ISX index higher by 3% on Sun amidst fluctuations

BAGHDAD / IraqiNews.com: Iraq’s Stock Exchange (ISX) index rose by 3.529 percent to settle at 191.225 points during Sunday’s session, the 13 th this month. Traded shares in Sunday’s session exceeded 558 million at a total value of over 1.240 billion Iraqi dinars by implementing 268 contracts. Shares of 39 companies were traded in today’s session, of which 25 shares jumped, nine slumped, and five maintained their previous levels. The banking sector achieved the highest trading volume with 68.6 percent. Meanwhile, the chief executive of the stock market, Taha Ahmed Abdulsalam, attributed the fluctuations in the stock index throughout the past few weeks to speculations that aim to make speedy profits. The Iraqi Stock Exchange, established under Law No. 74 of the year 2004, held its first session on June 24, 2004. The stock market holds three sessions a week: Sunday, Tuesday, and Thursday. SS (P) 1