The Iraqi Stock Exchange announced on Thursday that it has suspended its activity for five days on the occasion of Eid al-Fitr.
The market said in a statement that due to the approaching Eid al-Fitr, the Board of Governors decided not to organize trading sessions for days from June 25 to June 29 to coincide with the Eid al-Fitr holiday.
The market said that the first trading session in the Iraqi market for securities will be after the Eid al-Fitr and from Sunday, the second day of August 2014.
The Iraqi market for securities was established in June 2004, and was previously relied on manual trading. In April 2009, electronic trading was partially approved by some companies and electronic trading started for companies registered in 2010. The market is traded in 101 companies belonging to eight sectors Banking, industrial, hotel, tourism, agricultural, investment and insurance, in addition to communications.
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