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.
The ISX opened to foreign investors on August 2, 2007.
Welcome return for Baghdad bourse: logistical obstacles fail to deter equity-hungry investors on the ISX.(Capital markets: Iraq)(Iraqi Stock Exchange )(Illustration)
Aug 06, 2004; In late June, in a tent on the site of a former Italian restaurant behind Baghdad's A1-Mansour hotel, a major step in the...