ISX slightly down by 0.01% on Monday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index on Monday decreased slightly by 0.01% to close at 91.8 points as trading activities exceeded 1 billion dinars. Traded shares today hit more than 541.485 million worth more than one billion Iraqi dinars (roughly $871,000) through 275 deals, with Iraqi investors obtaining 44 purchase deals worth 111.5 million dinars, mostly over the banking, service hotel, and industrial sectors, and only one sale deal worth 122,000 dinars, mostly over the industerial sector. The banking sector grabbed the lion’s share of today’s trading with 41% through 84 deals worth 422 million dinars over eight firms, followed by the industrial sector with 29% through 107 deals worth 297 million dinars over 11 firms, the hotel sector with 26% of the overall trading through 52 deals worth 269 million dinars over seven firms and the service sector with 24 million dinars through 18 deals over four 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, 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