ISX index up on Tuesday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index went up slightly on Tuesday by 0.05% to close at 90.5 points as nine companies’ shares increased. “Tuesday’s session saw more than 321 million shares exchanging hands at a total value of 533 million dinars ($455,000) through 350 deals,” according to an ISX news bulletin received by IraqiNews.com news agency. Shares of 26 companies were traded in today’s session, of which 9 shares increased, 13 slumped, and 4 others maintained their previous levels. The service sector took the lead today (Sept. 27) with 42% of the overall trading activities through 137 deals worth 228 million dinars over three firms, followed by the banking sector with 11% through 109 deals over 10 firms and the hotel sector with 12% through 35 deals worth 65 million dinars over six 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, 2009, 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