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ISX: We have 150 thousand customers and some of our transactions to exceed $500 million


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The Executive Director of Iraqi Stock Exchange, the number of shareholders registered in the stock market reached 150 thousand investors Iraqi and foreign, and the value of large deals of more than $ 500 million, expressing that he dreamed that the State decides to teach trading in the stock market in the stages of primary school, and tells the family to her children stories about the stock, money and business, rather than tell them the story of “Leila and the Wolf”, to contribute to a culture of stock trading since childhood.

And reveals the Executive Director of the stock market, Taha al-Rubaie, announced that the “manual trading in the market began in 2004, while held the first session of electronic trading in the April 19, 2009,” adding that “our anniversary, including a plan 2011, is a continuation of the organization of trading sessions from Sunday to Thursday , over two hours, start to enter commands from a ninth and a half to ten in the morning, and the duration of continuous trading of the tenth to the middle of the day. “

The spring, in a meeting with “the world”, that “what we added in 2011 is to allow the holding of large deals, and we have devoted half an hour after the trading session routine, which is characterized by that there should be disclosures of the prior name of the seller and the buyer, and the amount of shares they wish to buy and nature,” He pointed out that “the great deals in the stock market are limited to $ 500 million or higher, through a single contract and no more.”

He continues that, “added the other is to regulate the trading market parallel (second market) the market-formal education, there are companies that do not meet the terms of the basic listing, a version of final accounts for a period of two years, holds the decision of the General Authority for Securities accepted for inclusion and excellence and financial position, with the least number of shareholders in the stock market for 100 of its shareholders, “pointing out that” The market is invited for 22 joint-stock company since 3 months, to join the market, parallel, marking the organization of its work and open Tdoualha, in preparation for the transition to the regular market when they meet all the conditions, but any company that did not make to join us now, and I call your newspaper by the shareholders of unlisted companies, to press their companies to be included for us. “

Shows the spring that “Companies that fail to continue to meet the conditions included in the regular market, do not take the right sentence of expulsion from the market, but bring her back to the parallel market, and we give the opportunity to continue work, and if it reached the requirements for listing back to its former, note that the right to vote and sell and purchase. “

And holds that “the number of listed companies in the regular market is the 86 companies, and the last of

the income of the trading is a bank (the Corporation), which will enter into circulation today, the Iraqi Company for the manufacture dates,” revealing that “The Securities Commission halted trading for 14 companies contribution since more than two months, for failure to submit annual financial statements since 2010 to now. ” Continues Rubaie said “there are 25 joint-stock company held meetings of the Assembly, and these meetings are held annually to discuss financial statements for the past year, and if they have decisions to increase capital, and any company with such decisions depend 4 months maximum,” noting that “the Securities Commission financial and recently agreed to a proposal by the Board of Governors in the Iraqi market, and provides that stop a company that has increased through the capitalization of profits and reserves, a week before the meeting and the day of the meeting as well, and then resume trading in its shares listed on the market again after this day, the shares of the increase in capitalization are included Later, note that the Securities Commission, which is independent administratively and financially, is the monitoring of trading mechanisms and instructions, and give leave, prevent and monitor irregularities. “

And the opening of a branch of the stock market in Basra, confirmed Director of the Stock Exchange that they have “99 trading desk, working across a network in the same moment with the stock market, and opened two new branches of brokerage firms in Erbil and Sulaimaniya, as have not seen a formal request because there is a brokerage firm or a market in the Basra, but there was a desire among some elites to take a lecture on the Stock Exchange project and its mechanisms and the size of their business. “

He went on al-Rubaie said “there is in Baghdad, 47 offices belonging to the brokerage firm licensed and authorized, in each and every one of them dealing room small and between two screens and 7 screens, and a subsidiary of a bank, there are 6 stations, trading work at the same time with the market, via a private network (VPN) to maintain the security of the transmission of data, there are 6 stations in the form of securities, and monitor the function of trading in the market. “

And on the mechanisms of proliferation and expanding trade in Iraq, the little spring that “the club the upper example, if he applied for the development of screen trading in the restaurant or garden or any other site chosen, the audience watched the trading indicators, and perhaps raised the attention of potential investors, and questions on prices and trading and equity high and low, has generated some of them have the desire to invest in the market, or to inquire about through the website of the market, “pointing out that” the market has two employees Ajiban for continuous queries with us via the website. “

But Rubaie, however, said, “I am very happy because the number of shareholders in the trading market has increased from 2004 to today, dozens of times, and currently the number of shareholders registered in the CDS 150 000 Iraqi and foreign investor. Afarahna this number but it does not Aredana.”

And expresses its ambition to be “decided to study the stock market and trading in the stages of primary education, and I wish the family to tell their children stories about the stock market, not the (Leila and the Wolf), and is the father his son to purchase the shares to him in the stock market if it succeeds, rather than be prepared to buy a bicycle for example, “.

And add-Rubaie, “train the Stock Exchange at 750 students from various Iraqi universities annually, and this is not ambitious for good, and we contract with universities to provide data, and we started a source of information and data to the researchers,” stressing that “the gates of stock market open to all age groups, although the purpose is to just look at and watch, because investment remains conditional. “

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