February 8, 2021
We finally got to send another wire last week and this is our new share total. It will grow some as there is still a balance in the account to be used to fill our order.
1,391,009,197 Shares – 1,215,350,829 Value
3 thoughts on “1,391,009,197 Shares – 1,215,350,829 Value”
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Those are EPIC life changing figures Andy!
Movement to develop the Iraq Stock Exchange
Tuesday 09 February 2021
Baghdad: Hussein ThugB
Empowering the Iraqi market for securities represents the goal of the next stage of the Securities Commission, as the volume of shares circulation is a mirror reflecting the economic activity in the country, and the Commission’s efforts are looking to reach a trading volume of 3 – 5 million dollars per day to be a semi-emerging trading market.
The head of the Securities Commission, Faisal Al-Haims, said to {Al-Sabah} «There is an active movement to develop the Iraqi market for securities in proportion to the economic potential of Iraq».
Poor circulation
He added, “The reality of stock trading in the market is below the level of ambition, which makes it imperative for us to work on studying the causes of poor trading and moving towards addressing them.”
He pointed out that «Iraq has an economy not to be underestimated at the level of the region and the world and has the second oil reserves, and this large wealth in this sector, along with wealth in other sectors, can be more effective and this is positively reflected on the performance of the Iraqi market for securities».
Re-circulate
He revealed that «the Commission examined the causes of poor circulation and found that a number of companies were suspended due to their failure to make disclosure, and this prompted us to issue decisions based on the reality of the situation that Iraq and the world went through due to the Corona pandemic, which was considered a force majeure, and we were able to re-circulate a number of companies And work continues to look at the reasons for the suspension and address that and return a number of companies to circulation ».
He pointed out that «this measure helped to move inactive funds by re-trading the shares of the suspended companies after raising the reasons and this returned the movement to the reality of stocks».
Maximize circulation
Al-Haims also confirmed, “There are plans to maximize trading and its value, by introducing a daily trading volume of 3 to 5 million dollars, and from here we have a semi-emerging trading market that contributes to attracting foreign investments.” Pointing out that «this approach represents one of the most important goals that the Commission is working to achieve during the coming period».
He cautioned that «raising the level of foreign investments in the Iraqi market for securities requires the presence of attracting elements that contribute to this and the most important element of achieving profits by joint-stock companies and making use of price variables in daily trading».
He explained that «the legal environment for the functioning of the market is appropriate and appropriate for work, especially since the market is not modern and has been operating for a long time, and the country has wealth that makes us have a large stock market».
https://alsabaah.iq/41127/%D8%AD%D8%B1%D8%A7%D9%83-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%84%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D8%A9
Impressive! I’m of the thinking that dividends should be in the process in the first quarter. That haul should make our hearts sing!!
God Bless you Andy