Trading fell in the Iraqi Stock Exchange during the last two months of the lack of liquidity and high dollar

by **Ponee** Wed Mar 04, 2015 7:05 pm

Izzat Iraq Securities Commission (SEC), on Wednesday, the "Undo" trading witnessed in the past two months to several factors, including the lack of liquidity in banks and speculators, and "floundering" CBI decisions, the high price of the dollar, while showed that the size of the the fluctuation of gold prices in the international and domestic markets, "did not hurt" the size of trading in which the lack of circulation, confirmed that the gap between the dollar price, which is determined by the Central Bank and local markets are "affecting about large" them.

The head of the Abd al-Razzaq al-Saadi, said in an interview to the (long-Presse), said that "the Iraqi market for securities made a good mutations turnover until the end of 2014, the past," noting that "the market decline began performing during January and February last two, has become so bad ".

He attributed Saadi, to "several reasons, including the lack of liquidity in both when banks or speculators, as well as the floundering Iraqi Central Bank decisions, and the high dollar exchange rate in the local market."

Promised Prime Iraq Securities Commission, that of "natural that the market operates according to the local market contexts so affected by what hit it from the conditions," adding, "Even so, the market has taken some steps that can help in activating the local market Kedzhill things intermediaries so as to ensure speed trading and profitability. "

Saadi and saw that "fluctuation of gold prices in the global and domestic markets did not hurt the volume of trading in the stock market, the lack of circulation," asserting that "the gap between the dollar exchange rate set by the Central Bank of Iraq and domestic markets is affecting about largely on the stock market."

The Iraq Stock Exchange, announced the beginning of the current year, 2015, for the closing of the last sessions of 2014, the last, after a 227 hearing, where trading volume reached 901 billion dinars.