The indicators of securities trading from the point of view of financial markets, success or decline in the foundations of capital formation within the mechanisms of market economy. If the financial markets within the mechanisms of transfer of ownership only, this helps to build and continue growth of the capital market, if markets are active in strengthening the mechanisms of building Capital contributes significantly to economic growth through attracting and directing working capital towards competitive projects that operate at lower cost and economic benefit.
Within the global classification, the markets move from the frontier market to Emerging market after achieving the main factors including market liquidity, free market capitalization, turnover rate
Through the indicators achieved, the Iraqi market for securities is still a developing market and did not reach the level of the emerging market as the economic environment needs to strengthen the legal factors aimed at deregulating investments and enhancing the attractions of national savings and stimulate foreign investment. They are achievable factors
1. Issuing the procedures for implementing Article 55 / IV of the Companies Law, which allows the offering of shares of companies for sale to cover the capital increase through the Iraqi Stock Exchange, through the adoption of the IPO mechanism.
The IPO allows for effective capital building through daily marketing according to the economic feasibility study through the stock market, brokerage and trading companies
2. Developing the legal climate in the capital market, including attracting foreign investment from
Issuing the instructions of international depository certificates and allowing the circulation of Iraqi securities on the London Stock Exchange and the NASDAQ market
B) Issuing short or margin trading instructions that allow the expansion of the market through the borrowing of securities between
3 - Issuing the Capital Market Law in Iraq or the Investment in Securities Law in accordance with international standards to achieve the factors of transition to a market economy in order to allow the use of the rules of public offering, privatization of companies, listing the shares of foreign companies, especially those that obtain contracts in Iraqi projects,
Buy companies listed as a percentage of their capital when their market prices fall due to non-economic factors and other international rules that stimulate and attract investment.
4 - Allow the transfer of financial investment companies to investment funds according to structural indicators that increase the ability of investment capital of the company and the investors' portfolios and enable them to play the role of market maker and the replacement of the budget in the trading entry purchase at the low prices and selling at
Taha Ahmed Abdel Salam
Executive manager /
Iraq Stock Exchange
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