In order to purchase stocks, you will need to open a bank account at Warka Investment Bank. They will be your broker and will handle your stock transactions through your Warka Bank account.

The ISX currently only trades Sunday's, Tuesday's and Thursday's Iraqi time. So make sure that you send your stock purchase requests about a day or two before the ISX trades. Keep in mind that in the future the ISX may trade up to 5 days a week so check for that. Also you will mostly only get part of your requests purchased and you will need to resubmit a new request to complete any previous stocks/shares that they weren't able to completely purchase. You must resubmit your purchase requests every time as they will not automatically do it for you. Currently there is a minimum purchase requirement of 50,000 shares per company stock.

It may take about a week or more to get confirmation on the status of your ISX request. If your request was executed a confirmation email should include an attached Excel spreadsheet detailing exactly what was executed.

(To easily keep track of your purchases and your stock profits or losses download the attached Zip file “ISX Stock Profit or Loss” at the bottom of this post. It includes an Excel file with self updating graphs that are only compatible with MS Office 2000 or higher versions. You can still use it with other Office versions or software, just simply delete the graphical boxes by clicking on their edges and pressing delete.

To use the “ISX Stock Profit or Loss” Excel spreadsheet simply fill in the orange/input columns accordingly with your stock info and the rest will be done for you. If you do not have MS Office software, you will need to download the free OpenOffice software that will allow you to view Excel spreadsheets, go to www.OpenOffice.org.)

There's two types of forms that you will be able to use, the "ISX Proxy Purchase Request Form" or the "Non-Proxy Purchase Request Form". But keep in mind that if you are using the "Non-Proxy Purchase Request Form" you can only use it once you have submitted the required ISX foreign investor embassy certification document to Warka, and have been approved. You will need to follow the embassy certification procedures at the following link www.investorsiraq.com/?page=isx otherwise the "Non-Proxy Purchase Request Form" will not work for you.

Download and print the appropriate Proxy or Non-Proxy ISX purchase forms by clicking the attachments at the bottom of this post. Fill out the appropriate form and signed it. Now scan and save it as a jpg image or pdf file. Attach that jpg or pdf file into your ISX purchase request eMail and send it to ISX@Warka-Bank-Iq.com

Here’s an example eMail for a Warka Investment Bank ISX purchase request:


Hello,

Please note that attached to this eMail is an ISX purchase request/consent form to be executed as stated in the attached form.

Thank you,


If you don't have a scanner, please go to your nearest copy/printing shop and they can help you save it onto a disk.


> Below is an example of how the ISX forms are used:


I, (Your Name) authorize Warka Investment Bank to withdraw approximately (2,200,000) Dinars from my IQD Savings Account #__________ to purchase stocks in the following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of (Your Name) or until such time as (Your Name) shall instruct Warka Investment Bank to sell said shares on the Iraq Stock Exchange. It is understood between the parties that Warka Investment Bank shall receive 2% in the form of commission at the time when shares are transferred into the name of (Your Name). The following ISX stock purchases are to be executed for the trading day of (Date).


Purchase (100,000) Dinars worth of stock in each of the companies below:

• Banking Sector:
1) AL-WARKA'A INVESTMENT BANK
2) BABYLON BANK
3) BANK OF BAGHDAD
4) INVESTMENT BANK OF IRAQ
5) IRAQI ISLAMIC BANK
6) IRAQI MIDDLE EAST INVESTMENT BANK
7) NATIONAL / CIVILIAN BANK OF IRAQ

Purchase (200,000) Dinars worth of stock in each of the companies below:

• Investment Sector:
8) AL-WIAAM FOR FINANCIAL INVESTMENT
9) AL-ZAWRAA FOR FINANICAL INVESTMENT

Purchase (100,000) Dinars worth of stock in each of the companies below:

• Services Sector:
10) AL-AMEEN ESTATE INVESTMENT
11) AL-NUKHBA FOR CONSTRUCTION
12) MAMOURA REAL ESTATE INVESTMENT

• Industry Sector:
13) BAGHDAD SOFT DRINKS
14) EASTERN BREWERY
15) MESSAN FOR FOOD INDUSTRIES
16) METALLIC INDUSTRIES AND BICYCLES
17) MODERN PAINT INDUSTRIES
18) NATIONAL CHEMICAL INDUSTRIES
19) NINEVEH FOR FOOD INDUSTRIES
20) NORTH SOFT DRINKS

Total Dinars invested in 20 stocks = (2,200,000) Dinars.

Parties in full agreement, signed below.



_____________(Your Name)_____________ Date_____________
Legal Account Owner & Investor



_____________________________________ Date_____________
Warka Investment Bank Representative


One of things to keep in mind is not to over analyze this investment and make it too complex.

