Al-Sabah - 09/01/2012
Director of the Stock Exchange: plan year 2012 anticipate hiring successes of the past year
Characterize the performance of the Iraqi market for securities during the year 2011 the implementation of the latest applications designed to develop the requirements of the stock market and building the capital market in Iraq, torn down to raise awareness of the investment in the market. This is the highlights shown by the annual report of the Iraq market for securities in the past year we found it useful to review the most prominent achieved in the stock market through an open dialogue with the Executive Director of the Iraq market for securities Taha Ahmed Abdul Salam al-Rubaie.
How do you see the results and indicators of stock market in 2011?
Says Taha Ahmed Abdul Salam in this regard: as I must point out that eight years is over since the founding of the Iraqi market for securities, where allowed its law No. 74, issued in 2004 and the license issued by the Securities Commission of the Stock Exchange the ability to operate as two-stage manual trading from the period 2004 2009 and then the electronic trading from 2009 until the moment.
He has made the market during the past year, the results of Sastardha here and that encouraged the market to adopt and foreseen in the plan for 2012, the index closed the Iraqi market for securities prices of traded shares in the last session of 2010 on (100.98) points and closed in the first trading session of the year 2011 at (103.11 points) and closed in the last session of 2011 on (136.03) points.
And this index rose by the year 2011 (34.7 percent) compared to the year 2010 and increased by (31.9 percent) compared with the first session of 2011.
Spring known as the index record is based on measuring the percentage change in the movement of share prices of a sample of companies that regularly shares traded and number (40) company. Measurement method is based on a consistent basis is the session 13/1/2010 to measure its value and also depends on the basis of mobile compared to its value at the current value in the session that preceded it.
And on the trading indicators in the Iraqi market for securities for the year 2011?
Systems, said the Iraqi market for securities (232) trading session at a rate of five meetings a week from Sunday to Thursday of each week. And trading of shares (83) companies out of (87) listed company. And, last held in 2011 on Tuesday, 20/12/2011.
The number of shares traded in 2011 (492) billion shares worth (941) billion dinars, and correspond to (784) million during the trading (132,574) contracts. The market value MarketCapitalization of shares listed on the market ((4930 billion dinars, and correspond to (4) billion dollars.
With the observation that the exchange rate one U.S. dollar for 2010 and 2011 is (1200) dinars, while the circulation of non-Iraqis, the number of shares purchased from non-Iraqi (82.7) billion shares worth 147 million dollars through the implementation of (22 549) contract on the shares of (79) company while the total number of shares sold by non-Iraqi (18.7) billion shares worth (41) million dollars through the implementation of the (3985) a contract on the shares) 73).
Tracking stock approach to disclosure and financial performance of the joint stock companies listed? What are the results?
In this regard Rubaie said: The number of listed companies in the Iraqi market for securities now (87) Company's contribution represents the sectors of banking, industry, financial investment, insurance, hotels and agriculture. Still the structure of sectors in the Iraqi economy lacks the companies important contribution such as telecommunication companies, services and holding companies and investment funds. And require companies that suffer from a fiscal deficit continued for more than two years to bring its procedures and modify plans to add to the GDP and to achieve its goals.
Among the most prominent features of transparency Salam confirms that Iraqi law ruled that the companies issuing the annual final accounts during a period not to exceed 150 days from the end of the previous year are also required to issue quarterly data in a period not exceeding 60 days from the date of the end of the chapter. A number of companies is committed to these times is displayed to stop trading in the stock market and the loss of the rights of shareholders and potential investors to deny, and as a result of the additional non-compliance affects the turnover of the stock and also on other stock indexes.
The number of companies stalled a decision of the Securities Commission on 09.08.2011 (22) Joint Stock Company has satisfied the requirements for non-disclosure in accordance with the instructions No. (14) committed during the subsequent months (11) company has returned to the circulation immediately after the submission of financial statements as of 31 / 12/2010 with continued suspension (11), including the very last session of trading in 2011.
He noted that the stock market following the administration departments of companies not included in the call for the inclusion, in accordance with the instructions issued by the listing of securities, including telecommunications companies in Iraq, and we hope that these companies meet the requirements of the listing during the year 2012.
What are the main means of culture of the stock market?
It is certain that the market and within its objectives to raise awareness in investing in securities and in this regard organized the stock market and its divisions related training courses including, train (610) students, students from colleges and universities in Iraq at the headquarters of the stock market, and the signing of ( contracts with deanships: Baghdad University / College Administration and Economics and the Higher Institute for Studies Accounting and Finance, to provide masters and doctoral students with information and data and help them to implement their research projects to obtain a master's degree and PhD in topics related to actively market, Iraq Stock Exchange and to propose topics and edit other topics.
In addition to holding a workshop on 16.4.2011 on the occasion of the passage of two years on the opening and continued activity of electronic trading in the Iraqi Stock Exchange for investors and those interested in an active stock market and the organization of courses many action can not be mentioned here can be found in the annual report has also been lecturing on the Iraqi Stock Exchange in many international forums.
On a question about the most prominent features of the plan of the Iraqi market for securities in 2012, said Rubaie, said the plan included the organization of (232) trading session an average of five sessions per week, monitoring and auditing of transactions and transactions in accordance with the rules and instructions for electronic trading and disclosure of transactions in accordance with the rates affecting According to the orders of. And the issuance of (232) File a report after trading sessions daily.
And the issuance of (12) monthly bulletin and the annual report and broadcast on the website once it had concluded and published quarterly and annual data for the joint stock companies listed. As the market continues to broadcast the daily price bar and status bar through the website of the Iraq market for securities during the trading sessions, which started for the first time beginning in December 2011. And cross-site MUBASHER. Broadcast stocks traded via Bloomberg and Thomson Routers across the site from 2012 for the first time in the stock market.
He pointed out that the determinants of market control trading with Cap Formula on purchase orders for brokerage firms and not to exceed cash balances in the bank clearing account and the balance of investors' T +0. Pending the issuance of the Securities Commission approval to Help Banks guarantor Custodian Banks, which will be then added a second option of making a clearing and settlement in the stock market and T +2 as desired by the clients.
In addition to the continued implementation of control instructions solvency brokerage companies and follow-up activity by the Department of censorship through the balances monthly, quarterly and annual final accounts.
He said: The plan also includes plans for monitoring the implementation of the semi-annual to all brokerage firms to audit the documents and the documents and the delegation of trading, which includes semi-annual periodic inspection and to refer offenders to the Committee on Discipline.
He noted that after the opening of spring, a sub-company of mediation in Erbil and Sulaymaniyah, and the success of electronic connectivity and enable Irbil branch of the electronic trading system of the Iraq market for securities directly as of May 2011. Iraq market will provide full support for any brokerage firm wishes to open a branch in the provinces of Iraq to enable investors and shareholders from trading directly from these branches.
He concluded, Taha Ahmed Rubaie to say, we seek to represent the Iraqi market in conferences and seminars of local, Arab and international private and government to attract investors and the definition of an active Iraqi Stock Exchange, and closer ties of cooperation and development and exchange of experience and the continued active participation in the Commission executives stemming from the European Union, the Asian stock markets, especially that Iraq market Securities may be re-elected to the Committee for the second time in 2010.
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Director of the Stock Exchange: plan year 2012 anticipate hiring successes of the past year
Characterize the performance of the Iraqi market for securities during the year 2011 the implementation of the latest applications designed to develop the requirements of the stock market and building the capital market in Iraq, torn down to raise awareness of the investment in the market. This is the highlights shown by the annual report of the Iraq market for securities in the past year we found it useful to review the most prominent achieved in the stock market through an open dialogue with the Executive Director of the Iraq market for securities Taha Ahmed Abdul Salam al-Rubaie.
How do you see the results and indicators of stock market in 2011?
Says Taha Ahmed Abdul Salam in this regard: as I must point out that eight years is over since the founding of the Iraqi market for securities, where allowed its law No. 74, issued in 2004 and the license issued by the Securities Commission of the Stock Exchange the ability to operate as two-stage manual trading from the period 2004 2009 and then the electronic trading from 2009 until the moment.
He has made the market during the past year, the results of Sastardha here and that encouraged the market to adopt and foreseen in the plan for 2012, the index closed the Iraqi market for securities prices of traded shares in the last session of 2010 on (100.98) points and closed in the first trading session of the year 2011 at (103.11 points) and closed in the last session of 2011 on (136.03) points.
And this index rose by the year 2011 (34.7 percent) compared to the year 2010 and increased by (31.9 percent) compared with the first session of 2011.
Spring known as the index record is based on measuring the percentage change in the movement of share prices of a sample of companies that regularly shares traded and number (40) company. Measurement method is based on a consistent basis is the session 13/1/2010 to measure its value and also depends on the basis of mobile compared to its value at the current value in the session that preceded it.
And on the trading indicators in the Iraqi market for securities for the year 2011?
Systems, said the Iraqi market for securities (232) trading session at a rate of five meetings a week from Sunday to Thursday of each week. And trading of shares (83) companies out of (87) listed company. And, last held in 2011 on Tuesday, 20/12/2011.
The number of shares traded in 2011 (492) billion shares worth (941) billion dinars, and correspond to (784) million during the trading (132,574) contracts. The market value MarketCapitalization of shares listed on the market ((4930 billion dinars, and correspond to (4) billion dollars.
With the observation that the exchange rate one U.S. dollar for 2010 and 2011 is (1200) dinars, while the circulation of non-Iraqis, the number of shares purchased from non-Iraqi (82.7) billion shares worth 147 million dollars through the implementation of (22 549) contract on the shares of (79) company while the total number of shares sold by non-Iraqi (18.7) billion shares worth (41) million dollars through the implementation of the (3985) a contract on the shares) 73).
