Experts: 4 sessions of decline for one stock was an indication of serious

2012-07-30



Baghdad/JD/... Counting experts in business and finance to low trading ratios in four sessions of stock exchange for one serious indication, with the market to decline during yesterday's session was 0.58% registered 101.31 point only.

And money and business expert Dr. alia Al-sharifi told l/JD/"there is already great fear of collapse of Iraq market for securities, which is a new market on Iraq and which could have an active role in the coming period in building the Iraqi economy"

"One of the most important factors that led to the decline of the market and especially during the last week and yesterday's session is the existence of other external factors"

"Internal factors suggests that new market on Iraq which creates no real economic culture of traders, which negatively affects the performance of the market as well as the security situation and fears of renewed terrorist attacks and crisis.

"External factors is the global economic crisis and the recovery of the economy and poor economic performance evolution of Iraq by international organizations and large corporations"

And increased the market down 4 sessions for one last week and again this week a very serious and the Government handle it "

In addition, Dr. Zahra Saad said in an interview for/JD/"the Iraq market for securities still suffering weakness and especially these days which negatively affects the Iraqi economy recovering from previous crises and associated oil cash.

She noted that "the solution lies in government support for investors and traders and speculators in the market through the guidance and support of the private sector awareness and enter or force some large companies such as telecom companies and other associated with Arab or global companies listing on the stock exchange and raise the value of the assets of the banks"

The Iraq market index securities closed last week in 4 out of 5 on low as seen on Sunday closed the session lower as well.

A statement to the market that took place during the meeting, trading in shares of 36 company out of 84 listed company electronically shares of 7 companies, declined 24 another company, kept 5 companies on the price of its shares.

And the number of shares traded today billion and 442 million shares worth 2 billion and 404 million dinars, achieved through the implementation of trading held 542.

Index of Iraq market for securities in a meeting on Sunday by 0.58% registered only 101.31 point. /p p ended