Iraqi Stock Exchange calls for the sale of government shares in the mixed sector companies
Iraqi Stock Exchange calls for the sale of government shares in the mixed sector companies
February 3, 2014
Called on the Iraqi market for securities, banks and mobile phone companies operating in the country to put its shares through them, and called on the government to sell its shares in the mixed sector companies, to encourage capital formation and economic development is stable, indicating that the market Arbil Securities, will be opened during the year 2014 the current, which opens up new avenues for investors as they represent an independent market, but Bnavztin trading companies themselves, while the view of financial expert that the market is suffering from the absence of institutions chock to reduce the unit price fluctuations and reduce the risks and increase the speed of trading. said head of the Iraqi market for securities, Taha Ahmed Salman, in talk to the (long-Presse), “The trading current market divided into five sectors: banks, hotels, industrial companies and investment services sector,” and expressed “hope that the fall in the market major companies operating in Iraq, especially those concerned with phone mobile to make a quantum leap in the stock market” . added Salman, said that “most banks are contributing to the market, both from the banks of Baghdad, Assyria and the European Union,” noting that “ACL, which recently joined the market, is the most prominent companies to contribute to it as well as other investment companies.” The head of the Iraqi market for securities financial, that “the movement of the market is changing daily and there is no there banks or certain companies controlled by or subtracted shares more than the other,” pointing out that “the market has coordinated with the Department of Central Bank of Iraq to urge other banks to contribute to the promotion of capital formation and to achieve stable economic development “. called Salman, on the government to “sell their shares in the mixed sector companies, as these companies’ shares are not traded in the market, causing paralysis and lack of moving the wheel of the market,” stressing that “the market took the initiative to approach the advisers in the Presidency of the Council of Ministers, on IPO mixed sector companies for trading. ” and on the market Arbil Securities, said the President of the Iraqi market for securities, that “the year 2014 will witness the opening of that market, which will open new horizons for investors, as well as the modernization programs of the Iraqi market for securities, the performance center of Iraq through new systems lead to a quicker turnaround, ” continued Salman, that “the market Erbil will be independent, enabling investors in the Kurdistan region of buying stocks and selling them in their areas, thereby increasing the confidence in that market and the expansion of the investor base,” noting that there are “aspirations to stimulate the market Erbil induce existing companies in the region where the inclusion of its shares, as well as the Iraqi market for securities, they represent an independent market but Bnavztin trading companies themselves. ”
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