ISX closes with 40,000 shares

BAGHDAD / IraqiNews.com: The Iraqi Stock Exchange (ISX) closed its session on Tuesday, the second this week, with a 40,000-share contract at a value of 15.75 Iraqi dinars (1 U.S. dollar = 1,118 Iraqi dinars) per share. The contract was concluded by an Iraqi company, which bought the shares from the Baghdad Hotel Company. The stock market opened its session this morning with two contracts worth over 10 million shares. The first contract was concluded by an Iraqi company, which bought 3.8 million shares from the Baghdad Bank at a value of 2.4 Iraqi dinars per share; while the second contract was concluded by a foreign company, which bought 6.37 million shares from al-Ahli Bank at a value of 0.95 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) 1