ISX index up by 2.6% this week

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) went up by 2.6% this week to close at 100.9 points, compared to last week’s 98.2 points, as trading activities exceeded 12 billion Iraqi dinars. “Trading went over 8.299 billion shares worth more than 12.8 billion dinars (roughly $11 million) through 2781 deals with non-Iraqis obtaining 548 purchase deals worth $2 billion, nearly 15% of the overall trading this week,” according to an ISX news bulletin received by IraqiNews.com news agency. 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 (P) 2