The Deterioration of the General Situation in the Country Led to the Fluctuation of Stock Index
|September 30, 2013||Filled under Iraq Daily News|
Baghdad (news) .. Attributed by the Economic Commission MP / National Alliance / Ibrahim stirrup, the reason for fluctuation Iraqi Stock Exchange index slipped rates trading to the lack of security and political stability in the country.
Said stirrup (of the Agency news): The auction stock depends on the ratio of supply and demand, which in turn affects the price exchange rate of the dinar and the dollar, adding that the stability of the political and security situation works to stabilize the exchange rate and the movement of cash and expand trade.
Explained: that despite the economic growth that Link Iraq, which is estimated at about 10%, but the economy remains very weak and unilateral dependence on oil as a resource essential . said: that Iraq needs to diversify in its industrial and agricultural sector, particularly because each of these factors in turn affect the auction the stock market and the stock market.
Noteworthy that the Iraqi market for securities was established in June (2004) in Baghdad, and works under the supervision of the Securities Commission, the Iraqi independent body set up along the lines of the U.S. Commission for Securities and Exchange Commission.
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