ISX closes at 92.7 points on Wednesday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index went up slightly by 0.05% to close at 92.7 points after rates of shares of 10 out of a total 31 traded companies went up, 14 down and 7 retaining their previous rates. Wednesday’s session saw more than 346.968 million shares worth 549.481 million Iraqi dinars (roughly $469,000) through 221 deals of which non-Iraqi investors obtained 6 purchases deals worth 2.9 million dinars over the banking, services, industrial and hotel sectors. The banking sector took the lead with 62% of the overall trading through 62 deals worth 341 million dinars over 11 firms, followed by the industrial sector with 21% through 86 deals worth more than 118 million dinars over 9 firms and the hotel sector with 8% through 22 deals worth 42 million dinars over 3 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