Iraq Stock Exchange
| Iraq Stock Exchange | |
|---|---|
| legal form | Non-profit organization |
| founding | June 24, 2004 |
| Seat | Baghdad , Iraq |
| Branch | Exchanges |
| Website | www.isx-iq.net |
The Iraq Stock Exchange (dt. "Stock Exchange of Iraq", abbreviation ISX ), the Stock Exchange of Iraq . It opened on June 24, 2004 and is based in Baghdad . Trading on the stock exchange takes place on Mondays and Wednesdays between ten and twelve o'clock. The exchange is a non-profit organization owned by the brokers. The government of Iraq has no authority; supervision is carried out by a stock exchange supervisory authority.
backgrounds
history
There was a stock exchange in Baghdad as early as 1992. However, this was completely controlled by the state, which is why today's exchange expressly does not see itself as its successor.
Stock exchange trading initially took place in the back room of a restaurant, but is now in its own guarded building.
Trading system
Trading on the Iraq Stock Exchange is currently still based on a system in which price changes are noted by hand on a board. Financed by international donations amounting to 7 million US dollars , however, a trading system for the Swedish-American Nasdaq OMX exchange is currently being implemented, which is to take over electronic trading on the Iraq Stock Exchange in the future .
Market data
In 2007 93 companies were listed, in 2006 there were 80, of which 29 industrial companies, 18 credit institutions, 13 service providers, ten agricultural companies, 10 companies from the hotel and tourism industry, nine investment companies and four insurance companies.
In 2006 the market capitalization was two trillion dinars . The "ISX-Index" of the stock exchange had a level of 64.996 points in 2004, by the end of June 2007 it had fallen to 25.694 points. Since April 2007 foreign investors have also been allowed to trade on the stock exchange.
Web links
- Exchange website (Arabic, English)
- Handelsblatt - Finanzzeitung, Risky Money , 29./30. June / 1. July 2007, p. 25
Individual evidence
- ↑ Financial Times Deutschland: June 16, 2009 (page 19)