July 5, 2010 - 02:59:21
BAGHDAD / Aswat al-Iraq: The Iraqi Stock Exchange (ISX) index went down by 1.5% to close at 93.7 points as rates of shares of 18 out of a total 33 traded firms went down on Monday.
The national capital market index went up by 1% to close at 95.2 points during the previous session.
“Monday’s session saw more than 894 million shares exchanging hands at more than 1.743 billion Iraqi dinars (roughly $1.4 million) through 273 deals, of which non-Iraqi investors grabbed seven worth 13.8 million dinars over the service and industrial sector,” according to an ISX news bulletin received by Aswat al-Iraq news agency.
Rates of shares of 18 companies went down, eight up while seven retained their previous rates, the first down after seven ups in a row.
The banking sector took the lead with 58% of the overall trading activities through 38 deals worth more than 1 billion dinars over eight firms, followed by the hotel sector with 33% through 166 deals worth 591 million dinars over eight firms and the industrial sector with 5% through 43 deals worth 84 million dinars over eight 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, 2009, 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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