The Stock Exchange to "Al-Eqtisadiah News": Foreign investors accounted for 10% of 2020 trading
The Executive Director of the Stock Exchange, Taha Ahmed Abdel Salam. "Economy News"
Economy News - Baghdad
The Stock Exchange announced, on Tuesday, that during the past year, foreign investors acquired 10% of its trading volume.
The Executive Director of the Stock Exchange, Taha Ahmed Abdel Salam, said in an interview with "Al-Eqtisad News", to be published later, that "the changes that the world witnessed during the year 2020 greatly affected the activity of the market and shareholders."
Abdel Salam added that "some companies listed on the stock exchange invested the partial ban period in completing their requirements related to the quarterly and annual reports," noting that
"the stock exchange includes companies from various agricultural, industrial, banking and other sectors."
He revealed that “17% of the shares deposited in the stock’s depository center belong to foreign investors,” noting that
“foreign investors accounted for 10% of the trades that took place during 2020, which is a very acceptable percentage for us.”
The CEO emphasized that the biggest challenge facing the Stock Exchange in 2021 is to develop instructions and regulations for trading to attract new investors and shareholders and encourage unlisted companies to list on the stock exchange.
He added, "We are working on amending the Companies Law, especially with regard to supporting small shareholders and strengthening their position in making critical decisions."
Number of observations 58 Date added 01/12/2021