ISX rises 1.54% on banks stocks, trading activity up

The Iraq Stock Exchange

Baghdad ( The main index of the Iraq Stock Exchange (ISX) rose at Tuesday’s close by 1.54% or 8.68 points to the level of 571.59 points.

Trading volume increased to 2.29 billion shares from 792.52 million shares exchanged on Monday, turnover also rose to IQD 1.57 billion from IQD 433.02 million.

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

Iraqi Islamic Bank for Investment and Development topped gainers after rising 9.09%, followed by Commercial Bank of Iraq (+4.88%), Kurdistan International Bank for Development and Investment (+4.35%), United Bank for Investment (+4.35%) and Electronic Industries (+4.08%).

On the flipside, Ready Made Clothes was the top loser after falling 5.56%. North Bank for Finance and Investment declined 4.35%, Al Mamora for Real Estate Investments fell 2.56%, National Chemical and Plastic Industries shrank 1.82% and Tourist Village of Mosul Dam retreated.

Iraqi Islamic Bank for Investment and Development made the highest trading activity with a volume of 2.01 billion shares and a turnover of IQD 1.4 billion.

The main gauge declined on Monday by 0.23% or 1.28 points to the level of 562.91 points.

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