Fundamental and technical analysis of the electronic trading session on Thursday, 19/11/2009




isx4 - Analysis
18.11.2009


Before entering into what can be expected for the electronic trading session for tomorrow, Thursday 19/11/2009, we must pause when the results of the session on Wednesday 18/11/2009, which has seen some negative indicators of the decline in key indicators is the number of shares traded and the total volume and number of transactions.
It may be a natural in light of the many reductions in the rate of share turnover during the last week and this week, which has helped to restrict the capital of certain investors, the purchase at high levels in some companies and lower prices for these shares of a sudden, but it is negative from the point of my own because the decline in these indicators, if it continues, it underlines the weakness in new liquidity to the market within Iraq as well as weakness in the forces of demand, the result will contribute to the decline in stock prices, and this is what is happening now.
In general, we wish to not continue the rate of these indicators is low, because the first week of trading this month and in November after having achieved a reasonable level of trading contributed directly to higher rates of many of the shares of companies.
Trading non-Iraqis have seen a slight rise, but what she witnessed maligned in sales focused on the banking sector, a result of declines in shares of many companies in this sector.



Pressured by declines may continue at tomorrow's meeting?



Is still continuing declines on the index, whether Iraq or the shares of many companies cast a shadow on the decisions of investors and stock movement in general, which contributed to declines in the impact on the hopes and aspirations of investors, signs of recovery and optimism that prevailed at the circulations in the first week of this month, which contributed to the movement active in all sectors with sector varies from one another.
Is still movement in share prices since the middle of the second week almost placed under the control of buyers are almost invariably with the presence of exceptional cases, the superiority of vendors in the shares of some companies, but a small percentage.
From this standpoint, the trading market Iraq needs serious to a meeting or two positive signs return to investors (vendors) part of the gains that have been lost dramatically very strange.


Political developments may be due to the interface again?


The phase after the Iraqi market for securities of the impact of political differences and security during the period of years, the buyers would control the movement of stock prices for a long time and synchronized with some political differences, both to the election law after the veto for electoral reasons by one of the Vice President of the Republic, and the threat of non-Kurds participate in future elections unless their demands are irrational, that generate a kind of confidence to investors (sellers) and the fear is unjustified and not in place, the likelihood of reductions for new and thus overcome the forces of supply and demand, which may help to see the new reductions.
So should investors be they sellers or buyers to contribute in giving a boost to the Iraqi market through an accurate reflection of all the positive factors coming both at the level of the Iraqi economy or stock companies or even the Iraqi market in 2010.
Law on the Protection of the national product on the way to ratify it in parliament during the remaining days of this month, which ratified it will be the biggest supporting factor for industrial companies in the coming period.


As foreign investments began to loom through the initial visits that we see in most provinces almost for a share of the pie for the next Iraqi Arab Economic Forum and global levels.



What about the movement of stock tomorrow?


The picture is still unclear or inaccurate in light of the continued movement of the very strong conflict between buyers and sellers and all sides try to control the movement and the stock price, so you do not continue to charts and graphs recorded movements are not woven to some extent with the principles of those fees!!! But this does not prevent a clearer picture of you, to help determine your steps and decisions at tomorrow's meeting Thursday 19.11.2009 According to the following:


Bank of Assyria


By reading the index graph, we see that he was able in today's meeting to achieve a foothold in the courtyard of white buyers in favor of vendors, I think that he tested the strength of the stock at a price of 1,160 at the meeting, the lowest price reached, so it confirms the slight distancing through the abandonment of the path low and therefore will try tomorrow to confirm the new path and bring up a new addition to the high on Wednesday.


Babylon Bank


Is still walking in a line of low and clear, note that the registration day for articulated movement of the reflectivity of new does not mean anything with recurrence of this movement and its more than once in low-track little effect ...Uncertainty is still the most striking feature for the dominant, and therefore we need another meeting may show some light to its next steps in the next week, a plan graph, and by not recording positive results, or evidence, or new data indicates a continued decline or walk through a horizontal line to achieve the stability of another tomorrow.



Bank of Baghdad


Is still moving in line descending downward path, and came as a result of today's meeting are compatible with the expectation of yesterday, from the perspective of the index graph, we note that took place today and for the second straight session in the testing phase is very strong at the rate of 2,000 dinars, making it in the danger zone on Thursday ,tomorrow's meeting double-edged sword, either make a new step downward, something expected from the chart at a price of 1,990 dinars, or may be accompanied by a hearing Tuesday and Wednesday's court session in his ability to survive at a price of 2,000 dinars in a slight gain, and change the path.


Gulf Bank


By the outcome of today's meeting Wednesday, and having achieved a pivotal movement of the reflectivity at a price of 1,200 dinars, after a series of consecutive declines for four consecutive sessions, I can assert the power of God Almighty, that today's meeting indicated that the previous track (path low) terminated or the last throes, so will achieve higher on tomorrow, God willing, the possibility of the first, or postpone the increase to the meeting Sunday at the latest.


Warka Bank


With positive results achieved at the meeting on Wednesday, the latest movement of white fast-entry support for tomorrow's meeting Thursday, we need confirmation hearing for this correction with the continued rapid overcome the forces of demand on the forces of supply is quite large, but we must not lose our thinking and there are attempts to reduce the price of this assembled for the purpose of the stock at lower prices.



World continental


Despite an arrow to a very slight increase, but less than those of the previous meeting and this illustrates the scale of the conflict between buyers and sellers to control the movement and the price of this stock.
By reading the index graph, has been accomplished today is not important until now where it is still in the path of low and thus the meeting tomorrow will prove that the new low, albeit marginal, or check the stable.



Fallujah construction


Clarified where the movement of conflict between buyers and sellers to a large degree, but more shame on the vendor not being able to reduce the size of presentations, most record buyers in terms of quantities eaten each before gradually ... Registration of this stock to decline slightly this day Wednesday and continued to decline in the attempts aimed to reduce the price under the price of 6,000 dinars, tomorrow's hearing important in determining the course of the next week with the possibility of movement-based registration of articulated reflective tomorrow (quantity traded at today's meeting very few, so the indicator was not be very careful with such quantities).


Mansour pharmaceutical


Circulation today at the opening and closing price of one, they recorded a pivotal movement in the path of high reflectivity somewhat, so Fmwcrha chart underlines the additional price reduction under 3,000 dinars at the meeting tomorrow or Sunday, it did not take this movement tomorrow. (Quantity traded at today's meeting very few, so the index may not be very careful with such quantities).



Al-Mansour Hotel


New record low today it negotiable at a price of 36,000 dinars, but the record's a reflex, but may not be honest with the lack of volume traded, I think that the movement if ratified, the fall is over and will see a rise tomorrow, and If you were not honest, we need to another meeting to clarify the course more accuracy.


The Palestine Hotel

Officially announced on Wednesday registered for the pivotal movement of the reflectivity is very important, thereby also declares the path Expiration previous fall or that its last throes ... So will achieve higher on Wednesday, God willing or postponed to the meeting next Sunday.




I apologize for the shortcut to a very limited time, we hope that affect these expectations and be true





Iraqi Investor
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