ISX closes on negative note

The Iraq Stock Exchange

Baghdad ( The Iraq Stock Exchange (ISX) closed Thursday’s trading in red as the benchmark index declined 0.31% or 1.77 points to the level of 570.27 points.

Trading volume increased to 432.73 million shares from 370.91 million shares exchanged on Wednesday, turnover also rose to IQD 304.57 million from IQD 215.38 million.

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

The top five gainers were Al Mansour Company for Pharmaceutical Industries (+7.81%), Al Nukhba for General Contracting Real estate investments (+6.45%), Al Bilad Securities and Investment (+4.4%), Modern Animal and Agricultural Production (+2.38%) and Electronic Industries (+2.04%).

On the flip side, Ashur Hotel topped losers after falling 8.10%, followed by United Bank for Investment (-3.85%), Mosul Bank for Development and Investment (-3.12%), Ishtar Hotels (-2.50%) and Baghdad Hotel (-1.92%).

Iraq Middle East Investment Bank was the most active stock in terms of trading volume with 90.25 million shares, while Baghdad Soft Drinks made the highest turnover of IQD 95.36 million.

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