ISX down by 2.2% this week

BAGHDAD / IraqiNews.com: Iraq’s Stock Exchange (ISX) index went down this week by 2.2 percent to settle at 96.5 points compared to 98.7 points last week. Traded shares in this week’s sessions were more than 4.329 billion at a total value of around ID7.898 billion by implementing 1,707 contracts, including 226 contracts for non-Iraqi investors with 800 million shares at a value of more than one billion 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. SH (P) 1