ISX closes with 1M-share contract

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) closed its session on Sunday, the first this week, with a one-million-share contract at a value of 14.05 Iraqi dinars (1 U.S. dollar = 1,118 Iraqi dinars) per share. The contract with concluded by an Iraqi company, which bought the shares from Babel Bank. The stock market opened its session this morning with two contracts worth over 1.4 million shares. The first contract was concluded by an Iraqi company, which bought 967,660 shares from the Dar al-Salam Insurance Company at a value of 1.75 Iraqi dinars per share dinars; while the second contract was concluded by a foreign company, which bought 500,000 shares from al-Badiyah Company for Public Transport at a value of 2.75 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. SS (P)/SR 1