will be merged with Al-Ramadi branch; and finally, Samarra branch will be merged with Tikrit branch.

[yota691]

The stock market is trading more than 25 billion shares this week

 

Iraq Stock Exchange

Market

Economy News - Baghdad During the first week of March 2022, the Iraq Stock Exchange organized four trading sessions from Monday 28/02/2022 to Thursday 03/03/2022, as the Sunday session was not organized because it coincided with an official holiday. During this week, the indicators are below : . The number of shares traded this week reached more than (25) billion shares . . The value of traded shares this week reached more than (16) billion dinars . . The trading index closed in the market for the first session of the week at (596.21) points, while the index closed at (601.41) points at the end of the week, achieving an increase of (0.86%) from its closing in the first session . During the week, more than (2000) purchase and sale contracts were executed on the shares of companies listed in the market.

Views 568   Date Added 03/03/2022

[yota691]

The Egyptian Stock Exchange receives the leaders of the Iraqi capital market to enhance joint cooperation

side of the meeting

 March 08, 2022 02:08 PM

Cairo - Mubasher: Mohamed Farid, Chairman of the Board of Directors of the Egyptian Stock Exchange, received a delegation from the State of Iraq that includes the leaders of the Iraqi stock market to enhance joint cooperation and help the Iraqi side in developing the capabilities and competencies of the Iraqi market.

This step comes as a continuation of the efforts of the Egyptian Stock Exchange management to continue working to activate the memorandum of understanding signed between the two stock exchanges, within the framework of the work of the Joint Higher Committee between Egypt and Iraq, chaired by Prime Minister Dr. Today.

The Iraqi delegation's visit program included the presentation of a number of presentations by the work teams at the Egyptian Stock Exchange, which included the systems and work models of the various sectors that make up the work of the Egyptian Stock Exchange, as well as the opening of a trading session on Monday.

The presentations witnessed introducing the representatives and leaders of the regulatory and supervisory authorities to the Iraqi stock market, with all the new products and mechanisms adopted and implemented by the management of the Egyptian Stock Exchange over the past years to raise the efficiency and competitiveness of the Egyptian capital market, including the bond trading system as well as the database that was built by member companies to identify Al-Douri reviews the developments of the total values of marginal financing in the market and analyzes them to make sound decisions that achieve a higher degree of market risk management, as well as all indicators developed and introduced by the Stock Exchange’s management to diversify the tools for measuring market performance efficiently and effectively, and many other efforts.

The EGX administration had received a delegation that included a number of securities brokerage firms operating in the Iraqi market last month. The EGX administration also gave them presentations on the best practices and policies that help them develop their business, including a cooperation protocol between the Iraqi Stock Market Brokers Association and the Egyptian Association of Local Technicians. In order for the latter to undertake the development of an extended training program to raise the capabilities and competencies of workers in the Iraqi market in the various disciplines required of them.

To complement the technical assistance efforts, the stock exchange arranged meetings between the Iraqi delegation and the leaders of the various professional associations, such as Mr. Mohamed Maher, President of the Egyptian Securities Association, and Mohamed Younes, President of the Egyptian Association of Technical Analysts, in order to familiarize them with their work systems and transfer the expertise needed by the brothers in Iraq.

Meanwhile, the EGX management arranged meetings for the Iraqi delegation with two ministers of the Egyptian Economic Group, to discuss ways of cooperation and raise the level of coordination in areas of common interest.

For his part, Mohamed Farid, head of the Egyptian Stock Exchange, said that the stock exchange management welcomes all aspects of cooperation at all levels for the Iraqi side, in terms of training and developing the required capabilities, as well as cooperation in order to discuss how to facilitate the movement of inter-investment in securities between the two countries.

Meanwhile, Hassan Hassani, Chairman of the Iraqi Securities Authority, thanked the management and work teams of the Egyptian Stock Exchange for their presentations on how to manage and develop the Egyptian capital market in various fields and sectors.

He pointed out that the Iraqi market welcomes and looks forward to more experiences and skills for progress and development, which is what awaits a large contribution from the Egyptian side to achieve it and reach better levels for the stock market in Iraq, explaining that the coming period will witness the translation of the results of these meetings into action plans that can be implemented in time. , to add new mechanisms and products to the Iraqi market, as well as to promote intra-trade in securities between the two parties.

