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ISX index down 0.3% to close at 92.7 points
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Aswat Al Iraq - [7/26/2010]
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The Iraqi Stock Exchange (ISX) index plunged 0.3% to close at 92.7 points as rates of shares of 12 out of a total 28 traded firms went down on Monday.
“Monday’s session saw more than 521.906 million shares exchanging hands at 828.594 million Iraqi dinars (roughly $708,000) through 170 deals, of which non-Iraqi investors grabbed four purchase ones worth 427.6 million dinars, mostly over the banking sector, 51% of the overall trading,” according to an ISX news bulletin received by Aswat al-Iraq news agency.
The banking sector took the lead in Monday’s session with 77% of the overall trading through 64 deals worth 640 million dinars over nine firms, followed by the hotel sector with 14% through 47 deals worth 119.9 million over five firms and the industrial sector with 5% through 30 deals worth 36.7 million over five firms in addition to shy trading activities over the service, insurance and agricultural sectors.
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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