Iraq Stock Exchange trading attributes the decline to the "economic impacts and exit of some stocks."
Baghdad / Acer Jabbar
the executive director of the market (Taha Ahmed Abdul Salam) in an interview to the (long - Presse), " theIraq stock Exchange recorded a decline in the value of shares traded since the beginning of this year until theend of September compared to last year, the same duration where the decline amounted to 38.79%, while the record number of shares traded rose to 30 from September 2016 as compared to 2015 increased by 16.96%. "
said Abdul Salam that the " market value recorded a decrease between 2016 and 2015 by as much as 9.35%, and also the value and number of shares bought recorded Iraqis is a drop where the percentage reduction of the number of shares purchased for non - Iraqis , since the beginning of this year until last September and compared to last year same duration, 0.63% , "noting that" trades purchased the value of non - Iraqis registered a decline of 35.49%. "
and on the factors affecting stock prices traded Abdul Salam explained that " the most prominent of these indicators are the economic effects of the instability of world crude prices and its impact on overall economic activity in the oil - producing countries, as was the low financial indicators achieved the shareholding companies listed on the statements of financial accounts."
he continued , executive director of the market that " other effects are suspended trading of shares of 32 joint - stock company , from August 2016 because of its commitment to provide annual financial disclosure and final accounts, as well as not to re - stock the Baghdad company for soft drinks and Gulf Bank to trading in the market because of lack of ratification of the decision of the General Authority for these two the two companies included a state merger in Baghdad gas company and the presence of a dividend ratio is uncertain in the Gulf Bank of the company. "
he stressed Abdul Salam that" the decline in bank liquidity levels in some private banks and find a number ofthem to meet the banking requirements and low banking savings levels had an impact on market transactions on the other hand the high level of compactness of citizens also have repercussions on the trading transactions. "
the Iraq stock Exchange, it announced on Wednesday (5 October 2016), recording a significant decrease in the number and value of shares traded during the month of September, compared to the month of August atrates change in the index amounted to more than 70%.