ISX opens with 700,000-share contract

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) opened its session on Thursday, the last this week, with one contract worth 700,000 shares. The contract was concluded by an Iraqi company, which bought the shares from the Palestine Hotel at a value of 14.350 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. SH (P) 1