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Hue Mi
12-05-2013, 06:41 AM
Invitation to encourage exchange bond market (http://www.alsabaah.iq/ArticleShow.aspx?ID=59639)

05/12/13 12: 00 am
Baghdad-Hussein thghb Al-Tamimi

The Economist said Hassib Kazem Iraq market for securities needs continued support noting it represented the most important sources of funding for the medium-and long-term funds.

He said in an interview for "morning" notes that the banking sector has the greatest weight in market activity in terms of both the number of traded shares, trading volume at the level of the amounts traded daily, thus requires the support of this sector by supporting the value of stocks and find ways to ensure no deterioration of the prices, through the stop for a specific phase of the establishment of new banks, and not to force it in the next phase to increase the capital hopes to more than 250 billion dollars, as it directly affects the value of the shares.

Should be not only equity trading only requires action to promote the bond market as well as the second corner after shares in securities, as well as allowing banks to issue certificates of deposit of medium and long term, which for 5 years and 10 years, issued by banks to certain benefit is being extinguished by the dates of assignment.

He noted that banks in particular investment, including market makers, are yet to be able to invest their energies in financing important projects walstratiget or in companies which own or manage those Projects, such as factories producing sugar, paper, cement, electrical appliances and other companies that make food, and tackle the Iraqi market goods and shoddy goods.

He pointed out the need to pay attention to investment funds which are important sources of funding, which would expedite the promulgation of appropriate legislation is forthcoming in the Iraqi economy

Stressing the support services that could be performed by the banks portfolio administration and custodian services.