Banks stocks push ISX 0.44% higher, trading activity down

The Iraq Stock Exchange

Baghdad ( The Iraq Stock Exchange’s (ISX) benchmark index rose at Wednesday’s close by 0.44% or 2.49 points to the level of 574.08 points, backed by the positive performance of banks stocks.

Trading volume decreased to 319.02 million shares from 2.29 billion shares exchanged on Tuesday, turnover also declined to IQD 248.47 million from IQD 1.57 billion.

The banks sector ascended 1.44%, while the remaining sectors were flat.

Al Mamora for Real Estate Investments topped the green list after adding 5.26%. North Bank for Finance and Investment rose 4.55%, Kurdistan International Bank for Development and Investment advanced 4.17% National Chemical and Plastic Industries levelled up 1.85% and Iraqi Date Processing and Marketing increased 1.77%.

On the other hand, Babylon Hotel (-3.09%) was the worst performing stock, followed by Al Mansour Bank for Investment (-2.7%) and Commercial Bank of Iraq (-2.33%), Electronic Industries (-1.98%) and Credit Bank of Iraq (-1.47%).

Iraq Middle East Investment Bank made the biggest trading volume activity with 55.6 million shares, while Kurdistan International Bank made the highest turnover of IQD 62.5 million.

The main gauge rose on Tuesday by 1.54% or 8.68 points to the level of 571.59 points.

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