ISX up 0.7% this week

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) index rose by 0.7% to close at 92.8 points as trading activities this week exceeded 4.8 billion Iraqi dinars (roughly $4 million) while non-Iraqi investors’ contribution also rose to reach 18% of the trading. Last week’s ISX index rose by 1.6% to close at 92.7 points. Some 3 billion shares exchanged hands this week through 1790 deals. 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. AmR (P) 1