Foreign investments had increased in Iraqi Stock Market last month
April 22, 2009
The report expected the continuous development of this size as soon the timing of first electronic trading sessions in the Iraqi market for securities, the transfer of more companies to participate in electronic trading. It pointed out that among the most important events of March that contributed to the movement of trading shares prices, was choosing 5 companies to be the first contributors in electronic trading, they are Ashur Bank, al-Mansour Bank, The Commercial Bank, Ashtar Hotel and Al-Mansour Hotel, and announced on starting the work of Deposit Center in April for these companies' shares, and preparing to begin with the first meetings of electronic trading in the same month.
The announcement of reducing the percentage of interest rate has helped in motivating the stock market, according to the decision of the Central Bank of Iraq, starting from the first of April to be 9% per annum instead of 11% annually, and reducing the interest rates of credit to be 11% per annum for the initial credit and 12% for secondary credit and 12.5 % for the loans.(Source)AlSabah