• Keep it simple and track the things that matter to you.

• Keep note of the highest price amount you paid for your stock against it's current closing price, and make that the deciding factor if you will profit or lose with your stock, if you were to sell it.

• Hold on to the stock until you see the type of profits that are to your liking. Sell fully or partially only when good profits can be reached.

• Do some research on what stocks may likely be more profitable in the future, if possible check a companies historical rises/downfalls, and possible financial outcome. Banks are usually a good stock investment along with a few other crucial industries.

• Try not to make selling/buying decisions on impulse or necessarily on what you may hear in the media.

Attached Files

	ISX Proxy Purchase Request Form.txt (1.2 KB, 194 views)
	ISX Non-Proxy Purchase Request Form.txt (1.0 KB, 209 views)
	ISX Stock Profit or Loss.zip (34.6 KB, 194 views)

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Below is the current list of ISX companies but please note that many of the companies below might not be currently trading much if at all. Also make sure to always check the following url links to see what companies have actually been trading recently to base your stock choices from. You can also see what their closing prices were so that you might know what price you will pay per stock share:

www.isx-iq.net/page/english/bulletin-daily-type-e.htm (Go to: Current Bulletin)

www.isx-iq.net/page/english/analysis-daily-e.htm

• Banking Sector:

AL-WARKA'A INVESTMENT BANK / WARKA BANK FOR INVESTMENT & FINANCE
ASHOUR BANK
BABYLON BANK
BANK OF BAGHDAD
BASRAH INTERNATIONAL BANK
COMMERCIAL BANK OF IRAQ
CREDIT BANK OF IRAQ
DAR ESSALAM INVESTMENT BANK
ECONOMY BANK FOR INVESTMENT
ETEHAD IRAQI BANK
GULF COMMERCIAL BANK
INVESTMENT BANK OF IRAQ
IRAQI ISLAMIC BANK
IRAQI MIDDLE EAST INVESTMENT BANK
IRAQI UNITED BANK
KURDISTAN INTERNATIONAL BANK
MOUSIL BANK FOR INVESTMENT
NATIONAL / CIVILIAN BANK OF IRAQ
NORTH BANK
SUMER COMMERCIAL BANK

• Investment Sector:

AL-AMEEN FOR FINANCIAL INVESTMENT
AL-AYAAM FOR FINANCIAL INVESTMENT
AL-BATEK FOR FINANCIAL INVESTMENT
AL-KHAIMA FOR FINANCIAL INVESTMENT
AL-KHAIR FOR FINANCIAL INVESTMENT
AL-QUM'A FOR FINANCIAL INVESTMENT
AL-WIAAM FOR FINANCIAL INVESTMENT
AL-ZAWRAA FOR FINANCIAL INVESTMENT
MESOPOTAMIA INVESTMENT

• Insurance Sector:

AHLIYA FOR INSURANCE
AL-AMEEN FOR INSURANCE
AL-HAMRAA FOR INSURANCE
DAR AL-SALAM FOR INSURANCE

• Services Sector:

AL-AMEEN ESTATE INVESTMENT
AL-BADIA FOR GENERAL TRANS
AL-MA'MUN FOR GENERAL TRADING
AL-MOSUL FOR FUNFAIRS
AL-NUKHBA FOR GENERAL CONSTRUCTION
AMUSEMENT TOWN
BABIL FOR CINEMATIC PRODUCTION
BAGHDAD MOTOR CARS SERVICING
BAGHDAD PASSENGERS TRANSPORT
IRAQI FOR GENERAL TRANSPORTATION
IRAQI LAND TRANSPORT
KHARKH TOUR AMUSEMENT CITY
MAMOURA REAL ESTATE INVESTMENT

• Industry Sector:

AL-HILAL INDUSTRIES
AL-KHAZER FOR CONSTRUCTION MATERIALS
AL-KINDI OF VETERINARY VACCINES
AL-MANSOUR PHARMACEUTICALS INDUSTRIES
AL-RAFIDAIN FOR CARBONATED DRINKS
BAGHDAD FOR PACKING MATERIALS
BAGHDAD SOFT DRINKS
EASTERN BREWERY
ELECTRONIC INDUSTRIES
FALLUJAH FOR CONSTRUCTION MATERIALS
IRAQI BOTTLING AND CANNING
IRAQI CARTON MANUFACTORIES
IRAQI DATE PROCESSING AND MARKETING
IRAQI ENGINEERING WORKS
IRAQI FOR TUFTED CARPETS
KIRKUK FOR PRODUCING
MESSAN FOR FOOD INDUSTRIES
MODERN CHEMICAL INDUSTRIES
MODERN CONSTRUCTION MATERIAL INDUSTRY
MODERN PAINT INDUSTRIES
MODERN SEWING
NATIONAL CHEMICAL & PLASTIC INDUSTRIES
NATIONAL FOR FOOD INDUSTRIES
NATIONAL HOUSEHOLD FURNITURE INDUSTRY
NATIONAL METALLIC INDUSTRIES AND BICYCLES
NINEVEH FOR FOOD INDUSTRIES
NORTH SOFT DRINKS / NORTH SOFT DRINKS & MINERAL WATER
READY MADE CLOTHES
THE LIGHT INDUSTRIES

