Long-Presse / Baghdad
Iraq Stock Exchange announced on Monday, the high number of shares traded during October 2016, by more than 100% compared to last September, while confirming that the number of shares amounted to 53 thousand and 484 shares, valued at 29 billion and 648 million dinars.
The executive director of the market, Taha Ahmed Abdul Salam, in an interview to the (long-Presse), “The Iraq Stock Exchange was organized in October 2016 a month, twenty sessions with the participation of 55 companies traded shares where,” noting that “the shares of 21 companies were not traded for non-display compatibility with the demand, to become the number suspended from trading companies for the issuance of decisions of the Securities Commission to stop its shares for 19 companies. “
He said Abdul Salam, that “the October 2016 month, trading has witnessed 53 thousand and 484 shares, valued at 29 billion and 648 million dinars,” adding, “The banking sector is still the largest traders in the market in terms of the number of shares listed by 67% of the total market and it still represents the biggest turnover of the shares by 0.8, while solving the telecommunications sector secondly by 22% despite the weakness of its shares turnover rate by 0.004. “
He explained Executive Director of the market, that the “number of shares traded during last October, rose by more than 100% compared to September with the previous month,” attributing the causes to “the number of companies traded higher by 10% and the launch of trading in the current month, the number of companies which it was parked and characterized by high stock turnover rate. “
He said Abdul Salam, that “the number of transactions is also increased by more than 100%, with the failure to adopt trading indicators on the big deals, as well as higher market price index of shares traded increased by 7.7%,” pointing out that “the value of shares traded for the reasons above combined rose by more than percent percent. “
And on the shares bought by non-Iraqis, confirmed Abdul Salam, that “the number reached 160 million and 878 thousand private to 22 companies listed in the market were traded through 233 transactions worth buying 529 000 473 thousand dinars,” noting that “the number of shares sold by non-Iraqi amounted to 973 million and 879 thousand shares with 12 private listed company, were traded through 245 transactions valued at $ 709,000,803 thousand dinars. “
He said Abdul Salam, that “the market index (ISX60) closed at the end of last October, on 604.500 points, up by 7.75% compared to its value at the close of the month of September, amounting to 561.010 points.”
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