ISX closes with 5-million-share contract

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) closed its session on Tuesday, the second this week, with a five-million-share contract at a value of 1.05 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 the Babel Bank. The stock market opened its session this morning with two contracts worth over 7 million shares. The first contract was concluded by an Iraqi company, which bought 5.019 million shares from the Islamic Bank at a value of 0.75 Iraqi dinars per share; while the second contract was concluded by a foreign company, which bought 2 million shares from the Commercial Exhibition at a value of 1.2 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. SS (P) 1