BAGHDAD - Al Sabah
Authority announced the Iraq Stock Exchange, that the volume of trading in foreign shares during the year 2011 in the past Iraq has risen by 184 percent the value of 176.5 billion dinars, while the total during the previous year 62.8 billion Iraqi dinars.
The head of the Securities Abdul Razzaq al-Saadi, through a statement made by the Agency (Rn) that "the volume of foreign equity during the year 2011 last year hit 176.5 billion dinars; any increase of 184 percent from a year earlier after a volume of 62.8 billion Iraqi dinars ".
Saadi added that "the index was trading 136.03 points during the past year 2011, while in 2010 close to 100.98 points."
Saadi explained by saying that "the Commission continues its project to develop methods and systems used in the Iraqi market for securities and the development of methods of disclosure and dissemination of information and promote awareness of investment to foreign businessmen and Iraqis."
Volume of the year in the Iraqi market for securities during the last year, 941.2 billion an increase of 135.1 percent, after it had trading volume stood at 400.3 billion dinars in the year 2010, while the number of shares traded 492.3 billion, after the number of shares stood at 255.6 billion shares; any increase of 92.6 percent from the previous year.
The Securities Commission announced earlier on the progress of Iraq on the region the size of financial trading by 70 percent.
The Exchange began Iraq's activity in 2004, and shifted from manual trading to the use of screens handle electronic in 2009 and open for trading two hours a day five days a week, and is the banking sector is the broader discourse on the stock exchange, which also includes the shares of industrial companies and insurance companies, hotels and agricultural companies.
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