ISX opens with huge contracts

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) opened its session on Sunday, the first this week, with two contracts worth 13 million shares. The first contract was concluded by an Iraqi company, which bought 10 million shares from the Dar al-Salam Bank at a value of 6.8 Iraqi dinars (1 U.S. dollar = 1,118 Iraqi dinars) per share; while the second contract was concluded by a foreign company, which bought 3 million shares from Ashur Bank at a value of one Iraqi dinar 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.