230-million-share contracts made in ISX

BAGHDAD / IraqiNews.com: Three private transactions were made with 230 million shares during the Iraqi Stock Exchange (ISX) session today. The first two transactions, worth 180 million shares, were made over the Ashur Bank at a value of 1.05 and 1.0 Iraqi dinars per share; while the third, worth 50.196 million shares, was made over the Karbala Hotels Company at a value of 4.75 Iraqi dinars per share. The stock market opened its session this morning, the last this week, with one contract worth 100,000 shares. The contract was concluded by an Iraqi company, which bought the shares from al-Ittihad Bank at a value of 0.7 Iraqi dinars per share (1 U.S. dollar = 1,118 Iraqi dinars). The Iraqi Stock Exchange, established under Law No. 74 of the year 2004, held its first session on June 24, 2004. The stock market holds three sessions a week: Sunday, Tuesday, and Thursday. SS (P)/SR 1