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The qualifications of the stock market makes it close to the centers of the lead

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dealerdean


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Efforts to revitalize the role of the financial sector in the development
BAGHDAD - Hussein al-Tamimi Tgb
discussed a specialized seminar hosted by the Board of Governors of the Iraqi market for securities investment in the development of the mechanics of the capital market in Iraq. addressed the seminar which was attended by the President of the Securities Commission d. Abdul Razzaq al-Saadi, and representatives from private banks and the Iraqi market for securities axes is very important to move and activate and develop my performance of banks and the stock market as key partners in demonstrating the strength of the Iraqi economy, notably the custodian and investment portfolios and clearing.
Chairman of the Board of Governors of the Iraqi market for securities Ali Jalil Obeid said that the seminar dealt with several axes represent the foundation stone for the work of the Iraqi Stock Exchange, where we work to activate dialogue with specialists who represent Iraqi banks and specialists affairs, finance and banking. custodian pointed slaves in an interview for the "morning" that the symposium addressed several issues in the forefront of providing service custodian by banks Iraqi, and attached service financial settlement Securities (clearing) of the Iraqi market for securities, as well as the establishment of investment portfolios for the local banks, and the requirements of the inclusion of banks not included in the market and the importance of inclusion, pointing out that the seminar also dealt operations to increase capital by underwriting and retrieval excess amounts reported. activating the investment either head of the Securities d. Abdul Razzaq al-Saadi has stressed in his intervention on the importance of working towards activating investment in the Iraqi market for securities and importance in the development of the work of the local bourse, which has achieved great successes in the past period, where we were able to adopt sophisticated systems to manage the joints of trading, who moved from the stages of trading traditional to stages of electronic trading, pointing out that the investor he could see the shares through modern technology and the adoption of the buying and selling through them. distribution of clearing and noted al-Saadi to the importance of the distribution of the clearing between local banks, indicating the importance of the announcement of the mechanics of hiring from now, and we turn it into the distribution of benefits to the largest a number of banks, where they can choose the banks that have sophisticated systems to help them manage the process of clearing. returned slaves to confirm that it is the terms of the adoption of the Custodian to take over a bank portfolio management to meet the wages also acknowledged in the law, and carried out by a local bank or branch of a foreign bank, urging local banks to go to the adoption of this system, which raises confidence that the bank adopted. Indicating that the custodian is the third episode complementary to the work of the Iraqi market for securities after the EGX and filing status. , and pointed out that the efforts of the Securities focused towards activating this service advanced chime and the process of investing in the market, especially as the system custodian is present in most countries of the world regional and Europe and America. investment portfolios Obeid also covered detailed investment portfolios that are owned by the Bank of schedule and her role in the investment process, but in our banks are weak, which needs to be activated to be supportive of the economy, stressing the importance of the start of banks now in building investment portfolios. eating slaves plans implemented for the current year to 12 December of this, which included organizing (223) trading session on the Stock Exchange and by five sessions per day and number of shares traded (867) billion shares with a total value amounted to (2.Cool trillion dinars, pointing out that the number of shares listed ( 4.5) trillion shares after increases in capital occurring this year. plans implemented and explained, saying that the plans are implemented touched on the processes disclosed by the rules for transactions and the dissemination of corporate news and the decisions of public bodies and to stop the launch of trading of shares of listed companies, and the inclusion of new shares after the issuance of authentication Amendment of the companies, as well as the daily control on the implementation of the rules of electronic trading and surveillance patrol on the activity of brokerage firms, were also suspended trading of shares of companies non-compliant with the regulations of disclosure and re-shares of companies that meet the disclosure requirements if the submission of annual data and quarterly for the body. extensive discussions were held during the symposium extensive discussions by the participants and observations worthwhile aimed at developing the performance of the financial sector Baraknyh banks and the stock exchange, as well as the submission of proposals to support the mature market of Governors of the program aimed to push forward stock levels to live up to the standards of international stock markets.

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