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Arab Islamic Bank holds 98% of the stock market liquidity
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Economy News Baghdad: Arab Islamic Bank acquired 97.7% of the stock market's liquidity on Wednesday, leading the volume and value of shares by trading 19.33 billion shares worth KD 19.33 billion. The general index of the stock exchange, rose 1.25%, to gain 7.23 points, closing at 585.47 points, compared to closing levels on Tuesday. The index was led by a rise of 8 shares, issued by the Bank of Kurdistan by 7.14%, followed by agricultural products by 4.48%, and the real estate and Hotel Babylon by 3..06% and 1.94%, respectively. On the other hand, shares fell 8 companies, provided by the Bank of Babylon by 3.12%, followed by the Bank of Mosul by 3.03%, and then manufacturing and marketing dates by 2.65%. The volume of trading today to 19.91 billion shares, compared to 21.12 billion shares yesterday, while trading value rose to 19.78 billion dinars, compared with 10.03 billion dinars in the previous session. The number of shares purchased by non-Iraqi investors reached 14.4 million shares worth KD 36.9 million through 44 transactions on 4 companies. The stock exchange pointed out the execution of a corresponding order against the shares of the Arab Islamic Bank, with 19.33 billion shares, worth 19.33 billion dinars. |
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