Net foreign investment in the stock market



13/11/2016 0:00

BAGHDAD / Mustafa Hashimi
point A report issued by the Securities Commission, which dealt with the performance of Iraq Stock Exchange during the third quarter of this year, net foreign investment in light of the decrease in circulation and trading contracts and stocks compared to the size of the separation of the current year.

The report which was obtained by the «morning» copy of it on the low trading volume during the third quarter of 2016 to around 65.5 billion dinars to 93.4 billion dinars in the second quarter the same year, a drop of 29.8 percent.

The trading volume for the third quarter fell 10.5 percent higher than in the same period of the previous year 2015.

The report said the banking sector occupied by this chapter ranked first in terms of volume as trading volume reached 58.6 billion dinars , representing 89.4 percent of the total, while ranked second in the service sector, as trading volume reached 2.3 billion dinars and by 3.6 percent of the total.

He explained: finished third in the industrial sector , where trading volume was about 1.4 billion dinars , representing 2.2 percent of the total, he said , adding: Session rate has reached a trading volume during the third quarter of this year , approximately 1.3 billion dinars , compared to about 1 0.5 billion dinars in the second quarter of 2016, where the number of trading sessions during the Chapter 51 trading session trading compared with 62 for the second semester of the 2016 session.

Number of Shares
The report also pointed to a decline in the number of shares traded during the third quarter to about 195.5 billion shares compared to 308.6 billion shares in the second quarter of 2016 and a decrease of $ 36.6 percent.

The number of shares for the third quarter rose by 158.3 percent from what it was in the third quarter for the year 2015.

The banking sector ranked first in terms of number of shares traded , where the number of shares totaled approximately 191.7 billion shares representing 98.1 percent of the total, while ranked second in the industrial sector , with the number of shares amounted to nearly 2.1 billion shares by the 1.1 percent of the total, and finished third in the service sector , where the number of traded shares amounted to nearly 0.8 billion shares by 0.4 percent of the total, have been meeting for a number of shares traded rate during the third quarter of 2016 some 3 0.8 billion shares compared with approximately five billion shares for the second quarter of 2016.

The number of contracts
and the number of contracts executed during the third quarter of 2016 , the report said that it came nearly 18,700 contract compared to about 29,800 contract for the second semester of 2016, a decline of 37.3 percent. It is worth mentioning that the number of contracts for the third quarter fell 27.0 percent from what it was in the third quarter of the previous year 2015.

The report pointed out that the banking sector ranked first in terms of number of contracts , where the number of contracts amounted to approximately 9.9 thousand held by 53.1 percent of the total, and ranked second in the service sector , where the number of contracts amounted to approximately 3.4 thousand held by 17.9 percent of the total, and finished third in the agricultural sector , where the number of contracts executed amounted to approximately 1800 contract by 9.5 percent of the total.

Session of the number of contracts executed rate was approximately 366.4 contract during the third quarter of 2016 , compared with 480.4 a contract during the second quarter of this year.

The report , that foreigners buy through this chapter amounted to 14,569.1 million dinars more than the foreign sale during this season, reaching the sale of 1621.4 million dinars, making the net foreign investment (buying stocks and selling by foreigners) rises to $ 12,947.7 Million dinars.

Source