You are in > Home / Baghdad, Economy, Latest News / Banking sector obtains 95% of shares in ISX

Banking sector obtains 95% of shares in ISX

August 6, 2009 - 04:04:09

BAGHDAD / Aswat al-Iraq: More than 988.7 million shares were traded at the Iraqi Stock Exchange (ISX) at a value of 1.840 billion Iraqi dinars or $1.6 million in 290 transactions over 12 companies on Thursday with the banking sector taking the lead with 95% of the trading.

In today’s session rates of eight companies’ shares increased, three went down while one retained its previous rates.

The banking sector traded over 946.5 million shares at a value of 1.569 billion Iraqi dinars in 225 contracts over six banks: Bank of Baghdad, the Commercial Bank of Iraq (CBIQ), the Gulf Commercial Bank, the Middle East Investment Bank, Almotahid Bank for Investment and the Warka Bank for Investment & Finance.

The ISX witnessed the first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks are the Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels are the Ashtar Hotel and Al-Mansour Hotel.

On June 7, the Iraqi Middle East Investment Bank and the Warka Bank for Investment & Finance have joined the electronic trading sessions.

The ISX now holds three electronic sessions on a weekly basis: on Sundays, Tuesdays and Thursdays.

AmR (S)

Print version