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Hue Mi
02-09-2014, 02:10 AM
The Executive Director of the Iraq market for securities of Justice

Technology & regulations and laws in Iraq market for securities of the best (http://www.aladalanews.net/index.php?show=news&action=article&id=115462)
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Justice/Salah Al-Hasani-09/02/2014-2: 26 am | Hits: 30

The Executive Director of the Iraq market for securities market is one of the best markets of neighboring countries through the use of modern technology and the instructions and laws regarding trading

Executive Director in Iraq market for securities, Taha Ahmed Al-Rubaie told the justice that the Iraq market for securities the financial that last year saw a rise in the number of listed shares (3551) trillion arrow (4632) trillion shares.

Rose alkimhalsoket of (5583) trillion payments (11476) trillion dinars are the result of the technology used in the market, laws, procedures and instructions are applied and approved by the Securities Commission and is applied in the market has managed to attract help and e-applications in the electronic filing system correctly, which made it possible to hold 5 meetings per week and transfer paper certificates and cardboards into shares on a For computers and electronic screens, enabling investors to trade the sale and bye and turnover ratio became too high and allowed the market to non-Iraqis from other determinants of this does not exist in some neighboring countries,

some economists call to delete the zeros of the Iraqi dinar spring expressed not in favour of such a decision unless there is a real economic growth through genuine participation of the various economic sectors and the growth of income For the individual to delete the zeros are merely replacing a large amount of other small we emphasize the value of the Iraqi dinar equivalent of exchange for foreign currencies and spring noted that joint-stock companies and especially the mixed sector experiencing some problems relating to the structure and type of employment, experience and outdated production lines in addition to competitive foreign goods for Iraqi goods,

specify the path of investing in such companies and Executive Director Iraq market for securities that companies contribute to the Iraqi economy is still a little later than 125 company 83 listed on Iraq this little country local product is estimated at 100 billion dollars and a growth rate of 9% and especially that most companies and about as the opening of the market in Erbil said the market did not begin its functions so far and a memorandum of understanding was signed with the training and knowledge transfer to intermediaries in the market which will affect positively on strategic movement Emotion in the country,

noting that the Iraq market for securities was established under law No. (74) issued on 18 April 2004 and officially opened on 24 June 2004 the market self-regulatory institution is independent administratively and financially to non-profit and returning malkeit es Sahel for members.

Subject to the control of financial securities and act in accordance with the instructions and rules and instructions (20) in addition to the rules of procedure.

trading mechanisms and saw the instructions and rules two of activity: manual trading period June 2004-April 2009: organized the first trading session in Iraq market for securities of 24 June 2004 manual trading mechanisms and rules and electronic trading period since April 2009 as trading moved 'er The stock exchange effective on Sunday 19/4/2009 to electronic trading for the first time in the history of Iraq and plastic panels replaced with electronic trading workstations at the market and also in the 47 site for broker outside the stock exchange and deliberation over the WAN to locate securities that controls trading.

And also in the governorates of Erbil and Sulaymaniyah in the branches of a spring for mediation in securities and the number of five meetings per week trading sessions as of 1/11/2009, according to electronic trading system Horizon became the transfer takes place on the same day according to the Equator and financial settlements made after meeting directly T + 0. (I.e. the financial settlement, stock in the same day) reflected on the evolution of positive trading indicators change since 2009 by the speed of rotation of stocks in accordance with the appellations of the economic market.

Rubaie said the number of companies listed on the market (83), (73) listed on the formal market in accordance with the instructions (6) and (10) companies listed on the second market in accordance with the instructions (15). One of the most important indicators of 2013 Regulation (231) trading session in 2013 at a rate of five meetings per week in accordance with the annual plan and the number of shares traded (875569) billion.

the value of shares traded (2845) trillion dinars had been implemented (126904) trade deal and the number of listed shares (3551) trillion arrow (4632) trillion shares in 2013.

Rose alkimhalsoket of (5583) trillion payments (11476) trillion dinars. in addition to the launch of a new record (index) ISX Price Index 37 as of February 2013 adopted excluding write-offs and weak trading companies that were in the previous sample and add a new company representing Telecom. and value of the indicator at the base of 100 points.

And the index closed at the end of the month (120) points and the value at the last meeting of the year 2013 (113, 15) points.

This means decrease of agriculture value at the end of the year on his debut by percentage (8%). at the time of the number of listed shares (30%).

Pursuant to the procedures for trading shares of Asia torrent approved by the Securities Commission and the communications and Media Commission was deliberating on the company in a session Sunday 3 February 2013.

The circulation (67503) billion shares worth (1485) trillion dinars (2900). It is the first telecommunications company gets listed on the market