The Iraqi Stock Exchange announced on Sunday that it had organized seven trading sessions during the past week to produce more than 2 billion shares worth KD 1 billion.
“The Iraqi market for securities organized during the week ending on the fifth of October the current four sessions to trade in the regular market and three sessions for trading in the second market,” said the executive director of the market, Taha Ahmed Abdul Salam said in a statement, adding that ” To deliberate for a public holiday on the tenth of the month of Muharram. ”
“The number of companies listed in the market during the past week was 101 joint stock companies, of which 72 companies listed in the regular market and 29 listed companies in the second market and traded during the sessions last week, shares of 39 companies in the systemic market and 3 companies in the second market.”
Abdul Salam said that “the number of shares traded last week amounted to 2 billion shares compared to 13 billion shares for the week before, a decline of 78.89%, while the value of those traded billion dinars compared to 12 billion dinars for the week before, also to fall by 85.16%,” pointing “The number of transactions executed last week reached 1053 transactions compared to 1075 transactions for the week before. The ISX 60 index closed last week at 583.68 points, down 0.60% from the close of the week before when it closed at 587.22 points.”
He pointed out that the number of shares purchased from non-Iraqi investors last week amounted to 20 million shares, down by 82.36% compared to the week before or value amounted to 110 million dinars through the implementation of 75 shares on the shares of 3 companies also fall by 38, 18% compared to the week before. ”
He explained that “the number of shares sold by non-Iraqi investors last week amounted to 654 million shares, up 309.27% compared to the week before, and the value of those shares amounted to 396 million dinars through the implementation of 123 transactions on shares of two companies, up 189.08% The week before. ”
The Iraqi Stock Exchange has used electronic trading systems and central depository since 2009 and seeks to launch the Internet trading system for investors in the first quarter of 2017, and organizes five trading sessions a week from Sunday to Thursday, and included 100 Iraqi shareholding companies representing the banking and telecommunications sectors Industry, agriculture, insurance, financial investment, tourism and hotels.
