IRAQI STOCK EXCHANGE

will launch trading on shares of Bank of Babel in session Sunday, 09/12/2012 (increase and capitalization), General Authority has decided in its meeting on 11.28.2012 increase the company's capital (100) million dinars (150) million through the capitalization of earnings (4.592%) and in accordance with Article (55 / II) and IPO (45.408%) and in accordance with Article (55 / I). And the rate is indicative of her first session is (0.840) dinars. The limits will be the proportion of change (50%) at a higher and lower than the indicative price.

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The only thing that makes sense to me is this .84 is referring to a price, not a rate....but the wording is not clear. This is implied with the reference to the indicative price. We could verify this by taking a look at Babel. In this manner, pricing is kind of like a percentage. If shares trade at .84 dinars per share and a share is a singular unit (one), then the rate/price is 84% of each unit. This is how pricing is done for trading in the market.