ISX cancels sessions over Eid holiday

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) has decided to cancel all sessions coinciding with the holiday period of Eidul-Adha, or the Greater Bairam. “The stock market will stop its activities as of today until December 16, 2008,” according to the ISX’s daily bulletin. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. Eidul-Adha or the Festival of Sacrifice is a religious festival celebrated by Muslims and Druze worldwide in commemoration of the willingness of Ibrahim (Abraham) to sacrifice his son as an act of obedience to God. SS (P)/SR 1