ISX index goes up by 1% on Wednesday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index on Wednesday went up by 1% to close at 94.9 points as shares of 35 firms out of total 41 increased. Traded shares today hit more than 1.374 billion worth $1.963 billion through 565 deals. Shares of 41 companies were traded in today’s session, of which 35 shares jumped, three slumped, and three others maintained their previous levels. The industrial sector grabbed the lion’s share of today’s trading with 40% through 326 deals worth 782 million dinars over 13 firms, followed by the banking sector with 39% through 83 deals worth 769 million dinars over ten firms, the hotel sector came third with 14% of the overall trading through 61 deals worth 274 million dinars over 9 firms and the service sector with 58 million dinars through 58 deals over four 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