Baghdad, Iraq: Political occasions in Iraq with the faltering federal government formation four months immediately after parliamentary elections contributed to a stock marketplace problem in Iraq’s financial marketplace as trading volumes fell 67% for the thirty day period of July. .
According to Tugba Tan Karakaya, research analyst at Rabie Securities: “With the Eid al-Adha holiday getaway and the latest political disaster, and the protests in Iraq, it is no ponder that we are observing a weak spot in volumes. investing, even though investors wait around to see what these buildups will guide to and the alternative in the conclusion. In the long run, it may consider a handful of months to see where by Iraq is headed. Despite this bleak photograph, in July we observed an trade charge improve of 16.6%. as opposed to the prior month “.
The figures suggest that 35.5% of the volume of trade was linked to the banking sector, adopted by the telecommunications sector with 18.7% and then by the industrial sector with 17.% of full trade.
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