Workshop discusses investment in securities attract
[rtl] BAGHDAD - Mostafa Hashemi
place Iraq Stock Exchange early preparations to hold a workshop expanded to discuss opportunities to enhance attracting investment in securities in the twenty - third of next July.
A source in the market , in a statement
«morning» that the workshop will be held under the slogan « the role of the rules ofcorporate governance contribute and disclosure to attract and promote investment and trading securities »companies, and is scheduled to witness the presence of the interaction of a number of sectoral agencies, academics , economists and specialists in Iraqi universities, along with economic organizations and those interested in economic affairs, especially after a formal invitation to them.
the source confirmed that the workshop comes within Iraq Stock Exchange plan to deploy investment attraction factors his culture, explaining that the workshop will discuss the two axes first looking importance of issuing the rules of corporate governance of joint stock companies and their role in investment securities attraction, adding that the second axis will discuss the annual disclosure of corporate indicators.
the Iraq Stock Exchange may organized in the twenty - third of April , a workshop under the title «electronic trading role and rules Iraq Stock Exchange in stimulating investment».
and issued several recommendations of the workshop stressed the importance ofactivating the role of corporate governance by all the relevant listed companies and save small investors rights bodies, and the importance of activating the supervisory role of themarket and not to be the recipient of irregularities but the initiator of the disclosed and do not let happen again, as well as greater transparency for the market indices to reflect thereal situation on the size of the sharp decline in prices and accurately to index the daily market.
The recommendations called to stop working to allow brokerage firms to invest 65 percent of its capital in the Iraq Stock Exchange and determine the median sales operations and sell to investors exclusively the role, and the granting of financial investment companies to trade their shares or equity portfolios managed directly by giving them a limited circulation of leave as a reasonable and acceptable license fee.
and showed the need to reconsider in the proportion of the foreign investor 'scontribution in listed and that the companies do not remain open without any limitation as is the case in the money markets of neighboring countries, stressing at the same time the need to amend the companies Act to allow companies to buy its shares listed on themarket and covered by the accumulated surplus or funding them and then sell when conditions improve note that exists in several countries. It showed that this method contribute to raise prices and give confidence to investors and absorption quotient ofinflation in some of the companies' capital. [/rtl]
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