Stock market: companies' capital increase to more than 8 trillion dinars

BAGHDAD / Karim Jassim al-Tai / .. stressed the Executive Directorof the Iraqi market for securities, Taha Ahmed Abdul Salam increase funds of listed companies to the heads of more than eight trillion dinars, while noting record 98 joint-stock company.
Abdel-Salam said in a statement the agency / JD /: that's the market was able to include 98 joint stock company in the market, which contributed to increase their capital to 8 trillion dinars.

He explained that this increase is too large equity block, noting that the banking and corporate banking sector occupies 62% of the total funds listed capital.

He said Abdul Salam that the high total funds listed 5 trillion capital to 8 trillion is the result of a new company is the communications ring company to include a capital of more than a trillion dinars, as well as the contribution of increased capital for a number of banking companies in implementation of the decisions of the Central Bank of Iraq last which confirmed to be limiting Near the capital of these companies 250 billion dinars.

He said Abdul Salam that I have a job market plans will be implemented during 2016, the most important stimulate investment through the Board of Governors and in cooperation with the Securities Commission and the Central Bank of Iraq. He called for there to be organizing the process of trading bonds exclusively in the Iraq Stock Exchange.