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Securities Commission: 10 investment funds present on the Iraqi Stock Exchange
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Economy News - Baghdad
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Added 10/31/2023 - 2:41 PM
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Economy News - Baghdad
The head of the Iraqi Securities Commission, Faisal Al-Haims, revealed that the increase in trading volume in the Iraqi Stock Exchange over the past year amounted to 70%.
Al-Haims said, “There are about 10 investment funds investing in the Iraq Stock Exchange, the largest of which is the Al-Furat Fund, which trades in the range of 250 to 500 million dollars, in addition to small portfolios from Singapore, Japan, and other countries,” indicating that these portfolios want to increase their investment in the Iraq Stock Exchange.
He added, "Investors need the services of the custodian," noting that foreign investors need to change the Iraqi law, which stipulates the percentage of foreign ownership, in order to increase their ownership percentage in listed companies.
He pointed out that there are efforts to increase trading volume from 500 billion dinars annually to more than one trillion dinars.
Al-Haims said, “There are about 10 investment funds investing in the Iraq Stock Exchange, the largest of which is the Al-Furat Fund, which trades in the range of 250 to 500 million dollars, in addition to small portfolios from Singapore, Japan, and other countries,” indicating that these portfolios want to increase their investment in the Iraq Stock Exchange.
He added, "Investors need the services of the custodian," noting that foreign investors need to change the Iraqi law, which stipulates the percentage of foreign ownership, in order to increase their ownership percentage in listed companies.
He pointed out that there are efforts to increase trading volume from 500 billion dinars annually to more than one trillion dinars.
Views 43
Added 10/31/2023 - 2:41 PM
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