ISX closes with 3.4M shares

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) closed its session on Tuesday, the first this week, with a 3.4-million-share contract at a value of 1.45 Iraqi dinars (1 U.S. dollar = 1,118 Iraqi dinars) per share. The contract with concluded by an Iraqi company, which bought the shares from al-Warka Bank. The stock market opened its session this morning with two contracts worth nearly 4 million shares. The first contract was concluded by an Iraqi company, which bought 2.452 million shares from Baghdad Bank; while the second was concluded by a foreign company, which bought 2 million shares from the same bank, both at a value of 2.45 Iraqi dinars 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. The market canceled its Sunday’s session, which coincided with the Eid al-Fitr (The Lesser Bairam) holiday. SS (S) 1