Iraqi Stock Exchange is preparing to join the International Federation of Stock Exchanges
Source : file Presse-21 / 03 / 2007

It is expected that the market for Iraq securities important developments during the coming period, where it is hoped accession to the International Federation of Stock Exchanges, as well as the updated rules and procedures for the circulation of non-Iraqi Arabs and foreigners, after the government agreed to, and empowered stakeholders preparing special instructions in this regard, as The market continued to take measures to complete the project of electronic transaction and central depository, including means to achieve the level of connectivity with Arab and international stock exchanges and mutual investment guarantee and equity trading.

This was emphasized by the Executive Director of the Iraq market for securities Taha Ahmed Abdul Salam, explaining that participated in the Iraqi Stock Exchange earlier this year in the establishment of the Union of Arab Stock Exchanges across the Iraqi securities, and market accession to the Union of Asian bourses were early last year, and that stage training in the use of the electronic trading system has been completed, and is continually being installed devices and equipment for the direct application of this system and transfer files investors of companies contributing to the deposit, which will help in dealing with everyday problems of the work of the Stock Exchange, and more rapid turnover of shares, as well as to encourage investors training and moving to electronic trading and accept the inclusion of new companies in the market, as well as the expansion of the investment signing of the agreement with the concerned bodies in Cordstan to open the hall to circulate securities, there are electronically connected with the market in Baghdad, Iraq, as well as the study of a similar step for the opening of the circulation in Basra.

And is noteworthy that the Iraq market for securities implemented during 2006 last 93 meetings circulation rate of two per week, during which the circulation of 58 billion shares worth 146 billion dinars.