The Iraqi market announces the outcome of last September

stock market
 
09/10/2021

Economy News - Baghdad

The monthly report of the Iraq Stock Exchange revealed that more than 171 billion shares were traded for the month of September, with a trading value of more than 115 billion dinars.

The Executive Director of the market, Taha Ahmed Abd al-Salam, said in a statement seen by "Al-Iqtisad News", that "the Iraqi Stock Exchange organized during the month of September (21) trading sessions to deal with the shares of listed joint stock companies, as the number of transactions executed by the dealers reached (8262) deals. ".

He pointed out that "the ISX60 market index of traded stock prices closed in the last session of the current month at (587) points, and closed in the last session of the previous month at 594 points, achieving a decrease of 1%."

He added that "the number of companies whose shares were traded reached (58) joint-stock companies, and the shares of (24) joint-stock companies were not traded due to the difference in the prices offered from those required by investors, and the number of companies suspended from trading is (23) joint-stock companies for not complying with the issued disclosure instructions. About the Securities and Exchange Commission.

He pointed out that "the number of listed companies amounted to 105 Iraqi joint-stock companies, after the Securities Commission and the Board of Governors approved the inclusion of the shares of two new banks, Al-Ansari Islamic Bank and the Arab Islamic Mashreq Bank, after the number of companies was 103 companies."

Abdul Salam pointed out that "the Iraqi Stock Exchange uses electronic systems for trading from the NASDAQ company for global software, similar to the Arab financial markets, and uses the database installed on the central depository system from the same company."

He explained that "the Iraq Stock Exchange monitors stock trading, ownership transfer, and financial and stock settlements through instructions issued by the Securities Commission, the most important of which are electronic trading instructions, electronic trading rules, instructions for the second market platform, instructions for non-Iraqi investors, as well as instructions for monitoring and banning insiders. In joint stock companies, due diligence controls for securities dealers, disclosure instructions for joint stock companies, disclosure instructions for brokerage companies, as well as solvency instructions and instructions for separating accounts.

Abdul Salam cautioned that “trading in the Iraqi Stock Exchange consists of two main components, the first is the trading of investors and stockholders, and by which price indicators are measured, including the ISX60 market index, according to the instructions for electronic trading, and trading according to large deals - the transfer of shares ownership - that takes place during the time of the session 2:00 – 2:30, the average session price for that day.”

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