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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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    Investors Association: Foreign investors are now selling their shares from Iraqi companies

    Rocky
    Rocky
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    companies - Investors Association: Foreign investors are now selling their shares from Iraqi companies Empty Investors Association: Foreign investors are now selling their shares from Iraqi companies

    Post by Rocky Wed 29 Mar 2023, 5:25 am

    Investors Association: Foreign investors are now selling their shares from Iraqi companies

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    stock market



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    The head of the Investors Association, Alaa al-Moussawi, confirmed that foreign investors are now selling their shares of Iraqi companies on the stock exchange, to take advantage of the dollar price difference.
    Al-Moussawi told "Al-Iqtisad News" that "the reform package launched by the Central Bank allowed foreign investors to transfer their money after selling it from joint-stock companies, at the official price of 1320 dinars, which makes profits of 11%, in addition to changing the exchange rate, making the dinar stronger than before.
    He added that the Iraqi Stock Exchange is currently witnessing reluctance by foreign and local investors, and the trend towards investing in forex and commodities such as gold, oil and others, which achieve good returns, especially since a number of banks have established platforms for trading in the shares of international companies, after they were prohibited in previous years.
    Al-Moussawi pointed out that the quantities of stocks currently offered on the stock exchange do not match the large quantities of demand, which made the stocks continue to decline.
    And he indicated that brokerage firms have established electronic trading platforms, and these will encourage young people to buy and sell without attending the market, pointing out that the drop in the price of the Baghdad invasive company's share is due to the sale of one of the foreign investors' shares.


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