warka stock officially starts to trade electronically on june 7th. orders
must be received by warka before wednesday of that trading week. heres
the latest e-mail from mr i:

Dear xxxxx

Please note that as electronic trading only takes
place on Sunday our esteemed investors need to submit orders related to the
companies that are trading electronically before Wednesday business day for
Sunday Electronic trading session. The ISX department will process the orders
on Wednesday submitting them to the brokerage office on Thursday to be executed
at the Sunday trading session.

Mr.I
Deputy Managing Director
Senior Executive
International Affairs

while this email doesnt say the stock begins on this sunday, it was in response to an e-order i placed for the stock for this sundays session. it was submitted after the wednesday cut-off deadline. the fact is that warka stock is back!! this has been a GOLD STAR stock for all isx investors!!

Thanks lglwzrd,
LIT

well, ive been tied up in my closet for awhile........

not really a big deal unless they are trading more than a token few companies as before......any word on how many are going to be traded?

what makes it a big deal is that both warka and meib came out of their meetings and went to straight e-trading. also warka closed at 2.3 b-4 e-trading and opened up at 1.6 closing at 1.5....this is huge as that they gave 46% free shares and only went down about 30%...the time to buy this stock is now!! personally, im buying several more million shares-warka is a sure thing amongst the bank stocks-always has been and will continue to be-my opinion of course!!!!

Did they not plan to have all stocks to go electronic by the 18th of June?? Not sure it this was posted before but this is why I posted question.


Stock Exchange: June 18, the date of the last meeting of the manual handling</SPAN>
21/5/2009 - 22:09 21/5/2009 - 22:09

BAGHDAD / Aswat al-Iraq: the Executive Director of the Iraqi market for the Stock Exchange (KSE) on Thursday, the eighteenth of the month of June will be the date of the last meeting of the circulation of the hand, indicating he would be after ten days of this date the start of the process of filing to all companies.

He said Taha Ahmed Abdul Salam told (Voices of Iraq) that "the last meeting of the circulation of the hand will be on Thursday (6-18) will be within ten days after the commencement of operations of the Central Bank to deposit all the shares of companies," adding that "the Middle East and the bank will be Warkaa the first companies to be transferred to electronic trading in the first group, "while the hand will stop trading them in the twenty-sixth of the May return electronically on the seventh of June 13 and then followed by the company on May 28 by the circulation Ibde on June 21 next."

Abdel-Salam said that "the Board of Governors of the Iraqi market for the Stock Exchange (KSE) a plan for the transfer of shareholding companies in accordance with the three tables and a chronology Ibde by the end of May until the present and next July," will be "the transfer of all the companies that will be completed measures of public bodies, as well as companies that have increase their capital and the issuance and distribution of new share certificates to shareholders to electronic trading, "where they will be" without returning to the circulation after the manual to meet the most important requirements for a matching capital to number of shares issued. "

The Iraqi Stock Exchange has seen the opening of the first electronic trading session on Sunday during a session (4-19) three to five companies including a bank, a Bank of the UNESCO and the International Credit Bank and Al-Mansour hotel company and the bar and the Mansour Hotel, with 26 out of the company held its public and private banking, most of them are preparing to return to the Trading electronically.

The market place for the Iraq Stock Exchange (KSE) three weekly meetings, one of which is an electronic five-stock companies on Sunday every week, with hand-held trading sessions on Tuesday and Thursday on the 86 listed companies out of 91 companies.


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