28 March 2011

BAGHDAD: The Iraqi Stock Exchange (ISX) index on Monday went up slightly by 0.16 percent to close at 127 points as shares of 17 firms out of total 42 increased.

Traded shares today hit 890 million shares worth 1.2 billion dinars ($ 1 million) through 394 deals.

Shares of 42 companies were traded in today's session, of which 17 shares jumped, 9 slumped, and 16 others maintained their previous levels.

The banking sector grabbed the lion's share of today's trading with 72% through 225 deals worth 918 million dinars over 14 firms, followed by the industrial sector with 19% through 116 deals worth 240 million dinars over 12 firms, the hotel sector came third with 4% of the overall trading through 29 deals worth 56 million dinars over six 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.

© Aswat Aliraq 2011