09/10/2011 12:05
Baghdad, October 9 (Rn) - The Securities Commission, on Sunday, that the size of the trading market 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 amounted to 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 the Iraqi market for securities and there is a plan for the development of markets globally and the expansion of communications ports with the provinces ". He pointed out that "the Iraqi government has allocated budget of the Securities Commission for the year 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, on completion, the pre-requisites of opening the Iraqi market Securities in the Kurdistan region and the province of Basra. and said the Securities Commission, said that Iraq provided to the countries of the region the size of financial trading by 70%. and agreed the Iraqi government recently with the Bank (HHPT), which is spread throughout the countries of the world to develop the Iraqi market for Orac Finance. and began the Iraq Stock Exchange preparations initial 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 screens handle electronic in 2009 and open 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. From: Jafar Allonan, the Open: Peace Baghdadi
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