For the first time .. Arab cash includes indicators of the Iraqi market for securities

01/10/2019


(Independent) .. The Arab Monetary Fund included indicators of the Iraqi market for securities to its data from the month of September, and this is the first time that the indicators are displayed within the data of the Fund.

The Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam said: "As a result of the joint cooperation between the Iraqi Stock Exchange and the Securities Commission with the Arab Monetary Fund, has been completed the experimental stages of work to download the data and trading indicators for the Iraq market during last August Before the Electronic Systems Department. ”




Database


He added, "as of the beginning of September, trading data within the database of the Arab Monetary Fund among the 17 financial markets registered in the Fund, and became the price index within the composite index of the Fund for Arab financial markets, for the first time in the history of Iraqi financial markets."


He pointed out that the number of companies listed on the Iraqi market for securities 102 joint-stock companies constitute the sectors of banking, insurance, financial transfer, investment, industry, agriculture, communications, hotels, and the total capital of these companies 12130 billion shares


Investor confidence


He stressed that "this achievement is a positive step towards enhancing the confidence of investors in the Iraqi market and to achieve the objectives of disclosure and transparency in accordance with international best practices."


Abdul Salam had stated in a previous statement to "morning" that "the market is working to train at least 400 students in order to spread the culture of investment at the level of university students, but if there is scientific material for students of colleges concerned with economic affairs in all its joints, and thus win a segment It is important to be in the field of investments in stocks and bonds, as is happening internationally, and this leads to encourage the student to establish a joint stock company or be part of it or invest in this important joint.




International effort


Abdul Salam said that "the interest of regional and international organizations in the Iraqi market stems from the recognition of the international effort, the importance of Iraq on the international stage of work, and that it is on an important stage, the existence of close economic partnerships between Iraq and the global market that can achieve great benefit from dealing with Iraq, especially "The geographical position and wealth of the country can have a significant positive impact on the world's economies."


In a statement to the Arab Monetary Fund and the Iraqi Securities Commission that in the framework of cooperation between them, was in the month (September) 2019 the listing of the Iraqi market for securities officially in the system of Arab financial markets database at the Arab Monetary Fund. This brings to 17 the number of Arab financial markets joining the Arab Monetary Fund database.


Special indicator


The total market value of the market at the end of 2018 amounted to about 11356 billion Iraqi dinars, equivalent to 9.1 billion US dollars, thus being the 13th among the Arab financial markets in terms of market value. Accordingly, the Arab Monetary Fund has started to calculate a special index for the Iraq Stock Exchange, based on the data as at 31 July 2019 as a base period.


The sample of the Fund's index for the Iraq Stock Exchange includes 43 companies, whose market value represents about 80 per cent of the total market value, which is at the end of 2018, and the Arab Monetary Fund calculates in addition to indicators for the financial markets that join its database, a general composite index, measuring The performance of the Arab financial markets combined, including the Iraq Stock Exchange as of September 1, 2019.




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