ISX trades over 622m shares at ID1.8bn

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) on Sunday traded over 622 million shares at 1.8 billion Iraqi dinars (ID), roughly $1.7 million U.S. dollars. Transactions were made over the shares of 23 out of 55 electronically-registered joint-stock companies. Today’s session saw 15 companies’ shares rising, five going down and three remaining unchanged. The banking sector came in the lead with 87 percent of the traded shares, followed by the hotels sector’s 48 transactions with 42 percent of the trading volume. 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 (P) 1