TEHRAN, Iran, July 7
Trend:
Iran's government shall continue selling its shares in public companies at stock exchange to reduce corruption and improve transparency in economy, said Iranian President.
"All the public organizations should follow the instructions and offer their shares in public companies at stock market; it is necessary to assign government surplus property to private sector," said Hassan Rouhani, Trend reports citing IRNA.
"Stock exchange and trading shares should be strictly monitored, and facilitating new share offering and removing obstacles will lead to the stock growth," the head of state added. "Stock market management should implement precautionary regulation so that people trust the market and invest at stock exchange."
Since recently, the government started supporting the stock market by offering its shares in public companies via Exchange Traded Fund (ETF) to provide finances for its needs, while it has liberalized the ownership of the Justice Shares by people to trade them at stock exchange in order to help low-income families.
Iran's government plans to offer shares of 15 subsidiary companies of the National Pension Fund at the stock exchange alongside 12 railway and road projects, and it is expected to trade housing property per square meter.