Billion dinars daily trading volume for the Iraqi market for securities

09-10-2011 | (صوت العراق) - (آكانيوز) 09-10-2011 | (Voice of Iraq) - (Rn)

Announced that the Securities Commission, on Sunday, that the size of the trading market for the Iraq Orac financial hit one billion Iraqi dinars per day.

The head of the Abd al-Razzaq al-Saadi told the Kurdish news agency (Rn) that "the Iraqi market for securities volume traded billion Iraqi dinars a day after it was last month, 82 million dinars a day, which demonstrates the evolution of the level of attracting investment capital."

"The banking sector still leads the group trading market for securities Iraq and there is a plan for the development of global markets and the expansion of communications ports with the provinces of Iraq."

He pointed out that "the Iraqi government's budget allocated to the Securities Commission in 2012 the 3 billion Iraqi dinars which consists of 4 of Trustees with the Chairman of the Board and that puts political financial trading in the country."

The head of the Securities Commission, to finish the work pre-requisites for opening the Iraqi market for securities in the Kurdistan Region and the province of Basra.

The Securities Commission, said Iraq made ​​the region the size of the financial trading by 70%.

The Iraqi government recently agreed with the Bank (HHPT), which is spread throughout the countries of the world to develop the Iraqi market for financial Orac.
And started the Iraq Stock Exchange initial preparations for membership of the global market for securities, also announced the start electronic filing of the investment companies of foreign and domestic, instead of filing paperwork.

The Iraq Stock Exchange has started operation in 2004, shifted from manual trading to the use of e-dealing screens in 2009 and opened for trading two hours a day five days a week.

The banking sector is the largest in the exchange, which also includes the shares of industrial companies, insurance companies, hotels and agricultural companies.

The total value of shares listed on the stock exchange about $ 3 billion.