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Iraq Stock Exchange

Iraq Stock Exchange

The Iraq Stock Exchange (ISX), formally the Baghdad Stock Exchange, is a stock exchange in Baghdad, Iraq.

The Iraq Stock Exchange was incorporated and began operations in June 2004. It operates under the oversight of the Iraq Securities Commission, an independent commission modeled after the U.S. Securities and Exchange Commission.

As of 2005, the ISX is Iraq's only stock exchange. It lists more than 100 companies, and is growing rapidly. Turnover of shares in 2005 was approximately 5 million USD per trading session. Major stocks include Bank of Baghdad, Baghdad Soft Drinks Co, and Iraqi Tufted Carpets Co.

In 2006 92 trading sessions were held (an average of 2 per week), 57 billion shares were traded (at a value of 146 billion dinars), and 38,000 trades were consummated.

The ISX opened to foreign investors on August 2, 2007.

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