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  1. #1
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    Exclamation ISXannounces the delivery trading near residential role and corporate offices process

    Iraq Stock Exchange announces the delivery trading near residential role and corporate offices process




    02/07/2016

    Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam announced near the delivery traded residential role and corporate offices process

    , stressing in a press statement on the need to rely on national agricultural product or industry to achieve economic development, noting that the market closed market index (995.944 points) in the first feeler trading and closed at (730 560) points in the last trading of the 2015 session, the index reached a decline of 26%. this decrease over the past few weeks has continued this year 2016. the market achieved during the current year 2015 Machert in the organization (233) trading at a rate hearing five a week as well as the inclusion of sessions (98) Iraqi joint-stock company with a number of listed stocks (8.712) trillion Shm.fima number of shares traded reached 618 billion shares worth 495 billion were traded through (120.978) Akd.makda that the market value of listed shares reached the market (9265) trillion Denaroan reasons for the decrease?


  2. #2
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    He explained that the reason for this decline is due to the financial crisis in general, and Iraq is passing through the world in particular as a result of lower oil prices.

    as well as the effects of financial market indicators economic indicators through the capital and the movement cycle foreign trade and the net trade balance and employment levels, inflation and the ability of companies to generate profits and continue in activity compared with the potential risks of an investment, but trading indicators in the Iraq Stock Exchange approached the expected levels and continued trading mechanisms to achieve shareholders' goals in parallel to the financial position indicators of joint stock companies and expectations Almsttmaren.oan the most important factors that influenced the traded stocks during the current year 2015 is to destroy the infrastructure and components of capitalism material produced by the criminal gangs of gangs Daash and the decline of the Iraqi economy indicators after the big drop in oil prices of 2014 and 2015 and transform the economy from a surplus economy to Adz.baladavh economy, not to the development of the private sector contribution in the formation of GDP structural reasons and lack of legal climate is encouraging the development of the founding contribution and attract national and foreign savings companies so that you do not build a new investment opportunities add to the capital formation of the Iraqi economy and contribute to the expansion and diversification of the investor base through new versions absorb unemployment and contribute to the growth of the sector Acial.baladavh tothe inability of the banking sector to finance development projects and weaknesses of the existing banking services and not to create new banking services as well as change the decisions of investors as a result of economy rating of Iraq (PE) as well as the lack of a development proposed in response to the requirements of laws austerity and deficit financing economy in 2015.baladavh to the lack of development of means of national and foreign investment attraction and limited to an increase of capital as a source of funding and the failure to approve the instructions for issuing and trading bonds and instructions portfolio management and components and not allow companies to exercise the role of a market maker by purchasing a portion of its shares to absorb the decline in the prices . Stressing that the continued weak financial position of the sectors of industrial, agricultural, tourism and insurance and investment portfolios of investment companies for the continuation of the structural, financial and legal where obstacles along the variables that have to do with foreign trade is restricted .uan market development plan for the reality of his current work for the year 2016?


  3. #3
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    He explained that the market promising plans for the development work during 2016 in terms of the general policy of the market and monitor its performance and to discuss and propose means stimulate investment securities in collaboration with the Securities Commission and the Central Bank of Iraq and the proposal to amend and issue new instructions concerning the regulation of securities trading and the organization of portfolio management and allow companies to contribute to the purchase of proportions of shares at low prices and great bargains of the proposed amendments to the laws that contribute to the revitalization of investment. As well as to follow up the implementation of the Iraqi market plans Securities and center of the deposit and to discuss and approve development on systems Alaketronah.uan plans, the number of listed companies in the market and what are the most important sectors that have the largest share in the market? Said the market was able to include 98 contribution in the market the company, which contributed to increase their capital to eight trillion dinars, which is a very large equity block occupies 62% of the banking sector and banking companies of the total capital of listed and represents the number of shares Almadrjh.mbana that the increase in total capital listed more than five trillion to eight trillion, a result of the inclusion of the company It is a new communications ring company with a capital of more than a trillion dinars, as well as the contribution of increased capital for a number of banking companiesin implementation of the decisions of the Central Bank of Iraq last,


  4. #4
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    which confirmed to have minimum capital of these companies 250 billion Danar.uan prepare market plans to activate the investment process in Iraq char during the current year, Mr. Director-General to the market important plans? It will be implemented during 2016, the most important investment promotion by the board of Governors and in collaboration with the Securities Commissionand the Central Bank of Iraq. Calling for there to be organizing the process of trading bonds after the government and by the central bank were fired and more than one occasion to venture trading and issuing bonds and in turn we have to organize and prepare the instruction has been sent to the Iraqi Central Bank and the Securities Commission demanded it be exclusively in the Iraq Stock Exchange trading is being the only institution which regulates securities trading stocks and Sindat.oanna hope to be issuing these bonds during 2016, after the release operation and marketing of the bonds by the central bank and the banks that are traded exclusively in the Iraq Stock Exchange in accordance with the regulations and mechanisms in place in the market and regulations e like belonging to Msahman.ouhol stocks Nie market the use of modern technology in the market trading during the current year 2016? He said, yes, the market is seeking this year, the use of modern electronic systems during the year 2016 in the trading operations in the Iraqi market for securities Almalah.oan market has more than one project related to an electronic system, the most important is to have a gate specialist to view Backs data and make investors deal with this gate and inquire of them and explore them for shares in the market and trading so that it can be performed to withdraw all reports of these Albwabh.oan this electronic portal will be linked to the project will be carried out later, a (Alterilink Online) this project can to investors through an existing system with registered brokerage firms in the market for the purpose of facilitating for those wishing to process trading proud of within their companies or their Alexanah.oan this project will help investors followed up with mediation the subject securities and the settlement value of the bank's businesses.

