ISX: We do not have the law on the entry of secondary tradin

[Stillw8n]

ISX: We do not have the law on the entry of secondary trading .. The exhibition of the parallel market failure

On: Wed, 12/08/2011 12:52

Baghdad (news) .. revealed the Iraqi market for securities of non-possession of the law they can Ojabbaracharkat to join the Iraqi market for securities, stressing that, until now, did not submit any company trading in the secondary market and announced by the Iraqi market for securities by about six months.

The executive director of the Iraq market for securities, Taha Ahmed Abdul Salam (the Agency news) on Thursday that the electronic systems used by the Iraqi market for securities and found that it is appropriate to create the environment in seconds for companies newly founded, or that have not completed a year or have a trial balance is to accept the circulation and do not leave abroad (ie outside the trading stock), indicating that many of the investors or shareholders Vahmin anything from trading stock or be so ignorant of the mechanisms and the price he has no information about it.
He said Abdul-Salam: The purpose of the secondary market for the rehabilitation of those companies to enter the formal market, which had to be a secondary market for the Iraqi market for securities. And Okdabdalsalam: that the secondary market called for more than 20 companies, but unfortunately the response was very weak, indicating that under the law can not be Aghebrsouk Iraq for securities of any company on impact of the Stock Exchange, and continued: the Company’s General Assembly, which consists of shareholders is Tgbralcherkh for on impact to the stock market.

It is noteworthy that the Iraqi market for securities was established in June of 2004, and relied on manual trading, and in April of 2009, she moved to electronic trading in part, by some of his companies in 2010, the trading of all companies, and traded in the market, 85 companies belonging to the seven sectors are banking, industrial and hotel and tourism, agricultural, investment and insurance services

http://bit.ly/ugoW7o