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 Iraqi Stock Market: Circulation value increases by 64 billion in November

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IQD4US
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PostSubject: Iraqi Stock Market: Circulation value increases by 64 billion in November    Sat Dec 15, 2012 5:44 pm

Iraqi Stock Exchange announced on Tuesday a “great” increase in the circulation value last November which amounted to 64 billion Iraqi Dinars, while the United Bank for Investment confirmed finishing the measures required to increase its capital.

The Stock Exchange traded during November in 114 billion 367 million actions, amounting to 117 billion 234 million Iraqi Dinars; in comparison with last October during which the total number of traded actions was 45 billion 371 million for the value of 63 billion 981 million Dinars. 65 companies undertook transactions from a total of 84 electronically listed companies.

Karbala Hotels -HKAR recorded the highest increase among companies in terms of value traded followed by Sumer Commercial Bank. The companies with the highest decrease were National Household Furniture Industry IHFI followed by the Metallic Industry and Motorcycles IMIB. The number of contracts of trade during November reached 11406 contracts while in September only 10395 contracts were signed.

The number of actions bought by non-Iraqi investors during last November was 2 billion 667 million actions, with a value of 4 billion 679 million Iraqi Dinars. The number of sold actions amounted to 3 billion 620 million with the value of 5 billion 715 million Dinars. 1303 purchase contracts and 745 sale contracts were executed.

United Bank for Investment confirmed finishing the legal measures required to increase the company’s capital during November, from 200 billion Dinars to 250 billion Dinars.

Iraq Stock Exchange was established in June 2004 and used manual exchange at the time. In April 2009, certain companies partially adopted electronic exchange. In 2010, electronic exchange was adopted for all 85 enlisted companies from the 7 sectors: banking, industry, hotels, agriculture, investment, insurance and services.
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PostSubject: Re: Iraqi Stock Market: Circulation value increases by 64 billion in November    Sat Dec 15, 2012 5:59 pm

Seems like good news ....

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PostSubject: Re: Iraqi Stock Market: Circulation value increases by 64 billion in November    Sat Dec 15, 2012 6:38 pm

Yes it does. Something goes live in January right?
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PostSubject: Re: Iraqi Stock Market: Circulation value increases by 64 billion in November    Sat Dec 15, 2012 9:13 pm

Yes, a second Stock Market opens the first day of Business 2013
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PostSubject: Re: Iraqi Stock Market: Circulation value increases by 64 billion in November    Sat Dec 15, 2012 11:20 pm

@IQD4US wrote:
Yes, a second Stock Market opens the first day of Business 2013

:happy holidays
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