ISX trades over 1.2b shares

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) on Thursday traded over more than 1.2 billion shares worth over 2 billion Iraqi dinars (nearly $1.8 million dollars) through 432 transactions. The shares of 10 out of a total 21 companies were traded during Thursday’s session, with shares of 10 going up, 10 down while one retaining its previous rates. The banking sector topped today’s trading activities with 84% of the shares, followed by the industrial sector with 115 transactions over six companies. The ISX witnessed the first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks were the Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels were the Ashtar Hotel and Al-Mansour Hotel. On June 7, the Iraqi Middle East Investment Bank and the Warka Bank joined the electronic trading sessions. The ISX now holds three electronic sessions on a weekly basis: Sundays, Tuesdays and Thursdays. AmR (P) 1