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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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Trading volume decreased by 67% in the Iraqi Stock Exchange during the month of July

rocky
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Trading volume decreased by 67% in the Iraqi Stock Exchange during the month of July Empty Trading volume decreased by 67% in the Iraqi Stock Exchange during the month of July

Post by rocky Tue Aug 16, 2022 6:02 am

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[size=52]Trading volume decreased by 67% in the Iraqi Stock Exchange during the month of July[/size]

[size=45]Baghdad, Iraq. August 15, 2022.[/size]
[size=45]Political events in Iraq with the faltering of government formation four months after the parliamentary elections contributed to a challenge for the stock market in the Iraqi financial market, as trading volumes decreased by 67% for the month of July.[/size]
[size=45]According to Tugba Tan Karakaya, an analyst in the research department at Rabie Securities: “With the Eid al-Adha holiday and the current political crisis, and the protests in Iraq, it is no wonder that we are witnessing a weakness in trading volumes, as investors wait to see what these accumulations will lead to and the solution in the end. Ultimately, it may take a few weeks to figure out which direction Iraq is headed. Despite this bleak picture, we saw an increase in foreign exchange of 16.6% in July compared to the previous month.”[/size]
[size=45]The figures indicate that 35.5% of the trading volume was related to the banking sector, followed by the telecommunications sector with 18.7%, and then the industry sector with 17.0% of the total trading.[/size]
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