Iraq's new stock exchange simply booming

[danpeg]

"It's simply fantastic. I sold shares worth five million dinars (3,500 dollars) and made a profit of more than two million dinars (1,600 dollars) in just one session. What a great day," "The opening of the exchange is the best thing that has happened to the Iraqi economy. Just wait for one year and see how the market moves. People are going to make millions." http://www.channelnewsasia.com/stories/afp_world_business/view/96306/1/.html

[TBOTECH]

"The unofficial figures of the day's trade tell the story. Over $10 million in stocks changed hands, reflecting the movement of about 1.43 billion shares — though only 27 companies are listed on the exchange."

"The exchange was inaugurated last month and is open two days a week for two hours a day. Sunday's session was the first open to the media."

http://www.foxnews.com/story/0,2933,126127,00.html

"The added bonus will be opening the door for foreign investment. The legal framework is in place, but the details have yet to be completed."

[Blake]

Very nice to see.

I hope when they update to an automated electronic system, it allows foreign investors to watch the stock prices in Real Time with the easy communication with our brokers so we can make the most informed and up-to-date decisions on buying/selling.

The concern I have right now is the delay with foreign investors getting the stock prices emailed to us, to then us delivering buy/sell orders back to the brokers, to the brokers actually executing our orders on the exchange. They need to speed up the process in which this can be accomplished since we're not physically in Iraq.

[TBOTECH]

It sounds as if the Iraqis are eager for foreign investors to come in to the ISX. Once everything is set up, I'm sure there'll be an easier way for account holders to buy and sell rather than by email. In fact, I'd bet that those preliminary steps are already being taken. (opinion, not based on fact).

[Marilyn]

Wow, very exciting article. Makes you wanna start trading today !?

Ya know, today the t-bill went on the market and not a peep about it...

[highrollr19]

CNN just ran a report on the ISX and it sounded pretty promising! That is saying alot for the news to give any good news these days

[Marilyn]

Front page news on Fox News. com

http://www.foxnews.com/story/0,2933,126127,00.html

[Psycho for Dinar]

Fantastic article Marilyn. It shows that the Iraqi people have great confidence in their future.
What will all the pessimists have to say when the Dinar boat finally arives for us!!!

[fsm75]

Here it comes. The rest of the world is going to jump on the ship and our dinar is going to sky rocket. In the next few years we are going to be rolling in cash.

[SwansonHomes]

How can I get enrolled to trade stock in Iraq? I have 6,000,000 Dinars.....could I get that money to an institution in Iraq? Any help is appreciated.

[AF Sergeant]

http://www.washtimes.com/business/20040718-115717-4867r.htm

Check this out, 1.43 Billion shares traded in 1 day. Iraqi's are going nuts for the stock market.