After the 11,000 barrier was achieved last week there were some concerns.

The market has rallied very fast and has been overbought.

This made investors cautious and they decided to unload their holdings ahead of the weekend.

Today the mid-cap stocks really replaced some of the activities of normal trading.

It was really crazy. Not out of control, but really crazy.

We are not so worried by overall developments in Iraq. After yesterday we didn't feel any immediate effect in the financial market.