Baghdad – IA – Wissam Al-Mulla
Today, Thursday, the Securities Commission announced the conclusion of an agreement with the International Finance Organization to develop the Iraqi market, and while it indicated the preparation of a guidebook to increase the transparency of companies, it confirmed that the new website of the Iraqi Stock Exchange will cover spot stock prices and is considered a qualitative leap.
Chairman of the Securities Commission, Faisal Al-Haims, told the (INA): “The Commission signed an agreement with the International Finance Organization in the first quarter of this year, to develop the work of the Iraqi Stock Exchange.”
He explained, “The Authority worked to develop the guidance booklet and the government guide for companies, which it is hoped will be ready at the end of the year, in order to present it to companies and benefit from the instructions contained in it.”
He pointed out that “the booklet aims to increase the level of transparency for companies listed on the Iraqi Stock Exchange, which are often late in publishing essential information and accounts, which affects investors.”
He stressed, “The Authority launched the new website for the Iraq Stock Exchange, which will cover spot stock prices, which will allow the investor to read the market movements of any company. This is a qualitative shift that will result in an increase in trading.”