A joint strategy for the market and the Iraqi Securities Commission

[yota691]

Within a month, the stock exchange traded shares worth 186 billion dinars

Economical  2023/03/07

 

 

 Baghdad: morning

 

The Iraqi Stock Exchange traded 146 billion shares, with a financial value of more than 186 billion dinars, during the month of February.

The market stated in a report that "the number of companies whose shares were traded during February amounted to 73 joint stock companies, while the shares of 27 companies were not traded due to the difference in prices offered from those required by investors, while 3 companies continue to stop for not providing disclosure out of the 103 companies listed in the market."

He added, "The number of shares traded amounted to 146 billion and 963 million shares, with a financial value of 186 billion and 750 million dinars, through the implementation of 11,474 transactions," noting that "the index of traded prices ISX60 closed at 637,070 points."

He pointed out that "the number of shares purchased by non-Iraqi investors for the month of February amounted to 130 billion and 695 million shares, with a financial value of 160 billion and 109 million dinars, through the implementation of 394 contracts, while the number of shares sold by non-Iraqi investors amounted to 131 billion and 492 million shares, with a financial value of 168 billion and 156 million dinars through the implementation of 856 contracts.

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

[yota691]

Within a month.. The Iraqi Stock Exchange traded shares worth 11 billion dinars

 13 minutes ago

395

 

The Iraq Stock Exchange announced, on Monday, the trading of eight billion shares, with a financial value of more than 11 billion dinars, during the month of March.

The market stated in a report, that “the number of companies whose shares were traded during March amounted to 65 joint-stock companies, while the shares of 35 companies were not traded due to the difference in prices offered from those required by investors, and 3 companies continue to stop for not providing disclosure out of the 103 companies listed in the market.”

And that "the number of shares traded amounted to eight billion and 767 million shares, with a financial value of 11 billion and 410 million dinars, through the implementation of 8455 transactions," noting that "the index of traded prices ISX60 closed at 641,460 points."

He pointed out that "the number of shares purchased from non-Iraqi investors for the month of March amounted to 760 million and 967 thousand shares, with a financial value of 11 billion and 222 million dinars, through the implementation of 354 contracts, while the number of shares sold from non-Iraqi investors reached 878 billion and 140 million shares, with a financial value of Two billion and 574 million dinars through the implementation of 542 contracts.

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

[yota691]

A proposal to list oil, gold and foreign companies on the stock exchange

Economical  2023/04/16

 

 

 Baghdad: Haider Fleeh Al-Rubaie

The Iraq Stock Exchange revealed that the shares that were traded during the first quarter of this year reached (226) billion shares, with a financial value of (260) billion dinars, indicating that the number of companies that were present during the trading sessions in the first annual quarter amounted to 82 companies, On the other hand, specialists in economic affairs believe that these indicators represent a clear recovery in the trading culture, stressing the need to oblige foreign investment companies operating in Iraq to be listed in the Iraqi market, and seek to issue new laws that allow public sector companies to list their shares in the stock exchange as well.

 

In order to expand the work of the Stock Exchange, the specialists urged the necessity of expanding the market's activity, establishing a market for trading commodities, and for there to be trading in oil and gold.

 

The quarterly report of the Stock Exchange, which singled out the Iraq Stock Exchange, stated that “the number of trading days for the first quarter of this year amounted to 60 days, with 21 sessions in January, which witnessed the trading of 71 billion shares, with a financial value of 62 billion dinars, and the participation of 74 companies.” .

 

The report indicated that the month of February witnessed the holding of 19 sessions, during which the participants traded 146 billion shares, with a value of 186 billion dinars, with the presence of 73 companies. One billion dinars, and the participation of 65 companies.

 

The report noted that the market indices increased significantly compared to the same period last year, as the number of shares traded increased by 25.8%, and the value of traded shares increased by 56.2%, in addition to the increase in the value of the ISX60 price index by 1%. (9.5)% from the close of 2022.

 

In turn, the head of the Association of Investors of the Iraq Stock Exchange, Dr. Alaa Al-Mousa, indicated during his speech to "Al-Sabah" that "the market management is making great efforts in training its members and listed companies in order to create a free, honest, effective, competitive and transparent market and provide infrastructure necessary to serve the national economy and assist companies in building the necessary capital for investment.

 

Al-Moussawi explained that the recent past periods witnessed a "significant technological development in the performance of the market, which contributed to organizing and simplifying securities transactions in a fair, effective and regular manner, including clearing and settlement processes for these transactions, and now there are great efforts being made to switch to direct electronic trading (on line) which is now in its experimental stages.

