ISX trading hits ID4.3b this week

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) this week traded over 2 billion shares worth 4.3 billion Iraqi dinars (ID) or $3.6 million through 864 transactions on 23 out of a total 52 electronically-registered companies. The ISX trading last week had hit ID5.5 billion over more than 2.7 billion shares through 1005 transactions on 19 companies. Sixty-Four out of the 864 transactions this week went to non-Iraqi investors who traded over 42.3 million shares worth ID149 million. The banking sector took the lead this with 90% of the trading, followed by the hotel, industrial and service sectors. The ISX witnessed the first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks are the Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels are 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. SH (S) 1