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Recommendation to stop the increase in banks' capital
3/15/2015
Workshop diagnosed reasons for the low stock shares
BAGHDAD - Hussein al-Tamimi Tgb
represented fluctuations in the price value that witnessed the reality of shares in the local stock market the focus of discussion at the workshop organized by the Governors of the Iraq Stock Exchange Council in the presence of economic experts and interested on trading and the number of investors in the stock market.
Head Securities Commission d. Abdul-Razzaq al-Saadi ran the hearing, said in an interview for the "morning" to activate the reality of investing in the local stock market reflects the growth of the productive and service sectors, pointing out that this workshop is to discuss the reasons for confusion experienced by the price value of the shares during the last period.
He stressed that the presence of the body and administration the market and investors in one place to discuss the reasons for the decline contributes to the identification and poses treatments necessary for this matter directly.
The Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, pointed out that the factors influencing the reality of share trading in the stock market decline in the market value of the shares, which fell year 2014 to the extent of 17 percent, while the percentage of decline during the first two months of this year, 18 percent, pointing out that the number of shares traded exceeded 5.6 trillion shares the banking sector than has 5 trillion shares, and this shows the extent of banks' dominance of the shares in the stock market.
He said the reasons low stocks due to increased capital-listed companies by capitalization and underwriting profits and reserves of 4,632 trillion public shares in 2013 to 5,675 trillion public shares in 2014, which affected the trading prices in the Iraqi market due to increased annual capital since the year 2012 to the end of 2014, which was an average of trillion shares, pointing out that part of the liquidity needed to subscribe moved from trading to the first market to promote purchases of these markets from shareholders which contributed to the decline in stock prices, and the rise in the number of issued shares lead to a decline in the stock market price due to high offer shares.
as well as the low volume liquidity due to lack of banking products and became the bank's focus on foreign trade financing, as well as higher production costs in the joint-stock companies, and this affects the share price in trading, and the intersection of government institutions with joint-stock companies.
He pointed out that the proposed treatments are approached the central bank to stop the decision to increase capital joint-stock companies, especially in the banking sector, which represents the heads of his money 5 trillion shares out of 5.6 trillion shares listed on the market, and support companies through the study of its requirements, including the local product support and enable it to compete in the local market, pointing to the importance exempt contribution of taxes companies for two years 2015 - 2016 in order to enhance the value of shares in the market, and this enhances the value of the stock and the market value of the total shares, is also working to attract the inclusion of companies in the market and increase the depth of the market.
Abdul Salam said the importance of allowing banks to invest a percentage of the reserve through the acceptance of mortgage investors for shares to meet annual interest to create a liquidity-oriented investment and increased demand, as well as gain the confidence of investors through accounting corporations ill manage their money and to bring the offenders in their personal capacity to the administrative courts and specialized and not expose the company to fines and administrative sanctions, including the trading halt.
The representative of the Iraqi investors Association has pointed out the importance of tightening control by the Iraqi Central Bank and the Securities Commission on the departments of companies and be the matter of Board of Directors of companies moving away from the style of the Prevention for trading in the market, pointing to the importance of activating the corporate governance law.
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3/15/2015
Workshop diagnosed reasons for the low stock shares
BAGHDAD - Hussein al-Tamimi Tgb
represented fluctuations in the price value that witnessed the reality of shares in the local stock market the focus of discussion at the workshop organized by the Governors of the Iraq Stock Exchange Council in the presence of economic experts and interested on trading and the number of investors in the stock market.
Head Securities Commission d. Abdul-Razzaq al-Saadi ran the hearing, said in an interview for the "morning" to activate the reality of investing in the local stock market reflects the growth of the productive and service sectors, pointing out that this workshop is to discuss the reasons for confusion experienced by the price value of the shares during the last period.
He stressed that the presence of the body and administration the market and investors in one place to discuss the reasons for the decline contributes to the identification and poses treatments necessary for this matter directly.
The Executive Director of the Iraqi market for securities, Taha Ahmed Abdul Salam, pointed out that the factors influencing the reality of share trading in the stock market decline in the market value of the shares, which fell year 2014 to the extent of 17 percent, while the percentage of decline during the first two months of this year, 18 percent, pointing out that the number of shares traded exceeded 5.6 trillion shares the banking sector than has 5 trillion shares, and this shows the extent of banks' dominance of the shares in the stock market.
He said the reasons low stocks due to increased capital-listed companies by capitalization and underwriting profits and reserves of 4,632 trillion public shares in 2013 to 5,675 trillion public shares in 2014, which affected the trading prices in the Iraqi market due to increased annual capital since the year 2012 to the end of 2014, which was an average of trillion shares, pointing out that part of the liquidity needed to subscribe moved from trading to the first market to promote purchases of these markets from shareholders which contributed to the decline in stock prices, and the rise in the number of issued shares lead to a decline in the stock market price due to high offer shares.
as well as the low volume liquidity due to lack of banking products and became the bank's focus on foreign trade financing, as well as higher production costs in the joint-stock companies, and this affects the share price in trading, and the intersection of government institutions with joint-stock companies.
He pointed out that the proposed treatments are approached the central bank to stop the decision to increase capital joint-stock companies, especially in the banking sector, which represents the heads of his money 5 trillion shares out of 5.6 trillion shares listed on the market, and support companies through the study of its requirements, including the local product support and enable it to compete in the local market, pointing to the importance exempt contribution of taxes companies for two years 2015 - 2016 in order to enhance the value of shares in the market, and this enhances the value of the stock and the market value of the total shares, is also working to attract the inclusion of companies in the market and increase the depth of the market.
Abdul Salam said the importance of allowing banks to invest a percentage of the reserve through the acceptance of mortgage investors for shares to meet annual interest to create a liquidity-oriented investment and increased demand, as well as gain the confidence of investors through accounting corporations ill manage their money and to bring the offenders in their personal capacity to the administrative courts and specialized and not expose the company to fines and administrative sanctions, including the trading halt.
The representative of the Iraqi investors Association has pointed out the importance of tightening control by the Iraqi Central Bank and the Securities Commission on the departments of companies and be the matter of Board of Directors of companies moving away from the style of the Prevention for trading in the market, pointing to the importance of activating the corporate governance law.
[You must be registered and logged in to see this link.]
