litolio13

I will be going to Iraq in a few days for business and wanted to know if there was anything related to Iraqi investment/banking or Iraqi news you wanted me to ask my business partners and brokers in Iraq. The more specific you are, the better I'll be able to bring back something of use.

I have been trading stocks on the ISX through Warka Bank by sending in my buy/sell orders via email. However, I also have internet banking at Warka Bank and am wondering if anyone has had any success in buying/selling stocks on the ISX using just internet banking or any other electronic means.

This forum was incredibly helpful in BUYING stock on the ISX, but I can't seem to find too much on SELLING stock on the isx. I recently bought some stocks through Warka and have recently tried to SELL stocks but I got the following message once I sent them the "sell order." "The sell request will be submitted to the Iraqi Stock Exchange to be registered and uploaded in their system which according to the current process, procedures and time frame set by the Iraqi Stock Exchange requires them a minimum period of 40 days and once registered bids can be made to buy your shares where my department will keep you posted as shares are sold and funds credited to your account." Does this mean that I have to wait at least 40 days before my stock even goes up on the ISX to be bought? Stock value on the ISX tend to change pretty frequently, even daily in some cases, so does this mean that I won't be able to sell at the predicted value?

Seeing as how you can buy and sell on the ISX through Warka and pay them only a 1% commission, are there any benefits in opening an account at any other ISX registered stock broker? Do they provide more information or advice regarding stock purchases? Do any of them allow you to buy or sell stocks for less than 1% commission?

Has anyone opened an account at any other bank OTHER than Warka Bank? I am wondering if they have better interest rates on their savings account or CD's?