Thread: Hmmmm... ISX News?

I was watching the news and they were talking about the ISX and how it is becoming popular and they are trying to open publicly to foreign investors. One thing they brought up is the fact that they only have $1.4 Billion traded daily and that the US Stock Exchanges trade around $20 Trillion. They might of said that those are the amounts that the stock exchanges have or trade, one or the other. but the ISX is down from 2.0 Billion to 1.4 Billion in the last 18 months.

That number is sure to change when the market opens to foreigners on Aug 2nd.

Originally Posted by Din Diesel

That number is sure to change when the market opens to foreigners on Aug 2nd.

IF it opens Aug. 2nd.

Originally Posted by PaulieThaGreat

I was watching the news and they were talking about the ISX and how it is becoming popular and they are trying to open publicly to foreign investors. One thing they brought up is the fact that they only have $1.4 Billion traded daily and that the US Stock Exchanges trade around $20 Trillion. They might of said that those are the amounts that the stock exchanges have or trade, one or the other. but the ISX is down from 2.0 Billion to 1.4 Billion in the last 18 months.

How much will that $1.4 billion be after a reval?
and
an opening to foreign investors?

Iraq Stock Exchange (ISX)
Trading Instructions for Non Iraqi Investors Just on the ISX web Site !!!

1)Information on Iraq Stock Exchange designated brokerage companies are to be disclosed on the ISX web site on equal basis for each broker. The information should consist of: electronic address, capital, phone number, summary about the company, last two years trading volume, company’s budget, and name of managing director.
2)Non-Iraqi investor personality should be checked by the broker. The following documents should be required by electronic mail followed, within 15 days time, by copies certified at the Iraqi Embassy in the investor’s country or at any other approved government authority:
a)ID.
b)Valid passport.
c)Incorporation contract and registration license certified by the issuer and the Iraqi Embassy or the relevant Iraqi authority, for legal entities.
d)Permanent and temporary address (if any), e-mail address, and phone number.
e)Three samples of signature.

3) ISX should prepare buying and selling order forms in both Arabic and English, which shall include: order number, time and date of order, means by which the order was received, investor name, number of shares, price ( fixed or market price ), order type, order validity period.
The order can be given by electronic mail or by the investor’s authorized representative or by other means on the condition that the broker shall bear responsibility for buying and selling depending on the relation and trust between broker and investor on one side and guarantees submitted by the investor on the other.
4) Non Iraqi investor not residing in Iraq may appoint a representative to follow up his business and receive the certificates on his behalf.

5) ISX brokers should not receive monies in cash from non-Iraqi investors directly or through their dealers. Also brokers should not implement cash payments to them. All these operations are to be done through approved banks in Iraq and in Iraqi Dinars.
6) Selling amounts are to be paid to non-Iraqi investors through approved banks in Iraq. Financial settlements should take place within the period specified in the Trading Regulations, and the broker shall bear all legal and financial consequences resulting from that.
7) ISX should issue temporary shares certificate in both Arabic and English languages.
8) The broker should provide the non Iraqi investor or his dealer, through available approved means, with statement of share sales and purchases and implementation date.
9) The broker should keep a copy of all documents mentioned in the regulations, and copies of slips and vouchers of deposited and drawn amounts. All these documents shall be under the supervision of the Securities Commission and the ISX.
10) Laws, regulations and guidelines regarding trading of non-Iraqi investors are to be published on ISX web site, with a notice how to login to the said link.
11) The broker is not allowed to keep the non Iraqi investor shares certificate which should be delivered to him or to his dealer as soon as it is received.
12) In case the non Iraqi investor wishes to sell shares, his authorization to the broker should be recently signed and stating shares certificate number and date, and number of shares to be sold.
13) In addition to all above, all rules, regulations and procedures which apply to Iraqi investors and brokers are valid for non Iraqi investors as well, unless it violates what is mentioned above.

Originally Posted by Alphamystic

IF it opens Aug. 2nd.

Has been confirmed in many articels !!! this is the BIG dinar multiplier !!!!!..a way to make a big gain even without an RV !!! and we have a date !!!!!

If folks choose not to invest in the ISX, all the time spent on here has been in vain !!!
this is were we get paid for all the time here..as this like I said will be the big dinar multiplier....could make you Bill gates kinda rich !!!!! this is a no brainer folks !!!

Originally Posted by bluedangle

How much will that $1.4 billion be after a reval?
and
an opening to foreign investors?

If dinar were to reval then im sure the ISX would be able to rival ********* stock exchanges.... From what it looked like on the news the people at the ISX looked very refined and intelligant. But hey who knows right?

How would one go about investing in the isx?

Originally Posted by snottynose

How would one go about investing in the isx?

Bungalobill
Junior Member Join Date: Jun 2007
Location: The Republic of Boulder
Posts: 17



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Mr I is [email protected]
Mrs R [email protected]
Also, send to [email protected]

Send all account related letters to the three above for fastest service and to guarantee cross-referencing. If they are late be persistent. Always follow up with Mr. I because he is the manager and is usually very punctual with his emails.

Address to send your fedex is:

Warka Bank for I & F, Main Branch
(009)647-1728
Attn: Mr. I (His full name which I wont state here - However my last package showed Mrs R. actually accepted the package)
International Foreign Relations Department
Watheq Square – Salman Faiq St. – Hay Alwihda – Sec. 902 – 14th St.
Baghdad, Iraq (no zip code)

“Bank documents; less than USD $ 1.00”

Try your best to fit as much as possible onto the Fedex Ticket.

Also, make sure you send a friendly letter, with heading to Mr. I, with your full name and your signature, asking exactly what you want them to do with the currency included, in the FedEx package. Example.. Either to hold dinars until account has been setup and then deposit (which it actually will be by the time the dinars have arrived in Baghdad.) Or to deposit into account #xxxxxxx (when you receive your account number and password). Your Fedex should arrive at Warka in 4 days. Remember, do not tell the Fedex employee you are sending currency.

Bill

OS, you forgot [email protected] That will go directly to the ISX department most likely Ms Marian G will reply as she has always replied to all ISX emails and requests I have sent....Donna