Securities Commission: a falloff in purchases of non-Iraqis from stock



11/04/2013 12:00 am

Contrary to what Rouge in foreign acquisitions on the stock shares

BAGHDAD - Hussein Tgb Tamimi

A report issued by the Securities Commission for trading non-Iraqi Stock Exchange in 2012 to some comparisons from previous years as well as other indicators show the effectiveness and value of trading to foreigners, which showed a decline in purchases of shares.

The head of the Securities Commission Abdul Razzaq al-Saadi (morning): The number of shares bought by non-Iraqis approached (28) billion shares, accounting for (4.5 percent) of the total. While the number of shares sold by non-Iraqis about (36) billion shares which constitute (5.7 percent) of the total, while the value of shares bought by non-Iraqis about (54) billion dinars, which is accounted for ( 6 percent) of the total overall trading. While the value of shares sold by non-Iraqis (56) billion dinars, which are (6.2 percent) of the total overall trading.

He Saadi said: sought the Securities Commission to develop the securities sector in all its aspects to keep pace with the level of the developed world, where hired body all aspects of the legislation to open opportunities for development, has issued since 2007 instructions allowed under trading non-Iraqis in the Iraqi market for securities, We have taken care that such instructions are chain and serve the Iraqi economy.

He continued saying: Trading Report non-Iraqis in the Iraqi market for securities in 2012 is one of a series of reports issued by the Authority to be a way informed of all full transparency and disclosure, where he reviews the first time trading of non-Iraqi securities in the Iraqi market for securities.

He noted it is clear from the information available that non-Iraqis began trading in securities of Iraq and increasingly since 2009 and after issuing the instructions traded non-Iraqis in the Iraqi market for securities, but the pace of buying and selling were mixed, while the increased its purchases is ethnic Securities sold during the period 2009-2011, and thus increased the share of non-Iraqis in the Iraqi Securities at the end of the same period, change it this year (2012) as increased sales of non-Iraqis from buying stocks.

He pointed out that the year 2012 witnessed a decline in the number of shares purchased by non-Iraqis from the year 2011, where the total number of shares purchased in the year 2012 approximately (28,476) million shares. The number of shares purchased in the year 2011 approximately (82,723) million shares, also saw the year 2012 an increase in the number of shares sold by non-Iraqis about 2011 where he began the number of shares sold by non-Iraqis in 2012 approximately (36,086) million shares, respectively.

As for the net foreign investment has witnessed a decline in the number of shares traded in the previous year 2011, when net foreign investment in 2012 approximately (7610) million shares and boat net foreign investment for the year 2011 of (64 000) million shares, either buying non-Iraqis have been during the year 2012 traded (69) joint-stock company in the market, while non-Iraqi Asher sale trading (66) during the year 2012.

While find net foreign investment (number of shares) was negative in the overall Iraqi market for اوارق financial, but that was the result of an increase in net investment in some companies and falling in the other, at a time when increased concentrations of non-Iraqis in the following companies (Baghdad gas, bank credit, Alamorh real estate) as the most companies focused where increases investments non-Iraqis, for it was there clear departure of the non-Iraqi investors of (Bank of Kurdistan, Mansour Bank, light industry), as no different is often when discussing the value of trades non-Iraqis during the period since 2009 to 2012

He was the general trend identical to what we found in the number of shares, as there was an increase in the frequency of purchase for the years 2009 - 2011 reflected slightly in 2012, as increased sales of shares by non-Iraqis on their purchases partially.

and total trading value of non-Iraqi purchase is Iraqis saw in 2012 a decline in the value of purchases is Iraqis compared to 2011, amounting to purchases of non-Iraqi in the year 2012 approximately (54 048) million compared to purchases of non-Iraqi in 2011 approximately (176 499) million a decrease of (69.4 percent), as witnessed in 2012 an increase in the value of equity sales by non-Iraqis compared to 2011, as sales of non-Iraqi in the year 2012 approximately (56,085) million, while the those sales in 2011 of approximately (48,848) million, an increase equivalent to (14.8 percent ).

And showed the value of net foreign investment for 2012 declines compared after the year 2011, as net foreign investment for the year 2012 approximately (2038 -) million and net foreign investment for the year 2011 approximately 127 652 million dinars.