TITLE

New law to boost Iraq stock market

PUB. DATE
June 2010
SOURCE
MEED: Middle East Economic Digest;6/18/2010, Vol. 54 Issue 25, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a proposed legislation will spur the Iraq stock market, boost its trading volumes and generate foreign investment. It will propose a minimum capital requirement of 214 million dollars for Iraqi banks, which would result in billions of new shares as they comprise about 75 percent of the exchange by both market capitalization and trading volume. The new law will also allow firms to list at market value instead of listing at the value of the company's capitalization.
ACCESSION #
52047721

 

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