ISX index down for 10th time in a row to close at 92.8 points

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index on Thursday went down slightly for the 10th consecutive time by 0.9% to close at 92.8 points as a result of a retreat in the prices of traded shares of 15 out of a total 39 companies. Today’s session saw 1.521 billion shares worth 3 billion Iraqi dinas ($2.6 million) exchanging hands through 393 transactions, including 48 for non-Iraqi investors. The banking sector took the lead during Thursday’s session by 85% of the overall trading through 148 transactions over 16 banking firms, followed by the hotel sector that grabbed 7% of the traded shares through 81 transactions and the industrial sector with 3% through 57 transactions over eight firms. The banking sector came in the lead today with 80% of the trading volume, followed by the hotel sector with 12% of the trading over six firms. The ISX witnessed its first e-trading session on April 19 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. AmR (I) 2