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Iraqi Stock exchange

rroadrunner

By rroadrunner,
in Iraq & Dinar Related News

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Chief V Newbie

Chief V

Posted
Posted

My daughter saw this on Fox news this evening, I think its great news. Tell me what you think

http://video.foxbusiness.com/v/4359534/inside-iraqs-stock-exchange/

It's fantastic news, previously about 6 or 7 mos ago, they were using white boards and dry erase markers, this is fantatsic, you can see the telephone system, display screen and a tremendous amount of activity, not to mention they were recently trading penny stocks, and now they're doing 2 million?? Yes!!! Phenomenol news!! Great Find!!!

V :D

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Bumper64 Enthusiast

Bumper64

Posted
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It's fantastic news, previously about 6 or 7 mos ago, they were using white boards and dry erase markers, this is fantatsic, you can see the telephone system, display screen and a tremendous amount of activity, not to mention they were recently trading penny stocks, and now they're doing 2 million?? Yes!!! Phenomenol news!! Great Find!!!

V :D

I agree!! This is good news!

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BtrFuture4All Newbie

BtrFuture4All

Posted
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My daughter saw this on Fox news this evening, I think its great news. Tell me what you think

http://video.foxbusiness.com/v/4359534/inside-iraqs-stock-exchange/

I don't keep the news channels on all day as the noise makes my somewhat hyper. Maybe I'll have to decide the noise may be worth it. But as long as I can count on good and timely posts like this I probably won't. Thanks for the post. Very much appreciated.

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VIZIOIRAQI Newbie

VIZIOIRAQI

Posted
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Yes this is great news They are planning on matching the GCC stock market as soon as the gov is seated. Hurry up already angry.gif

Iraqi stock exchange law before parliament Oct 1 , 2010 | 12:00AM GST The National

Hadeel Al Sayegh

Last Updated: Oct 1 , 2010 | 12:00AM GST

The National

MANAMA // Iraq is planning to upgrade regulations for the country's stock exchange to match those in GCC markets and attract more foreign investors. The new regulations have been submitted to the Iraqi parliament as a draft law and are being studied by an advisory committee, but brokers say it is likely to be passed once the newly elected government is in place. "It will allow us to function as a normal market, as any other market in the GCC," said Shwan Taha, the head of the Iraqi company Al Rabeeh Securities.

Ayad Allawi and Nouri al Maliki have been locked in a struggle for control of the government for the past seven months. The draft law incorporates many of the regulations from the International Organisation of Securities Commissions, a group of securities regulators from 100 countries. If the laws are passed, Iraq's securities market could reach a market capitalisation of US$50 billion (Dh183.64bn) within 10 years, up from $3bn today, Mr Taha said.

The Iraq Stock Exchange (ISX) has 91 listed companies, 45 licensed brokers and a daily turnover of $2 million. Mr Taha said foreign investors were increasingly buying shares of ISX companies, but larger funds and institutional investors were mainly on the sidelines because of the limited regulation. Some, however, already see opportunity. "There is always risk," said Arild Johansen, the chief investment officer at FMG Investments, which specialises in emerging markets and recently launched the Special Opportunities Iraq Fund.

"But the model of the stock exchange is the same as that of the New York Stock Exchange, so we do not see Iraq as risky as people think. The main risk is that it will take a long time to develop liquidity." Mr Taha said there would not be many large public offerings until the laws were passed, even from the telecommunications operators that were among the largest and most profitable companies in the country.

On the ISX, banking stocks account for 73 per cent of the market capitalisation and 22 per cent of the number of listed companies. According to the draft law, the market regulator should be operationally independent and accountable in exercising its functions and powers. The draft is designed to ensure the independence of the regulator, the Iraq Securities Commission, by providing fixed-term appointments of five commissioners who may not hold other governmental or conflicting industry positions.

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Chief V Newbie

Chief V

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When we RV, I think the next step is to look at the stock market over there for sure.......It can only go up!!!!!

GO RV !!!!!!!

That's more than likely why this website will stay up even after the RV, Adam will be presenting investment information in regards to Iraq and the ISX, as he's taking a trip over there soon enough to establish his contacts and business investment opportunities there. VIP's get first crack at that, others will have to wait in line, but I'm sure will be presented with opportunities as well.

V

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JugDawg1 Newbie

JugDawg1

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That's more than likely why this website will stay up even after the RV, Adam will be presenting investment information in regards to Iraq and the ISX, as he's taking a trip over there soon enough to establish his contacts and business investment opportunities there. VIP's get first crack at that, others will have to wait in line, but I'm sure will be presented with opportunities as well.

V

Are you thinking in the sense of holding on to some dinar or dumping some into the market there? Or both?

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