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Financial expert: the continuing decline of the stock market evidence of the weakness of the national economy
Ali Salman - 05/08/2012 PM - 7:17 | Hits: 41
According to financial expert Maytham and coffee, that the stock market reflects the activity of the national economy, when high index it shows the strength of the economy, while falling a sign of weakness, noting that there were many variables control the economic growth in the country. Said and coffee companies are registered in the stock market when become a production and profits will move the national economy and will be reflected positively on the stock index through height, while if it failed to these companies in their work and suffered big losses will reflect negatively on the economy first and index II. He pointed to: the continued decline of the Iraqi Stock Exchange for days in a row is a sign the weakness of economic activity in the country because of political problems and international changes taking place in most countries of the Arab world, like spring or international sanctions and the international economic crisis that affected the national economy being dependent on oil yield and also influenced the work of investment companies. It is noteworthy that the Iraqi market for securities was established in June (2004) in Baghdad, operates under the supervision of the Securities Commission of Iraq, an independent body was established as the U.S. Securities and Exchange. A year ago (2003) was called on the current market name (Baghdad Stock Exchange) and run by the Iraqi Ministry of Finance, but now it is the self-regulating and, when it opened there was a (15) companies listed on the market, and currently is inserted (100) companies, including listed companies in the market sectors of banking, insurance, investment, services and industrial companies, agricultural and even tourism companies, The number of listed companies until April 2012 (86).
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