VOICED: Iraq stock market embraces new technology

The Iraqi stock market, after years of conflict, is transitioning from a manual to an electronic trading system. This change, starting with the top five companies, aims to modernize the market, reduce trade times, and align Iraq with global markets. The move is expected to attract foreign investment and improve market efficiency, although challenges remain in fully implementing the new system.

What significant change is the Iraqi stock market undergoing?

• Increasing the number of manual trades

• Closing the market permanently

• Introducing a computerized trading system

• Switching from electronic to manual trading

How many companies are initially trading electronically in the Iraqi stock market?

• No companies

• Top five companies

• All companies

• Top ten companies

What is the expected time frame for the remaining companies to transition to electronic trading?

• Six months

• One year

• Two weeks

• Immediately

What is one of the benefits of the electronic trading system for investors?

• Limited access to market data

• Higher transaction fees

• Immediate buying and selling of stocks

• Longer waiting times for trades

How might the modernization of the Iraqi stock market affect foreign investment?

• It will discourage foreign investment

• It is expected to attract more foreign investment

• It will only affect local investors

• It will have no impact on foreign investment