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Drop in circulation in the Iraqi Stock Exchange share prices during the current month

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Rocky


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Drop in circulation in the Iraqi Stock Exchange share prices during the current month





07:20:21 2015-11-22 |


(Voice of Iraq) - Agencies Iraq Stock Exchange revealed, a decrease of shares traded prices during this November month, confirmed that the shares of banking companies were "most affected", as called for non-deduction of fines imposed on the banks of its revenues, since part of it is an unexpected profit for the shareholders. The Executive Director of the market, Taha Ahmed Abdul Salam said in a statement that "the available indicators point to lower stock traded prices during November current 2015", noting that "the value of the index fell from 781 points in October last close, to 655 points at the close of Wednesday session. "He said Abdul Salam, that" the hardest hit stocks in decline are those private banking companies, "attributing the reason to" decline of the Iraqi economy indicators, global oil prices, as well as the weakness of bank liquidity movement, the lower the confidence of depositors The fines imposed on the banks by the Central Bank of Iraq, as a result of irregularities during the last two years. "The view of the Executive Director of the market, that" the fines imposed on banks, should not be deducted from revenues, because part of it is the unexpected dividend for shareholders, "calling to" carve out Fines of those that have not provided adequate matching and regulated by the Central Bank of Iraq and documents. "Add comment




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