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Foreign investors expect the strong performance of the Iraqi Stock Exchange in 2012
Follow-up - and babysit - is expected to increase foreign interest in Iraq's fledgling stock exchange next year after the main index jumped more than 30 percent this year and investors say the current political crisis that could fuel sectarian conflict will not discourage them.
And renewed tensions within the Iraqi government immediately after the withdrawal of U.S. troops ten days ago, raising the prospect of renewed sectarian conflict that pushed the country to the brink of civil war a few years ago.
The crisis erupted when Iraqi Prime Minister has taken action against the Shiite prominent Sunni leaders signed a series of bombings killed dozens in predominantly Shiite areas in Baghdad.
But foreign investors who have registered net purchases in the local bourse this year and bought shares worth 150 million dollars they say that this political unrest and security concerns did not significantly affect their appetite in the Iraqi Stock Exchange.
Sharif said Salem, a portfolio manager at Abu Dhabi Investment Company, which invested $ 18 million in Iraqi Stock Exchange since November November 2010 he was still interested in the Iraqi market and the outlook will not change because of what is happening now.
He added that the company is counting on more money invested at the beginning of next year when the open market.
The Iraqi Stock Exchange held last trading sessions on 20 December. The total number of shares traded this year's 492 billion worth of $ 753 million, compared with 255 billion shares worth $ 377 million in 2010, according to stock exchange data.
Foreign investors bought 82.7 billion shares worth $ 150 million and sold 7.18 billion shares worth $ 41.7 million.
Said partner Paul Bartel in Northern Gulf Partners, which manages the fund Iraq 1 partners to invest the company's "Iraq will become the fastest growing economy in the world during the next decade and expect to be reflected in the listed companies in the country."
"It undoubtedly will continue to record net foreign purchases in Iraq in 2012. Where can investors find that the leading economic growth and wealth of resources at the post-war .."
Although the Iraqi Stock Exchanges is very small compared to other regional and global has proven to be more robust in the face of the global economic slowdown as it was one of the few stock markets that offer enormous opportunities for growth.
The Iraqi Stock Exchange index closed at 136.03 points in the last trading session in 2011, up 34.7 percent from its level in the last trading session in 2010 of 100.98 points.
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Follow-up - and babysit - is expected to increase foreign interest in Iraq's fledgling stock exchange next year after the main index jumped more than 30 percent this year and investors say the current political crisis that could fuel sectarian conflict will not discourage them.
And renewed tensions within the Iraqi government immediately after the withdrawal of U.S. troops ten days ago, raising the prospect of renewed sectarian conflict that pushed the country to the brink of civil war a few years ago.
The crisis erupted when Iraqi Prime Minister has taken action against the Shiite prominent Sunni leaders signed a series of bombings killed dozens in predominantly Shiite areas in Baghdad.
But foreign investors who have registered net purchases in the local bourse this year and bought shares worth 150 million dollars they say that this political unrest and security concerns did not significantly affect their appetite in the Iraqi Stock Exchange.
Sharif said Salem, a portfolio manager at Abu Dhabi Investment Company, which invested $ 18 million in Iraqi Stock Exchange since November November 2010 he was still interested in the Iraqi market and the outlook will not change because of what is happening now.
He added that the company is counting on more money invested at the beginning of next year when the open market.
The Iraqi Stock Exchange held last trading sessions on 20 December. The total number of shares traded this year's 492 billion worth of $ 753 million, compared with 255 billion shares worth $ 377 million in 2010, according to stock exchange data.
Foreign investors bought 82.7 billion shares worth $ 150 million and sold 7.18 billion shares worth $ 41.7 million.
Said partner Paul Bartel in Northern Gulf Partners, which manages the fund Iraq 1 partners to invest the company's "Iraq will become the fastest growing economy in the world during the next decade and expect to be reflected in the listed companies in the country."
"It undoubtedly will continue to record net foreign purchases in Iraq in 2012. Where can investors find that the leading economic growth and wealth of resources at the post-war .."
Although the Iraqi Stock Exchanges is very small compared to other regional and global has proven to be more robust in the face of the global economic slowdown as it was one of the few stock markets that offer enormous opportunities for growth.
The Iraqi Stock Exchange index closed at 136.03 points in the last trading session in 2011, up 34.7 percent from its level in the last trading session in 2010 of 100.98 points.
[You must be registered and logged in to see this link.]
