Decline in the value of share trading in Iraq by 56%

Iraq Stock Exchange, announced Tuesday, for the low value of share trading by 56 percent to 27 billion dinars last November, while the Securities Commission decided to suspend trading for 19 companies. And systems market through November of last month 22 daily session in the formal market and 6 sessions in the second market, the number of companies traded 64 companies out of 98 companies listed in the market, with the market index closed ISX60 at the end of November month on 718.640 points, its decline of 8 % compared to its value in the month of October amounting to 781.560 points. The trading market during November last 39.921 billion shares, down rate of 70% compared to October of last month, which amounted to stocks where the 1208 billion shares, while the value of shares traded amounted to 27.627 billion dinars, and a decline of 56% compared to October of last month the value of stocks in which 63.867 billion dinars, as the number of executed transactions amounted to 12167 deal.

The number of traded shares purchased from non-Iraqi financial 479 million shares valued at 807 million dinars from 364 during the implementation of the deal, while the shares sold amounted to investors from non-Iraqis 2.078 billion shares valued at financial 1.827 million dinars through the implementation of 643 transactions.

It decided Securities Commission suspended 19 companies from trading their decisions to non-compliance with the instructions of financial disclosure, while still five companies suspended from trading as of the month of August for failure to submit annual financial statements for 2014 for the body and for the market and the companies included Sadeer hotel and transfer of petroleum products and electronic industries and modern dyes, Canadian for the production of veterinary vaccines.

The Iraq Stock Exchange was founded in June 2004, and was approved by the manual trading, and in April 2009 electronic trading adopted in part by some of the companies, and began trading electronically for companies listed in the year 2010, and traded in the market 95 subsidiary of the eight sectors banking, industrial, hotel, tourism, agriculture, investment, and insurance, in addition to communications.