5 contracts worth over 2b shares made in ISX

BAGHDAD / IraqiNews.com: Five private transactions were made with 2.396 billion shares during the Iraqi Stock Exchange’s (ISX) session today. The first transaction, worth 468.754 million shares, was made over Warka Bank; the second, worth 125.468 million shares, over the Commercial Bank; the third, worth 22.225 million shares, over Babel Hotel; the fourth, worth 588.4 million shares, over the Investment Bank; and the fifth, worth 1.19 billion shares, over Sumar Bank. The transactions were made at values of 1.3, 1.35, 19.6, 1.1 and 0.75 Iraqi dinars per share respectively. The stock market opened its session this morning, the last this week, with one contract worth 1 million shares. The contract was concluded by an Iraqi company, which bought the shares from Warka Bank at a value of 1.35 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