The Iraqi Stock Exchange (ISX) on Thursday launched trading over shares of eight new joint-stock companies as part of a plan to register all companies into electronic trading sessions.
"The new companies are the Baghdad Soft Drinks Company, Al-Sadeer Hotel, the National Food Industries Company Ltd. (NFIC), Al-Kindi Veterinary Vaccines Company, the Oil Products Transport Company, Al-Qimma for Financial Investment, the United Bank for Investment and the Chemical & Plastic Industries Company," according to a release by the ISX as received by Aswat al-Iraq news agency on Thursday.
"The number of companies registered in the e-trading sessions is now up to 40," it added.
The ISX witnessed the first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks are the Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels are 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.
© Aswat Aliraq 2009
