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Thread: ISX index down by 1.2%, closes at 100.5 points

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    Cool ISX index down by 1.2%, closes at 100.5 points

    BAGHDAD / Aswat al-Iraq: The Iraqi Stock Exchange (ISX) index on Sunday registered a drop of 1.2% to close at 100.5 points as rates of shares of 22 out of a total 42 companies that traded in today’s session fell.

    The number of shares exchanging hands Sunday (March 14) exceeded 570 million worth more than 873 million Iraqi dinars through 293 deals, of which non-Iraqi investors grabbed 23 purchase deals worth more than 80 million Iraqi dinars over the banking and industrial sectors and two selling deals worth more than 8 million Iraqi dinars over the banking sector.

    The banking sector came in the lead with 68% of the shares through 155 deals worth 596.630 million dinars over 15 banking firms, followed by the industrial sector with 16% of the total trading activities through 86 deals worth 141.9 million dinars over 12 industrial firms.
    The hotel sector came third with 12% of the overall trading through 36 deals worth 105.6 million dinars over seven hotel 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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