According to <i>Al-Taakhi</i> newspaper, the Baghdad Stock Exchange has witnessed unprecedented trade levels in terms of demand for stocks in the early days of March.
Talib al-Tabatabaie, the Chairman of the Baghdad Stock Exchange, said that the value of the traded stocks on Wednesday session amounted to ID 7 billion compared with ID 5 billion on the previous session. The chairman expects the demand for stocks, particularly the banking stocks, to grow impressively through the upcoming period.
He added that if non-Iraqis are permitted to invest on the stock exchange, it will reach unprecedented trade figures in the future.
© 2005 Mena Report (www.menareport.com)
