22/12/2010
Stock market suspended trading for near the end of the fiscal year / 2010
Conscious / Baghdad
Saw the Iraqi market for securities financial year movements of economic bus, on the occasion near the end of fiscal year 2010 will be the last trading session of the 2010 session Thursday, 12/23/2010 and will be the first trading session for the 2011 session Tuesday, 01/04/2011
and at all levels Altdolip And 85 with the participation of 92 companies traded companies and 5 parked the decision of the securities which beer eastern Baghdad, Automotive Services Iraqi dates, Electronic Industries, Petroleum products It also was the last indicators for the month of last December achieved the highest index is reached 98,9 و,16 لل was the lowest rate achieved 85.16 for the year's index Where the decline in stock prices is behind the failure to achieve a continuous rise of the market in all trading and the stock prices during the month of December ادLowest 826000 and had settled on the price of three اWeeks And then rose in the last week of up to 2971 2971 one million 1344. It then fell to 1344.
Conducted on this subject (and the Iraqi News Agency Information / INA), a series of meetings with a number of officials and economists and investors in connection with the reality of the market in Iraq's parliamentary and obstacles that affect them and the required specifications, investors in this sector. Was this poll.
Deliberative processes running normally
Taha Ahmed Executive Director of the Iraq market الاوراق Securities: to say "the daily trading of the market is witnessing the development of indicators Parliamentary high annual indicators and the changes and challenges that stand in front of a large market, but we are serious about the challenge all the obstacles that affect the deliberative labor, noting that the deliberative process in the market is going natural . In good progress and the activities carried out by companies and high productive.
Electronic trading
Ihsan anal investor in the market : Trading in the market this year is much better for Floater former, the spectrum through the transition from manual trading to electronic process is often easy to us .. He said, adding that the market includes a number Of sectors and companies that enable us to Parliamentary entry and Alastosmarfaita.
The decision to lift the bank's capital to 250 billion hurt investors
Mohammed al-Rubaie invested in the stock market: it seemed bothered by the latest decision of the Central Bank who work for banks, indicating that the decision has hurt all investors, he said through a referral to the capital to 250 billion in the not-so potential investors on the ground.
He added: income for our book of the General Authority of the Bank on a week before the official date of the meeting in order to stop trading in coordination between the market and the bank during a meeting of shareholders in the General Assembly and now they will take advantage of a period of four months allowed by law for reasons related to a decrease in the market .. He expressed his unwillingness to buy . Banking stocks because their prices dropped because of this confusion.
Banking sector, the biggest bloc in the securities market
Director of the company jewels to mediate in the sale and purchase of Securities Ltd and Chairman of the Board of Directors Association of Securities Dealers in Iraq, Ali Jamal Amin said that "in terms of trading volume, the banking sector represents the largest bloc in terms of the size of the common stock in the Iraqi market for securities and a large quantity of stocks because of capital high.
Hotel trades and the high real
Investor Hassanein الركاب Rikabi said: Currently trading hotel during recent sessions represent a real trading volume and a high of previous periods. * *
Provide bodies with strong banking High technology
Finally, says adviser Central Bank Amadhr Mohammed Saleh نحنWe are an enterprise and regulatory oversight of financial institutions in Iraq and the right of any person material and moral support to apply to get on a vacation to create a bank, but under the terms of The essential point is a must That At least 250 Mlyardinar or 200 thousand dollars and must be experienced not have any issues اEmbezzlement Awaip other defects and must be From the mid-eminent in Iraqi society and have the ability to contribute to In construction and development in the financial sector, especially the correct construction, which serves the economic process of the country These foundations and taught on this basis are granted permits to companies after they obtained the license by the Registrar of Companies.
He said .. we are trying to raise the economic level of the existing banks Currently hold such laws. Indicating that there is news Merger of banks in trying to unite Mabinha Rwo o their money to reach the threshold required of the capital, including the make partnerships with foreign companies and we encourage such things, so that the goal of the piece is to provide bodies with strong banking Technology and the possibilities and capabilities are high.
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