ISX trades over 377.4m shares at more than ID775.7m

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) on Sunday traded over 377.4 million shares at more than 775.7 million Iraqi dinars (ID), roughly $662,000 U.S. dollars, through 244 transactions over the shares of 17 out of 52 electronically-registered joint-stock companies. Today’s session saw two companies’ shares slightly rising, 11 going down and three remaining unchanged. The banking sector came in the lead with 86 percent of the traded shares through 141 transactions on six banking firms, followed by the hotels sector’s 70 transactions with 26 percent of the trading volume. The ISX witnessed the first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks were the Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels were the 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 three electronic sessions on a weekly basis: on Sundays, Tuesdays and Thursdays. SS (S) 1