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The banking sector constitutes 95% of the trading of the Iraqi Stock Exchange during 2021
- Time: 01/11/2022 11:35:48
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{Economic: Al Furat News} The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, announced that the improvement in the performance of the Iraqi Stock Exchange during the past year is due to the banking sector, which accounted for 95% of the trading rate.
And the Iraq Stock Exchange had announced an increase in traded shares by 131% during the year 2021 compared to the year 2020.
Tariq said in a statement received by {Al-Furat News}, that 95% of the trading volume in the stock exchange is due to the banking sector, as the number of traded shares reached 930 billion shares, with a value of 812 billion dinars, indicating that compared to the year 2020, the growth rate of the number of traded shares For the banking sector, it amounted to 142.3%, as it was 368.4 billion shares in the year 2020, while it was 892.8 billion dinars in the year 2021.
The Executive Director of the Association of Banks added that the value of traded shares increased by 244%, as in the year 2020 it was more than 193.6 billion dinars, while last year it amounted to 666.5 billion dinars, explaining that the number of deals rose to 40,856 deals last year, while it was 18,792 deals in year 2020.
Tariq noted that the policy of the Central Bank contributed significantly to the improvement and development of the performance of the banking sector during the past year, which contributed to the rise in the shares of some banks.
He stressed that the National Bank of Iraq's acquisition of the branches of the Lebanese Bank of Audi in Iraq is one of the most important positive events that affected the market share, in addition to the merger of the First Capital Bank and the International Islamic Bank and the expansion of some Iraqi private banks abroad through the opening of branches.
He pointed out that in the year 2020, four listed banks increased the capital, namely Al-Taif Al-Islami, Asia Iraq, the Advisor and the Secretary of Iraq, while four listed banks distributed profits, namely the Commercial Bank, the National Bank of Iraq, Al-Mansour and Al-Taif.
He also called on the banking sector to continue paying attention to the value of banks' shares through periodic disclosure of data and the distribution of profits to shareholders.
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{Economic: Al Furat News} The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, announced that the improvement in the performance of the Iraqi Stock Exchange during the past year is due to the banking sector, which accounted for 95% of the trading rate.
And the Iraq Stock Exchange had announced an increase in traded shares by 131% during the year 2021 compared to the year 2020.
Tariq said in a statement received by {Al-Furat News}, that 95% of the trading volume in the stock exchange is due to the banking sector, as the number of traded shares reached 930 billion shares, with a value of 812 billion dinars, indicating that compared to the year 2020, the growth rate of the number of traded shares For the banking sector, it amounted to 142.3%, as it was 368.4 billion shares in the year 2020, while it was 892.8 billion dinars in the year 2021.
The Executive Director of the Association of Banks added that the value of traded shares increased by 244%, as in the year 2020 it was more than 193.6 billion dinars, while last year it amounted to 666.5 billion dinars, explaining that the number of deals rose to 40,856 deals last year, while it was 18,792 deals in year 2020.
Tariq noted that the policy of the Central Bank contributed significantly to the improvement and development of the performance of the banking sector during the past year, which contributed to the rise in the shares of some banks.
He stressed that the National Bank of Iraq's acquisition of the branches of the Lebanese Bank of Audi in Iraq is one of the most important positive events that affected the market share, in addition to the merger of the First Capital Bank and the International Islamic Bank and the expansion of some Iraqi private banks abroad through the opening of branches.
He pointed out that in the year 2020, four listed banks increased the capital, namely Al-Taif Al-Islami, Asia Iraq, the Advisor and the Secretary of Iraq, while four listed banks distributed profits, namely the Commercial Bank, the National Bank of Iraq, Al-Mansour and Al-Taif.
He also called on the banking sector to continue paying attention to the value of banks' shares through periodic disclosure of data and the distribution of profits to shareholders.
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