ISX opens with 2 contracts

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) opened its session on Tuesday, the second this week, with two contracts worth over 1 million shares. The first contract was concluded by an Iraqi company, which bought 500,000 shares from the North Bank at a value of 2.85 Iraqi dinars per share (1 U.S. dollar = 1,118 Iraqi dinars); while the second contract was concluded by a foreign company, which bought 787,500 shares from the Modern Painting Company at a value of 1.9 ID per share. 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) 1