ISX closes with 500,000-share contract

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) closed its session on Tuesday, the second this week, with a 500,000-share contract at a value of 1.1 Iraqi dinars per share. The contract with concluded by an Iraqi company, which bought the shares from the Baghdad Soda Company. The stock market opened its session this morning 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