ISX index hits record high

BAGHDAD / IraqiNews.com: Iraq’s Stock Exchange (ISX) index has risen dramatically by 6.23 percent to settle at a record high of 79.304 points, during Sunday’s session, the first this week and the sixth this month. Traded shares in Sunday’s session exceeded 1.7 billion at a total value of over 2.439 billion Iraqi dinars (nearly $2.1 million) by implementing 353 contracts. Shares of 40 companies were traded in today’s session, of which 27 shares jumped, three slumped, and 10 others maintained their previous levels. The banking sector achieved the highest trading volume with 81.2 percent. The Iraqi Stock Exchange, established under Law No. 74 of the year 2004, held its first session on June 24, 2004. The stock market holds three sessions a week: Sunday, Tuesday, and Thursday. SS (P) 1