Baghdad Stock Market seeks to open branches in Governorates

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Baghdad Stock Market seeks to open branches in Governorates

Post by diamondback on Sun Jul 27, 2008 9:40 pm

Baghdad Stock Market seeks to open branches in Governorates

Baghdad Stock Market seeks to open branches in Governorates
Translated by IRAQdirectory.com - [7/27/2008]











The Executive Director of the Iraq market for securities Taha Abdul Salam, announced that the improvement of security experience in Iraq during the first half of this year, contributed significantly to the revitalization of the Iraqi Stock Exchange. He stated to «Al Sabah », the number of shares traded amounted to 94 billion, compared with 27 billion for the same period of last year, an increase of 248 percent and increased the number of sessions from 50 to 67. The value of transactions increased 354 percent, rising from 46 billion to 209 billion dinars (about 180 million dollars), as the market index rose from 34 to 38 points. Abdul Salam expressed his confidence that online trading to be adopted during the very short period of time, will greatly enhance the performance of the stock market, which will enhance investment opportunities. He said: The Stock Exchange seeks to open branches in the governorates, the first will be in Babil province.

http://www.iraqdirectory.com/DisplayNews.aspx?id=6594

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