ISX opens with 500,000-share contract

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) opened its session on Tuesday, the second this week, with one contract worth 500,000 shares. The contract was concluded by an Iraqi company, which bought the shares from the North Bank at a value of 2.85 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) 1