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Chairman of the Securities Commission to ply News: I will not be influenced by a decline in oil prices
Tuesday 02 December 2014 | 14:50
Qurtas News / Baghdad
The Chairman of the Securities Commission Abdul-Razzaq al-Saadi, on Tuesday, that the market will not be affected by a decline in global oil prices, calling on the government to move the assets chunky particular investment.
He said al-Saadi told the "Qurtas News" that "the nature of the Iraq Stock Exchange (KSE) is trading with companies and factories and local banks, ie it is isolated from the global oil market, and if the affected oil bourse will not exchange money affected, as happened with the Gulf bourses Arab and a number of European stock exchanges, due to the recent joint-stock companies and multinational companies and has stakes and shares with other global stock markets. "
He added, "In addition, the oil in the Gulf or in other European countries, for example, Matrouh investment for all companies traded on the stock exchanges, whether global or local dispute in the Iraq Stock Exchange."
He continued that "the Iraq Stock Exchange depends on the local shareholders and put him in financial liquidity but we find today's economic contraction in the country due to lack of government approval and the parliament on the biennial budget in 2014 and 2015, which impacted negatively on the country's economy as a whole, as well as directed the government to reduce the project, Therefore, the government must turn to the gates of the movement to stimulate the economy. "
And the separation of saying that "among those doors move government assets storehouse has particular investment funds and so the economy is recovering and the stock market by trading companies, factories, banks, stocks rebound."
And saw most Gulf bourses decline last Sunday after tumbling oil prices, following OPEC's decision on production.
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Tuesday 02 December 2014 | 14:50
Qurtas News / Baghdad
The Chairman of the Securities Commission Abdul-Razzaq al-Saadi, on Tuesday, that the market will not be affected by a decline in global oil prices, calling on the government to move the assets chunky particular investment.
He said al-Saadi told the "Qurtas News" that "the nature of the Iraq Stock Exchange (KSE) is trading with companies and factories and local banks, ie it is isolated from the global oil market, and if the affected oil bourse will not exchange money affected, as happened with the Gulf bourses Arab and a number of European stock exchanges, due to the recent joint-stock companies and multinational companies and has stakes and shares with other global stock markets. "
He added, "In addition, the oil in the Gulf or in other European countries, for example, Matrouh investment for all companies traded on the stock exchanges, whether global or local dispute in the Iraq Stock Exchange."
He continued that "the Iraq Stock Exchange depends on the local shareholders and put him in financial liquidity but we find today's economic contraction in the country due to lack of government approval and the parliament on the biennial budget in 2014 and 2015, which impacted negatively on the country's economy as a whole, as well as directed the government to reduce the project, Therefore, the government must turn to the gates of the movement to stimulate the economy. "
And the separation of saying that "among those doors move government assets storehouse has particular investment funds and so the economy is recovering and the stock market by trading companies, factories, banks, stocks rebound."
And saw most Gulf bourses decline last Sunday after tumbling oil prices, following OPEC's decision on production.
[You must be registered and logged in to see this link.]
