ISX closes with over 900,000-share contract

BAGHDAD: The Iraqi Stock Exchange (ISX) closed its session on Sunday, the first this week, with a 988,616-share contract at a value of 1.1 Iraqi dinars per share. The contract with concluded by a foreign Iraqi company, which bought the shares from the Basra Bank. The stock market opened its session this morning with one contract worth 20 million shares. The contract was concluded by an Iraqi company, which bought the shares from the Warka Bank at a value of 1.3 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