While Thaer Adnan Hashem, Chairman of the Board of Governors of the Iraq Stock Exchange, said that the current visit of the Iraqi delegation witnessed discussions on how to enhance cooperation in various fields related to plans to upgrade the Iraqi Stock Exchange, especially how to enhance trading and develop new products and mechanisms, including the activity of custodians on For example, developing market work sectors and adding new work tasks that would add value and help market management achieve its goals.

Taha Abdel Salam, Executive Director of the Iraq Stock Exchange, said that he is looking forward to maximizing the benefit from cooperation with the Egyptian Stock Exchange to benefit from their experiences in many areas, the most important of which are the development and introduction of market performance indicators, as well as how to develop electronic trading in the Iraqi market, as well as examining the possibility of benefiting from it. From the distinguished Egyptian experience in developing the bond market.

Farid welcomed all aspects of cooperation that the Iraqi side preferred to display during the visit, stressing that the necessary arrangements will be made to complete them as soon as possible, in coordination with all relevant parties.

[yota691]

The Iraqi and Egyptian Securities Commission are organizing a joint work program to activate the memorandum of understanding

 

Market Economy News _ Baghdad At the invitation of the Egyptian Stock Exchange and within the framework of cooperation between counterparts in the securities sector and based on the memorandum of cooperation between the Iraqi Securities Authority and the Egyptian Supervisory Authority and the memorandum of understanding between the Iraq Stock Exchange and the Egyptian Stock Exchange, the two sides organized a joint work program and meetings that included discussing various topics according to the following program : The meeting of the head of the Iraqi Securities Authority, Mr. Hassan Hammoud Al-Agaili, with his Egyptian counterpart, Dr. Muhammad Omran, on Sunday, February 6, 2022 at the headquarters of the Egyptian Financial Supervisory Authority The Chairman of the Board of Governors of the Market, Mr. Thaer Adnan, the Executive Director of the Iraq Stock Exchange, Mr. Taha Ahmed Abdel Salam, and the Chairman of the Association of Capital Market Brokers, Mr. Ali Al-Mukhtar, participated in the meeting, and from the Egyptian side, the two Vice-Presidents of the Egyptian Authority, Counselor Reda Abdel-Moati and Mr. Islam Azzam participated in the meeting . On the same day, the second meeting was held between the delegations of the two countries at the headquarters of the Egyptian Stock Exchange, with the participation of the Executive Director of the Egyptian Stock Exchange, Dr. Muhammad Farid and his assistants for electronic systems and control over trading, disclosure and governance . These meetings come within the framework of benefiting from the experience of the Egyptian Stock Exchange and the Egyptian Authority within the framework of developing instructions and rules and the wide use of electronic systems in trading, monitoring and disclosure . These meetings will continue over the next two days and will include meetings with senior officials in the Egyptian government, where it is hoped that meetings will be held with the Minister of Business Sector as well as the Minister of Planning and Economic Development . As well as to benefit from the experience of the clearing and settlement company and the data and information publishing company . The authority and the market had sent 30 brokers for practical training in the Egyptian Stock Exchange in February for training through the Association of Financial Data Analysts .

Views 398   Date Added 07/03/2022

[yota691]

Egypt and Iraq discuss aspects of future cooperation in the financial markets

side of the meeting

 March 10, 2022 03:26 PM

Cairo - Mubasher: Minister of Planning and Economic Development Hala Al-Saeed discussed with Hassan Hammoud Hassani, head of the Iraqi Securities Authority, and his accompanying delegation, aspects of future cooperation.

This came during Al-Saeed’s reception today for the Iraqi delegation, in the presence of Mohamed Farid, Chairman of the Board of Directors of the Egyptian Stock Exchange, Thaer Adnan Hashem, Chairman of the Board of Governors of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, Executive Director of the Iraq Stock Exchange, Ali Adnan Hashem, President of the Association of Securities Brokers in Iraq , Ghazi Ibrahim Qassem the Securities Authority, and from the Ministry of Planning Nada Masoud, the economic advisor to the minister, Naglaa El-Baili, the assistant minister for asset and investment management, Ayman Soliman, Executive Director of the Sovereign Fund of Egypt, and Abdullah El-Ebiary, head of the investment sector in the Sovereign Fund of Egypt, according to a statement.

During the meeting, Hala Al-Saeed pointed to the strategic importance of relations between Egypt and brotherly Iraq, and the momentum and remarkable development that these relations are witnessing in the recent period, especially in light of the visit of the Egyptian delegation headed by the Prime Minister to Iraq, in addition to the visit of the Iraqi Deputy Prime Minister to Egypt during the last period. .

