ISX index down by 0.2%

BAGHDAD /  The Iraqi Stock Exchange (ISX) index on Wednesday went down by 0.2 percent to close at 127.9 points as shares of 25 firms out of total 45 decreased.  Traded shares today hit 660 million shares worth 1.411 billion dinars ($1.2  million) through 490 deals.  Shares of 45 companies were traded in today’s session, of which 9 shares jumped, 25 slumped, and 11 others maintained their previous levels.  The banking sector grabbed the lion’s share of today’s trading with 51% through 175 deals worth 721 billion dinars over 12 firms, followed by the service sector with 29% through 153 deals worth 428 million dinars over 6 firms, the industrial sector came third with 10% of the overall trading through 91 deals worth 145 million dinars over 12 firms.  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 now holds five sessions from Sunday to Thursday.     SH (TS)/SR  451

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