September 30, 2011Iraq officially ends the opening of the market requirements of Arbil Stock Exchange
Announced the head of the Iraq Stock Exchange on Friday, for the end of the formal requisites of the opening market of Arbil Stock Exchange.
Abd al-Razzaq al-Saadi told the Kurdish news agency (Rn) that "the Securities Commission ended Legal requirements and technical to start a market Arbil Stock Exchange specifications international.
He pointed out that the "market Arbil Trading Financial will begin the actual work after the completion of the Kurdistan Regional Government the electronic link with the Baghdad Stock Exchange Central, which will actually few days." and gave the Securities Commission of Iraq March / March, two licenses for the opening of the financial market in Erbil and Basra.
He said Saadi, "Iraq does not need to open more markets, electronic finance, because there is a tendency in the world to reduce market and integrate them." began to Iraq Stock Exchange activity in 2004, and shifted from manual trading to the use of screens handle electronic in 2009 and opened for trading two hours a day five days a week.
The banking sector is the largest in the exchange, which also includes the shares of industrial companies, insurance companies, hotels and agricultural companies. The total value of shares listed on the Stock Exchange about three billion dollars.
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