Isx Is Key To A Raised Rate
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Does anyone know what day the ISX opens up to foreigners?
I have heard two dates, April 10th. and the 16th. I believe this is key to a raised rate.
Opening the ISX up to the current rate should be a huge concern for Iraq if they open the doors to foreigners without raising their rates. We will simply buy them out. What will they do? I saw where Darock said that he could buy 1,000,000 shares of Wharka for a little over $2,000. Here in America, that would cost over $1,000,000 to buy stock in one of our banks.
This article came out yesterday.
Investigations : foreign participants in the capital of Iraqi banks vexed control of foreign funds to the banking sector
Speculation or traded shares in the capital market, but other purposes Too demand and limited supply led to the rise in prices of shares, bankers and benefit co foreign. However, one of the reasons for the amount invested by foreigners for huge profits lies in the low share price agreed upon by the rate of exchange, after participating in comparison The Iraqi banking sector recovers foreign partnerships, but we still have fears of the possibility of control of foreign capital to this vital sector, leading to monopolies detrimental to this sector.
SO DOES ANYONE KNOW THE EXACT DATE THEY OPEN UP AT?
from another board strongtower
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The Iraqi Bourse is active again
After the decision of allowing Arabs and foreigners to circulate in the Iraqi bourse, activity started to crawl back into various sectors of the stock exchange, and especially banks and industry; the main indicators rose and the number of companies whose shares are being circulated increased, following a stage of decline in the bourse during the months of January and February.
The number of transactions carried out in the first session during the month of March reached 361 deal, while the volume of circulation rose to one million and 321 thousand dinars, and the number of shares traded around was about 709 thousand shares; the number of companies that have been circulating their shares rose to 38 companies from among the companies enlisted in seven sectors, and which amount to 93 companies with a nominal capital of 774 billion dinars.
It is hoped that indicators will continue escalating during the sessions of March so that the bourse's activity would be back to its former era, especially that electronic exchange will enter the Iraqi bourse in April after setting up devices and equipments and training the cadres for this developed type of circulation.
Source: Iraq Directory
