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ACL shares doubled capital of the Iraqi Stock Exchange
Author: HAA
Editor: HH, NF
2013/03/05 16:41
Term Press / Baghdad
Announced the Iraqi market for securities, on Tuesday, that the IPO of Asia Cell Telecommunication in circulation doubled capital stock during the month of February to more than nine billion dollars, as he emphasized that the company has become the largest shareholder in the market.
The director of the Iraqi market for securities Taha Abdul Salam in a press statement, "The capital market has doubled in the month of February, for the end of January, the former was four billion and six million dollars, bringing to nine billion and $ 200 million."
He said Abdul Salam that "the number of shares offered for trading in the market during the month of February, including the shares of ACL, were approximately 83 billion shares, compared with 69 billion in the end of January," noting that "the value of shares offered for trading rose to 217 billion Iraqi dinars (186 million dollars), up from 99 billion Iraqi dinars ($ 85 million).
He continued market manager that "deliberation 5 billion shares at 22 dinars is the largest currently on the market," noting that "the success of IPO ACL, has given confidence to investors of Iraqis and non-Iraqis that the Iraqi market can manage this process and the biggest of them, too."
Salam pointed out that "the ACL was only 5 billion shares circulated in the market during the 20 meetings in the month of February with a total value reached 101 billion Iraqi dinars (86.72 million dollars)."
The Asia-Cell in the biggest launch of its ordinary shares since 2008, has collected nearly $ 1.27 billion, when it sold 67.5 billion shares in the third month of February at a price of 22.0 dinars per share.
The stock price AsiaCell by 10% at the latest on the first day of trading, reaching to 24.2 dinars to close at a price of 22.01 at the last day of trading.
Noteworthy that put Asia Cell shares in the market, is a wider experience in the region since the fall of Saddam's regime in 2003, as it was offering a test of confidence enjoyed by the Iraqi economy, which started recovering after years of war and siege.
The Asia-Cell revealed (26 December 2012), it will present at the beginning of this year, shares in the Iraqi market for securities valued at $ 1.23 billion.
The ACL, the company that owns the Qatar Telecom (Qatar Telecom) the majority of its shares, is the second largest mobile operators in Iraq, where the number of its subscribers about 9.9 million subscribers, and come back "Zain" originally, which has 12 million subscribers joint.
And the Iraqi market for securities, which commenced its operations in 2004, is one of the examples on the success of the private sector in the country is still a dominant public sector companies it.
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Author: HAA
Editor: HH, NF
2013/03/05 16:41
Term Press / Baghdad
Announced the Iraqi market for securities, on Tuesday, that the IPO of Asia Cell Telecommunication in circulation doubled capital stock during the month of February to more than nine billion dollars, as he emphasized that the company has become the largest shareholder in the market.
The director of the Iraqi market for securities Taha Abdul Salam in a press statement, "The capital market has doubled in the month of February, for the end of January, the former was four billion and six million dollars, bringing to nine billion and $ 200 million."
He said Abdul Salam that "the number of shares offered for trading in the market during the month of February, including the shares of ACL, were approximately 83 billion shares, compared with 69 billion in the end of January," noting that "the value of shares offered for trading rose to 217 billion Iraqi dinars (186 million dollars), up from 99 billion Iraqi dinars ($ 85 million).
He continued market manager that "deliberation 5 billion shares at 22 dinars is the largest currently on the market," noting that "the success of IPO ACL, has given confidence to investors of Iraqis and non-Iraqis that the Iraqi market can manage this process and the biggest of them, too."
Salam pointed out that "the ACL was only 5 billion shares circulated in the market during the 20 meetings in the month of February with a total value reached 101 billion Iraqi dinars (86.72 million dollars)."
The Asia-Cell in the biggest launch of its ordinary shares since 2008, has collected nearly $ 1.27 billion, when it sold 67.5 billion shares in the third month of February at a price of 22.0 dinars per share.
The stock price AsiaCell by 10% at the latest on the first day of trading, reaching to 24.2 dinars to close at a price of 22.01 at the last day of trading.
Noteworthy that put Asia Cell shares in the market, is a wider experience in the region since the fall of Saddam's regime in 2003, as it was offering a test of confidence enjoyed by the Iraqi economy, which started recovering after years of war and siege.
The Asia-Cell revealed (26 December 2012), it will present at the beginning of this year, shares in the Iraqi market for securities valued at $ 1.23 billion.
The ACL, the company that owns the Qatar Telecom (Qatar Telecom) the majority of its shares, is the second largest mobile operators in Iraq, where the number of its subscribers about 9.9 million subscribers, and come back "Zain" originally, which has 12 million subscribers joint.
And the Iraqi market for securities, which commenced its operations in 2004, is one of the examples on the success of the private sector in the country is still a dominant public sector companies it.
[You must be registered and logged in to see this link.]
