Economist: low stock market does not affect the country's economy
Tuesday 31/7/2012 8:43
Baghdad / range : saw an economist that the decline in the index do not significantly affect the country's economy. said economist Majid picture, according to / Nina / The market for the Iraq Stock Exchange does not represent the real economy of Iraq because it is more than 80 companies are trading their shares. "He added" that the development of the private sector can affect more in the economy, as
That the increase in capital of banks affect the other in economic activity. "He explained," that the economic situation now reflects put on the stock market through the economic chaos caused by the security and political situation, "noting that rises and falls are the result of speculation in the Iraqi market for securities. Last week saw a decline in the index of the Iraqi market for securities of four of the five daily sessions of trading. and closed the Iraqi market for securities its normal on Monday, down by (0.42%).
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According to the Information Office of the market in a statement seen by the long, said that "the market index Register at closing (114.13), and the rate of change was (-0.42), "noting that" the value traded recorded (2,192,507,626), while the Shares (1,566,512,749). ", he added," During the session trading (38) a joint stock company out of ( 84) companies listed electronically, "pointing to" high stock prices ( companies, a decline in stock prices (20) company. "and noted that" stocks Authority reached (10) and stalled a decision of the ( companies, while the Not Trading Companies (28) company, "pointing out that" the number of deals that kept the session amounted to (609). "and explained that" the banking sector co-b (14), reaching shares traded sector (1,255,922,255) and the value of (1,509,867,433). "