AAD
07-21-2007, 07:47 AM
How To Sell ISX Stocks Through Warka Investment Bank
Last updated: 11/09/2010
[NOTE: Warka was the trend-setter but it is now not the only bank/broker in Iraq willing to do business with foreigners, I cannot provide you with broker requirements from other brokers as I don't do business with them. But please don't let that stop you from checking out the competition and doing your own due diligence. You may be interested in brokers like Al-Karmal LTD. (http://www.isx-karmal.com/) or any broker found at the official ISX site ISX-Iq.net (http://72.52.252.89/isxportal/portal/brokerListContainer.html), simply contact those brokers and follow their required procedures.
Please do not send your eMails to Mr. I or the wrong Warka department, doing so will result in the deletion of your correspondence.
“Emails directed to the non-related departments will be removed automatically by our web administrator noting that in accordance with our working procedures senior executive do not handle customer inquiries where it is important to direct your email to the related department at our bank.” – Mr. I - 10/25/2010.
Contact ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com) for all ISX related concerns/questions.]
For information on buying ISX stock go to: How To Purchase ISX Stocks Through Warka Investment Bank (http://www.investorsiraq.com/showthread.php?t=48300)
For information about companies and their current trade prices go to: ISX Company List (http://www.investorsiraq.com/showthread.php?148053-((Read!))-ISX-Company-List...)
Starting November 1, 2009 trading days on the ISX will be Sunday to Thursday, the market will be closed Fridays. The pre-session period will start at 9:30 am Iraqi time, the main trading session will be two hours from 10 am to 12 pm Iraqi time. So make sure that you send your stock sell requests a day before the ISX trading hours. Do not resubmit the same sell requests, wait for confirmation that they will put your sell requests into the ISX system. Keep in mind that in order to sell there must be buyers willing to buy your shares, otherwise your order may not be fully sold or sold at all.
It may take about a week or more to get a response 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 sell ISX stock download the "ISX Sell Request Form" file attached at the bottom of this post. Print it, fill it, sign it, scan it and save it as a PDF file. 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. Now send the PDF attached with your ISX sell eMail request to: ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com)
Here’s an example eMail for an ISX sell request:
Hello,
Please note that attached to this eMail is an ISX sell authorization PDF form to be executed.
Thank you,
> Below is an example of how the ISX sell form is used:
I, _(Your Name)_ authorize Warka Investment Bank to sell approximately _(7,111,792)_ shares and deposit all sale proceeds into my IQD Savings Account #__________. It is understood between the parties that Warka Investment Bank shall receive 1% in the form of commission at the time when said shares/stocks are sold and their sale proceeds deposited into the mentioned account above.
1. Sell 150,000 shares from the company below:
Iraqi Middle East Investment Bank - BIME
2. Sell 51,459 shares from the company below:
Babylon Bank - BBAY
3. Sell 100,00 shares from the company below:
Bank Of Baghdad - BBOB
4. Sell 10,000 shares from the company below:
Commercial Bank of Iraqi - BCOI
5. Sell 1,500,000 shares from the company below:
Al-Wiaam for Financial Investment - VWIF
6. Sell 1,000,000 shares from the company below:
Al-Zawraa for Financial Investment - VZAF
7. Sell 200,000 shares from the company below:
Modern Construction Materials Industry - IMCM
8. Sell 700,000 shares from the company below:
Modern Paint Industries - IMPI
9. Sell 300,000 shares from the company below:
Modern Sewing - IMOS
10. Sell 800,000 shares from the company below:
National Chemical & Plastic Industries - INCP
11. Sell 400,000 shares from the company below:
National For Food Industries - INFF
12. Sell 900,000 shares from the company below:
National Household Furniture Industry - IHFI
13. Sell 500,000 shares from the company below:
Nineveh Food Industries - INFI
14. Sell 350,333 shares from the company below:
North Soft Drinks - INSD
15. Sell 100,000 shares from the company below:
Ready Made Clothes - IRMC
16. Sell 40,000 shares from the company below:
The Light Industries - ITLI
Total shares to be sold from 16 company stocks = 7,111,792.
Parties in full agreement, signed below.
_____________(Your Name)_____________ Date_____________
Legal Account Owner & Investor
_____________________________________ Date_____________
Warka Investment Bank Representative
__________________________________________________ ________________________
NOTE: Keep in mind that just because you are selling shares/stocks it does not mean that they will be sold entirely, partially, or at all. First there must be other people looking to buy what you are selling. So in other words Warka Investment Bank will sell your shares/stocks as long as there was someone willing to buy them. You can contact ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com) regarding any personal and important ISX issues.