 

Al-Moussawi expressed his support for the idea of attracting government companies to be included in the Iraqi Stock Exchange, which leads to the development of these companies by providing the necessary financial liquidity for them, and the establishment of new production lines and modern factories belonging to the company, as well as providing an opportunity for the scientific and professional competencies present in the private sector in order to participate. With the public sector in developing companies to serve the national economy.

 

Al-Moussawi believes that, with the aim of increasing the number of shareholders and capital to invest in the market, incentives and privileges should be granted to companies to encourage them to be listed, as well as oblige foreign investment companies operating in Iraq to be listed in the Iraqi Stock Exchange, suggesting at the same time, the establishment of a market for commodity trading and that there be Trade for oil and gold.

 

Al-Moussawi also urged the need to "create a safe environment in order to attract foreign capital, and work to raise the level of investment awareness in securities among individual and corporate investors, as well as providing transparency and disclosure and providing the investor with all the necessary information that he needs when making his investment decision." And issuing the necessary instructions and procedures in order to protect the capital and the rights of investors.

 

[yota691]

The Iraqi Stock Exchange announces trading indicators for the first quarter of 2023

2023.04.16 - 09:53

 

Baghdad - people   

Today, Sunday, the Iraqi Stock Exchange announced trading indicators during the first quarter of 2023.  

  

 

  

The market said in a statement, which "NAS" received a copy of, (April 16, 2023), that it "organized (60) trading sessions during the first quarter of the year 2023 in the shares of the listed joint-stock companies, which number (103) Iraqi joint-stock companies."  

  

He added, "Among the most important indicators for the first quarter of 2023 that the report showed:   

  

- The number of trading days reached (60) sessions - which are the actual working days  

  

The number of traded shares reached (226) billion shares  

  

The value of traded shares amounted to (260) dinars  

  

The value of the ISX60 price index increased from (611.83) points at the close of January to (637.07) points at the close of February, by (4.1)%.  

  

The value of the ISX60 price index increased from (611.83) points at the close of January to (641.46) points at the close of March, by (4.8)%.  

  

Trading sessions will continue to be organized according to their official timings from 9:30 am to 1:30 pm in various technical classifications on electronic systems.   

  

He pointed out, "The indicators for the first quarter of 2023 increased compared to the first quarter of last year 2022, as follows:  

  

The indicator of the number of trading days did not change – and the sessions were organized according to plan.   

  

The index of the number of traded shares increased by (25.8) percent.  

  

The value of traded shares increased by (56.2) percent.  

  

The value of the ISX60 price index increased by (9.5)% compared to the close of 2022.  

[screwball]

8 hours ago, yota691 said:

A proposal to list oil, gold and foreign companies on the stock exchange

Economical  2023/04/16

 

 

 Baghdad: Haider Fleeh Al-Rubaie

The Iraq Stock Exchange revealed that the shares that were traded during the first quarter of this year reached (226) billion shares, with a financial value of (260) billion dinars, indicating that the number of companies that were present during the trading sessions in the first annual quarter amounted to 82 companies, On the other hand, specialists in economic affairs believe that these indicators represent a clear recovery in the trading culture, stressing the need to oblige foreign investment companies operating in Iraq to be listed in the Iraqi market, and seek to issue new laws that allow public sector companies to list their shares in the stock exchange as well.

 

In order to expand the work of the Stock Exchange, the specialists urged the necessity of expanding the market's activity, establishing a market for trading commodities, and for there to be trading in oil and gold.

 

The quarterly report of the Stock Exchange, which singled out the Iraq Stock Exchange, stated that “the number of trading days for the first quarter of this year amounted to 60 days, with 21 sessions in January, which witnessed the trading of 71 billion shares, with a financial value of 62 billion dinars, and the participation of 74 companies.” .

 

The report indicated that the month of February witnessed the holding of 19 sessions, during which the participants traded 146 billion shares, with a value of 186 billion dinars, with the presence of 73 companies. One billion dinars, and the participation of 65 companies.

 

The report noted that the market indices increased significantly compared to the same period last year, as the number of shares traded increased by 25.8%, and the value of traded shares increased by 56.2%, in addition to the increase in the value of the ISX60 price index by 1%. (9.5)% from the close of 2022.

 

In turn, the head of the Association of Investors of the Iraq Stock Exchange, Dr. Alaa Al-Mousa, indicated during his speech to "Al-Sabah" that "the market management is making great efforts in training its members and listed companies in order to create a free, honest, effective, competitive and transparent market and provide infrastructure necessary to serve the national economy and assist companies in building the necessary capital for investment.

