Baghdad – IA – Wissam Al-Mulla
The Chairman of the Securities Commission, Faisal Al-Haims, announced today, Thursday, the development of a systematic plan to present comprehensive government reform to the Iraqi financial market. While he confirmed that the stock market is witnessing unprecedented financial activity during the current government, he indicated that the average daily trading movement in the market reached 3 million. Arrow.
Al-Haims said, in his speech during the twentieth anniversary of the founding of the Securities Commission, under the slogan (The Importance of the Financial Services Sector in Supporting the Iraqi Economy) and attended by the correspondent of the (INA): “Over the past twenty years, the Commission has witnessed continuous efforts to regulate and develop the financial market. “It experienced serious challenges due to the circumstances that our country went through, but it was able to overcome them and draw up a regulatory framework to keep pace with the development taking place in the regional and global markets.”
Al-Humais added: “Since we took over the authority’s management, we have developed a systematic plan to present comprehensive government reform to the Iraqi financial market in accordance with the changes in the government curriculum of Prime Minister Muhammad Shia’ al-Sudani, and within months we have reaped the fruits of these steps, as the stock market is witnessing unprecedented financial activity in terms of stock exchange and high transparency.” In buying and selling operations and ensuring the rights of investors.
He continued: “The average daily trading volume is about three million shares, a number not previously recorded,” adding: “We are proud to continue to enhance confidence in the Iraqi stock market and achieve sustainable progress.”