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Indicators of the effectiveness of foreign exchange in the stock exchange

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Indicators of the effectiveness of foreign exchange in the stock exchange

07/4/2018 12:00 am

In a report prepared by the Securities Commission

Baghdad / Al-Sabah

The Securities Commission issued a report on the circulation of non-Iraqi investors in the stock exchange for the year 2017, indicating the volume of trading in shares (buying and selling) as well as the size and value of net foreign investment in the Iraqi market for securities.

According to the report, which was seen by "morning" it is clear from the information that non-Iraqis began trading in Iraqi securities and increasingly since 2009, especially after the issuance of instructions to the circulation of non-Iraqis in the Iraqi market for securities. Where the annual rate of net investment - foreign 29 million dinars for the period from 2014 to 2017.

Non-Iraqi trade

"The year 2017 saw a decrease in the value of purchases of non-Iraqis compared to 2016.

Non-Iraqi purchases in 2017 amounted to about 41480 million dinars compared to non-Iraqi purchases in 2016, which amounted to about 53853 million dinars, a decrease of 93% The year 2017 witnessed an increase in the value of non-Iraqi sales by 2016.

Non-Iraqi sales in 2017 amounted to 46569.1 million dinars, while sales for 2016 amounted to 38 million and 126 thousand dinars, a rise of 22.1 percent.

Net foreign investment

Net foreign investment for 2017 witnessed a decline compared to 2016, with net foreign investment for the year reaching KD 5089.1 million; net foreign investment for 2016 reached KD 15708.1 million.

The volume of net foreign investment in 2017 - according to the report - a decline in the number of shares traded from the previous year where the net foreign investment for 2017 amounted to about 13,573.9 million shares and net foreign investment for the year 2016 about 15505.5 million shares.

Total shares traded

The year 2017 saw a decline in the number of shares purchased by non-Iraqis for the year 2016, where the number of shares purchased last year was 59406.5 million shares,

while the number of shares bought in 2016 about 74919 million shares and -20.7 percent.

Last year saw a decline in the number of shares sold by non-non-Iraqi investors for the year 2016, where the number of shares sold by non-Iraqis in 2017, about 45832.6 million shares, while the number of shares sold in 2016 compared to 59413.9 million shares and by (22.9).

The report concluded by stressing that the Authority has sought since the establishment and so far to promote the securities sector in all its aspects to keep pace with the level of the developed world, taking advantage of all aspects of the legislation to provide opportunities for development;

explaining that the Commission issued in 2007 instructions allowing the circulation of non-Iraqis in the Iraqi stock markets,

And made sure that the instructions are smooth and serve the national economy.

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