TEHRAN, Iran, Nov.8
Trend:
Individuals that request for sale of their justice shares by September 21 have received the payment from the trading, said Deputy for Supervision on Financial Institutions in Securities and Exchange Organization.
"The brokerage systems are ready to remove the request for sale in case the individuals are no longer intend to sell justice shares," said Mohammadreza Motamed, Trend reports citing ISNA.
"Customers orders for the sale of justice shares have been sent to the Central Securities Depository of Iran (CSDI) by brokerage companies," he said.
"There is no problem for sale of justice shares, individuals that ordered the sale of their shares until September 21 have received the payment from the sale however request for sale that submitted from September 22 to October 21 had the problem that would be managed considering the market situation," he added.
A total of 50 marketing funds are currently acting in the capital market while more than 200 stock companies have also requested to be market funds in Tehran Stock Exchange.
Under the “Justice Shares“ plan, millions of Iranian families will receive shares in state-owned firms, the value of which will be reimbursed in 20 years from the dividends generated by those shares.