Iraq SE

The Iraq Stock Exchange ('ISX), formally the Baghdad Stock Exchange, is a stock exchange inBaghdad, Iraq.
The Iraq Stock Exchange was incorporated and began operations in June 2004.[1] It operates under the oversight of the Iraq Securities Commission, an independent commission modeled after theU.S. Securities and Exchange Commission. June Reed is an American adviser to the stock exchange.[2]
Before the 2003 invasion of Iraq, it was called the Baghdad Stock Exchange and was operated by the Iraqi Ministry of Finance. Now it is a self-regulated organization similar to the New York Stock Exchange, owned by the 50 or so member brokerages. [2]
As of 2005, the ISX was Iraq's only stock exchange. It opened in 2004 with 15 companies, and now lists more than 100 companies. Turnover of shares in 2005 was approximately $5 million USD per trading session. Major stocks included Bank of Baghdad, Baghdad Soft Drinks Co, Iraqi Tufted Carpets Co, Hader Marble, and Altherar Agriculture.[2]