View Full Version : Al-Karmal - Stock Broker
02-26-2009, 11:17 PM
Anyone using Al-Karmal as there stock broker instead of Warka?? What are there minimum shares per trade (purchase)?? Minimum account balance? Because Warka's minimum 200,000 shares per trade is pretty much impossible to accomplish when trying to buy some of the Hotel stocks unless you have a load of cash to play with...
And there is one more thing that's been on my mind...
How do we all know if Warka is really adding our free shares to our portfolios when companies announced this information. I get an excel sheet from Warka once in a while for some of the companies that I own. And there are other times I get nothing even though I have owned stock in thoses companies for many years....
Anybody feel my frustration..
02-27-2009, 02:43 AM
From What I understand of Al-Karmal its made for people with more money then alwarka. But really I don't know the details. Maybe someone else can help. There's something in my brain about definitely being a minimum
02-27-2009, 03:13 AM
I never thought this would happen , I still rembrer when there no minimums, you now a couple grand to invest, minimums are just memories now.
02-27-2009, 06:23 AM
You might email them for information on their services.
02-27-2009, 05:42 PM
It is my FIRm belief that Warka is an excellent bank.However,they have 10,000 foreign accounts,5,000 of which are in the ISX.Mr. I is opening 30 new foreign accounts a day,and Warka banks other outlets are opening 150 a day.They are SWAMPED with business.Consequently,their customer service is lacking.Mr. I is working 12-14 hrs. a day-he has an apartment at the bank.I used to get excellent service,but NOT anymore.In the future,when they go fully electronic,and get settled down-they will be a great bank-aGAIN-BUT not NOW.I RECOMMEND anyone opening an account to go to Karmal-he is a member of this forum.IMHO
02-27-2009, 05:50 PM
Uhmmmm, that is sooooo not Brad Pitt on their account opening page...lol
02-28-2009, 12:28 AM
The 200,000 min buy of any shares was set by the ISX and NOT Warka
Put in an order to buy 200,000 shares in a hotel and on the same sheet you have told them to sell 150,000 of the hotel you just bought
I think Warka could help us out by lumping together our shares to get over the min buy in and then just split them up for us, although they are very busy at the moment, J.
02-28-2009, 12:07 PM
I emailed them and the answer was that this person is actually a Muslim Stunt Double for Brad Pitt. His real name is Bradama Al - Pittaful. The Mosul Karmal production company has been waiting for Brad and Angelina to start their new movie in Baghdad. Karmal is having a contest to name the new movie. Any suggestions?
AL-Pittaful ? Haha very nice! +1
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