Al-Saeed reviewed the main tasks carried out by the Ministry of Planning and Economic Development, where the ministry is responsible for setting Egypt’s vision 2030, from which annual and medium-term plans are prepared, in addition to the ministry’s responsibility for the investment budget with various ministries to achieve the state’s goals such as growth rates and unemployment, through Implementation of development programs that achieve these goals.

She referred to the Ministry's supervision of the Central Agency for Public Mobilization and Statistics, through which the Ministry follows up various indicators, statistical surveys on unemployment and inflation, and income and expenditure research. These surveys deal with the distribution of investments to the governorates in order to address the development gaps at the level of each governorate, and so that the citizen feels the quality of the services provided and their availability in an appropriate manner.

Al-Saeed pointed to the Decent Life initiative, which aims to improve the quality of life in the Egyptian countryside, in about 4,500 villages, in which more than half of the population of Egypt live, about 58 million citizens, as they are converted into sustainable rural communities that meet all development needs within three years, and at a total cost. It amounts to about 800 billion pounds.

She stressed that the initiative aims to improve the quality of life in general, as it covers sewage services, infrastructure, drinking water, electricity and gas networks, decent housing, roads and other services. It also contributes to providing job opportunities in cooperation with the Small and Medium Enterprises Authority.

Al-Saeed addressed the tasks of the Sovereign Fund of Egypt, the investment arm of the ministry, explaining that the fund was established before the coronavirus pandemic as one of the mechanisms to enhance partnership with the private sector, within the framework of the Egyptian state’s plan to achieve sustainable development (Egypt Vision 2030), and what this requires of increasing the volume of investments and diversifying Sources of funding, as there was a need to create a large economic entity capable, through partnership with local and international companies and institutions, to create investment opportunities in promising sectors, maximize the use of state assets and resources, and achieve sustainable financial surpluses through a balanced and diversified portfolio.

For his part, Hassan Hammoud Hassani, head of the Iraqi Securities Authority, praised the unprecedented renaissance that Egypt is witnessing in various fields, and the success of the Egyptian economic reform program, stressing that Iraq cherishes its brotherly relations with Egypt, and the Iraqi economy has succeeded in overcoming a difficult stage and is currently seeking to attract and encourage investment. And developing the role of the private sector, looking forward to investment cooperation between the two countries through the Sovereign Fund of Egypt.

[yota691]

Egypt is discussing with Iraq cooperation and transfer of expertise in the field of the stock market

During the meeting of the Minister of the Business Sector with the delegation of Al-Arafi

 March 13, 2022 01:27 PM

Cairo - Mubasher: Minister of Public Business Sector Hisham Tawfiq discussed with a delegation of leaders of the Iraqi stock market headed by Hassan Hammoud Hassani, Chairman of the Securities Authority, ways to enhance joint cooperation, in the presence of Mohamed Farid, Chairman of the Board of Directors of the Egyptian Stock Exchange.

Hisham Tawfiq expressed, in a statement issued today, Sunday, his aspiration to enhance cooperation with the Iraqi side, provide support and transfer expertise in the field of the stock market, as well as the field of public company management, especially in light of the application of more governance standards and the amendment of the law regulating the work of public business sector companies.

The minister presented a number of aspects of cooperation with the Iraqi side, especially in the field of contracting and housing, and the willingness of affiliated companies working in this field to increase the volume of their business in the Iraqi market to contribute to the development of infrastructure and reconstruction efforts, and the development and development of the construction and housing sector.

He stressed that the subsidiaries have great experience in the chemical and fertilizer industry, pointing to the ongoing projects to switch to clean energy, including green ammonia, as well as the electric car industry (owner/microbus) and the ongoing efforts to localize this industry through the development of batteries and control systems.

For his part, the head of the Iraqi Securities Authority stressed the strong and deep historical relations between Egypt and Iraq, as well as the keenness to benefit from the Egyptian expertise, and to invite Egyptian companies to work in the Iraqi market, which offers many facilities to foreign investors.

He invited the Minister of the Business Sector to visit Iraq, accompanied by a number of construction and housing companies, to achieve more cooperation.

For his part, Mohamed Farid, head of the Egyptian Stock Exchange, said that the stock exchange management welcomes all aspects of cooperation at all levels for the Iraqi side, in terms of training and developing the required capabilities, as well as cooperation in order to discuss how to facilitate the movement of inter-investment in securities between the two countries.

[yota691]

 

The Iraqi market suspends its activity for two days

 2022-03-19 02:44

 

Shafaq News/ The Iraq Stock Exchange announced today, Saturday, the suspension of its activity for two days.

