Thread: ISX Delima on figures being Used-neno.

Originally Posted by Seaview

Do you mean dollar price is not consistent with dinar price of the shares?

i dont understand it much myself thats why i asked a friend to look at it,what he said was,

jase there is no way that 1.40 usd is on par with nid at a that rate of 1260 nid nor is it 1260 nid per any other currency..the only way to get it would to be pegged (basket sdr) or floated at 1.40 on the exchange and when the market opens it grows more it cant be a live stock market at a rate of 1.40 ish and trade and they were going to float or peg it and its weaker than 1.40 as they would lose billions in a matter of minutes i think we have found what they are going to float the nid at tomorrow thay wont lose money but gain

Originally Posted by Seaview

My advisor asks - please justify your statement if you can?

I am just trying to justify a answer. Any help out there?

"He's awfully sorry but he's not convinced - your argument is less than robust."

That's his quote above - all I can say is he doesn't feel your being clear and he's not sure where you got 1.40 from - perhaps you could clarify that?

Originally Posted by Seaview

Do you mean dollar price is not consistent with dinar price of the shares?

Iraq Stock Exchange / Daily Bulletin Wednesday 6 June 2007
Company Treded Volume Opening Closing Average Previous Highest Lowest Last Bid Last Offer Number of
Name Shares Price Price Price Averge Price Price Price Price Price Trades
Banks Sector
Commercial Bank of Iraqi 23462500 32870625 1.450 1.400 1.400 1.400 1.450 1.400 1.400 1.450 9
Bank Of Baghdad 13047000 28958400 2.250 2.200 2.200 2.200 2.300 2.200 2.150 2.250 14
Iraqi Islamic Bank for investment & development 38616586 30893269 0.800 0.800 0.800 0.800 0.800 0.800 0.800 0.850 9
Iraqi Middle East Investment Bank 47907279 119637198 2.450 2.500 2.500 2.400 2.500 2.450 2.500 2.550 26
Investment Bank Of Iraqi 19046887 23346396 1.250 1.250 1.250 1.250 1.250 1.200 1.200 1.250 22
Basrah International Bank for Investment 10005693 10505978 1.050 1.050 1.050 1.050 1.050 1.050 1.050 1.100 7
National Bank of Iraq 5965241 6213503 1.000 1.050 1.050 1.000 1.050 1.000 1.000 1.050 5
Credit Bank of Iraq 1704770 7358965 4.500 4.250 4.300 4.300 4.500 4.250 0.000 4.400 4
Dar Essalam Investment Bank 297000 1885950 6.350 6.350 6.350 6.150 6.350 6.350 5.800 6.500 1
Sumer Commercial Bank 26880608 26880608 1.000 1.000 1.000 1.000 1.000 1.000 1.000 0.000 5
Economy Bank for Investment 6500000 14950000 2.300 2.300 2.300 2.300 2.300 2.300 2.150 0.000 2
Gulf commercial Bank 1000000 1200000 1.200 1.200 1.200 1.200 1.200 1.200 1.150 1.300 2
Union Bank of Iraq 23307000 25660200 1.100 1.100 1.100 1.050 1.150 1.050 1.100 0.000 13
North Bank 253130437 311936960 1.000 1.500 1.250 1.000 1.500 1.000 0.000 0.000 65
Kurdistan International Bank for Investment & Development 910000 1592500 1.750 1.750 1.750 1.800 1.750 1.750 1.600 1.750 1
Total 471781001 643890552 ISX price index 36.058 0.552 185

i am really confussed neno justify what mate

ok now i understand

Share prices are at a rate unknown to us so were have they got them prices from as they are higher that 1260

That alot of shares in dinars for opening and closing at 1.40 if that was in dollars.

Commercial Bank of Iraqi 23462500 32870625 1.450 1.400 1.400 1.400 1.450 1.400 1.400 1.450

What is that, about 9.4 million difference for shares traded?

"I believe these prices are dinars not dollars. These prices are 1400 dinars (i mean fils)"

i am waiting for a phone call back as i dont understand it to well were is knowles when u need him lol if it true then we are on the money