Tracking stock approach to disclosure and financial performance of the joint stock companies listed? What are the results?
In this regard Rubaie said: The number of listed companies in the Iraqi market for securities now (87) Company's contribution represents the sectors of banking, industry, financial investment, insurance, hotels and agriculture. Still the structure of sectors in the Iraqi economy lacks the companies important contribution such as telecommunication companies, services and holding companies and investment funds. And require companies that suffer from a fiscal deficit continued for more than two years to bring its procedures and modify plans to add to the GDP and to achieve its goals.
Among the most prominent features of transparency Salam confirms that Iraqi law ruled that the companies issuing the annual final accounts during a period not to exceed 150 days from the end of the previous year are also required to issue quarterly data in a period not exceeding 60 days from the date of the end of the chapter. A number of companies is committed to these times is displayed to stop trading in the stock market and the loss of the rights of shareholders and potential investors to deny, and as a result of the additional non-compliance affects the turnover of the stock and also on other stock indexes.
The number of companies stalled a decision of the Securities Commission on 09.08.2011 (22) Joint Stock Company has satisfied the requirements for non-disclosure in accordance with the instructions No. (14) committed during the subsequent months (11) company has returned to the circulation immediately after the submission of financial statements as of 31 / 12/2010 with continued suspension (11), including the very last session of trading in 2011.
He noted that the stock market following the administration departments of companies not included in the call for the inclusion, in accordance with the instructions issued by the listing of securities, including telecommunications companies in Iraq, and we hope that these companies meet the requirements of the listing during the year 2012.
What are the main means of culture of the stock market?
It is certain that the market and within its objectives to raise awareness in investing in securities and in this regard organized the stock market and its divisions related training courses including, train (610) students, students from colleges and universities in Iraq at the headquarters of the stock market, and the signing of ( contracts with deanships: Baghdad University / College Administration and Economics and the Higher Institute for Studies Accounting and Finance, to provide masters and doctoral students with information and data and help them to implement their research projects to obtain a master's degree and PhD in topics related to actively market, Iraq Stock Exchange and to propose topics and edit other topics.
In addition to holding a workshop on 16.4.2011 on the occasion of the passage of two years on the opening and continued activity of electronic trading in the Iraqi Stock Exchange for investors and those interested in an active stock market and the organization of courses many action can not be mentioned here can be found in the annual report has also been lecturing on the Iraqi Stock Exchange in many international forums.
On a question about the most prominent features of the plan of the Iraqi market for securities in 2012, said Rubaie, said the plan included the organization of (232) trading session an average of five sessions per week, monitoring and auditing of transactions and transactions in accordance with the rules and instructions for electronic trading and disclosure of transactions in accordance with the rates affecting According to the orders of. And the issuance of (232) File a report after trading sessions daily.
And the issuance of (12) monthly bulletin and the annual report and broadcast on the website once it had concluded and published quarterly and annual data for the joint stock companies listed. As the market continues to broadcast the daily price bar and status bar through the website of the Iraq market for securities during the trading sessions, which started for the first time beginning in December 2011. And cross-site MUBASHER. Broadcast stocks traded via Bloomberg and Thomson Routers across the site from 2012 for the first time in the stock market.
He pointed out that the determinants of market control trading with Cap Formula on purchase orders for brokerage firms and not to exceed cash balances in the bank clearing account and the balance of investors' T +0. Pending the issuance of the Securities Commission approval to Help Banks guarantor Custodian Banks, which will be then added a second option of making a clearing and settlement in the stock market and T +2 as desired by the clients.
In addition to the continued implementation of control instructions solvency brokerage companies and follow-up activity by the Department of censorship through the balances monthly, quarterly and annual final accounts.
He said: The plan also includes plans for monitoring the implementation of the semi-annual to all brokerage firms to audit the documents and the documents and the delegation of trading, which includes semi-annual periodic inspection and to refer offenders to the Committee on Discipline.
He noted that after the opening of spring, a sub-company of mediation in Erbil and Sulaymaniyah, and the success of electronic connectivity and enable Irbil branch of the electronic trading system of the Iraq market for securities directly as of May 2011. Iraq market will provide full support for any brokerage firm wishes to open a branch in the provinces of Iraq to enable investors and shareholders from trading directly from these branches.
He concluded, Taha Ahmed Rubaie to say, we seek to represent the Iraqi market in conferences and seminars of local, Arab and international private and government to attract investors and the definition of an active Iraqi Stock Exchange, and closer ties of cooperation and development and exchange of experience and the continued active participation in the Commission executives stemming from the European Union, the Asian stock markets, especially that Iraq market Securities may be re-elected to the Committee for the second time in 2010.
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