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  • 30-11-20

    Units of ETF to be traded in Iran

    (MENAFN)The items of the second exchange-traded fund (ETF) will be traded in the near future if the government approves this organization"s offer, declared the head of Iran"s Securities and Exchange Organization (SEO).

    HasanQalibaf-Asl stated on Sunday that, "A few days ago, a proposal was submitted to the government, and if this proposal is accepted, the second ETF will start trade soon."

    "As two of the four refineries, whose shares are due to be offered via this fund, have increased their capital, but the capital boosting has not been considered in the ETF"s asset, the fund"s index cannot be opened yet," declared DavoodRazaqi

    The capital improvement took a place at Tehran Oil Refining Company and Isfahan Oil Refining Company.

    MENAFN30112020000045011369ID1101207611

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