$115 million shares on the Bourse in 2006
13 April 2007 (Iraq Directory)
An Iraqi official in Amman said yesterday that the Iraq market for securities held 93 sessions during which 58 billion shares were circulated at a value of 146 billion Iraqi dinar (115 million dollars) in 2006.
Chairman of the Board of Governors of the Iraqi market for securities, Talib Al-Tabatabae, said on the sidelines of a conference on banking work in Iraq held in Amman that the market, which includes 100 company, had carried out 93 circulation sessions last year by two meetings a week; he also announced that the Iraqi Stock Exchange will shift, after four months, from the paper circulation to the electronic one, saying that not all companies will be included at once because it is a new practice and deserves caution for fear of falling into error.
According to Al-Tabatabae, the Iraqi market for securities was established after the war on Iraq in 2003 but the deteriorating security situation affected the market situation and the circulation activity. The conference which was concluded last Thursday in Amman, and was organized by the Iraqi government in collaboration with the American Agency for International Development, discussed the banking work in Iraq and the challenges of the twenty-first century. The Conference was also attended by Iraqis and American government, as well as banks’ officials in Iraq and a number of representatives of Arab countries, the IMF and the World Bank