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Securities confirms high indicators and experts reveal falling shares and urge saving banks

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The workshop established by the securities market on the occasion of the seventh anniversary of electronic trading, at Baghdad, the center of the capital, on Saturday (April 23, 2016).

Securities confirms high indicators and experts reveal falling shares and urge saving banks

Author: ASJ, HH
Editor: HH
2016/06/23 18:12
Hits: 1003
Range/Baghdad

Confirmed Iraq market for securities, on Saturday, the indicators for the first three months of this year, "positive" compared with last year 2015, she speculated that contributes to the adoption of remote trading system by increasing the number of investors, with experts revealed about falling stock prices and trading activity because of the repercussions of the economic situation and the lack of adoption of the law of the market, called on citizens to deposit their money in banks to activate as well as the market they constitute half of the shareholders."

This came during a workshop hosted by the stock market on the occasion of the seventh anniversary of electronic trading, under the title (the role of electronic trading and rules Iraq market for securities in the revitalization of the economy), in Baghdad, the center of the capital, and attended (range).

Executive Director of market Taha Ahmed Abdul Salam, told the (range), that "the workshop discussed how to support companies through legal procedures that encourage investment, promote almzakhrin to contribute to the development of companies and capital increase in GDP", stating that

"the market will launch a trading system for investors and establish new joint stock companies".

Abdel Salam added that the online trading move the Iraqi market for securities of paperwork which impeded the work of the shareholders and investors to use computer software and digital systems that would expedite the trading process and facilitate the investment process," Noting that

"the available indicators during the first three months of the year 2016, the current positive compared with those from 2015, despite the constraints and problems facing the market and companies producing stock."

In turn, a conservative Councilor in the Iraq market for securities firm, RMR (term), "highlighted the stock market currently is draft teleconference which aspires to accomplish the end of the year 2016", usually "project allows investor trading directly with the market in a rapid deployment inside and outside Iraq."

Firm, speculated that "increasing trading after investors in Iraq market for securities, which more than 25,000 people, it allows them to manage their shares themselves," curious "highlighted the problems facing the stock market is not to adopt their own code despite raised since 2008, includes a lot of facilities that treat routine."

The Director said the electronic systems in Iraq market for securities, Younis, told the (term), "systems on the market in line with international standards and are certified in several States in the world is 100 percent secure," returned to "use such systems for market credibility and gave her the confidence of foreign investors has led to an increase in the number of investors".

He added, "the market is focusing on the increased market confidence through the material base of sientific technology stock using modern systems and set up a sophisticated data base and flexible site management allows market elsewhere in the event of any malfunction or emergency".

Economic Adviser, said Samir nasiri told the (range) that "Iraq market for securities (stock) experiencing problems with falling stock prices and weekly and monthly trading", "cause upheavals in economic conditions experienced by Iraq and the financial crisis that led to the recession affected tourism sectoral and industrial corporations and banking sector."

Meanwhile economic academic Abdul Karim Mahmoud, told the (term), "restructuring Iraqi banks and consolidate efforts to activate the Iraq market for securities", calling on citizens to "save their money in banks to revitalize its work reflected positively on the economic situation and increasing the effectiveness of the Iraq market for securities.

Mahmoud stressed that there is "98 stock company in Iraq represent structural work of the securities market, including 44 banks", pointing out that "banks stopped working stopped means that 50 percent of companies in Iraq market for securities.

And Iraq market for securities with the Central Bank of Iraq, (April 4th to 2016), mechanism of government bonds in the Iraqi stock exchange, stressing the formation of committees to follow up the matter.

Recall that the Iraq market for securities, in (April 2016), determination system of trading after the end of the year 2016, returned that would contribute to "activate" and "pull" and "simplify" action.

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