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Iraq agreed with the World Bank to strengthen confidence in Iraq market for securities
19/06/2011 21:17
Baghdad, June 19 (aknews) – the Executive Director of the Iraq market on Sunday, the Iraqi Government agreed with the Bank (H.H.P.T) which spreads across the world to promote confidence with Iraq stock exchange market and encourage overseas recruit contributors their money in companies operating in Iraq.
Abdul Razzak Al-Saadi said the Iraqi News Agency (aknews) that "the Iraqi Government agreed with the World Bank (H.H.P.T) for the development of securities market and Iraq widen circulation sale of foreign currency in the country".
"The Bank that spread across the world will enter a contributor to the Iraqi market after ensuring their money involved for Iraq".
"Bank (H.H.P.T) promised to introduce capital investors, and provided the necessary coordination of their archives with Iraq stock exchange market in the period ahead to develop the market and raise the share of foreign trade".
Iraq stock exchange was launched in 2004 a capitalist rare in a country dominated by State companies.
Turning stock trading manual to use electronic screens dealing in 2009 and open trading hours a day five days a week.
And the banking sector was the biggest in the stocks that also include industrial firms and insurance companies, hotels and agriculture companies.
The total value of shares listed nearly three billion dollars.
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