ISX Tips
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 or forums.
None of the above is to be taken as financial or legal advice... - AAD
____________________________Important_____________ ________________
Whenever eMailing Warka Investment Bank for whatever important issue, do it around their business hours and preferably in the morning 8-11am Sun-Thurs Iraqi time. Never send them more than one email per day, just be patient for a response. Sometimes Warka Investment Bank may be very busy and what should normally take a few days, can take a week or more. If you also factor in any holidays in Iraq (and Germany if wiring funds) those can also delay the response process. Please don't drown them with eMails because this in the end will affect everyone's response time. Remember for common questions/tips you can always simply ask them here at the forum instead of eMailing Warka with non crucial questions. You can check the current Baghdad time before eMailing them: www.timeanddate.com/worldclock/city.html?n=27 (http://www.timeanddate.com/worldclock/city.html?n=27)
Contacting Warka Investment Bank
Below are the contact details of the related departments at Warka's Main Iraqi Branch that will handle your specific requirements and inquiries. Please direct your emails directly to the related department where a full response should be provided within 3 business days. Inquiries/emails directed to the wrong department will be automatically disregarded; emails sent over the weekend (Friday & Saturday Iraqi time) or on Iraqi holidays will also be disregarded.
For any information concerning opening an account at any Warka branch, please contact: C.Accounts@Warka-Bank-Iq.com
The contact details below are only for clients holding or wishing to hold accounts at the Main Branch.
For any general information you may need to ask, please contact: Info@Warka-Bank-Iq.com
For any information concerning opening CDs, wire transfer confirmations for clients whom do not have online access, exchanging funds for clients whom do not have online access, bank account statements, please contact: C.Services@Warka-Bank-Iq.com
For any information concerning online/e-banking, please contact: e-Bank@Warka-Bank-Iq.com
For any information concerning the Iraq Stock Exchange (ISX), please contact: ISX@Warka-Bank-Iq.com
Official Warka Investment Bank Website
www.Warka-Bank.com (http://www.warka-bank.com/)
I wish you the best of luck and prosperity...:wave:
Last updated: 11/09/2010
[NOTE: Warka was the trend-setter but it is now not the only bank/broker in Iraq willing to do business with foreigners, I cannot provide you with broker requirements from other brokers as I don't do business with them. But please don't let that stop you from checking out the competition and doing your own due diligence. You may be interested in brokers like Al-Karmal LTD. (http://www.isx-karmal.com/) or any broker found at the official ISX site ISX-Iq.net (http://72.52.252.89/isxportal/portal/brokerListContainer.html), simply contact those brokers and follow their required procedures.
Please do not send your eMails to Mr. I or the wrong Warka department, doing so will result in the deletion of your correspondence.
“Emails directed to the non-related departments will be removed automatically by our web administrator noting that in accordance with our working procedures senior executive do not handle customer inquiries where it is important to direct your email to the related department at our bank.” – Mr. I - 10/25/2010.
Contact ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com) for all ISX related concerns/questions.]
For information on buying ISX stock go to: How To Purchase ISX Stocks Through Warka Investment Bank (http://www.investorsiraq.com/showthread.php?t=48300)
For information about companies and their current trade prices go to: ISX Company List (http://www.investorsiraq.com/showthread.php?148053-((Read!))-ISX-Company-List...)
Starting November 1, 2009 trading days on the ISX will be Sunday to Thursday, the market will be closed Fridays. The pre-session period will start at 9:30 am Iraqi time, the main trading session will be two hours from 10 am to 12 pm Iraqi time. So make sure that you send your stock sell requests a day before the ISX trading hours. Do not resubmit the same sell requests, wait for confirmation that they will put your sell requests into the ISX system. Keep in mind that in order to sell there must be buyers willing to buy your shares, otherwise your order may not be fully sold or sold at all.
It may take about a week or more to get a response 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 sell ISX stock download the "ISX Sell Request Form" file attached at the bottom of this post. Print it, fill it, sign it, scan it and save it as a PDF file. 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. Now send the PDF attached with your ISX sell eMail request to: ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com)
Here’s an example eMail for an ISX sell request:
Hello,
Please note that attached to this eMail is an ISX sell authorization PDF form to be executed.
