Iraq Stock Exchange’s weekly transactions hit $14 million:
Baghdad (IraqiNews.com) – The Iraq Stock Exchange (ISX) revealed on Sunday that trading volume during the previous week surpassed 18.5 billion Iraqi dinars (approximately $14 million).
Investors exchanged shares in 64 firms. 30 businesses’ shares had no activity owing to mismatched buy and sell orders, while 10 of the 104 listed firms remained suspended for failing to submit mandatory disclosures, according to a report cited by Shafaq News.
The stock market recorded 4,536 transactions worth 18.56 billion Iraqi dinars (around $14 million), representing a 405 percent increase in volume and a 345 percent rise in value compared to the previous week.
The ISX60 index finished at 896 points, dropping 5.97 percent compared to the previous session.
The Iraq Stock Exchange operates five sessions per week, from Sunday to Thursday, and has 104 listed companies in banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotel, and service sectors.
Foreign investors bought 29 million shares worth 69 million Iraqi dinars (about $52,543) in 49 transactions and sold eight billion shares worth eight billion Iraqi dinars (approximately $6.09 million) in 193 transactions.
