Iraq stock market traded 522 bn dinars in 2016
Iraq’s stock market said Monday it traded one trillion stocks in 2016 worth 522 billion dinars, with the market closing at 649 points.
The stock market’s executive director, Taha Abdul-Salam, said in statements that Monday was the market’s last trading session for 2016, adding that it brings the total of sessions held throughout the year to 234.
He added that the one trillion stocks traded during the year by Iraqi joint-stock companies represents an increase of 67 percent from the preceding year.
The value of the traded stocks also represents a surge of 5 percent from 2015.
Iraq’s stock market has adopted electronic trading and central depositing since 2009, and eyes internet trading for investors during the first quarter of 2017. The market holds five sessions a week from Sunday to Thursday, and enlists 97 Iraqi joint-stock companies representing various sectors such as banking, telecommunications, industry, agriculture, insurance, financial investments, tourism and hotels.