Ali Aldhargam - 27/01/2012 PM - 8:29 p.m. | Hits: 73
The whole number of analysts on the bourse that the degree of disclosure and transparency enjoyed by the banks of Iraq and behind the dominance of the banking sector on the daily trading of the shares in the Iraqi market for securities, stressing at the same time that the market is young compared to stock other world, especially the regional neighboring countries.
He said economic analyst concerned the affairs of stock Mohammed Saleh Chandler (Rn) that disclosure of the Iraqi banks were behind the progress of the banking sector in the trading market, Iraq Stock Exchange, "noting that" trading on any exchange in the world depends on the (information) that encourage the public to trade and help investors to make investment decisions according to Bmujbhowleys Kalaalanat emergency information and rumors and leaks. "
Chandler said that "the banking sector in Iraq and a decade ago, published its financial statements on a quarterly basis and periodically continuous."
The flow of information is necessary to the success of the crisis in the stock trading in the securities markets.
Chandler said that "the increase of capital in banks, which reflected a positive constant on the strength and durability of the joint stock companies trading in the stock market, and enhance the confidence of traders in stocks."
It is said that the Iraqi Central Bank issued a decision in the ongoing amendments to the Rules of the regulatory capital of banks to raise 50 billion to 250 billion dinars Danarkhalal three years.
Chandler pointed out that the deterioration of the performance of the agricultural companies and other industrial create a big difference between them and the stock trades in the stock market for the banks, which usually scored, annual profits is reflected directly on the stock prices.
Chandler said that the performance of the Iraqi market for securities is weak compared to the money markets in neighboring countries, regional and other countries of the world.
For his part, chairman of the Securities Abdul Razzaq al-Saadi (Rn): the cause of issue of the banking sector to other sectors in the trading market, Iraq Stock Exchange due to the need for the investor of permanent financial return, as he wanted to find in the banks that provide financial returns that perpetuate the momentum of investment.
And Saadi said, "Although M. Banks issued permanent trading in the stock market, however, some sectors have developed is the other, but at rates limited, especially in the hotel industry, transport, some industrial companies.
Attributed to the high-Khalidi, a banking expert provide the banking sector and other sectors to trade within the stock market to the degree of disclosure and transparency, which is characterized by the Iraqi banks.
He said al-Khalidi (Rn) that "banks dominate the gain of 70 to 80% of the trading market, Iraq Stock Exchange, because of the factor disclosure, which refers to the commitment of Iraqi banks to the principles of corporate governance and dissemination of data in a transparent and clear, which led to the public's demand, shareholders and traders to buy and the sale of shares in the market. "
Khalidi added that "the annual profit earned by banks reflected positively on the trading profits and shareholders' preference, which indicates the work of banks compared to other companies in the stock market."
Khalidi said that "cite Iraq Stock Exchange is young compared to the money markets in the countries of the world because of lack of linking to other world markets," noting that "the linking process creates the possibility of exchange and trading of shares outside of Iraq."
Khalidi pointed out that "the Stock Exchange share prices are still low and below the level of ambition."
In turn, attributed to banking expert Zarzis sentenced dominance of the banking sector on trading in the stock market to the large number of shareholders in the banks, which represent the largest number of occupants in the shares of Aalborsh.
Between Zarzis "The bank stocks are guaranteed more than others because it's safe now effectively in the market as well as the ability to achieve Atrabah annual distribution to shareholders.
And established a stock exchange in Iraq in 1992 under the name of (Baghdad Stock Exchange), and a trading halt in 2003, and was again after the passage of the Law the former civilian governor of Iraq (Paul Bremer), with a number 74 of 2004, and temporarily for a period of one year under the name of (the Iraqi market for securities of Finance.
And prepared the Securities Commission (the government agency oversight on the work of the Iraqi market for securities) draft a new law to the Cabinet two years ago, but did not recognize until now.
The market is currently held five sessions weekly, and entered the electronic trading in 2010 with the participation of a number of foreign investors.
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