Rise in the number of shares traded during the month of the Iraqi Stock Exchange last June

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Rise in the number of shares traded during the month of the Iraqi Stock Exchange last June

Post by Seaview on Mon Jul 07, 2008 11:29 am

The Executive Director of the Iraq market for securities, Taha Ahmed Abdul Salam, said "the Iraqi Stock Exchange witnessed a rise in the number of shares traded during the month of June, compared to last May of this year 2008."

He added Abdel Salam, in an interview with "Uzmatik", today, Monday, that "the number of shares traded for the month of June last hit 36 billion and 797 million shares, valued at financial amounted to 96 billion and 635 million dinars, achieved through the implementation of 2422 A DEAL circulation, compared to seven 288 billion shares hit an altitude of 404% for the month of May last. "

He pointed out that "the number of shares traded for investors non-Iraqis, hit one billion and 1951 million shares, valued at financial amounted to three billion dinars through the implementation of the deal circulation of 299, reached an altitude of 249% in shares traded for the month of May of this year."

He attributed the Executive Director of the Iraq market for securities, this rise "to implement many of the transactions that require a complete package from the sale of shares without fragmentation, to be not less than 50 million shares, or 75 million dinars, or buyer wants to buy the full package as the most important controls Implementation rates prevailing during the meeting. "

Elsewhere revealed Abdel Salam, "the consent of the Board of Governors to include shares of Bank Al-Mansour, a capital of 55 billion dinars, for circulation in Iraq market for securities, indicating that this brings the number of banks traded in the market to 20 banks, in addition to increasing the number of companies Traded companies to 95, where was decided to start trading the shares of the bank during the meeting next Tuesday. "

Regarding his participation in the meetings of the Union of Arab Stock Exchanges No. 30, which was held in Beirut on June 27 last to choose president of the Union, said Abdul Salam, "it was during the meeting Adoption of the functions and powers of the Secretary General of the Federation and the conditions of his election."

He explained that "the Iraq market for securities, requested the convening of a meeting of the Federation in Iraq, while Iraq Stock Exchange which has received an invitation to participate in events and activities of the Egyptian Stock Exchange, also received warmly by Kuwait Stock Exchange, both on cooperation in various areas of activity aimed at the development and exchange Experiences. "

It is noteworthy that the Iraq market for securities, was founded in the eighth of April 2004, attests deliberated a week, at three meetings, held every one of them over two hours.

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