ISX goes up by 0.1% on Tuesday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index went up slightly by 0.1% to close at 92.6 points after rates of shares of 16 out of a total 39 traded companies went up, 14 down and 9 retaining their previous rates. Tuesday’s session saw more than 217.312 million shares worth 507 million Iraqi dinars (roughly $433,000) through 252 deals of which non-Iraqi investors obtained 15 purchases deals worth 18.5 million dinars over the banking, services, industrial and hotel sectors. The banking sector took the lead with 45% of the overall trading through 96 deals worth 232 million dinars over 11 firms, followed by the hotel sector with 27% through 36 deals worth more than 137 million dinars over 5 firms and the industrial sector with 19% through 70 deals worth 100 million dinars over 11 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