See a number of financial experts that the experience of the financial market in Iraq, “is still a recent and promising, but the exposure continued economic and political conditions bad led to a delay in the performance, stressing the need to develop the work of the stock market and provide a culture of economic and profit encourages citizens to invest Mdjulath cash for the purchase and trading of these shares . “Future of Iraq” has explored the views of experts in this subject.
financial expert, Bassem Jamil Antoine said, according to the future of Iraq: The Iraqi stock market is one factor in attracting investors in the country and this is due to the entry of the foreign investor of the Iraqi Stock Exchange is very easy, adding to this that stock prices joint-stock companies and stock market in Iraq is very cheap and cheaper than the rest of the stock exchanges all over the world.
Antoine stressed “the need to provide protection to the Stock Exchange, with certain restrictions, but with a recession due to lower stock prices Iraqi Stock Exchange, and comes also the result of the political situation the country is experiencing and conflicts over the regions and division and to the deterioration of economic conditions also in the country. He explained: The foreign investor, “finds in the Iraqi market, emerging a good opportunity for investment, but at the same time looking for a guarantee of its investments, is looking for legal frameworks and institutions employ his money on its way because it is unable to presence in Iraq, which requires him to stay in the country. “
He continued, “There are fears of many investors due to lower prices, stock market significantly and this is due to enter the large and giant such as” mobile phone companies, “which was capitalized very large and entered the Iraqi Stock Exchange.
Promise Antoine “The availability of favorable investment environment for investment and improvement Alaudhaa security and stability of the Iraqi Stock Exchange is one point to attract investors to the country because of the construction and reconstruction. He beautiful: that there is a reserve permanently from the central bank at least 60 billion, and also oil reserves and Ghazi monstrous proportions may make Iraq at the forefront of the world in the production of oil and gas owned by large reserves.
For his part, said a member of the Economic Commission Abdul Hadi al-Hassani said in a statement singled out the “Future of Iraq” to the Iraqi market for securities representing the most important indicator of growth or decline in the economy. and Hassani “The investment in the reality of companies that are meant to be large in their dimensions, practical, technical, administrative and financial The more shares of these companies covalent index increased the stock market, it indicates the recovery and the vision of an economic future to attract investors in this institution or the other.
He said Hassani,” Whenever increased by large institutions that attract the capital, foreign and Iraqi everything index rose and gave a positive benefit because the country is in the economy is moving towards growth, especially in the dimensions of financial, economic, scientific, these dimensions are on the operation of investment securities market through Iraqi banks is the index of reflex to visual industrial enterprises and investment and construction and productivity. In response to the causes of poor Iraqi Stock Exchange, said Hassani in his speech: that the stock market in all countries of the world is an important indicator of the activities of the economy as a whole, and the Iraqi economy infected with factors limiting its inception, which was expected to be the largest among the countries of the world.
The proposed al-Hassani, ways to develop the work of the Iraqi Stock Exchange “through the improvement of the objective conditions in the country Valborsh evolve by taking into account industry produced profitably in Iraq, and activating the laws facilitate the entry of the investor in the country and to invest in the reality of productive enterprises, industrial and service even up to the better investment, as well as control citizens to turn the company’s limited to a company covalent even removes the weight of this company in the then financial, production and profit. For his part, Director of Iraqi Stock Exchange, Taha Ahmed Abdul Salam: that which determines the size of the business or financial or investment in any country is the size of the economy itself, indicating that the Iraqi economy, “toil since the nineties under siege, as presented in recent years to wars, terrorism and disruption.”
This is reflected in particular, says Abdul Salam said in a statement prior to him “that the projects that depend on energy and raw materials, have become cost production high and thus weakened their profits and this is reflected on the willingness of investors to acquire shares or participate in it. “Add to that,” there is no road between the companies listed on the Stock Exchange of any company operating at full capacity, and therefore do not achieve equity result returns entice the public to acquire shares and competition, and so we find that prices have fallen so that most companies share prices ranging between the dinar and four dinars, except for some companies, the service sector and hotel and industrial.
