Thursday, October 20, 2011

* Foreigners eager to invest in Iraq's stocks/* IPOs, custodian bank to boost investment on ISX

http://mobile.reuters.com/article/idUSL5E7LK3OH20111020?irpc=932

Foreign investors are increasingly choosing Iraq's stock market as a lucrative investment, with the expected listing of the country's three main mobile phone firms and better regulation seen boosting appetite.
"It is important to start early on... it is a fantastic opportunity for a small fund to get established," he said.
Panu Saukkonen, a senior partner at Finnish Virtus Capital Oy Company which started investing in the Iraqi bourse three years ago, said Iraq was a great choice to invest in as there is no serious competition and market values are still low.
"The upcoming telecom IPOs will no doubt act as a catalyst for the Iraq stock market precipitating greater focus by international and regional investors, helping improve liquidity," Emanuel said.
 

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