ISX falls by 3.6 points this week

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index registered this week a fall by 3.6 points, blamed by stock traders to several subscriptions at a time and the deteriorating security conditions in the Iraqi capital Baghdad. The ISX saw 4.995 billion shares exchanging hands at a value of 10.351 billion Iraqi dinars ($8.8 million) through 1591 deals, 154 of them went to non-Iraqi investors; about 2.951 billion shares worth 5.553 Iraqi dinars – 53% of the total traded shares. The ISX index did not register any surge during this week’s five sessions, closing at 92.8 percent to go down by 3.6 points from last week. The ISX witnessed its first e-trading session on April 19 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. AmR (S) 1