Huge contracts concluded as ISX opens on Sun.
Baghdad, 20 July 2008 (Voices of Iraq)
The Iraqi Stock Exchange (ISX) opened its session on Sunday, the first this week, with two contracts, totaling nearly 7 million shares.
The first contract was concluded by an Iraqi company, which bought 500,000 shares from al-Shamal (North) Bank at a value of 3 Iraqi dinars (1 U.S. dollar = 1,221 Iraqi dinars) per share; while the second was concluded by a foreign company, which bought 6.512 million shares from al-Mosul Bank at a value of 1.15 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.