 

Al-Moussawi explained that the recent past periods witnessed a "significant technological development in the performance of the market, which contributed to organizing and simplifying securities transactions in a fair, effective and regular manner, including clearing and settlement processes for these transactions, and now there are great efforts being made to switch to direct electronic trading (on line) which is now in its experimental stages.

 

Al-Moussawi expressed his support system" rel="">support for the idea of attracting government companies to be included in the Iraqi Stock Exchange, which leads to the development of these companies by providing the necessary financial liquidity for them, and the establishment of new production lines and modern factories belonging to the company, as well as providing an opportunity for the scientific and professional competencies present in the private sector in order to participate. With the public sector in developing companies to serve the national economy.

 

Al-Moussawi believes that, with the aim of increasing the number of shareholders and capital to invest in the market, incentives and privileges should be granted to companies to encourage them to be listed, as well as oblige foreign investment companies operating in Iraq to be listed in the Iraqi Stock Exchange, suggesting at the same time, the establishment of a market for commodity trading and that there be Trade for oil and gold.

 

Al-Moussawi also urged the need to "create a safe environment in order to attract foreign capital, and work to raise the level of investment awareness in securities among individual and corporate investors, as well as providing transparency and disclosure and providing the investor with all the necessary information that he needs when making his investment decision." And issuing the necessary instructions and procedures in order to protect the capital and the rights of investors.

 

this is great news! more signs of going international

[screwball]

8 hours ago, yota691 said:

and now there are great efforts being made to switch to direct electronic trading (on line) which is now in its experimental stages.

😀

8 hours ago, yota691 said:

as well as oblige foreign investment companies operating in Iraq to be listed in the Iraqi Stock Exchange, suggesting at the same time, the establishment of a market for commodity trading and that there be Trade for oil and gold.

🙏

[yota691]

The stock market stops for five days

• Time: 04/20/2023 12:04:56
•  
• Read: 923 times

  

{Economic: Al Furat News} The Iraqi Stock Exchange announced today, Thursday, the suspension of its activity for a period of five days on the occasion of Eid Al-Fitr.

 

And a statement he received {Euphrates News} a copy of, stated that, "Based on the decision of the Council of Ministers to declare an official holiday for a period of five days on the occasion of Eid Al-Fitr, it will not organize trading sessions, starting from Thursday, corresponding to April 20, until next Monday."

He added, "The first trading session after the Eid holiday will be on Tuesday, April 25, according to its official timing."

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

[yota691]

Iraq market stops its activity for five days

2023-04-20 04:54

 

Shafaq News/ The Iraqi Stock Exchange announced, on Thursday, that it has stopped its activities for five days.

In a statement received by Shafaq News agency, the market said, "Based on the Cabinet's decision to declare an official holiday for five days on the occasion of Eid Al-Fitr, it will not organize trading sessions, starting from Thursday, April 20, until next Monday."

 

 

He added, "The first trading session after the Eid holiday will be on Tuesday, April 25, according to its official timing."

 

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

[yota691]

The Iraq Stock Exchange trades more than one billion shares, with a value of more than two billion dinars

2023-04-27 07:01

 

 

Shafaq News/ The Iraqi Stock Exchange announced, on Thursday, that more than one billion shares have been traded, with a value of more than two billion dinars, during the past days.

The market said in a statement today that during the fourth week of April 2023, three trading sessions took place from Tuesday 04/25/2023 to Thursday 04/27/2023, as trading sessions were not organized for Sunday 04/23/2023 and Monday. 04/24/2023 to be considered an official holiday.

 

 

 

This was achieved during this week, the indicators below:

1. The number of shares traded during this week amounted to more than (1) billion shares.

2. The value of shares traded this week amounted to more than two billion dinars.

3. The trading index in the market closed for the first session of the week at (728.12) points, while the index closed at the end of the week at (697.63) points, achieving a decrease of (4.37%) from its closing at the beginning of the session.

4. During the week, more than (2000) buying and selling contracts were executed on the shares of the companies listed in the market.

[ronscarpa]

The Iraqi Stock Exchange will be suspended tomorrow, Monday

EconomyIraqi Stock ExchangeLabor DaySuspension Of Work

 

2023-04-30 // 04:35

 

Shafaq News/ The Iraqi Stock Exchange announced, on Sunday, that it will stop its activities for tomorrow, as it is an official holiday.

 

The market said, in a statement received by Shafaq News agency, that, based on the Cabinet's decision to declare an official holiday for one day on the occasion of International Labor Day, it will not organize trading sessions for tomorrow, Monday, May 1, 2023.

 

And between, "It will be the first trading session after the holiday, starting on Tuesday, May 2, 2023, according to its official timing."

