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The stock market confirms its continuation of plans to develop electronic systems

On Monday, the Iraq Stock Exchange confirmed its continuation of plans for developing electronic systems for the year 2020-2021.

The market said in a statement, “Economy News” received a copy of it, that “on the occasion of the anniversary of the launch of electronic trading and central deposit in the Iraq Stock Exchange for the first time in the history of Iraq in April 2009.

He added that “on this occasion, the Board of Governors of the Iraq Stock Exchange confirms in its remote meeting using modern meeting methods to continue the plans for developing electronic systems for the year 2020 – 2021, including cooperation with Iraqi colleges and universities to implement the trading simulation and training program for students. And the implementation of the remote trading program For investors.”

He continued that “cooperation has been made with the Securities Commission and joint stock companies listed on the Iraq Stock Exchange to comply with the annual disclosure and provide audited financial statements for the joint stock companies, taking into account the due standards for the disclosure of material events.”

He emphasized “cooperation with the Securities Commission and the Central Bank of Iraq in issuing instructions and rules required to encourage investment and diversify securities in a manner that serves the directions of the Iraqi economy and the community’s need for types of investment and financial services.”

He indicated that “the health crisis and the elimination of the global epidemic and the Corona pandemic in Iraq and in the world will soon be overcome with your patience and commitment. We thank the efforts of the health personnel in Iraq, the military staff, the Baghdad Municipality and the Iraqi community for high response and awareness.”

He called the market “to practice your activity and investment activity in securities after lifting the curfew in accordance with the approved mechanisms and attention to periodic and annual disclosures and the development of your future plans.” Source