ISX closes 1.59% lower, ends two-day gaining streak

The Iraq Stock Exchange

Baghdad ( The benchmark index of the Iraq Stock Exchange’s (ISX) declined at Thursday’s close by 1.59%% or 9.1 points to the level of 564.98 points, ending a two-day gaining streak.

Trading volume increased to 27.99 billion shares from 319.02 million shares exchanged on Wednesday, turnover also rose to IQD 12.12 billion from IQD 248.47 million.

Bank of Baghdad topped losers with a 10.61% fall, followed by Modern Sewing (-5.08%), North Bank for Finance and Investment (-4.35%), Investment Bank of Iraq (-4.26%) and United Bank for Investment (-4.17%).

Meanwhile, Iraqi for Production and Marketing of Meat rose 3.45%, Babylon Hotel grew 3.19%, Baghdad of Iraq Company for Public Transport and Real Estate Investments advanced 1.45% and National Metallic Industries and Bicycles ascended 1.41%.

Commercial Bank of Iraq was the largest-traded stock as 25.74 billion shares were exchanged at IQD 10.55 billion.

The main index rose on Wednesday by 0.44% or 2.49 points to the level of 574.08 points.

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