ISX trades over 877 million shares on Tuesday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) traded on Thursday over more than 877 million shares worth more 1.687 billion Iraqi dinars ($1.4 million) through 604 transactions over 33 out of a total 68 electronically registered firms. Rates of shares of 17 companies went up, 9 down while seven retained their previous rates in a session that saw non-Iraqi investors grabbing 100 transactions over 173.8 million shares worth 347.8 million Iraqi dinars, about 20% of the overall trading. The banking sector came in the lead today with 74% of the shares and 58% of the trading activities through transactions over stocks of 15 banking firms, followed by the industrial sector with 151 million shares worth 256.9 million Iraqi dinars through transactions over 10 firms, the hotel sector with 4.5 million shares worth 105.6 Iraqi dinars through transactions over 3 firms and the service sector witnessed trading over three firms too. 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. SH (S)/SR 1