ISX down by 1.8% this week

BAGHDAD / IraqiNews.com: Iraq’s Stock Exchange (ISX) index went down this week by 1.8 percent to settle at 98.7 points. Traded shares in this week’s sessions were more than 2.863 billion at a total value of around ID5.137 billion by implementing 1,255 contracts, including 149 contracts for non-Iraqi investors with 586 million shares at a value of 983 million Iraqi dinars. The banking sector achieved the highest trading volume. The ISX witnessed its first e-trading session on April 19, 2009 over five registered companies, three banks and two hotels. The banks were: Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels were: 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 five sessions from Sunday to Thursday. MH (P)/SH 1