Monday, May 23, 2011

Iraq’s stock exchange market indicator dropped on may 23 2011

Iraq’s stock exchange market indicator dropped on may 23 2011 : Iraq’s stock exchange market indicator dropped on Sunday in the opening of the first session for the present week. Iraq’s indicator settled at 127.98 points at closure at a change rate of up to 0.41% after more than 300 million stocks were circulated while circulation value did not exceed 1 billion Dinar.

“The market indicator decreased down to 127.98 points at a change rate of up to 0.41% after 317.012.024 million stocks were circulated at a circulation value of 848.580.580 million Dinar”, a statement by the joint exchange market reported.

The statement which Alsumarianews got a copy of adds that 420 deals were concluded on Sunday in comparison with last Thursday when Iraq’s indicator marked 128.5 points at closure after 939.666 million stocks were circulated at a circulation value of 2.239 billion Dinar through the execution of 258 deals, the statement noted.

The stock exchange market statement points out that the firms in circulation include 32 out of 85 companies registered in the market. Stocks value increased in 12 companies and decreased in 8 companies while it remained still at 12 firms, the statement continued.

“Companies that marked the biggest gains include Al Ahliya agricultural company at a change rate of 3.75% followed by the Carpets and Furniture Company at a change rate of 3.26%”, it noted.

“The companies that lost the most in the market include Al Amin Real Estate Company at a change rate of 3.33% and Baghdad Gas Company at a change rate of 2.40%”, the statement added.

“Contracts of non-Iraqi foreign investors reached 65 contracts mainly regarding banks, services and industry sectors while 104.982 million stocks were circulated at a value of 219.74 million Dinar. No selling contract for non-Iraqi investors was executed on Sunday”, the statement concluded.
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