Arab Monetary Fund adopts the indices of the Iraq Stock Exchange
Baghdad: The Arab Monetary Fund included the indexes of the Iraq Stock Exchange to its data from the current month of September, and this is the first time that the indicators are displayed within the fund data.
The Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam in a statement seen by the “economic news”, that “as a result of the joint cooperation between the Iraqi Stock Exchange and the Securities Commission with the Arab Monetary Fund, has been completed the experimental stages of work in the download of trading data and indicators for the market Iraq during the month of August successfully by the Department of Electronic Systems.
As of the beginning of September, trading data within the Arab Monetary Fund’s database became among the 17 financial markets registered in the Fund, and the price index has become within the Fund’s composite index for Arab capital markets, for the first time in the history of Iraqi financial markets.
He pointed out that “the number of companies listed on the Iraqi market for securities 102 joint-stock companies constitute the sectors of banking, insurance, remittance, investment, industry, agriculture, communications, hotels, and the total capital of these companies 12130 billion shares.”
“This achievement is a positive step towards enhancing the confidence of investors in the Iraqi market and achieving the objectives of disclosure and transparency in accordance with international best practices,” Abdul Salam said.