IMPORTANT IRAQ NEWS: AMONG THEM IS THE DELAY IN DISTRIBUTING PROFITS.. AN ECONOMIC DIAGNOSIS OF THE REASONS FOR THE DECLINE IN STOCK PRICES ON THE IRAQI STOCK EXCHANGE BY MNT GOAT, 17 AUGUST

AMONG THEM IS THE DELAY IN DISTRIBUTING PROFITS.. AN ECONOMIC DIAGNOSIS OF THE REASONS FOR THE DECLINE IN STOCK PRICES ON THE IRAQI STOCK EXCHANGE

Financial markets expert, Tamara Hussein, attributed the decline in stock prices on the Iraqi Stock Exchange today, Thursday, to the lack of demand from investors. 

Most of the stocks in the Iraq Stock Exchange have witnessed a decline in their value since the tension in the region, as the leading stocks continue to decline. 

Hussein said, in an interview with “Al-Eqtisad News”, that “the decline in stock prices in the Iraqi Stock Exchange is due to many reasons:

1.the most important of which is the weak demand due to the lack of liquidity available in the market, as well as the increase in banks’ capital through subscriptions that were conducted in previous months, as they withdrew a lot of money from investors.”

2.She added, “The other reason is the delay in distributing the profits that were approved by some banks,” adding, “We hope that the market’s performance will improve after they are distributed.”

3.She pointed out that, “The third issue revolves around foreign investors’ sales, in addition to inaccurate news that talks about the possibility of a global crisis in the financial markets, which caused a state of panic and withdrawal from trading, which is an expected and natural situation.”

The financial markets expert expected that “leading companies will regain their usual positions in the coming months.”