This is about the Iraqi Stock Market and the Transparency

[ltr]Chairman of the Securities Commission: Commission seeks to improve the Iraqi market[/ltr]
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October 21, 2013 12:41 PM Updated: October 21, 2013 12:49
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The Chairman of the Securities Commission, Dr. Abdul Razzaq al-Saadi, to the Commission's efforts to provide assistance to companies working to restore its prestige, which contribute to improving the image of the Iraqi market.

He said al-Saadi told the (morning) that the Commission's work is aimed at disclosure and transparency and the treatment of total evenly, explaining that the Commission suspend trading of some companies by law must be disclosed during the 150 days, as it must provide companies traded final accounts of the body, and if expiry of the period did not Company discloses its accounts, the Commission will give an extra two months to disclose.

The Chairman of the Commission knew the disclosure process as translate Kvrhh of information and data for a particular company and put it in the stock market, noting that in the absence of information means is the lack of goods for display in this market.

Saadi also noted the need for equal treatment by suspending trading of shares of companies that did not disclose their accounts, but he stressed in the event can provide the data requested the trading company in question again, saying that the Commission suspended trading of 24 companies, before they disclose their accounts, but the most provided the data required for the body and the remainder up to 7 of the total 73 companies registered company.

He cautioned that if the company is not eligible for inclusion in the stock market, it is considered negative situation, so not bad image reflected on the Iraqi market.

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