isx web page back up!!
سوق العراق للأوراق المالية
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isx web page back up!!
سوق العراق للأوراق المالية
Section Six: Going Forward—New Goals
سوق العراق للأوراق المالية
1. Hold daily trading sessions in addition to completing all related auditing and clearance work. Publish timely information regarding trading activity.
2. Continue to list more companies as they meet listing requirements.
3. Participate in conferences and international symposiums.
4. Initiate development and training programs in cooperation with other exchanges, especially in the Middle East.
5. Install and begin operating the automated electronic trading system.
6. Assist in the eventual privatization of state owned enterprises.
7. Plan on joining other regional and global stock exchange associations.
8. Support the adoption of the new Securities Law in cooperation with the ISC.
9. Hold meetings and symposiums with financial investment companies and investors.
10. Publish trading data and information about the ISX to encourage investment in Iraq.
11. Publish an Iraqi Company Guide which will present information and data to enable investors to evaluate company share prices.
12. Opening of regional branches that will be electronically linked to the exchange in Baghdad.
13. Contract with a satellite channel to spread trading session information to all investors.
14. Obtain permission by the ISC for foreign investment on the ISX.
سوق العراق للأوراق المالية
Iraqi's Investment
Non Iraqi's Investment
here is the link I hope it works i am no good with computers
http://www.isx-iq.com/page/english/b...07/6/6-6-e.htm
take a look at the link provided and look at the buy and selling prices of stocks cause at present u cant use 1.40 iqd with the currence on the market at the mo...buy why would the be selling it at that rate ??? they MUST have a new price for the nid ready for tomorrow
My advisor asks - please justify your statement if you can?
Do you mean dollar price is not consistent with dinar price of the shares?
i dont understand it much myself thats why i asked a friend to look at it,what he said was,
jase there is no way that 1.40 usd is on par with nid at a that rate of 1260 nid nor is it 1260 nid per any other currency..the only way to get it would to be pegged (basket sdr) or floated at 1.40 on the exchange and when the market opens it grows more it cant be a live stock market at a rate of 1.40 ish and trade and they were going to float or peg it and its weaker than 1.40 as they would lose billions in a matter of minutes i think we have found what they are going to float the nid at tomorrow thay wont lose money but gain:ro_emote:
"He's awfully sorry but he's not convinced - your argument is less than robust."
That's his quote above - all I can say is he doesn't feel your being clear and he's not sure where you got 1.40 from - perhaps you could clarify that?
Iraq Stock Exchange / Daily Bulletin Wednesday 6 June 2007
Company Treded Volume Opening Closing Average Previous Highest Lowest Last Bid Last Offer Number of
Name Shares Price Price Price Averge Price Price Price Price Price Trades
Banks Sector
Commercial Bank of Iraqi 23462500 32870625 1.450 1.400 1.400 1.400 1.450 1.400 1.400 1.450 9
Bank Of Baghdad 13047000 28958400 2.250 2.200 2.200 2.200 2.300 2.200 2.150 2.250 14
Iraqi Islamic Bank for investment & development 38616586 30893269 0.800 0.800 0.800 0.800 0.800 0.800 0.800 0.850 9
Iraqi Middle East Investment Bank 47907279 119637198 2.450 2.500 2.500 2.400 2.500 2.450 2.500 2.550 26
Investment Bank Of Iraqi 19046887 23346396 1.250 1.250 1.250 1.250 1.250 1.200 1.200 1.250 22
Basrah International Bank for Investment 10005693 10505978 1.050 1.050 1.050 1.050 1.050 1.050 1.050 1.100 7
National Bank of Iraq 5965241 6213503 1.000 1.050 1.050 1.000 1.050 1.000 1.000 1.050 5
Credit Bank of Iraq 1704770 7358965 4.500 4.250 4.300 4.300 4.500 4.250 0.000 4.400 4
Dar Essalam Investment Bank 297000 1885950 6.350 6.350 6.350 6.150 6.350 6.350 5.800 6.500 1
Sumer Commercial Bank 26880608 26880608 1.000 1.000 1.000 1.000 1.000 1.000 1.000 0.000 5
Economy Bank for Investment 6500000 14950000 2.300 2.300 2.300 2.300 2.300 2.300 2.150 0.000 2
Gulf commercial Bank 1000000 1200000 1.200 1.200 1.200 1.200 1.200 1.200 1.150 1.300 2
Union Bank of Iraq 23307000 25660200 1.100 1.100 1.100 1.050 1.150 1.050 1.100 0.000 13
North Bank 253130437 311936960 1.000 1.500 1.250 1.000 1.500 1.000 0.000 0.000 65
Kurdistan International Bank for Investment & Development 910000 1592500 1.750 1.750 1.750 1.800 1.750 1.750 1.600 1.750 1
Total 471781001 643890552 ISX price index 36.058 0.552 185
i am really confussed neno justify what mate
ok now i understand
Share prices are at a rate unknown to us so were have they got them prices from as they are higher that 1260
That alot of shares in dinars for opening and closing at 1.40 if that was in dollars.
Commercial Bank of Iraqi 23462500 32870625 1.450 1.400 1.400 1.400 1.450 1.400 1.400 1.450
What is that, about 9.4 million difference for shares traded?
"I believe these prices are dinars not dollars. These prices are 1400 dinars (i mean fils)"
i am waiting for a phone call back as i dont understand it to well were is knowles when u need him lol if it true then we are on the money
But how would this tie into any RV? Here are the numbers from October 2006
http://www.isx-iq.com/page/english/b...rt/10-2006.htm
Apparently the price of the share is nothing to do with the price of the dinar. Apparently we're confusing 1260 dinar price per dollar with a price of a dinar in shares. The two are not related. Currency prices and share prices are not related. (1400= fils - or equiv of british pennies).
I think I got that right - might have to go check.
the new prices are from june 6th 2007
Those are the correct prices per share in dinar. For example you can buy one share of the Commercial Bank of Iraq for 1.40 dinar. Yes, the shares are that cheep now. When you think of 1260 that means that for every $1 USD Iraq will give you 1260 dinar so $1=1260 NID
You can add me too, Please
So....do we have a reval or not??? Just curious.
Heck - bigjase1 - sorry - I was quite busy earlier and only had half an eye with someone wiser than I on this. I think I just got what you're trying to say - I'm going to check this and clarify it.:cheers:
Hi all after a 2 hr phone to 2 top bankers in london this is what i have found out to be TRUE FACTS
its not penny stocks
it is a true stock market
it is 1.40 nid
and the stock market is due to trade monday if everything goes to plan
The 1.40 nid is a price for a share but its not the new exchange rate 1.40 per nid its what it cost to buy a share there is a mention that the nid will be pegged to sdr but for all this share buying and the stock market to open to none iraqis its got to be international tradeable and at a good rate otherwise the stock market will close end of day billions down and share prices will drop within minute and what ever shares are forsale will be brought up by the of the days trade also the iraq ecomony will be hit even harder i stand by this info my friend ben has given me he has spent hours looking into this and talking with the right people in uk america and china its big news in the right circles so ben was telling me (as he has just found out himself) i hope this does help:cheers:
oh yeah the debt relief is a true fact but this what else i was told if u owed 80 billion out to other countries and your exchange rate was 1260 u would not be able to pay it off at all..but if ur were to talk to the other countries you owed monies to and said drop 50% to 80% of the figure cause when we revalue our money with the 50% or whatever debt still owe it will be worth more to u if also holding nid so for the sake of our ecomony exchange over a couple of years u will get all monies owed to u back it also show the trade world iraq has a strong hold on there stock market with a strong nid