ISX trades over 725.6m shares at over ID1.3bn

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) on Sunday traded over 725.6 million shares at more than 1.3 billion Iraqi dinars (ID), roughly $1.1 million U.S. dollars, through 282 transactions over the shares of 16 out of 50 electronically-registered joint-stock companies. Today’s session saw two companies’ shares slightly rising, 11 going down and three remaining unchanged. The banking sector came in the lead with 94 percent of the traded shares through transactions on six banking firms, followed by the industrial sector’s 28 transactions at 32.8 million shares worth ID52.4 million, and the hotel sector’s 29 transactions with 4.5 million shares worth ID164.9 million over three hotels. 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: on Sundays, Tuesdays and Thursdays. SS (S) 1