 

The market said in a statement received by Shafaq News Agency, "Based on the decision of the Council of Ministers to declare an official holiday for two days on the occasion of Nowruz holidays, trading sessions will not be organized on Sunday and Monday."

 

He added, "The activity will be practiced after the official holiday, starting next Tuesday, according to its official timings."

 

It is noteworthy that the Iraq Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and includes 105 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

[Half Crazy Runner]

3 minutes ago, yota691 said:

Council of Ministers to declare an official holiday for two days on the occasion of Nowruz holidays

Am I right in thinking Nowruz is one of their regular annual holidays that they celebrate every year? And the fact of the Council of Ministers “declaring” that it’s an official holiday is really relativity meaningless..? Like if our government were to officially declare July 4th to be an official holiday and announce it every year? Is this why it seems like they are creating new holidays every couple of months instead of just officially announcing all the regular ones every year as if they are new…?

[yota691]

 

The Iraqi Stock Exchange is trading shares of more than two billion dinars

 

 2022-03-22 08:06

 

Shafaq News/ The Iraq Stock Exchange announced today, Tuesday, that it has traded more than one billion shares, with a financial value of more than two billion dinars.

The market said in a report seen by Shafak News Agency, "The number of companies whose shares were traded today, Sunday, reached 36 joint-stock companies, while the shares of 46 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while the number of suspended companies reached 17 companies for not providing disclosure out of 103." listed company on the market. 

He added that "the number of traded shares amounted to one billion and 292 million shares, with a financial value of 2 billion and 209 million dinars, through the implementation of 812 deals," noting that "the ISX60 traded price index closed at 595.92 points." 

He pointed out that the number of shares purchased from non-Iraqi investors in the market amounted to 10 thousand shares, with a financial value of 26 thousand dinars, through the implementation of one transaction on one company, while the number of shares sold from non-Iraqi investors in the market reached 23 million shares, with a value of 102 million dinars. Through the implementation of 53 transactions on the shares of 3 companies.

He explained that the most profitable company is the Ishtar Hotel Company, with a change of 10%, followed by the Al-Amin Insurance Company, with a change of 6.25%, while the most profitable company is Sumer Commercial Bank, with a rate of -8.89, followed by a ready-made clothing production company, with a change of -5.88.  

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

[yota691]

The Iraqi Stock Exchange achieves 4 indicators within a week

Economy|   04:15 - 24/03/2022

 

 

 

 

Baghdad - Mawazine News
, Thursday, the Iraqi Stock Exchange announced its organization during the third week of March 2022, three trading sessions from Tuesday, 22/03/2022 to Thursday, 24/03/2022.
And the market said in a statement that “Mawazine News” received a copy of it, “The trading sessions were not organized for Sunday and Monday 3/21/20 2021 because they coincided with an official holiday, as the following indicators were achieved during this week:
1. The number of shares traded during this week reached more than (3) billion shares
2. The value of shares traded this week amounted to more than (7) billion dinars
3. The trading index in the market for the first session of the week closed at (595.92) points, while the index closed at (595.45) points at the end of the week Thus, achieving a decrease of (0.08%) from its closing in the first session.
4. During the week, more than (2600) purchase and sale contracts were executed on the shares of companies listed in the market. Ended 29/R77

[yota691]

 

The Iraqi Stock Exchange is trading shares with a financial value of 7 billion dinars in a week

 2022-03-27 07:06

 

 

Shafaq News/ The Iraq Stock Exchange announced today, Sunday, that its shares were traded with a financial value of more than 7 billion dinars during the past week.

 

The market said in a report seen by Shafak News Agency, "The number of companies whose shares were traded during the past week amounted to 48 joint-stock companies, while the shares of 38 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while 17 companies continued to be suspended for not providing disclosure out of 103 companies." listed on the market.

 

He added that "the number of traded shares amounted to 3,961 million and 388 thousand shares, with a financial value of 7 billion and 319 million and 807 thousand dinars, through the implementation of 2,656 deals," noting that "the ISX60 traded price index closed at 595.45 points, recording a decrease of 0.25% from its closing." in the previous session.

 

He pointed out that the number of shares purchased from non-Iraqi investors last week amounted to 266 million shares, with a financial value of 325 million dinars, through the implementation of 55 deals, while the number of shares sold from non-Iraqi investors reached 95 million shares, with a financial value of 315 million dinars, through the implementation of 180 Deal.