• Hotels & Tourism Sector:

AL-MANSOUR HOTEL
AL-SADEER HOTEL
ASHOUR HOTEL
BABYLON HOTEL
BAGHDAD HOTEL
ISHTAR HOTELS
KARBALA HOTELS
NATIONAL FOR TOURIST INVESTMENT
PALESTINE HOTEL
TOURIST VILLAGE OF MOSUL DAM

• Agriculture Sector:

AL-AHLYIA FOR AGRICULTURAL PRODUCTION
AL-EKHA'A FOR AGRICULTURAL PRODUCTION
AL-ITHMAR AGRICULTURAL
AL-THERAR FOR AGRICULTURAL PRODUCTION
BABIL FOR ANIMAL PRODUCTION
IRAQI AGRICULTURAL PRODUCTS MARKETING
IRAQI FOR SEED PRODUCTION
IRAQI PRODUCTION AND MARKETING MEAT
MIDDLE EAST FOR PRODUCTION - FISH
MODERN FOR ANIMAL PRODUCTION

Attached Files

ISX Company List.txt (2.9 KB, 105 views)

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thank you, saving to my computer for future use! I thought they charged 2% to sell ?

How can I choose limited price at which I want to buy a stock? This form is probably just for trading at market price?

This is a really interesting listing... I dont understand alot about how ISX works but I want to know more. I believe I would be a fool to only hold cash as I am currently doing. So if I can get some confirmation about how to accoumplish a successful ISX investment (I will summarize what I think is the process)

1. get warka account (not exactly sure how but will do it)
2. pick several stocks that I research and interest me
3. use warka order form and email them my choices
(50k shares per company minimum)
4. be patient for them to act as my agent and check spreadsheet to view my account
5. eventually submit the required ISX foreign investor embassy certification document to Warka (I assume this is easy enough)
6. if I read it right, it looks like alot of stocks are around 1.000 IQD/share


...this seems too simple please let me know what I am missing - thanks

__________________
"Die young as old as you can"

Not missing a thing, that sums it up. Just have to be patient on the buy end.

__________________

Don’t be irreplaceable; if you can’t be replaced, you can’t be promoted.

Now that the ISX allows foreigners in the market, has any one updated there Stock request letters to request the stocks purchased in their own good name? The current letter

"(Your Name) authorize Warka Investment Bank to withdraw approximately (2,200,000) Dinars from my IQD Savings Account #__________ to purchase stocks in the following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of "

authorizes Warka to purchase in proxy and deduct fees to do so. It only makes good business sense to them to continue to purchase through the proxy and collect fees when you buy and sell your stocks unless you tell them to you want the stocks in your name.

Has anyone used this current letter or this type of letter authorizing the proxy, but recieved shares in their names?

What I was trying to say with this post was: Some people like myself, want the stock put in their name and have completed all requirements (certified copies and state dept and Iraqi embassy stamps). I have purchased stock months after completing all paper work and receiving confirmation from Warka that they have my stamped ,certified paperwork in their vault. There has been no indication that they purchased that stock in my name. This may be because I was still using the stock request form that mentions” Stocks are to be held by Warka Investment Bank in trust”(proxy). I was asking if others had still been using the template letter or one similar and had received notice that stock was purchased in their name. Having all my stock in my name is my goal and it no longer make sense to have Warka purchase in proxy and charge 1% if in order to transfer my stock to my name they will sell for another 1%, then buy back in my name for yet another 1% then eventually sell for once again for 1%. 1+1+1+1=4% verses buying in my own name for 1% then eventually sell for 1% 1+1=2%

Some people may want to continue with the proxy program, but I was trying to determine if there is a need to add an additional template letter for the people who have completed their paperwork requirements and no longer want to be charged the additional 2% for the proxy program, if in the end we will have too, or want too have the stocks transferred to our name.

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Does Warka / Mr I accept digital signatures on electronic correspondence for stock orders / requests? Does anyone have experience in doing this with Warka? Verisign??

Currently, foreigners are not allowed to purchase stocks on the ISX. Accordingly, stock purchase must be done through a proxy, such that the purchase is not done in your name.

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