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***** Iraq market: more than two trillion dinars value of shares traded for in 2013

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*****  Iraq market: more than two trillion dinars value of shares traded for in 2013 Empty ***** Iraq market: more than two trillion dinars value of shares traded for in 2013

Post  Admin Tue Dec 17, 2013 4:49 am

December 17, 2013 11:22




Declared the Iraq Stock Exchange, Tuesday, that the value of shares traded for the current year amounted to more than two trillion dinars, pointing out that non-Iraqi investors are concentrated in certain sectors and not others.

For his part, the head of the market Taha Ahmed Abdul Salam, according to "Alsumaria News", that "the market indices of securities for the current year are positive signs," he said, adding that "the market traded up to 12 December the current 867 billion shares financial value amounted to two trillion 2, 8 trillion dinars. "

He said Abdel-Salam said that "the number of shares listed on the market amounted to 4.5 trillion after increases in the share capital that occurred in 2013, while the total number of sessions organized by the market during this period 223 trading session during this period."


He said Abdel-Salam said that "the month of June 2014 will see the launch of the electronic system of the new market after it signed a market contract with NASDAQ OMX America," pointing out that "the development will also include launching information and prices on the networks of the international media, in addition to the live broadcast of the launch by the market. "

He said Abdel-Salam said that "the movement of non-Iraqi investors in the market is positive in the escalation, but what is taken for them is the concentration in sectors without the other," explaining that "the sectors most focused by non-Iraqi investors include banks, industrial companies and tourism without the other."

It is noteworthy that the Iraqi market for securities was established in June 2004, and was approved by the manual trading, and in April 2009, adopted the electronic trading in part by some companies, and is now trading electronically for companies listed by the year 2010, and traded in the market, 85 companies belonging to the seven sectors is the banking, industrial, hotel, tourism, agriculture, investment, and insurance services.


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