ISX Ends Week With 0.7 % Up
|February 25, 2011||Filled under Uncategorized|
BAGHDAD / Aswat al-Iraq: The Iraqi Stock Exchange (ISX) ended the week on Thursday with an increase of 0.7% to close at 122 points as rates of shares of 21 out of a total 40 traded firms went up, compared to the previous session’s 0.4% to close at 121.2 points.
“More than 1.795 million shares exchanged hands at 2.426 billion Iraqi dinars (roughly $1 million) through 535 deals.
Twenty-one firms went in the green, 11 in the red while eight retained their previous levels,” according to an ISX news bulletin received by Aswat al-Iraq news agency.
Non-Iraqi investors obtained 131 purchase deals worth 876 million dinars, mostly over the banking and industrial sectors, nearly 36% of the overall trading.
There was no single selling deal by non-Iraqi investors.
The banking sector took the lead with 79% of the trading activities through 319 deals worth 1.925 billion dinars over 13 firms, followed by the industrial sector with 15% through 160 deals worth 377 million over 14 firms and the service sector with 4% through 29 deals worth 100 million dinars over four firms.
Trading was modest over the hotel, insurance, investment 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, the Iraqi Middle East Investment Bank and the Warka Bank joined the electronic trading sessions.
The ISX holds five sessions from Sunday to Thursday.
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