Equity investment culture lacks bourse

Equity investment culture lacks bourse



9/21/2014 0:00

Focus on the purchase of fixed assets and falling behind

Baghdad, Mustafa al-Hashemi

In a time when the banks of liquidity is high, show the need to be absorbed and utilized in the areas of economic development process of serving during the launch of sovereign bonds to invest in different sectors.

According to specialists citizens witnessing the lack of awareness and culture in the field of investment shares and the mechanics of trading on the Iraq Stock Exchange, while it is noticed that the different countries of the world depends bourse in determining the activity of various sectors and draw its role in the economies of their countries.

In this context, said Dr. Majid academic economic Baidhani shareholders that the level of trading in the stock market without ambition and that the lack of knowledge of a large number of citizens of the benefits achieved by their trading of shares of companies listed on the Iraq Stock Exchange.

He told the (morning) to that in spite of the campaign launched by the Iraqi market for securities in advance of the definition of stocks and traded companies and advocacy to trading by buying and selling, still more citizens suffer difficulty in understanding the mechanism used in the stock market and the role of financial intermediaries in clarifying them and instruct them and advised them to do to sell or buy.

He stressed that the contract deals in the world's stock markets is a common phenomenon being the most prominent types of indirect investment.

And sure need one day after another to conduct campaigns identifiable concentrated to disseminate the culture of the exchange between the majority of citizens and invite them to invest in them to enhance the performance of the Iraqi Stock Exchange and access to the level of ambition, at the time shows the presence of non-Iraqi investors are trading in a manner very smooth they are in their home countries along the convening of trading sessions daily amounting to 3 hours.

The most likely reason for the decline Baidhani Iqbal sizes or citizens from entering the stock market to buy the idea that the prevalence of fixed asset investment is much better than in the sale and purchase of shares in the stock market, as a result of the weakness of the culture of trading bonds and shares of companies in the stock market.

And currently operates 47 brokerage firm deployed in Baghdad as an intermediary between investors and the stock market where the brokerage firms receiving orders from investors to buy or sell and implemented in the stock market, you can not invest in the stock market only through those financial companies that specializes in the systems of trading in the stock market, and providing consultancy needed to work in the capital market.

And includes the Iraqi market for securities Iraq Stock Exchange, which symbolizes her short ISX, 74 joint stock company listed on the stock exchange sectors is head of banks and industrial services, insurance, agriculture, hotels and communication represented by one company for mobile communications.

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