ISX opens with two contracts

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) opened its session on Sunday, the first this week, with two contracts, one Iraqi and the other foreign, both worth around 2.5 million shares. The first contract that was concluded by an Iraqi company, which bought 454,000 shares of Baghdad Company for Carbonated Beverages at a value of 1.15 Iraqi dinars per share (1 U.S. dollar = 1,118 Iraqi dinars); while the second contract was concluded by a foreign company, which bought 2,012,500 shares of the General Company for Petrochemical Industries at a value of 2.050 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. MH (P)/SR 1