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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Bourse stopped trading for 32 companies do not disclose their final accounts

    Rocky
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    • Post n°1

    Bourse stopped trading for 32 companies do not disclose their final accounts Empty Bourse stopped trading for 32 companies do not disclose their final accounts

    Post by Rocky Sun Dec 18, 2016 3:55 am

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    Bourse stopped trading for 32 companies do not disclose their final accounts


     Baghdad / term 

    He attributed the Executive Director of the Iraqi market for securities , Taha Ahmed Abdul Salam reasons circulation decline in the market this year, the impact of the difficult economic conditions and exit of some of the shares of companies for failing to comply with the annual financial disclosure, as well as the repercussions of the low bank liquidity in some private banks and the low bank savings levels. 
    Abdul Salam said, " The value of shares traded in the market declined by 38.79 percent in the first nine months of the year compared to the same period last year, while the number of shares traded increased by 16.96 percent." He pointed out that the market value "fell by 9.35 percent between this year and last year, also reduced the value of shares bought by non - Iraqis , as well as their number increased by 0.63 percent, reaching the low value of trades purchased the proportion of non - Iraqi 35.49 percent." 
    Abdul Salam said that "of the leading causes of the economic effects of the instability of the global crude oil prices and its impact on economic activity in the producing countries, including Iraq , in addition to the decline in financial indicators achieved in companies listed on the financial statements and accounts of companies." 
    He pointed out that "Another reason is to stop the 32 joint - stock company shares are traded starting from last August, for failing to comply with the annual financial disclosure and closing accounts, also did not lose sight of the impact of lower bank liquidity in some private banks and find a number of them to meet the banking requirements and low banking savings in trading market, in contrast , has risen in the level of compactness (retention of funds) among citizens and has also had repercussions on the trading transactions. " 
    Salam and declared that " the Iraq Stock Exchange issued a trading online instructions for investors is forbidden without the required formal ratification , " adding that " the service will be launched in the first quarter of 2017". 
     He explained that the market is "defined instructions disclosure required of brokerage firms, and included disclosure of the risks associated with the investment and models to deal with investors ' procedures (Know Your Customer) and commissions Satkadaha mediator, as well as the requirements of investors carried out for the approval of their trading over the Internet." 
    He stressed the economic and academic expert Emad Mohammed al - Ani, that financial reform " an absolute necessity for the localization of capital and attracting private investment , especially those indirect such as stocks and bonds." He believed that it "requires a basic steps , including the development of the securities market in Iraq, their importance in activating the role of the private sector in development." 
    It was announced in a statement that " the government bond market offers the opportunity for monetary authorities to achieve the benefits related to the functions of the activities of these authorities, it is most important that the existence of markets helps to shift towards the use of indirect instruments of monetary policy management, specifically open market operations."

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