 

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

[yota691]

The Iraqi Stock Exchange achieves a significant increase in the value of trading at the Arab level

political| 03:15 - 03/28/2022

 

 

 

 

 Baghdad - Mawazine News
The Iraqi Stock Exchange achieved, on Monday, significant increases in the value of trading at the Arab level.
The head of the Securities Authority, Hassan Al-Akaili, said in a statement, "The Iraqi Stock Exchange achieved the largest recorded increases in the value of trading at the Arab level, with its index rising by 118%, while the value of Arab stock markets trading recorded a decrease of 9.94%."
He added, "This came according to the weekly bulletin issued by the Arab Monetary Fund, issued on March 17, 2022." Ended 29 / h

[yota691]

 

The Iraqi Stock Exchange is trading shares with a financial value of 11 billion dinars in a week

 

 2022-04-10 07:16

 

Shafaq News/ The Iraq Stock Exchange announced today, Sunday, that its shares were traded with a financial value of more than 11 billion dinars during the past week.

The market said in a report seen by Shafak News Agency, "The number of companies whose shares were traded during the past week amounted to 49 joint-stock companies, while the shares of 37 companies were not traded due to the lack of convergence of purchase orders prices with sales orders, while 17 companies continued to be suspended for not providing disclosure out of 103 companies." listed on the market.

He added that "the number of traded shares amounted to 9 billion and 9 million and 517 thousand shares, with a financial value of 11 billion and 169 million and 11 thousand dinars through the implementation of 2868 deals," noting that "the ISX60 traded price index closed at 598.54 points, recording a decrease of 1.92% from its closing in the previous session.

He pointed out that the number of shares purchased from non-Iraqi investors last week amounted to 278 million shares, with a financial value of 228 million dinars, through the implementation of 51 deals, while the number of shares sold from non-Iraqi investors reached 184 million shares, with a financial value of 758 million dinars, through the implementation of 358. Deal.

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

[yota691]

The stock market is trading 85 billion shares

Sunday 10 April 2022 122

 

 Baghdad: Hussein Thaghb 

During the month of March, the Iraqi Stock Exchange traded more than (85) billion shares, with a value of more than (62) billion dinars, and 23 joint-stock companies achieved an increase in the rates of their traded shares, while 22 companies achieved a decrease in their rates, while they did not change. Stock prices in 18 joint-stock companies «according to the report of last March, which was issued by the market and followed by the morning».

 

The head of the Securities Commission, Hassan Hammoud Hassani, said: “The number of transactions executed during the month of last March amounted to (11823) deals, and the stock price index traded in the Iraq Stock Exchange ISX60 closed in the last session of the current month of March at 609 points, and it was closed in 

The last session of February scored 596 points, and thus the index achieved an increase of 596 points

 2.2 % “. 

Hassani added that “the monthly report revealed that there are 103 Iraqi companies whose shares are listed in the market, of which 63 joint-stock companies are trading, in addition to the presence of (23) joint-stock companies whose shares have not been traded due to the difference in the prices offered from the required ones,” noting that “the number of companies suspended from Trading by a decision of the Securities Commission amounted to (17) joint stock companies for not complying with the disclosure instructions.

 

Big Deals

In turn, the Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, dealt with the large deals and said: “The number of traded shares in the month of March reached more than (85) billion shares, and the number of large deals executed during the additional session time from 1:00 to 1:00. 30 in the afternoon, according to the instructions of the large deals and the intended opposite orders, four orders with the number of shares (10,049,660,000) shares, and the value of traded shares amounted to more than (62) billion dinars, and the value of large deals in the additional session time amounted to (4,881,918,400) dinars on (2) shares 

company".

Regarding trading by foreigners in March 2022, Abdel Salam confirmed that “the shares purchased by foreigners amounted to 1.3 billion shares, at a value of 2.7 billion dinars, while the number of shares sold by foreigners amounted to 624 million shares, at a value of 1.7 billion dinars.”

