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Iraq market: the economic crisis, security events led to the decline in our index by 10%
03/05/2015 11:41 GMT
Follow-up - and babysit - The Iraq Stock Exchange, on Thursday, said the economic crisis, security events led to the decline in the index by 10%, indicating that the wishes of the Iraqi investors trading in the market affected by the overall economic activity in Iraq.
The Executive Director of the market Taha Ahmed Abdul Salam, said that "the global economic crisis and the security events experienced by Iraq led to the decline in the market index by 10%," he said. "These two factors have an impact on the Iraqi and foreign investors decisions."
He said Abdul Salam "The global economic crisis that occurred at the beginning of October month and that continues up to now, which are caused by the drop in oil prices has affected the Iraqi budget as a dependent on revenues heavily on oil," noting that "low budget have affected the decline government spending on investment projects and thus affected the cash rotational speed and the speed of response of the private sector and the public, which led to a decline in the market index of the end of 2014 and also at the beginning of the year 2015 ".
He said Abdel-Salam said "low or high index of the market has to do with the overall economic activity and the overall internal and external trade and currency devaluations and also on oil production and the size of the Iraqi budget size," pointing out that "All these factors are reflected on the wishes of the Iraqi investors trading in the market."
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03/05/2015 11:41 GMT
Follow-up - and babysit - The Iraq Stock Exchange, on Thursday, said the economic crisis, security events led to the decline in the index by 10%, indicating that the wishes of the Iraqi investors trading in the market affected by the overall economic activity in Iraq.
The Executive Director of the market Taha Ahmed Abdul Salam, said that "the global economic crisis and the security events experienced by Iraq led to the decline in the market index by 10%," he said. "These two factors have an impact on the Iraqi and foreign investors decisions."
He said Abdul Salam "The global economic crisis that occurred at the beginning of October month and that continues up to now, which are caused by the drop in oil prices has affected the Iraqi budget as a dependent on revenues heavily on oil," noting that "low budget have affected the decline government spending on investment projects and thus affected the cash rotational speed and the speed of response of the private sector and the public, which led to a decline in the market index of the end of 2014 and also at the beginning of the year 2015 ".
He said Abdel-Salam said "low or high index of the market has to do with the overall economic activity and the overall internal and external trade and currency devaluations and also on oil production and the size of the Iraqi budget size," pointing out that "All these factors are reflected on the wishes of the Iraqi investors trading in the market."
[You must be registered and logged in to see this link.]