Thank you,
> Below is an example of how the ISX sell form is used:
I, _(Your Name)_ authorize Warka Investment Bank to sell approximately _(7,111,792)_ shares and deposit all sale proceeds into my IQD Savings Account #__________. It is understood between the parties that Warka Investment Bank shall receive 1% in the form of commission at the time when said shares/stocks are sold and their sale proceeds deposited into the mentioned account above.
1. Sell 150,000 shares from the company below:
Iraqi Middle East Investment Bank - BIME
2. Sell 51,459 shares from the company below:
Babylon Bank - BBAY
3. Sell 100,00 shares from the company below:
Bank Of Baghdad - BBOB
4. Sell 10,000 shares from the company below:
Commercial Bank of Iraqi - BCOI
5. Sell 1,500,000 shares from the company below:
Al-Wiaam for Financial Investment - VWIF
6. Sell 1,000,000 shares from the company below:
Al-Zawraa for Financial Investment - VZAF
7. Sell 200,000 shares from the company below:
Modern Construction Materials Industry - IMCM
8. Sell 700,000 shares from the company below:
Modern Paint Industries - IMPI
9. Sell 300,000 shares from the company below:
Modern Sewing - IMOS
10. Sell 800,000 shares from the company below:
National Chemical & Plastic Industries - INCP
11. Sell 400,000 shares from the company below:
National For Food Industries - INFF
12. Sell 900,000 shares from the company below:
National Household Furniture Industry - IHFI
13. Sell 500,000 shares from the company below:
Nineveh Food Industries - INFI
14. Sell 350,333 shares from the company below:
North Soft Drinks - INSD
15. Sell 100,000 shares from the company below:
Ready Made Clothes - IRMC
16. Sell 40,000 shares from the company below:
The Light Industries - ITLI
Total shares to be sold from 16 company stocks = 7,111,792.
Parties in full agreement, signed below.
_____________(Your Name)_____________ Date_____________
Legal Account Owner & Investor
_____________________________________ Date_____________
Warka Investment Bank Representative
__________________________________________________ ________________________
NOTE: Keep in mind that just because you are selling shares/stocks it does not mean that they will be sold entirely, partially, or at all. First there must be other people looking to buy what you are selling. So in other words Warka Investment Bank will sell your shares/stocks as long as there was someone willing to buy them. You can contact ISX@Warka-Bank-IQ.com (ISX@Warka-Bank-Iq.com) regarding any personal and important ISX issues.
ISX Tips
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 or forums.
None of the above is to be taken as financial or legal advice... - AAD
____________________________Important_____________ ________________
Whenever eMailing Warka Investment Bank for whatever important issue, do it around their business hours and preferably in the morning 8-11am Sun-Thurs Iraqi time. Never send them more than one email per day, just be patient for a response. Sometimes Warka Investment Bank may be very busy and what should normally take a few days, can take a week or more. If you also factor in any holidays in Iraq (and Germany if wiring funds) those can also delay the response process. Please don't drown them with eMails because this in the end will affect everyone's response time. Remember for common questions/tips you can always simply ask them here at the forum instead of eMailing Warka with non crucial questions. You can check the current Baghdad time before eMailing them: www.timeanddate.com/worldclock/city.html?n=27 (http://www.timeanddate.com/worldclock/city.html?n=27)
Contacting Warka Investment Bank
Below are the contact details of the related departments at Warka's Main Iraqi Branch that will handle your specific requirements and inquiries. Please direct your emails directly to the related department where a full response should be provided within 3 business days. Inquiries/emails directed to the wrong department will be automatically disregarded; emails sent over the weekend (Friday & Saturday Iraqi time) or on Iraqi holidays will also be disregarded.
For any information concerning opening an account at any Warka branch, please contact: C.Accounts@Warka-Bank-Iq.com
The contact details below are only for clients holding or wishing to hold accounts at the Main Branch.
For any general information you may need to ask, please contact: Info@Warka-Bank-Iq.com
For any information concerning opening CDs, wire transfer confirmations for clients whom do not have online access, exchanging funds for clients whom do not have online access, bank account statements, please contact: C.Services@Warka-Bank-Iq.com
For any information concerning online/e-banking, please contact: e-Bank@Warka-Bank-Iq.com
For any information concerning the Iraq Stock Exchange (ISX), please contact: ISX@Warka-Bank-Iq.com
Official Warka Investment Bank Website
www.Warka-Bank.com (http://www.warka-bank.com/)
I wish you the best of luck and prosperity...:wave: