Reduction of Iraqis in the stock market, says Central Bank of Iraq

On Monday, the central bank of Iraq has announced a significant decrease of the number of non-Iraqis dealers in the stock market.
According to the bank, as revealed in a banked statement, “The trading volume (non-Iraqi) to the banking sector fell to 2.2 billion dinars ($ 1.9 million), up 66 percent from the same period of 2012, amounting to 6.4 billion dinars. “
It has been also illustrated that foreign investment in the Iraqi market for securities amounted to 949 billion dinars ($ 700 million) this year, compared with 6.4 billion in the first quarter of last year. Presently, this decline in investment in the stock exchange of Iraq is a matter of concern for the government. Though, the concern is small at this frame of time but it may cause bigger concerns for the government and hence, required actions should be taken at the earliest.
Last Update:: 14/08/2013
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