 

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

 

https://shafaq.com/ar/اقتصـاد/البورصة-العراقية-تعطل-نشاطها-غدا-ال-ثنين

[JonnyV]

Did they do this last year too?   If not hmmm 🤔

[NoviceInvestor]

2 hours ago, JonnyV said:

Did they do this last year too?   If not hmmm 🤔

May 1st is International Labour Day so it’s an Official Holiday. Here in Australia it is an official Holiday as well , even the Major Supermarket Chains are closed. 

[WheresmyRV?]

Just another holiday with them, move along folks.

[yota691]

The Iraq Stock Exchange trades 88 billion shares, with a value of more than 49 billion dinars during the month

2023-05-02 06:59

 

 

Shafaq News/ The Iraq Stock Exchange announced, on Tuesday, that it organized (17) trading sessions for the shares of Iraqi joint-stock companies listed in the market, which number (102) joint-stock companies, in the month of April 2023.

 

The market did not organize the trading session on 13/4 due to declaring it an official holiday. The trading sessions for the days (20), (23) and (24) of April 2023 coincide with the Eid Al-Fitr holiday, according to a statement issued by the market.

 

 

The statement indicated that the most important trading indicators in April 2023 are:

 

1. The number of companies whose shares are traded has reached (68) joint stock companies.

2. The number of shares traded in the market reached (88) billion shares.

3. The value of traded shares amounted to more than (49) billion dinars.

4. The number of executed deals reached (8633) deals.

5. Close the ISX60 traded stock price index.

- In the first session of April, at 638,710 points.

- In the last session of April, at 695,960 points.

- The index had closed in the last session of March at 641,460 points.

Thus, the ISX60 index achieved an increase of 9% in the month of April from its beginning, and an increase of 8.5% compared to its closing in the month of March.

[pacmen]

88 Billions ÷ 49 Billions= 1.79 USD per Share.... Please be True in the Future with the Exchange Rate

 

[pacmen]

Or ???....49 ÷ 88 = .55 USD... Either is fine with Me

 

[screwball]

⏰💣

[yota691]

The Iraq Stock Exchange trades shares worth more than 9 billion dinars

2023-06-22 07:11

Shafaq News/ The Iraq Stock Exchange announced, on Thursday, that billions of shares have been traded, with a financial value of more than 9 billion, during several sessions organized this week.

 

According to the market’s weekly trading indicators, during the third week of June 2023, there will be five trading sessions, from Sunday 06/18/2023 to Thursday 06/22/2023.

 

 

The market indicated that it achieved the following indicators during this week:

1. The number of shares traded during this week amounted to more than (8) billion shares.

 

2. The value of shares traded this week amounted to more than (9) billion dinars.

 

3. The trading index in the market closed for the first session of the week at (677.69) points, while the index closed at the end of the week at (666.52) points, achieving a decrease of (1.68%) from its closing at the beginning of the session.

 

4. During the week, more than (3100) buying and selling contracts were executed on the shares of companies listed in the market.

[yota691]

Iraq market stops its activity for six days

2023-06-24 05:11

Shafaq News/ The Iraqi Stock Exchange announced, on Saturday, that it has stopped its activity for a period of six days.

The market said in a statement received by Shafaq News agency, "Based on the Cabinet's decision to declare a five-day official holiday on the occasion of Eid Al-Adha, its last trading session will be on Monday, April 26."

He added, "The first trading session after the Eid holiday will be on Monday, July 3, according to its official timing."

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

[Bama Girl]

I’m so glad these poor overworked people get all these holidays to “rest”. No wonder it takes them years to accomplish what could be accomplished in 6 months.🙄🤨

[rvmydinar]

Could the long holidays ( 6 days ) be one of the reasons that delay the RV?

[Bama Girl]

1 hour ago, rvmydinar said:

Could the long holidays ( 6 days ) be one of the reasons that delay the RV?

It’s just another religious holiday in Iraq. I don’t put anything into it other than that.

[horsesoldier]

Literally 1/3rd of the year is taken up with religious holidays and whatever else days off they conjour up. 

Astonishing they get anything done at all.

Seems everytime there's critical stuff on the agenda there's  religious days off, 30 day recess or something else that requires days off looming steep on their horizon.

Then if they're too close they'll stop what they're doing & quit early.

Then its first thing to do when they get back: when they do return it's time to adjourn for lack of a quorum.

Governments are same world over.

[Woldopep]

Just speculating…. They would need time to do a revalue of the currency. This would actually be the perfect time. Budget posted in gazette on the 26th. Most of us are expecting it, why not now. July 1st. 

[davis411]

55 minutes ago, Woldopep said:

why not now.

Cause it’s Iraq you silly goose

they never do now