Failure of the Iraqi Stock Exchange (ISX)
I encourage my readers to go read the article titled “CORRUPTION AND FAVORITISM WEAKEN THE IRAQI STOCK EXCHANGE: NEGLECTED LAWS AND A BITTER REALITY”
Many joint-stock companies and banks participating in the Iraq Stock Exchange have shown their failure to submit their final financial statements for the year 2023, reflecting a state of chaos and indifference towards the laws regulating the work of the Iraq Stock Exchange.
The market suffers from a continuous disregard for the legal articles regulating the relationship between companies and the market, as Article 14 obliges listed companies to prepare and publish periodic financial reports that include balance sheets and profit and loss accounts, in addition to detailed annual reports.
However, the reality indicates that many companies blatantly ignore this article, leading to a significant lack of transparency and information available to investors.
So tell me in r
No comments:
Post a Comment