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BatmaninIraq
11-08-2016, 08:34 AM
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Rise in the number of shares traded for the month of October by more than 100%

11-08-2016

Iraq Stock Exchange confirmed on Monday that the number of shares traded for themonth of October have risen by more than 100 percent over a month last September, while the number of shares traded reached (53.484) billion shares, valued at (29.648) billion dinars.

the executive director of the market , Taha Ahmed Abdul Salam said in an interview (to the extent Press), that " the Iraq Stock Exchange systems in October 2016 (20) trading session, as the number of traded shares in the market companies of (55) while the total number of companies have not been trading its shares (21) company for not offer compatibility with the demand, bringing the number of stalled companies from trading for the issuance of decisions of the Securities Commission to stop trading on its shares (19) company. "

he stressed Abdul Salam that" the number of shares traded for the month of October has was (53.484) billion shares, while the value of shares traded for the same month (29.648) billion dinars. "

explained Abdel - Salam said" the banking sector is still the largest circulation in the market sectors in terms of the number of listed shares by (67%) of the total market does not still it represents the biggest turnover of shares (0. although the telecoms sector is the second largest sector in terms of listed stocks increased by 22% , but the stock rotation in which the rate is still weak (0.004). "

he pointed Abdul Salam that" the number of shares traded during the month of October have risen by morethan 100% compared to the previous month due to the rise in the number of companies traded at 10% and the launch of trading in the current month on a number of stalled companies because of the lack of disclosure which is characterized by high stock turnover rate them. "

He said Abdul Salam that" the number executed transactions are the other rose more than 100% and thefailure to adopt trading indicators on the big deals, as well as higher market price index of shares traded increased by 7.7%, not to mention high "value of shares traded for the reasons above combined by more than 100%."

and purchased shares of non - Iraqis between Abdul Salam that " the number of shares bought non - Iraqis have reached (160.878) million shares were traded through (233) buyout, valued at (529.473) million shares (22) listed company."

the sold shares of non - Iraqis Abdul Salam said that it "was (973.879) million shares were traded through 245 transactions sale, amounting to (709.803) million shares (12) listed company."

for ISX60 market index closed at the end of October 2016 month the (604.500) points , up by (7.75%) compared to its value to close the month of September amounting to (561.010 points).