Soon: 6 more companies to join electronic trading

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) on Sunday said that six more firms will join its electronic trading sessions as of this Thursday, brining up the number of electronically registered companies to 61 out of a total 91. The firms are the Babylon Bank Company, Sumer Commercial Bank, the North Company, Al-Amin for Investment, Al-Khaleej Insurance, and the Modern Paints Company. The ISX witnessed the first e-trading session on April 19 over five registered companies, three banks and two hotels. The banks were the Ashur International Bank (AIB), Al-Mansour Bank and the Iraqi Credit Bank while the hotels were the 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 three electronic sessions on a weekly basis: on Sundays, Tuesdays and Thursdays. SS (P)/SR 1