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Iraq market: 152 billion dinars value of shares traded during the first half of 2019
Economy News - Baghdad
The Iraq Stock Exchange announced on Monday that the index of the Iraqi market for securities trading of shares amounted to 152 billion dinars during the first half of this year, an indicator of a rise compared to the last session of January of the same year.
"The Iraqi market for securities organized during the first half of 2019 121 trading sessions of securities within the timing organized by the instructions and rules of electronic trading in the Iraqi market for securities," said the executive director of the market, Taha Ahmed Abdul Salam in a statement read by "Economy News".
Abdul Salam said that "trading was limited to the shares of 75 joint stock companies to the presence of 20 companies suspended from trading by a decision of the Securities Commission due to non-disclosure of the annual or quarterly."
"The number of listed shares amounted to 12175 billion shares of listed companies of 103 companies, while the number of shares traded 237 billion shares during the first half 2019, while the value of those shares 152 billion dinars."
Abdul Salam said that "the index of shares prices closed at the last session in June at 496.31 points in the meeting of 30/6/2019, a slight increase of 0.8% from the close in January 2019, while the number of contracts executed during the first half of this year 82,942 contracts ".
On the other hand, Abdul Salam pointed out that "the Iraqi market for securities submitted a proposal to the Securities Commission to regulate the circulation of shares of companies that delay in providing annual disclosure by classifying and classification as a third market and according to proposed mechanisms limited to trading for only one hour and will be implemented upon obtaining approval Commission on the proposal, and not to stop trading in the future. "
The Iraqi market for securities was established in June 2004 and was previously relied on manual trading. In April 2009, electronic trading was partially approved by some companies. Electronic trading started for companies registered in 2010. The market is traded in 103 companies belonging to eight sectors Banking, industrial, hotel, tourism, agricultural, investment and insurance, as well as communications.
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