Insulated from global woes, Iraqi stocks soar
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While the rest of the world is facing a financial meltdown, the Iraq Stock Exchange is booming.
The ISX index soared nearly 40 percent during September, boosted by increasing confidence in security gains.
The ISX is only open two hours a day, three days a week and brokers track trading activity on the floor with colored markers and white bulletin boards instead of computers. But investors are seeing gains, especially in the hotel sector, even as markets elsewhere are taking a tumble.
The ISX index soared nearly 40 percent during September, boosted by increasing confidence in security gains.
The ISX is only open two hours a day, three days a week and brokers track trading activity on the floor with colored markers and white bulletin boards instead of computers. But investors are seeing gains, especially in the hotel sector, even as markets elsewhere are taking a tumble.
