The Iraqi capital market requires companies and banks to put its shares on the stock exchange

by **Ponee** Tue Feb 04, 2014 10:35 am

The Iraqi capital market requires companies and banks to put its shares on the stock exchange

Called the Iraq market for securities, banks and mobile phone companies operating in the country to go through it, and called on the Government to sell its shares in the mixed sector companies, to encourage capital formation and achieve stable economic development, noting that the market for Erbil, will open in 2014, opens up new perspectives for investors as a separate market but two trading companies, while the FSBir Mali market suffers from the absence of institutions supporting to reduce price volatility and reduce the risks and increase the speed of trading.

He said Iraq market for securities, Taha Ahmed Salman, the term "current market transactions that span five sectors are banks, hotels and industrial companies, investment and the service sector", expressing "hope that fall within the market leading companies working in Iraq, particularly those on the mobile phone to make a qualitative leap in the stock market." Salman, said that "major banks in the market, both banks Baghdad, Ashur and the Union", stating that "Asia torrent new Member to the market, the most prominent of the companies as well as other investment companies.

The head of the Iraq market for securities, "the market is changing daily and there are no banks or certain companies controlled or put contributed most of the other", pointing out that "market coordinated with the Iraqi Central Bank to urge other banks to contribute to encourage capital formation and achieve stable economic development." Salman called on the Government to sell its shares in the mixed sector companies, the shares of these companies not traded on the market causing paralysis and not move the market, "the market has approached the Prime Minister's advisers on the issue of the mixed sector companies".

On the stock market in Erbil, Iraq market for securities, "2014 opening of that market will see current which will open new avenues for investors, as well as labour market programs Iraq stock exchange, Iraqi performance through new regulations lead to speed trade", said Salman, "the market will separate, Arbel could be investors in Kurdistan from buying and selling in their regions and consequentlyIncreased confidence in the market and broaden the investor base ", stating that" there are aspirations to revitalize the labour market to encourage companies located in the region where the shares, as well as the Iraq market for securities, as a separate market for two trading companies.

The President promised the Iraq market for securities, shares of mobile phone companies operating in Iraq to the market, increase trading, because it attracts investors thus contributing to increase the financial reserve. " The number of listed companies on the regular market was 73, rose during the past week share prices of 29 of the 54 companies traded, nine companies still depend on the decisions of securities, for failure to comply with instructions of the disclosure and presentation of financial statements, as well as two parked for public bodies, has been traded by investors for shares in eight companies out of the 73 listed joint stock company in the market. source