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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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    Flight of investors in the stock market because of Iraqi "bad" security situation

    Rocky
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    • Post n°1

    Flight of investors in the stock market because of Iraqi "bad" security situation Empty Flight of investors in the stock market because of Iraqi "bad" security situation

    Post by Rocky Mon 12 Aug 2013, 11:25 am

    Flight of investors in the stock market because of Iraqi "bad" security situation

    Ali Salman - 08/12/2013 - 8:27 p |

    Iraqi Central Bank announced, the low number of non-Iraqi dealers in the form of a remarkable in the stock market, observers attributed this to the "deterioration of the security situation."

    He pointed out in a statement to the "low trading volume (non-Iraqi) to the banking sector (buying and selling) to 2.2 billion dinars ($ 1.9 million) by 66% over the same period of 2012, amounting to 6.4 billion dinars," and pointed out that "foreign investment in Iraqi market for securities amounted to 949 billion dinars ($ 700 million) this year, compared with 6.4 billion in the first quarter of last year. "

    The central bank statement, that "58 hearing in the first quarter of the current year, where the banking sector occupied the first place, as the number of shares traded for economic sectors to participate in the stock market 321.1 billion, the share of the banking sector, including 228.8 billion." He explained that "the unrealized increase in the number shares traded compared Barabaan of the first and last quarter of 2012 amounted to 148 percent, since the number was 92.3 billion shares in the banking sectors."

    He reported that the volume of economic sectors "record 2034 billion dinars ($ 1.8 billion), of which 287 billion for the banking sector, an increase of 95 percent in less than a year, while the number of shares of the banking sector to 3112 billion, with a market capitalization amounted to 4571 billion dinars."

    He said academic Iraqi specialist capital markets Mahdi Hussein in a statement to "life": "The cause of decline in the volume of investment in the stock exchange to non-Iraqis clear, and the security situation, which deteriorated during the year, and this affects a large extent on the size of the demand."

    He pointed out that the Iraqi Capital Market Law, gave many guarantees for Arab and foreign investors which is capable of protecting the heads of his money whether the shares or cash.

    He stressed that the market "really succeeded and after the application of electronic trading, in attracting investors from outside the borders, and we hope to increase their number but security conditions prevent it."

    Hussein described the Iraqi market as "promising", especially after entering the cell phone companies a quarter of the size of its investments in Iraq as the shares traded in the market. He considered it "big companies are able to attract investors from abroad."

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