* Director of the stock market calls for support for limited companies
Director of the stock market calls for support for limited companies Fri, 27 Jan 2012 at: 10:43Agencies: in the context of the efforts of the Iraqi market for securities to increase the trading of stocks and bonds called for Executive Director of the market, Taha Ahmed Abdul Salam in an interview with “Radio Sawa” the government to support the limited companies and encourage them to convert to joint stock companies by increasing their capital to one billion dinars to allow entry stock market and the impact that has a positive effect on growth witnessed by the fledgling Iraqi capital market.
For his part, said economic analyst Hussein Allawi, he supported the call to enable companies to keep abreast of promising investment in the country.
The House of Representatives has passed earlier securities law but its implementation has seen the most obvious problems of financial expert, Ahmed Taha in Hadt “Radio Sawa” in which he referred to the need for Iraq to economic and financial laws contribute to the activation of the economic sector.
It is noteworthy that the profits of the Iraqi market for securities increased year by 35 percent from the year 2010 made him the top of Arab capital markets in financial transactions.
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