Iraqi Stock Exchange Held a Conference in Dubai to Discuss Investment in Economic Sectors

Regulated by the Board of Governors of the Iraqi market for securities investment conference in the market on the fourteenth of this month in the city of Dubai in the United Arab Emirates on the occasion of the tenth anniversary of the founding of the opening of the Iraqi market for securities and five years at the start of electronic trading and central depository in the market.

said a source in the Iraqi market for securities Finance for the “long” that the goal of the establishment of the conference is to give participants an idea of the capital market in Iraq and its achievements since 2004 until the present day and future plans also aimed at the participation of experts in the presentation of indicators of the Iraqi economy and the future expectations, laws and regulations prevailing and discuss the reality of the investment opportunities available in listed companies and explore ways to attract local and foreign investments. “

the source pointed out an invitation for many professionals and all stakeholders in this area in addition to the Chairman of the Board Market Executive Director of the tour to meet with the heads of the departments of banking companies and the Association of Banks and a number of other interested in the definition of this conference and its objectives.

in the context of Offline Board of Governors decided in the market acceptance of the proposals the Board of Directors market Arbil on a plan to upgrade the system Equator of the Iraqi market for the purpose of hosting the settlement of equity to trading market Erbil through the ratification of the required amendments approved by the Governing Council of the market Arbil Securities in connection with the filing system Equator also approved to authorize the management market to start discussions with the NASDAQ OMX market Arbil Securities in connection with system X-Stream CSD to depository independent and discuss the study design.

noted that the annual report of the circulation in the Iraqi market for securities in 2013 pointed out that the market value of listed companies in the market end of the year amounted to about 11451 billion dinars, an increase of 114.9% from the previous year where the market value of nearly 5327 billion dinars, while the total volume of approximately 2840.2 billion dinars, an increase of 217.8% from the previous year where the trading volume for the previous year nearly 893.8 billion dinars and that the number of shares traded stood at nearly 871.2 billion shares and an increase of 39.2% from the previous year as the number of shares traded the previous year’s 625.6 billion shares, while the number of contracts executed last year’s 126.5 contract thousand, a decline of 6.9% from the previous year, while trading record of non-Iraqi high net foreign investment (buy – sell) the amount of 980.20 billion dinars due to the increase purchases reaching 1149.8 billion dinars, while sales amounted to 169.6 billion dinars .

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