FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
IRAQ STOCK EXCHANGE
xxxx
Taha Ahmed Abdul Salam
CEO
The Iraq Stock exchange had make the
elections to have new board of governors in
May 2008. The ISX is very close to go live with
the automation this year, and we believe that
we can start that in November 2008.
The ISX had signed an agreement with
Mubasher company to design new web site
for the ISX and Mubasher is hereby granted
the exclusive world wide right by ISX to
distribute the ISX market data and accordingly
enable its subscribers interested to get the
access to the delayed and real-time market
information via Internet, satellites and other
communication networks. Mubasher shall
disseminate the Data in Arabic and English in
Real time or delayed basis through its online
and offline network.
FUTURE OUTLOOK
• Hold daily trading sessions in addition to
completing all related auditing and clearance
work. Publish timely information regarding
trading activity.
• Continue to list more companies as they
meet listing requirements.
• Participate in conferences and international
symposiums.
• Initiate development and training programs in
cooperation with other exchanges, especially in
the Middle East.
• Number of listed companies (94)
• Number of companies traded (81)
• Number of trading sessions (72)
• Number of shares traded (94.582) billion
shares
• Trading volume US$ (175)million
• The number of contracts executed (16498)
• No. of shares traded for non-Iraq's (6.213)
billion shares.
• Trading volume for non-Iraq's US$
(8.743)million
• Market index has closed at the last session
in 2007 at the (34.590) points
and closed at the last session of the month of
January 2008 at (34.020) points. With the
closing in the last session of the month of
June 2008, the current total is (38.145) points
• Install and begin operating the automated
electronic trading system. We are planning to
do that in December 2008.
• Assist in the eventual privatization of state
owned enterprises.
• Plan on joining other regional and global
stock exchange associations.
• Support the adoption of the new Securities
Law in cooperation with the ISC.
• Hold meetings and symposiums with financial
investment companies and investors.
• Publish trading data and information about
the ISX to encourage investment in Iraq.
• Publish an Iraqi Company Guide which will
present information and data to enable
investors to evaluate company share prices.
• Opening of regional branches that will be
electronically linked to the exchange in
Baghdad. After going live with the automation.
• Contract with a satellite channel to spread
trading session information to all investors.
CONTACT INFORMATION
Contact Name Mr. Jimmy Afham Toma
E-mail [email protected]
Website www.isx-iq.net
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