ISX trades over 2.3b shares this week

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) traded over 2.3 billion shares worth more than 6.2 billion Iraqi dinars ($5.3 million) through 1103 transactions, with non-Iraqi investors showing good activities grabbing 22% of the total trading this week. Foreign investors obtained 231 transactions with 684 million shares worth more than 1.373 billion Iraqi dinars. “Trading is off for a fresh start thanks to the growing demands by foreign investors, creating optimistic sentiments for Iraqi investors, and this week’s return of demands on the stocks of the industrial sector that displayed remarkable activities,” investors Abbas al-Rubaie told Iraqi News. 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 (S) 1