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Thread: Iraqi Stock market confirms the high proportion of trading shares 04-02-2015

  1. #1
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    Thumbs up Iraqi Stock market confirms the high proportion of trading shares 04-02-2015

    April 2, 2015

    Iraqi Stock market confirms the high proportion of trading shares to 93 percent during the month of March Iraq Stock Market confirmed on Thursday that trading stock indices rose by 93 percent during March last compared to last Bashbat, while between the amounts rose are the other 38 to 62 billion dinars, during the same period, attributed to disclose to contribute their data to companies Finance. The Executive Director of the market, Taha Ahmed Abdul Salam, in a press statement seen by “time”,

    “The Iraq Stock Exchange hold 23 trading through March 2015″ session, pointing out that such “sessions saw shares of 71 of the 89 company listed company on the market. ” said Abdul Salam, that “the number of shares traded at those meetings amounted to 81 billion an increase of 93 percent compared to last Bashbat, who was Daul 42 billion shares through it,” noting that “the value of shares traded increased from 38 billion dinars in February the past, to 62 billion during March last, an increase of 63 percent. ” explained Executive Director of the Iraqi market for securities, the “market value (Market Capitalization) rose from seven trillion and 679 billion dinars during last February,
    to nine trillion and 146 billion during March last , thus achieving an increase of 19 percent, “pointing out that” the market index ISX60 closed in March last, at 905.32 points,recording an increase of 3 and a half percent from its value last February of $ 874.32. ” felt Abdul Salam, that “the most important factors affecting positively in the prices of shares traded in the market index, is a joint-stock companies to disclose their financial statements, as in (the 31st of December 2014 the past), showing the results of its operations during the past year, and achieved what Stozaah profits to shareholders, within the legal period, which extends to the end of May 2015, “returned to the” Move buying shares of those companies, especially in the banking sector, which enjoys including representing 89 percent of the total shares listed on the market demands.

    ” And on the size of the non-Iraqi trading in the market indicators, said its chief executive, said: ” The number of shares bought by non-Iraqis, through March last, reached 32 billion worth of 23 billion dinars, an increase of 25.3 percent compared to last Bashbat “, and added that” the number of non-Iraqis, have sold 40 billion shares in March last, worth 26 billion dinars, an increase of 43 percent from a check last February. ”

  2. #2
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    Market cap and market value are different things. They're going to have to be more clear about this.
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  3. #3
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    The capitalization of the market was reported at 9.5b US last May, so not much has changed here.
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  4. #4
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    I would expect volume increase when a significant number of people are selling to get out of it. The volume increase is not in our favor gang. Market is so bad the ISX had to find a new index formula just to raise the number.
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