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Iraq re-index climb despite the decline in bank stocks
May 11, 2014 16:11 Last Updated: May 11, 2014 16:11
Came back to the main index of the Iraqi market in the first fiscal boarding sessions a week, on Sunday, despite the decline in blue-chip stocks and the banking sector, but the index has received support from the telecom sector, which was the main driver for the rise of the market at the close of trading today.
Said Ali Mohammed, technical analyst at Tigris, "shares ACL is the main driver for the market to rise at the end of trading today, with some pressure Baah on shares of major banks, we may see the market continue to climb in the stock tomorrow at a pace better with the resumption of bank stocks climb again." .
The index closed the main market, up by 1.08% at 113.2 points, with turnover reaching 960.08 million dinars through volumes totaled 616.78 million shares.
Shares in Asia torrent leader at a rate of 2.58%, while the Gulf Bank shares fell 0.92%, and shares of Bank of Baghdad, at a rate of 0.51%.
Solving Hotel Ashur H shares at the forefront of high stock at a rate of 7.61%, while the Iraqi came for engineering works at the forefront of the stock declining at a rate of 10%.
Shares in Gulf Bank the most active stock in volume terms and the close of trading on Sunday.
The shares were traded at 38 companies rose, including at closing stocks of 10 companies shares fell another 18 remained with the rest of the shares at the previous close.
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May 11, 2014 16:11 Last Updated: May 11, 2014 16:11
Came back to the main index of the Iraqi market in the first fiscal boarding sessions a week, on Sunday, despite the decline in blue-chip stocks and the banking sector, but the index has received support from the telecom sector, which was the main driver for the rise of the market at the close of trading today.
Said Ali Mohammed, technical analyst at Tigris, "shares ACL is the main driver for the market to rise at the end of trading today, with some pressure Baah on shares of major banks, we may see the market continue to climb in the stock tomorrow at a pace better with the resumption of bank stocks climb again." .
The index closed the main market, up by 1.08% at 113.2 points, with turnover reaching 960.08 million dinars through volumes totaled 616.78 million shares.
Shares in Asia torrent leader at a rate of 2.58%, while the Gulf Bank shares fell 0.92%, and shares of Bank of Baghdad, at a rate of 0.51%.
Solving Hotel Ashur H shares at the forefront of high stock at a rate of 7.61%, while the Iraqi came for engineering works at the forefront of the stock declining at a rate of 10%.
Shares in Gulf Bank the most active stock in volume terms and the close of trading on Sunday.
The shares were traded at 38 companies rose, including at closing stocks of 10 companies shares fell another 18 remained with the rest of the shares at the previous close.
[You must be registered and logged in to see this link.]
