Home
Report: More of 941 billion dinars, the total trading volume in the stock market in 2011
On: Tue 1/17/2012 7:29
□ Baghdad / Qais rods
revealed the annual report issued by the Iraqi market for securities of the total shares traded last year by more than 492 billion shares worth more than of 941 billion dinars.
The report, obtained (range) a copy of it to the Iraqi market for securities held (232) Trading Session
The rate of five sessions per week during the trading of shares (83) companies out of (87) listed companies.
The last session for 2011 on Tuesday, 20/12/2011. Where 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 of shares listed on the market ((4930 billion dinars, and correspond to (4) billions of dollars.
The report noted that the volume of trading amounted to non-Iraqi (82.7) billion shares worth 147 million dollars through the implementation of (22 549) contract on the shares (79) company. while the total number of shares sold by non-Iraqis (18, 7) billion shares worth (41) million dollars through the implementation of the (3985) a contract on the shares (73) company.
The report that the companies listed on the market, amounting to (87) Company's contribution represents the sectors of banking, industry, financial investment, insurance, hotels and agriculture. and still the structure of sectors of the Iraqi economy lacks the companies important contribution such as telecommunication companies, services and holding companies and investment funds. He pointed out that companies that suffer from a deficit of continuing financial need for more than two years to bring its procedures and modify plans to add to the domestic product (GDP) to achieve its goals.
and ruled that the Iraqi law on companies contributing to the issuance of annual final accounts during a period not to exceed 150 days from the end of the previous year to issuance also ruled that the issuance of quarterly data within a period not exceeding 60 days from the date of the end of the chapter. A number of companies is committed to these times, which displays them to stop trading in the stock market and the loss of to shareholders and the denial of the potential investors and as a result of additional is its failure to affect the turnover of the stock and also stock indexes other.
The report revealed the number of companies stalled a decision of the Securities Commission of $ (22) joint stock company for not satisfied all the requirements of disclosure in accordance with the instructions No. (14).
and committed of them (11) company that has been returned to the circulation immediately after the submission of financial statements 03.12.2010 The continued suspension (11), including the very last session of trading in 2011.
The report uncovered companies suspended from trading a firm transfer of petroleum products. beer company Oriental Company, Baghdad, car services, and Nineveh, the food industry, and sewing modern, Crescent industrial, light industry, electronic industry, and the Palestine Hotel, hotel bar, and the Iraqi seed production.
[You must be registered and logged in to see this link.]
