ISX trades over 957m shares on Tuesday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) on Tuesday traded over more than 957 million shares at over 1.6 billion Iraqi dinars (ID), roughly $1.4 million U.S. dollars. Transactions were made over the shares of 27 out of 55 electronically-registered joint-stock c ompanies. Today’s session saw 14 companies’ shar es rising, 12 going down and one remaining unchanged. The banking sector came in the lead with 75 percent of th e number of traded shares and 84 percent of the trading vo lume through implementing 245 transactions over eight banking firms. 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: Sundays, Tuesdays and Thursdays. SH (S)/SR 1