Date: Monday, 18-06-2012 10: 03 am
Baghdad (newsletter) … Banking expert suggested Ghazi alkanany, open the specific sections of the Iraq market for securities in all provinces to promote investment through stock trading.
Alkanany said (News Agency news) Monday: all governorates of Iraq need independent exchanges through which entry investment firms located in the governorates and stock trading, will encourage investment in the country.
And he added: should freedom Iraq market for securities Central by opening subsidiaries across Iraq and culture exchanges in the provinces, especially since the mostly ignorant to understand and how to operate them.
He said it will expand investment operations because most citizens have significant funds governorates are frozen, they use her when creating stock exchanges would increase their motivation to invest and their entry into the stock market through the establishment of industrial and commercial projects, the additional funds to national income.
Iraq has established a market for securities in June (2004) in Baghdad, working under the supervision of the Iraq Securities Commission is an independent body established on the body like the US Securities and Exchange.
Year ago (2003) current market was called “the Baghdad Stock Exchange” and administered by the Ministry of Finance of Iraq, but now they are self-regulating body, and when you open it there (15) companies listed on the market, but now it has been inserted (100) company, and include listed companies in market sectors of banking and insurance, investment services and industrial and agricultural companies and even tourist companies, and the total number of companies listed until April 2012 (86) Inc.