ISX trading hits ID898 million

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) trading activities hit 898 million Iraqi dinars on Tuesday. Tuesday’s session saw trading over shares of 39 out of 84 electronically-registered firms, 16 of them went down, 15 up while 8 others retained their previous rates. Traded shares hit 600.789 million worth more than 898 million dinars ($845,000) through 400 deals, with non-Iraqi investors grabbing 44 purchase deals worth 94.9 million dinars over the banking, service and industrial sectors. The banking sector took the lead with 59% of the overall trading through 111 deals worth 531 million dinars over 11 firms, followed by the industrial sector with 187 deals worth 142 million dinars over 13 firms and the hotel sector with 33 deals worth 107.7 million dinars over seven firms. The ISX witnessed its first E-trading session on April 19, 2009 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. SH (S) 1