The session of the Iraqi securities market on Sunday, the fourth this month, witnessed weak investor attendance; the meeting was delayed by a quarter of an hour until the arrival of brokerage companies and approved bank mediation offices to execute investor buy/sell orders.
The market bulletin showed that over 399 million shares worth over 529 million ID were traded in 184 contracts.
VOI: "The market price indicator dropped 1.6%, compared to the previous session, and settled at 38.95 points at the end of the session; most of the circulation has been in the banking sector, which ... traded 305 million shares valued 473 million ID; no contracts were executed for non-Iraqis in Sunday's session. Shares of 31 shareholding companies listed in the Iraq market for securities were traded: 12 of them for a Banking company, 2 an investment company, 3 to a service company, 12 for industrial companies and 2 a hotel company.”
Shares of 6 of the 12 banking companies traded increased, namely: the Bank of Mosul 9% (the highest of Sunday's session), the Islamic Bank 5%, Sumar Commercial Bank 4.7%, the Gulf Bank 3.5%, the Iraqi Commercial Bank 3% and the Bank of the North 1.2%. Prices of five decreased: the Iraqi National Bank by 8.3%, the Bank of Basra 4%, the Bank of Babel 3.7%, the Iraqi Investment Bank 3.5% and Alwarkaa Bank by 3.1 %; the Iraqi Credit Bank was unchanged, as was the banking index at 37.609 points.
Over 305 million (90% of the total number of shares traded) were bank stocks, at a value of over 473 million ID, 89.5% of total trading volume, with 130 trades. Al-Warkaa Bank had the highest share volume in the banking sector (24.8%) and the highest percentage of banking sector value (25%), with 75 million shares worth over 118,000,000 ID.
In the investment sector, the shares of two investment companies attracted high prices: Al-Wiiam for Financial Investment rose 4.1% and Al-Qimmah for Financial Investment 3.4%. The investment sector index closed at 108.570 -- plus 0.092% from the previous meeting.
In the services sector, three companies traded: Al-Badia Company, public transport, rose 5%, while the Iraqi Company, land transport, dropped 5.3%. Al-Maamoorah Real Estate Company was unchanged, as was the services sector index at 77.938.
Shares of 12 industrial companies traded Sunday; two increased: Baghdad Company for Carbonated Drinks by 4.3% and Electronic Industries Company 3.1%. Seven companies decreased: Al-Hilal Industrial Company, 7.6% ; the Company of Metal Industrial and Motorcycles, 5.8%; Eastern Beer Company, 5.5%; Al-Kindi Company for Veterinary Vaccines 5%; Modern Dyes Company 4.7%; Light Industries Company 3.4%, and finally the Chemical Industries Company by 2.6%. 3 firms were unchanged: Nineveh Company for Food Industries, the Carpets Company and finally the Iraqi Company for Engineering Works. The industrial index closed at 11.834 points, down 0.429%.
Baghdad Company for Carbonated Drinks had the highest share of the volume, (58.7%), and value, (50.7%), in the industrial sector with 11 million shares trading for over 13 million dinars.
The final outcome of Sunday's session showed 31 out of 93 listed companies traded; prices of 11 rose, 14 dropped and 6 were unchanged.
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