Iraqi Stock Exchange trading on a promise

[JeffP]

"... the Iraqi government recently announced plans to let foreigners get a piece of the stock market, and that has created a bit of a stir among 10,000 or so individual and corporate investors who trade here. "

http://www.nj.com/news/ledger/index....0008236990.xml

JeffP

[Chaka]

notice dar salaam at 3 dinar per share- isn't it currently at 38

[Lux]

"... the Iraqi government recently announced plans to let foreigners get a piece of the stock market, and that has created a bit of a stir among 10,000 or so individual and corporate investors who trade here. "

http://www.nj.com/news/ledger/index....0008236990.xml

JeffP

Thanks for the post Jeff!

I picked up a copy of that paper. Showing it to some of my co-workers.

Since it's the local paper (not the "Iraq Times") it's carrying alot of weight to them.

I love the looks on their faces.




SL

[dougmyers]

"We in Iraq still maintain a high level of decency," said Tabatabai. "We have never had fraud. We still live by honor."

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This from the land of Allih Babba and the Fourty Thieves! :lmao: :lmao:

[BrerRabbit]

"Jimmy Effem Toma" there's a name. Sounds like it hit man for the mob.

[Weston]

notice dar salaam at 3 dinar per share- isn't it currently at 38

there's two Dar Salaam, one Dar Salaam Bank (38) and Dar Salaam Insurance (3)


oh yeah and exciting news too..just have to wait..more waiting

[Lux]

there's two Dar Salaam, one Dar Salaam Bank (38) and Dar Salaam Insurance (3)


oh yeah and exciting news too..just have to wait..more waiting

Yes there are two different businesses, but Dar Sallam Bank jumped from 3.25 on 2/16 to 28.00 on 2/20, an increase of 784%.

It has climbed as high as 40.00 on 3/20 and is currently 35.00 as of yesterday.

http://isx-aman.com/ Go to quotes and do a search on "119. Dar Sallam Bank".

[MEALTICKET]

Anyone buying the CD' at Al Warka? Great investment with the stock market buys :lmao: