Traders work the floor at the Baghdad stock market Monday Feb. 17 2003. The Baghdad Stock Exchange doesn't have hostile takeovers, e-trading or even an air conditioner, but it's one of the hottest markets in the world. Since the beginning of August, when the prospect of war with Iraq began to solidify, the Dow Jones industrial average has fallen by 7 percent, the London FTSE 100 index of British blue chips has slid 10.6 percent and the Xetra DAX index of leading German shares has tumbled 25.8 percent. Meanwhile, the benchmark Baghdad Stock Index has quietly gone from 1,317 to 1,933 - a 47% rise.