ISX closes with 7-million-share contract

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) closed its session on Tuesday, the second this week, with a seven-million-share contract at a value of 14.6 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 Palestine Hotel Company. The stock market opened its session this morning with one contract worth 40,000 shares. The contract was concluded by an Iraqi company, which bought the shares from al-Mansour Pharmaceutical Company at a value of 1.15 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