Within a week, trading on the Iraqi stock exchange exceeded the one billion dinar mark.

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Within a week, trading on the Iraqi stock exchange exceeded the one billion dinar mark.

The Iraq Stock Exchange (ISX) announced on Tuesday that shares worth more than one billion Iraqi dinars were traded during the past week.

According to a report reviewed by dinaropinions.com, the exchange said that shares of 69 companies were traded last week, while 25 companies recorded no trading activity due to a lack of matching buy and sell orders. Trading remains suspended for 10 companies out of the 104 listed on the exchange because they failed to submit required disclosures.

The report noted that the total number of shares traded reached 1.27 billion shares, representing a 78 percent decline compared to the previous week. The total trading value amounted to 1.713 billion dinars, down 69 percent week-on-week, through the execution of 2,554 transactions.

The ISX60 index closed at 984.54 points, marking a 1.353 percent decline compared to its close in the previous session.

Regarding foreign investor activity, the exchange stated that non-Iraqi investors purchased 50 million shares last week, with a total value of 14 million dinars, across three transactions. Meanwhile, non-Iraqi investors sold three million shares worth 16 million dinars, executed through 19 transactions.

The Iraq Stock Exchange operates five trading sessions per week, from Sunday through Thursday, and lists 104 Iraqi joint-stock companies across sectors including banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels, and services.