    He explained that the Iraq Stock Exchange has 105 authorized to manage deployed in Baghdad and Erbil stations and Sulaymaniyah. the project will facilitate the investor's operations trading and things the other to carry out it is located in his office, home or his company by entering the system's electronic and the process of trading according to the guidelines in order to protect it from Kherq.oan the goal of this project is to shorten the time and seriously and to overcome obstacles to investors in Alarac.ouhol having some previous laws Taaiq market work and need quick edits?


  5. #5
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    Said there is an urgent need to make some changes to the Companies Act and the law of the central bank for the purpose of the development and revitalization of the investment process in Iraq, the fact that the status of existing investments is not enough for the process of development in the Alarac.olzlk there must be constant communication between government institutions in order to facilitate adjustment paragraphs encountered stimulate investment in Iraq, which older than 30 years. For this reason, the Iraq Stock Exchange launched proposals most important that there be organizing the process of managing investment portfolios in order to create market makers, and allow companies to contribute to the purchase of proportions of shares in the market when there is a drop in the prices of shares and percentages certain in accordance with instructions issued by the Securities Commission. indicating that there are intersections on what we are proposing Help With prevailing such as thecompanies Act laws and the law of the Central Bank and it needs to be a continuous contact between government institutions in order to facilitate adjustment paragraphs encountered stimulate investment in securities or investing in the shares of joint stock companies .mnoha there laws older than 30 years are hampering the development process and hinder the development of practical instructions are present Arab financial markets and Ajunbah.obin Abdul Salam on the need to make some adjustments to the vertebrae to corporate law and the law of the central bank there are some paragraphs in order to allow for senior capital to buy proportions of shares which are trading at Ankhvaz stock prices. As well as bonds instructions and instructions portfolio management there should be instructed to establish an investment fund to encourage companies or the bank or senior capital to establish such Alsnadik.oohar that this set of instructions from the role of the so-called climate or legal umbrella that will attract new investment. stressing that the status of existing investments is not enough for development. Noting that the status of existing investments and the size of the liquidity in the Iraqi economy, which is currently experienced a contraction in its own display requires that there be legal action even allow others the freedom of movement of capital within the community and attract and capital from abroad. Asked about the orientation of the Iraqi government to encourage national product? He is no doubt that Iraq's economic crisis and the operations of foreign exchange made ​​through foreign trade and dollar selling by the Central Bank of Iraq window This is a waste of Iraqi currency .vdila the existence of imports is regulated by the big traders, corporations and others are competing Alaracah.oadha products there are some neighboring countries, the so-called policy of dumping in the sense that send or issued a set of exports is in her expensive than exports that you send to Iraq in order to in order to flood the market and kill local industry, agriculture and the killing of services which are called small and medium enterprises. It is to preserve the national industry and agriculture must go allocated to cover foreign trade to the development of enterprises within the country and that will be the benefits of the biggest ones run Iraqi and employ Iraqi labor and the currency will remain within the country and not leaked to the outside money as well as to promote the production of projects starts a small project as possible to come the number of shareholders in the future and turn then into joint stock companies, and it will create an institutional base called in the economy (capital formation of the economy) .modha that this private sector claimed begin the role and so will support the private sector and it will be the private sector contribution to GDP is the largest that are currently exist which are Mtoadah.uallah, the Department of Foreign trade process in an orderly fashion and not to allow the import of everything except basic necessities that Angdr it produced, or that are assigned produced inside the country is higher than the outside and letting encourage Iraqi product even if not at the beginning, he can not compete product foreign Almistord.kon that neighboring countries follow the policy of dumping in the sense that these countries are sending a number of goods are more expensive in their countries of goods sent to us as well as it must activate the role of standardization and quality control, there are a lot of products that are imported by the private sector or the government it is not the specifications standardization and quality control and it can activate this device would reduce the import of shoddy goods, goods that produce carcinogens through certain foods Malbh.lma that rely on the national product, whether agricultural or industrial would develop Alaguetsadah.uan development and the intention opening up new capital markets in the provinces?


  6. #6
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    he said it was essential that the Iraqi provinces constructing financial centers Mstqlh.oan market expressed his willingness to cooperate and provide all the support with all Iraqi provinces that want to create an independent financial centers have. And the market gave seminars in a number of Iraqi universities, including Basra, Diwaniya and Najaf and the other in order to encourage the creation of investment centers related to the market of Iraq for securities Almalah.oan market Sagom support these financial centers through processing technical potentials fact that the Iraqi market is responsible for the dissemination of technical capabilities and communication link between a financial center with the Iraq Stock Exchange and that what has been done in the provinces of Arbil andSulaymaniyah after the establishment of the private sector, the establishment of brokerage firms and were granted official licenses for Tdaol.mbana that the market carried out the technical connectivity across networks through processing and technical programs that facilitate the trading process in market and currently operates 100%. we call on the rest of the provinces and wishing that have a financial center that starts cooperating with us we train them after Akhiaarham working cadres of the people of the province .kon that the goal of the market is employment and employment of the province and that is creating financial and technical expertise to maintain and funding is from within the province through a conservative format the headquarters of the financial center is owned by the province and be part of management and employees from within the province and the equipment that they Bosthsalha are from the funds of the province and will be owned by the province and not king of the Iraq market we are responsible for the technical connectivity and legal procedures that facilitate the process of investors trading in those provinces in the Iraqi market and there will be more than six seconds difference between Baghdad and between any province as it is currently holds between Erbil and Sulaimanah.oan this measure is falls within the transfer of powers by the government the fact that the market did not want to dominate the provinces, but We want to grow up independent financial centers in those provinces associated with the Iraq Stock Exchange trading shares of the school and the use of technical systems, as well as the existing expertise of the engineers and workers that we have to pass on those provinces.


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