Expert: Iraqi stock exchange is small and old and limited activity

Date: Wednesday, 27-06-2012 07: 59 pm
Baghdad-the citizen

Banking expert suggested, Nelly Ghazi securities market development in Iraq through the use of modern electronic devices.

Noting the existence of factors outside the control of affected market. said Nelly «news «Wednesday: Iraqi Stock Exchange remains small and is old and suffers from a lack of sophisticated electronic devices, what impedes the process of stock trading between companies in the market, adding: you must enter the electronic devices that use global stock markets in the securities market for the advancement of reality and bring it up to date with the modern world development because it is based on the Iraqi economy.

Said: there are many factors affecting the activity of Iraq market for securities, including political and economic instability, which curtailed its role in promoting the national economy. Iraq market was established for securities in June (2004), working under the supervision of securities and is an independent body established on the body like us securities and exchanges. and before the year (2003) current market was called "the Baghdad Stock Exchange» run by the Iraqi Ministry of finance, but now it is self-regulating, and when opened there was (15) companies listed on the market, currently included (100) company, and include listed companies in market sectors of banking, insurance, investment, services and agricultural and industrial enterprises and even tour operators, Number of listed companies until April 2012 (86) company.