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Iraq tops the list of Arab financial markets trading
16/07/2011 17:29
Baghdad, July 16 (Rn) - Securities Commission said Saturday that Iraq's progress on the countries of the region the size of financial trading by 70%.
The Iraqi government recently agreed with the Bank (HHPT), which is spread throughout the countries of the world to develop the Iraqi market for financial Orac.
The head of the Abd al-Razzaq al-Saadi told the Kurdish news agency (Rn) that "Iraq traded funds issued by 70% compared with the countries of the region," indicating that "trading volume during the last three months amounted to some 274 billion Iraqi dinars."
He added that "the Iraqi market for financial funds managed to acquire the trust of others because of their reliance on the legal disclosure controls assets of the companies."
Saadi continued that "the movement of the Iraqi market for securities rise the higher the volume of investment projects in the country and expanded financial transactions between the Iraqi market and world markets through banks."
"The market for securities Iraq works to expand foreign capital, which amounted to 15% of the total trading year to expand the financial activities in the foreign country, which will support the market in the securities and correlates with the global markets."
And started the Iraq Stock Exchange initial preparations for membership of the global market for securities, also announced the start electronic filing of the investment companies of foreign and domestic, instead of filing paperwork.
The Iraq Stock Exchange has started operation in 2004, shifted from manual trading to the use of e-dealing screens in 2009 and opened for trading two hours a day five days a week.
The banking sector is the largest in the exchange, which also includes the shares of industrial companies, insurance companies, hotels and agricultural companies.
The total value of shares listed on the Stock Exchange about three billion dollars.
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16/07/2011 17:29
Baghdad, July 16 (Rn) - Securities Commission said Saturday that Iraq's progress on the countries of the region the size of financial trading by 70%.
The Iraqi government recently agreed with the Bank (HHPT), which is spread throughout the countries of the world to develop the Iraqi market for financial Orac.
The head of the Abd al-Razzaq al-Saadi told the Kurdish news agency (Rn) that "Iraq traded funds issued by 70% compared with the countries of the region," indicating that "trading volume during the last three months amounted to some 274 billion Iraqi dinars."
He added that "the Iraqi market for financial funds managed to acquire the trust of others because of their reliance on the legal disclosure controls assets of the companies."
Saadi continued that "the movement of the Iraqi market for securities rise the higher the volume of investment projects in the country and expanded financial transactions between the Iraqi market and world markets through banks."
"The market for securities Iraq works to expand foreign capital, which amounted to 15% of the total trading year to expand the financial activities in the foreign country, which will support the market in the securities and correlates with the global markets."
And started the Iraq Stock Exchange initial preparations for membership of the global market for securities, also announced the start electronic filing of the investment companies of foreign and domestic, instead of filing paperwork.
The Iraq Stock Exchange has started operation in 2004, shifted from manual trading to the use of e-dealing screens in 2009 and opened for trading two hours a day five days a week.
The banking sector is the largest in the exchange, which also includes the shares of industrial companies, insurance companies, hotels and agricultural companies.
The total value of shares listed on the Stock Exchange about three billion dollars.
[You must be registered and logged in to see this link.]
