ISX closes with an Iraqi contract

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) closed its session on Sunday, the first this week, with an Iraqi contract within the banking sector, after it was started with two contracts, one Iraqi and one foreign. The closing contract was with a trading volume of 4 million shares of 0.15 Iraqi diners (ID) per share (1 ID = $1,180). Earlier, the ISX opened its session today with two contracts, one Iraqi and the other foreign, both worth around 2.5 million shares. The first contract 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; 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 stock market holds three sessions a week: Sunday, Tuesday, and Thursday, and there are 94 companies registered in it. MH (P)/SR 1