ISX finishes week with 0.7% up

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) finished this week with an increase of 0.7% to close at 94.7 points as prices of shares of 21 out of a total traded companies went up during Thursday’s session. Some 1.787 billion shares worth 3.214 billion Iraqi dinars (roughly $2.7 million) were traded through 227 deals with non-Iraqi investors obtaining six purchase deals worth 5.6 million dinars over the banking, industrial and hotel sectors and seven sale deals worth 6.5 million dinars over the same three sectors. 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. AmR (P) 1