Insulated from global woes, Iraqi stocks soar

An Iraqi stock trader reacts in front of Iraq's stock exchange board, in Baghdad, Sunday, Oct. 12, 2008. While the rest of the world is facing a financial meltdown, the Iraq stock exchange is enjoying a boom. The ISX index has soared 20 percent since September, boosted by huge growth in the hotel sector as investors grow increasingly confident about recent security gains. (AP Photo/Hadi Mizban) By KIM GAMEL Associated Press Writer BAGHDAD (AP) - While the rest of the world faces a financial meltdown, the Iraq Stock Exchange index has 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... [read full story]                    

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