ISX recorded 8th down in October

Police-Weapons BAGHDAD / IraqiNews.com: The Iraqi Stocking Exchange Index (ISX) on Tuesday dropped by 2.508 percent, recording the eight fall in row. The Iraqi stock exchange saw a boom in September as the hotel industry index rose to its highest point over the past three years, recording 57.89, yet it has started to fall down when the value of shares traded by hotel companies went down. Traded shares in Tuesday’s session, the tenth in October, exceeded 830 million at a total value of over 1.938 billion Iraqi dinars (nearly $ 1.7 million) through implementing 269 contracts. Shares of 31 out of 95 companies rose, 15 fell, while 15 maintained the same levels. “Tuesday’s session was in slow motion at the start due to the fact that most investors and traders looked for shares with concerns,” Mohamed Ismail, a trader, told IraqiNews.com. “The shares continued to drop, but the sale volume went up after rising demand for shares at bottom value.” The banking sector achieved the highest trading volume. Trading for non-Iraqi investors exceeded 706 million dinars (nearly $598.000), through implementing 55 contracts in the banking, industrial, services and hotels sectors.   AM (S)/SR 1