ISX Up 1.2%

The Iraqi Stock Exchange (ISX) index went up on Tuesday by 1.2% to close at 99 points as 13 out of a total of 37 quoted shares traded during today’s session went up.

10 companies’ shares went down, while 14 retained their previous prices.

The number of traded shares hit 7.285 billion worth over 8.597 billion Iraqi dinars (roughly $7 million U.S. dollars) through 242 deals. Shares of 5.9 million in the banking and industry sectors, worth more than 10.3 million dinars, went to non Iraqi investors. The industry sector lead trading with 95% of the day’s trading through 80 deals in 7 industrial firms.

The ISX witnessed its first e-trading session on April 19, 2009 when shares in  five registered companies, three banks and two hotels were traded on line. 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.

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