ISX trading hits ID684 million on Wednesday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) trading activities hit 684 million Iraqi dinars on Wednesday. Wednesday’s session saw trading over shares of 36 out of 84 electronically-registered firms, 11 of them went down, 13 up while 12 others retained their previous rates. Traded shares hit 430.656 million worth more than 684.624 million dinars ($585,000) through 291 deals, with non-Iraqi investors grabbing 13 purchase deals worth 19.3 million dinars over the industrial, banking and hotel sectors. The banking sector took the lead with 44% of the overall trading through 67 deals worth 304 million dinars over 10 firms, followed by the industrial sector with 143 deals worth 211 million dinars over 11 firms and the hotel sector with 28 deals worth 97 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 (P) 1