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Thread: ISX registers slight increase, closes at 93.4 points

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    ISX registers slight increase, closes at 93.4 points

    March 1, 2010 - 04:18:10

    BAGHDAD / Aswat al-Iraq: The Iraqi Stock Exchange (ISX) index registered on Monday a slight increase to close at 93.4 points as rates of shares of 23 out of a total of 35 companies traded during today’s session went up.

    Rates of 3 companies’ shares went down, while 9 retained their previous prices.

    The number of traded shares hit 416.816 million worth 649.449 million Iraqi dinars (roughly $555,000) through 249 deals, including three went to non-Iraqi investors with a number of shares of 3 million worth 3.5 million dinars over the banking and industry sectors.

    The banking sector came in the lead with 64% of the whole trading today through 113 deals over 13 banking 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

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