 

international prices

He pointed out that “the price index in the first session of the month of March opened at 601 points and rose in the next session to 607 points, then was affected by the trading movement and global price indices to decrease in several sessions until it reached 587 at its lowest decline, but it returned to record continuous and successive rises.” , especially after the return of a number of the shares of the main companies, which were suspended due to the meeting of public bodies or suspended due to the failure to provide disclosure, and with the return of these companies, an effective additional demand was achieved that led to a positive trading movement that was reflected in the improvement in the value of the price index, to reach at closing to 609 points, which is Higher than the February closing rate

 2 %”.

trading days

Abdul Salam pointed out that “the month of March witnessed an increase in the number of trading days, and an increase in the number of traded companies compared to February by

8%, due to the return of a number of companies from the general assembly meeting and the return of other companies to trading after their commitment to disclosure, and the number of shares traded in the month of March increased by 73% compared to February in light of the presence of active trading in shares, especially in the banking sector and the growing percentage of trading For foreigners, a rate of more than 2%, and the presence of large transactions, which amounted to a percentage

11% of the total number of shares traded in March 2022. He cautioned that “the value of traded shares in the month of March also increased by 10% compared to February, and represented the largest value on the banking sector due to active trading by Iraqis and non-Iraqis, and the foreign ratio of them amounted to 6% of the total value of traded shares, and the percentage of The value of large deals is 8% of the total market value, in addition to an increase in the share price index by 2%.”

 

Share price

Regarding the first quarter of the current year, Abdul Salam said: “The indicators for trading in joint stock companies - the first chapter 2022, indicated that the Iraqi Stock Exchange organized (60) trading sessions during the first quarter ending on 3/31/2022 according to the official timings of the session’s time from 10 a.m. - 1 p.m. at a rate of five sessions per week. The market also organized an additional 12 sessions from the hour

1 - 1:30 pm ETS in accordance with the procedures for executing large deals and intended cross orders, which are being audited, disclosed and published on the website, and which are executed at the rate of the share price on that day.

 

Purchased shares

He stressed that “the stock trading indicators for the first quarter 2022 showed the number of traded shares (180.253) billion shares, and for non-Iraqis, the number of purchased shares for non-Iraqi investors reached more than (5.068) billion shares executed through (1140) purchase transactions, and the number of shares sold For non-Iraqi investors, more than (5.498) billion shares were executed through 2,963 sales transactions, with a traded value of (166.685) billion. Dinar 

[yota691]

 

The Iraqi Stock Exchange is trading shares worth 40 billion dinars in a week

 

 

 2022-04-17 14:32

 

Shafaq News/ The Iraq Stock Exchange announced today, Sunday, that it traded shares with a financial value of more than 40 billion dinars during the past week.

 

The market said in a report seen by Shafaq News Agency, "The number of companies whose shares were traded during the past week amounted to 49 joint-stock companies, while the shares of 37 companies did not trade due to the lack of convergence of the prices of purchase orders with sales orders, while 17 companies continue to be suspended for not providing disclosure from Out of 103 companies listed on the market.

 

He added that "the number of traded shares reached 36 billion and 918 million and 273 thousand shares, with a financial value of 40 billion and 480 million and 272 thousand dinars, through the implementation of 3198 deals," noting that "the ISX60 traded price index closed at 601.62 points, recording an increase of 0.69% from closed in the previous session.

 

He explained that "the number of shares purchased from non-Iraqi investors for the past week amounted to 154 million shares, with a financial value of 657 million dinars, through the implementation of 27 deals, while the number of shares sold from non-Iraqi investors amounted to 691 million shares, with a financial value of 589 million dinars, through the implementation of 358." Deal".

 

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

[yota691]

The Iraqi Market Achieves The Largest Recorded Increases In The Trading Value At The Arab Level

25/04/2022

72

 

Earth News/ The Chairman of the Securities Commission, Hassan Al-Ugaili, announced today, Monday, that the Iraqi market achieved the largest recorded increases in the
trading value at the Arab level. With its index rising by 262.34 per cent, with improved trading in the banking and insurance sectors.”

He added, "While the value of Arab stock markets trading recorded an increase of 145.79 percent, the Iraq Stock Exchange also advanced Arab stock exchanges with an increase in trading volume by about 309.77 percent, according to the weekly bulletin issued by the Arab Monetary Fund and issued on 4/17/2022."

[yota691]

 

The Iraqi market temporarily suspends its activity

 

 2022-04-28 06:55

 

Shafaq News/ The Iraq Stock Exchange announced, on Thursday, the suspension of its activity for five days.

The market said in a statement received by Shafaq News Agency, "Based on the decision of the Council of Ministers to declare a five-day official holiday on the occasion of Eid Al-Fitr, the trading sessions will not be organized, starting from the first of May until the 5th of the same month."

He added, "The activity will be practiced after the official holiday, and starting from Sunday, May 8, according to its official timings."

It is noteworthy that the Iraqi Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

Yesterday, Wednesday, the General Secretariat of the Council of Ministers decided to suspend official working hours during the next week on the occasion of the Labor Day and Eid al-Fitr.