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Economics

Shell selling its stake in Iraq's West Qurna 1 oil field

Royal Dutch Shell is seeking to withdraw from Iraq's Majnoon oilfield and the oil ministry has started preparations to finalize its exit, according to an oil ministry letter and oil officials. A letter signed by Iraqi oil minister Jabar al-Luaibi and dated August 23 and directed to Shell Iraq Petroleum Development gave approval for Shell to quit Majnoon. Shell is also in the process of selling its 20% stake in Iraq's West Qurna 1 oil field, a spokesman said on Wednesday.

Source: http://www.zawya.com/mena/en/story/Shell_selling_its_stake_in_Iraqs_West_Qurna_1_oil_field-TR20170913nL5N1LU2JVX3/

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RSISX Index

Type Close % Chg YTD % Chg
IQD RSISX 956.8 -0.5% 17.9%
USD RSISX 1,009.6 -0.5% 20.8%

Best & Worst Performers

Best Performers

Code Closing (IQD) % Chg
IMIB 1.210 10.0%
HBAG 8.800 4.8%
BNOI 0.590 3.5%
BIIB 0.490 2.1%
HBAY 54.000 1.9%

Worst Performers

Code Closing (IQD) % Chg
AIPM 4.910 -8.2%
BCOI 0.490 -3.9%
BBAY 0.290 -3.3%
BMNS 0.910 -3.2%
BGUC 0.350 -2.8%

TOP 5 Traded Volume

Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
IBSD 317.2 257.9
BBOB 263.8 214.5
BGUC 208.9 169.8
HBAY 188.1 153.0
HISH 141.5 115.1

Trading Volumes by Sectors

Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom 22.4 18.2
Banking 560.0 455.3
Industry 347.7 282.7
Hotels & Tourism 368.9 300.0
Services 25.0 20.3
Agriculture 20.6 16.7
Insurance - -
Investment - -
Money Transfer - -
Total 1,344.5 1,093.1