ISX opens with 4-million-share contracts

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) opened its session on Tuesday, the first this week, with two contracts worth 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 (1 U.S. dollar = 1,118 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’s (The Lesser Bairam) holiday. SS (P) 1