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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The banking sector completely takes over the Iraqi stock market for the year 2021

    Rocky
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    • Post n°1

    The banking sector completely takes over the Iraqi stock market for the year 2021 Empty The banking sector completely takes over the Iraqi stock market for the year 2021

    Post by Rocky Fri 11 Feb 2022, 6:22 am


    [size=30]The banking sector completely takes over the Iraqi stock market for the year 2021

    2022-02-11
    [/size]
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    Yes Iraq: Baghdad

    The banking sector accounted for all transactions in the Iraq Stock Exchange, with a percentage of 96% of the total transactions that took place in 2021.
    According to a summary by the head of the Iraq Future Foundation for Studies, Manar Al-Obaidi, that: “4 banks occupied 67% of the total circulation, which are:-
    1- Kurdistan Bank, with a trading rate of 34% of all transactions
    2- Middle East Bank of Iraq with a circulation rate of 17%
    3- World Islamic Bank with a circulation rate of 9%
    4- Bank of Baghdad with a circulation rate of 7%
    The total number of shares traded reached 930 billion shares, representing 7% of the number of listed shares, which amounted to 13.7 trillion shares.
    As for the level of trading value, the total trading value in the market amounted to 813 billion Iraqi dinars. The percentage of traded sectors in it was as follows
    1- The banking sector, the percentage of the value of shares traded reached 60%
    2- The telecommunications sector, the value of traded shares reached 17%
    3- The industrial sector, the value of traded shares reached 15%.
    Only five companies out of 105 listed companies accounted for 68% of the trading value, which is
    1- Kurdistan Bank with 41%
    2- World Islamic Bank with 10.25%
    3- Baghdad Soft Drinks Company with 6.5%
    4- Bank of Baghdad by 5.73%
    5- Al-Ahly Bank with a rate of 4.68%

    Al-Obaidi added that "the stock market is one of the pillars of economic development for its ability to attract local and foreign capital, and it can play an important role in investing the hoarded money that exists outside the banking system."
    The idea of ​​the Iraqi stock market can be matured by adopting modern electronic systems that speed up the trading process, and the need to govern the market with decisions that make the listed companies truly tradable will contribute to pumping a lot of capital into the market in a way that will contribute to increasing the contribution of the financial sector to the domestic product and thus Creating important job opportunities that help reduce unemployment rates.”
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